Best-Practice EVA by Stewart, Bennett -- Read -- Imperial Library of Trantor

Index

Cover Praise Series Title Page Copyright Dedication Preface

SHORTCOMINGS WITH FIRST-GENERATION EVA INTRODUCING THE NEW BEST-PRACTICE EVA MODEL OUTLINE OF THE BOOK THE BEST-PRACTICE EVA AGENDA

Chapter 1: EVA 101 Chapter 2: EVA and Value

VALUATION DETAILS GETTING FROM EVA TO THE SHARE PRICE THE TIE BETWEEN EVA AND SHAREHOLDER RETURNS

Chapter 3: Accounting for Value

MIXING OPERATING AND FINANCING DECISIONS DISCHARGE SURPLUS CASH TREAT LEASED ASSETS AS OWNED REVERSE IMPAIRMENT CHARGES CAPITAL GAINS AND LOSSES GO TO THE CAPITAL ACCOUNT RESTRUCTURING COSTS ARE INVESTMENTS, TOO R&D AND BRAND SPEND ARE INVESTMENTS BAD DEBT RESERVES DEFERRING TAXES ADDS VALUE SMOOTH TAXES FIX RETIREMENT COST DISTORTIONS STRATEGIC INVESTMENTS SIMPLE MEASURES MAKE FOR COMPLEX CONVERSATIONS SUMMING UP

Chapter 4: What’s Wrong with RONA? Chapter 5: The New EVA Ratio Metrics

EVA MOMENTUM MARKET-IMPLIED EVA MOMENTUM EVA MARGIN A FIRST LOOK AT EVA MOMENTUM MARKET METRICS LET’S GET REAL—A FIRST LOOK AT AMAZON

Chapter 6: EVA Margin

EBITDAR—CASH OPERATING PROFIT PRODUCTIVE CAPITAL WORKING CAPITAL PROPERTY, PLANT, AND EQUIPMENT (PPE) INTANGIBLE CAPITAL AMAZON UNDER THE EVA MARGIN MICROSCOPE A TALE OF TWO COMPANIES PRODUCTIVE CAPITAL INTANGIBLES CORPORATE CHARGES PERCENTILE RATINGS EVA AND MVA AT TIFFANY AND BLUE NILE SUMMING UP THE EVA MARGIN

Chapter 7: Setting EVA Targets Chapter 8: Put Momentum into Planning

Chapter 9: Dividing Multiples into Good and Bad Chapter 10: Put EVA into Capital Decisions and Acquisitions

PRICING ACQUISITIONS EPS DOESN’T COUNT; IT IS OFFSET BY P/E

Chapter 11: EVA and the Buy Side Chapter 12: Become a Best-Practice EVA Company Appendix A: The Best-Practice EVA Software Toolkit Appendix B: Corrective Accounting Adjustments

Appendix C: Accounting for Corporate Charges in Detail

EVA BEFORE GOODWILL AND UNUSUAL ITEMS GOODWILL AND UNUSUAL ITEMS CHARGES

Glossary About the Author Index Bonus Material