CONTENTS
Part One Company Value and the Manager's Mission

1   Why Value Value?3
2   The Value Manager17
3   Fundamental Principles of Value Creation47
4   Metrics Mania: Surviving the Barrage of Value Metrics55
5   Cash Is King73
6   Making Value Happen89
7   Mergers, Acquisitions, and Joint Ventures111
Part Two  Cash Flow Valuation: A Practitioner's Guide
8   Frameworks for Valuation131
9   Analyzing Historical Performance157
10   Estimating the Cost of Capital201
11   Forecasting Performance233
12   Estimating Continuing Value267
13   Calculating and Interpreting the Results289
Part Three  Applying Valuation
14   Multibusiness Valuation301
15   Valuing Dot.coms315
16   Valuing Cyclical Companies327
17   Valuing Foreign Subsidiaries335