Corporate Valuation for Portfolio Investment: Analyzing Assets, Earnings, Cash Flow, Stock Price, Governance, and Special Situations

by Robert A.G. Monks, Alexandra Reed Lajoux

A detailed guide to the discipline of corporate valuation Designed for the professional investor who is building an investment portfolio that includes equity, Corporate Valuation for Portfolio Investment takes you through a range of approaches, including those primarily based on assets, earnings, cash flow, and securities prices, as well as hybrid techniques. Along the way, it discusses the importance of qualitative measures such as governance, which go well beyond generally accepted accounting principles and international financial reporting standards, and addresses a variety of special situations in the life cycle of businesses, including initial public offerings and bankruptcies. Engaging and informative, Corporate Valuation for Portfolio Investment also contains formulas, checklists, and models that the authors, or other experts, have found useful in making equity investments. Corporate Valuation for Portfolio Investment puts this dynamic discipline in perspective and presents proven ways to determine the value of corporate equity securities for the purpose of portfolio investment.

576 pages, Hardcover

First published October 1, 2010

About the author

Robert Augustus Gardner Monks was an American author, shareholder activist, corporate governance advocate, attorney, corporate director, venture capitalist and energy company executive — as well as political candidate and Reagan administration official.
Monks co-founded Institutional Shareholder Services, Lens Investment Management, Lens Governance Advisors and The Corporate Library (now part of GMI Ratings). He authored The Emperor’s Nightmare, Corpocracy, Citizens DisUnited, Reel and Rout: A Novel, The New Global Investors and, with Nell Minow, Watching the Watchers, Corporate Governance and Power & Accountability.
He was the Republican nominee for the U.S. Senate from Maine in 1976, losing in a landslide to Democratic Senator Edmund Muskie. He again ran for Senate in 1996, but lost that Republican primary to Susan Collins. He also unsuccessfully challenged longtime Republican Senator Margaret Chase Smith in the 1972 Republican primary. In 1977, Monks was named Chair of the Maine Republican Party. He resigned as party chair in 1978.