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2014 Valuation Handbook - Guide to Cost of Capital

Author: Duff & Phelps
Publisher: AICPA
Availability: Backordered
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Duff & Phelps is now providing the data previously in the SBBI Valuation Yearbook, as well as data from the Risk Premium Report, in this new handbook – all to help you estimate the cost of equity capital for a subject company.

This Valuation Handbook contains all of the “key variables in estimating the cost of capital,” including:

  1. Yields
    • Long-term (20-year) U.S. Treasury Coupon Bond Yield
  2. Equity Risk Premium
    • Long-horizon expected “historical” equity risk premium
    • Long-horizon expected “supply side” equity risk premium
  3. Size Premium
    • CRSP Mid-Cap, Low-Cap, and Micro-Cap size premia
    • CRSP Deciles 1 through 10 size premia
    • Size premia for the breakdown of CRSP Decile 10 into 10a (and its subdeciles 10w and 10x) and 10b (and its subdeciles 10y and 10z)
  4. Industry Risk Premium
    • Industry risk premia (IRPs) for use in the build-up method (previously found in Table 3-5 in the SBBI Valuation Yearbook).

This Valuation Handbook also includes all of risk premia and size premia (for up to eight different measures of “size”) previously published in the Duff & Phelps Risk Premium Report, including:

  • Size Study
    Analyzes the relationship between equity returns and company size, using up to 8 measures of company size (market value of common equity, book value of common equity, 5-year average net income, market value of invested capital (MVIC), total assets, 5-year average EBITDA, sales, and number of employees).
  • Risk Study
    Analyzes the relationship between equity returns and accounting-based fundamental risk measures
  • High-Financial-Risk Study
    Analyzes the relationship between equity returns and high-financial-risk, as measured by the Altman z-Score.
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Paperback 2014
Product# PBV1402P
Availability: Backordered
Regular:$281.25
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