The Valuation of Financial Companies: Tools and Techniques to Measure the Value of Banks, Insurance Companies and Other Financial Institutions (The Wiley Finance Series)
| Author | : | |
| Rating | : | 4.64 (872 Votes) |
| Asin | : | 1118617339 |
| Format Type | : | paperback |
| Number of Pages | : | 256 Pages |
| Publish Date | : | 2014-04-01 |
| Language | : | English |
DESCRIPTION:
This book presents the main valuation approaches that can be used to value financial institutions. The main techniques to perform the relative valuation of financial institutions are then presented: along the traditional multiples (P/E, P/BV, P/TBV, P/NAV), the multiples based on industry-specific value drivers are discussed (for example, P/Pre Provision Profit, P/Deposits, P/Premiums, P/Number of branches). By sketching 1) the different business models of banks (both commercial and investment banks) and insurance companies (life, property and casualty and reinsurance); 2) the structure and peculiarities of financial institutions’ reporting and financial statements; and 3) the main features of regulatory capital frameworks for banking and insurance (ie Basel III, Solvency II), the book addresses why such elements make the valuation of financial institutions different from the valuation of non-financial companies.The book then features the valuation models that can be used to determine the value of banks and insurance companies including the Discounted Cash Flow, Dividend Discount Model, and Residual I
Vineet Dave said Great Intro to Financial Companies. Good book. Covers a lot of stuff. Sometimes tough to read. Does not provide enough Context. However a must read for any one looking to get an intro to finance companies.. Wrong from first principles. finance348201 Just by reading chapter 1 the authors show that they don't understand how commercial banking works.