{"product_id":"the-value-equation-9781119875642","title":"The Value Equation","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: Free Enterprise and Wealth Creation 11\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIn the Beginning Is the Idea 12\u003c\/p\u003e \u003cp\u003eUnicorn Likelihood 13\u003c\/p\u003e \u003cp\u003eOdds of Success 14\u003c\/p\u003e \u003cp\u003eThe Six Variables 16\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Daymond John and the First Variable 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAccountants vs. Entrepreneurs 21\u003c\/p\u003e \u003cp\u003eVariable #1: Business Investment 23\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: The Capital Stack and Two More Variables 25\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Right Side 25\u003c\/p\u003e \u003cp\u003eOther People’s Money (OPM) 26\u003c\/p\u003e \u003cp\u003eVariables #2 and #3: Amount and Cost of OPM 29\u003c\/p\u003e \u003cp\u003eCost of Capital vs. Cost of Equity 30\u003c\/p\u003e \u003cp\u003eCapital Stack Assembly 31\u003c\/p\u003e \u003cp\u003eEquity Sourcing 33\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Three More Variables and Voilà! 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eVariable #4: Sales 36\u003c\/p\u003e \u003cp\u003eVariable #5: Operating Profit Margin 36\u003c\/p\u003e \u003cp\u003eVariable #6: Annual Maintenance Capital Expense 37\u003c\/p\u003e \u003cp\u003ePutting the Six Variables Together 39\u003c\/p\u003e \u003cp\u003eGordon Growth Model 42\u003c\/p\u003e \u003cp\u003eEquity Valuation 43\u003c\/p\u003e \u003cp\u003eThe Miracle of Compounding 44\u003c\/p\u003e \u003cp\u003eDissecting Investment Returns 47\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: The Value Equation 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEVA and EMVA 52\u003c\/p\u003e \u003cp\u003eMaking the V- Formula Even Simpler 54\u003c\/p\u003e \u003cp\u003eSolving for Other V- Formula Variables 56\u003c\/p\u003e \u003cp\u003eV- Formula Data Tables 58\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Business Model Evaluation 61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSTORE Capital 62\u003c\/p\u003e \u003cp\u003eThe FAANGs 66\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Pulling the Corporate Efficiency Levers 75\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOperating Efficiency (O) 76\u003c\/p\u003e \u003cp\u003eAsset Efficiency (A) 80\u003c\/p\u003e \u003cp\u003eCapital Efficiency (C) 85\u003c\/p\u003e \u003cp\u003eSix- Shot Economics 88\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Choosing from Your OPM Options 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDesigning Your Own OPM 90\u003c\/p\u003e \u003cp\u003eLeasing 91\u003c\/p\u003e \u003cp\u003eCreating a Model to Evaluate OPM Options 93\u003c\/p\u003e \u003cp\u003eReal Estate as an Investment 98\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Opportunity Cost 101\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSome Opportunity Cost Illustrations 102\u003c\/p\u003e \u003cp\u003eCreating a Model to Evaluate Real Estate Lease Opportunity Costs 104\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: The Final Form of OPM 115\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOPM Equity 116\u003c\/p\u003e \u003cp\u003eSustainable Growth Rate 118\u003c\/p\u003e \u003cp\u003eTaking on OPM Equity 120\u003c\/p\u003e \u003cp\u003eContents ix\u003c\/p\u003e \u003cp\u003eDeciding How Much OPM Equity to Use 121\u003c\/p\u003e \u003cp\u003eCreating a Five- Year Model 122\u003c\/p\u003e \u003cp\u003eSweetening the Deal 125\u003c\/p\u003e \u003cp\u003eOPM Equity Flavors 127\u003c\/p\u003e \u003cp\u003eOPM Equity Considerations 129\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: A Look at Public Companies 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDetermining Public Stock Equity Returns 137\u003c\/p\u003e \u003cp\u003eWalmart 143\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Animal Spirits 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eElon Musk and Tesla 152\u003c\/p\u003e \u003cp\u003eStock Exchange Differences 154\u003c\/p\u003e \u003cp\u003eRestaurant Case Studies 155\u003c\/p\u003e \u003cp\u003eLone Star Steakhouse \u0026amp; Saloon 155\u003c\/p\u003e \u003cp\u003eBoston Chicken 158\u003c\/p\u003e \u003cp\u003eValue Investing 159\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Mergers and Acquisitions 165\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOPM Capital Options 167\u003c\/p\u003e \u003cp\u003eSolving for Equity and Company Valuation 170\u003c\/p\u003e \u003cp\u003eEBITDA Valuation Multiples 172\u003c\/p\u003e \u003cp\u003eM\u0026amp;A Risks and Rewards 173\u003c\/p\u003e \u003cp\u003eM\u0026amp;A Nightmares 176\u003c\/p\u003e \u003cp\u003eGE and M\u0026amp;A- Driven Growth 179\u003c\/p\u003e \u003cp\u003eFocusing on What Matters 184\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: The Essential Ingredient 187\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Growing Restaurant Illustration 187\u003c\/p\u003e \u003cp\u003eDesigned Structural Change 189\u003c\/p\u003e \u003cp\u003ePlanned vs. Imposed Structural Change 197\u003c\/p\u003e \u003cp\u003eBlockbuster Video 200\u003c\/p\u003e \u003cp\u003eDesigned Revolutionary Change 203\u003c\/p\u003e \u003cp\u003eReengineering the Corporation 205\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: The Art of the Possible 209\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Circles of Business Life 212\u003c\/p\u003e \u003cp\u003eEvolving Capital Choices 216\u003c\/p\u003e \u003cp\u003eValue vs. Momentum Investing 219\u003c\/p\u003e \u003cp\u003eDefining a Financial Win 221\u003c\/p\u003e \u003cp\u003eSome Final Thoughts 225\u003c\/p\u003e \u003cp\u003eGlossary of Terms 227\u003c\/p\u003e \u003cp\u003eThe Value Equation Framework 231\u003c\/p\u003e \u003cp\u003eNotes 237\u003c\/p\u003e \u003cp\u003eAcknowledgments 243\u003c\/p\u003e \u003cp\u003eAbout the Author 245\u003c\/p\u003e \u003cp\u003eIndex 247\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49407180308823,"sku":"9781119875642","price":19.54,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119875642.jpg?v=1730498456","url":"https:\/\/bookcurl.com\/products\/the-value-equation-9781119875642","provider":"Book Curl","version":"1.0","type":"link"}