To request review copies
translationrights@wiley.com
Back to contents
25
Valuation
Beyond Earnings
Applying the HOLT CFROI and Economic Profit Framework
David Holland & Bryant Matthews
ISBN: 978-1-119-44048-2 | Nov 2017 | 304PP
Beyond Earnings is a comprehensive guide to valuation and corporate
performance analysis. It provides the first useful discussion of mean-reversion in
corporate profitability and growth in a finance textbook. It offers practical and
elegant solutions for dealing with this empirical reality.
Key takeaways include:
•• Adjust for accounting distortions to determine a company’s true economic
performance
•• Calculate a firm’s economic profit and CFROI
•• Estimate future cash flow and economic profit streams
•• Model terminal value and eliminate the perpetuity assumption
•• Estimate a firm’s value
About the Authors
David Holland is an independent consultant who serves as a senior advisor to
Credit Suisse and is an Adjunct Professor at the University of Cape Town Graduate
School of Business. Until 2011, he was a Managing Director at Credit Suisse
based in London. David oversaw HOLT Valuation and Analytics, the research and
development arm of Credit Suisse HOLT, and ran their global Custom Solutions
Group.
Bryant Matthews is the senior director of research for Credit Suisse HOLT.
He is a graduate of Kelloggs School of Management with an MBA. He has over
twenty years of professional experience valuing stocks and helping professional
investors improve their stock selection process. His research has led to numerous
innovations in the flagship Credit Suisse HOLT Lens application.