CFROI valuation : a total system approach to valuing the firm

CFROI valuation a total system approach to valuing the firm

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What generates shareholder value? How can it be evaluated? How can it influence investment decisions and corporate strategy? Cash Flow Return On Investment answers all these questions by detailing the pioneering financial research carried out by HOLT Value Associates, the leading consultancy in the...

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Detalles Bibliográficos
Autor principal: Madden, Bartley J. (-)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Oxford ; Boston, MA : Butterworth-Heinemann 1999.
Colección:EBSCO Academic eBook Collection Complete.
Acceso en línea:Conectar con la versión electrónica
Ver en Universidad de Navarra:https://innopac.unav.es/record=b32080013*spi
Tabla de Contenidos:
  • Valuation foundation
  • The need
  • Process for learning what works
  • Knowledge and action
  • Knowledge as assumptions
  • Critical role of feedback
  • Problem recognition
  • Past experiences influence what we observe
  • Nurturing clearer observations
  • Analyzing the firm as a total system
  • Feedback
  • Accounting statements measure results
  • Benefits of approach
  • CFROI valuation model
  • Rooted in discounted cash flow (DCF)
  • CFROI economic performance metric
  • A new approach to discount rates
  • Portfolio manager perspective
  • Cfroi Life Cycle
  • Economic performance
  • CFROI as a return measure
  • Managerial skill and the competitive life cycle
  • Life-cycle examples
  • Cfroi Model and Dcf/Cfroi Arithmetic
  • CFROI valuation model map
  • Pricing equation
  • Net cash receipts (NCRs)
  • Packaging the NCR stream
  • A model firm as a portfolio of projects
  • Two valuation methods
  • Valuing the NCR stream
  • Present value of existing assets
  • Present value of future investments
  • Calculating and interpreting a CFROI
  • Market-Derived Discount Rates And Company-specific Risk Differentials
  • Discount rate tied to valuation model
  • Investors' demanded returns
  • Historical achieved returns
  • Effects of taxes and inflation
  • Valuing future investments
  • The market aggregate of firms
  • The derivation procedure demonstrated
  • Forecasting aggregate net cash receipts
  • Market-derived discount rate
  • CFROIs and market discount rates, 1960-1996
  • Market real debt and real equity rates.

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