{"product_id":"waugh-on-wine-book-auberon-waugh-9780006372301","title":"Waugh on Wine","description":"A superior new replacement to traditional discounted cash flow valuation models \u003cp\u003eExecutives and corporate finance practitioners now have a more reliable discount rate to value companies and make important business and investment decisions. In today's market, it's free cash flow, cost of capital and return on invested capital that really matters, and now there's a superior tool to help analyze these metrics--\u003ci\u003eSecurity Valuation and Risk Analysis\u003c\/i\u003e. \u003c\/p\u003e\u003cp\u003eIn this pioneering book, valuation authority Kenneth Hackel presents his next-generation methodology for placing a confident value on an enterprise and identifying discrepancies in value--a system that will provide even the most well-informed investor with an important competitive advantage. \u003c\/p\u003e\u003cp\u003eAt the core of \u003ci\u003eSecurity Valuation and Risk Analysis\u003c\/i\u003e is Hackel's successful credit model for determining an accurate fair value and reliable discount rate for a company. Using free cash flow as the basis for evaluating return on invested capital is the most effective method for determining value. Hackel takes you step by step through years of compelling evidence that shows how his method has earned outsized returns and helped turn around companies that were heading toward failure. \u003c\/p\u003e\u003cp\u003eWhether used for corporate portfolio strategy, acquisitions, or performance management, the tools presented in \u003ci\u003eSecurity Valuation and Risk Analysis\u003c\/i\u003e are unmatched in their accuracy and reliability. Reading through this informative book, you'll discover how to: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eTake advantage of early warning signs related to cash flow and credit metrics \u003c\/li\u003e\n\u003cli\u003eEstimate the cost of equity capital from which free cash flows are discounted \u003c\/li\u003e\n\u003cli\u003eIdentify where management can free up resources by using a better definition of free cash flow\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003e\u003ci\u003eSecurity Valuation and Risk Analysis\u003c\/i\u003e provides a complete education on cash flow and credit, from how traditional analysts value a company and spot market mispricing (and why many of those traditional methods are obsolete) to working with the most recent financial innovations, including derivatives, special purpose entities, pensions, and more. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eSecurity Valuation and Risk Analysis\u003c\/i\u003e is your answer to a credit market gone bad, from an expert who knows bad credit from good.\u003c\/p\u003e","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49562678493457,"sku":"GOR002501092","price":3.95,"currency_code":"GBP","in_stock":false},{"title":"GB \/ WELL_READ \/ INTERNAL","offer_id":49658297286929,"sku":"GOR002391221","price":3.95,"currency_code":"GBP","in_stock":false},{"title":"US \/ GOOD \/ SBYB","offer_id":49981288972561,"sku":"CIN0006372309G","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ GOOD \/ INTERNAL","offer_id":50428229648657,"sku":"GOR001738680","price":3.95,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0006372309.jpg?v=1751162825","url":"https:\/\/www.worldofbooks.com\/en-gb\/products\/waugh-on-wine-book-auberon-waugh-9780006372301","provider":"World of Books ","version":"1.0","type":"link"}