The Financial Times Guide to Corporate Valuation

by Frykman, David; Tolleryd, Jakob

• ISBN13: 9780273729105
• ISBN10: 0273729101
• Edition: 2nd
• Format: Paperback
• Copyright: 2010-10-20
• Publisher: FT Press

Summary

The only straightforward guide to corporate valuation. The second edition has been completely revised and updated throughout. It covers key issues, such as: bull; bull;When do you need to value a company? bull;An overview of all corporate valuation models. bull;Valuation of public versus prviate companies. bull;Ratio-based valuation. bull;Discounted cash flow valuation. bull;Key value drivers. bull;Value-based management. bull;How to value your company in practice. bull;Target capital structure - what happens in times of low liquidity. Corporate valuation is the process of estimating the potential market value of a financial asset or liability. This book is a quick, no nonsense approach to a complex subject, written for managers, board members, entrepreneurs, businessman, and students for whom the concept of valuation is key. Using the example of European telecommunications company Mobitronics as a model, the authors provide key insights into universal issues in corporate valuation and the most commonly used valuation methods. If you spend two hours reading this book you will not only be able to speak intelligently about the subject, but you will also be albe to value your own company.

Author Biography

About the authors:

David Frykman is the CEO and owner of Fred Ventures, a private investment company. Previously, he was the CEO and main shareholder of Gymgrossisten (Nasdaq: GYM) and before that a Senior Vice President at Swedbank Markets Corporate Finance. David has also worked with venture capital at Novare Kapital and Spray Investment. In his different roles as owner, board member and CEO, David has conducted a large number of mergers and acquisitions, fund raisings and divestitures. David holds an MSc in economics and finance from Stockholm School of Economics and the Asian Institute of Management as well as a BSc in psychology from Stockholm University.

Jakob Tolleryd is a Swedish serial entrepreneur and investor. He is the founder and investor behind a number of companies in the IT/Internet industry. Among them, Compricer; a price comparison site for services, Easyart; the leading European e-commerce company for art prints and Klikki; one of the leading online marketing consultants in Scandinavia.  He is also the founder and former CEO of Carambole, a pan-European web service company and a founder of intellectual property consulting company Cogent IPC. Jakob is a regular lecturer and speaker regarding entrepreneurship, growth companies and corporate valuations. Jakob holds an MSc in economics and finance from the Stockholm School of Economics and the Richard Ivey School of Business in Canada.

Jakob Tolleryd and David Frykman are also the authors of Valuation of Growth Companies: methods and models for valuation of growth companies, written for The Royal Swedish Academy of Engineering Sciences.

Table of Contents

Table of Contents and New Edition Content

1 Introduction
2 Presentation of Model Company
3 When Do You Need to Value a Company?
4 Company Valuation – An Overview
5 Ratio-based Valuation
6 Discounted Cash Flow Valuation
7 Underlying Analysis and Key Value Drivers
8 How to Value Your Company in Practice – An Example
9 Value-based Management
10 Afterword
Appendix A
Inspirational list of key value drivers
Appendix B
Typical information needed for a valuation
Notes
Glossary
Further Reading