2016 International Valuation Handbook - Industry Cost of Capital (Wiley Finance)

**Real-world cost-of-capital data from across industries and around the globe**The __2016 International Valuation Handbook - Industry Cost of Capital__ offers the same type of rigorous industry-level analysis published in the U.S.-centric __Valuation Handbook - Industry Cost of Capital__. It provides industry-level cost of capital estimates (cost of equity, cost of debt, and weighted average cost of capital, or WACC), plus detailed industry-level statistics for sales, market capitalization, capital structure, various levered and unlevered beta estimates (e.g., ordinary-least squares (OLS) beta, sum beta, peer group beta, downside beta, etc.), valuation (trading) multiples, financial and profitability ratios, equity returns, aggregate forward-looking earnings-per-share (EPS) growth rates, and more.**For more information about Duff & Phelps valuation data resources published by Wiley, please visit www.wiley.com/go/valuationhandbooks.Also Available*** **2016 International Valuation Handbook - Guide to Cost of Capital** * **2016 Valuation Handbook - Guide to Cost of Capital** * **2016 Valuation Handbook - Industry Cost of Capital** **Key Features*** **Four global economic regions:** The __2016 International Valuation Handbook - Industry Cost of Capital__ includes industry-level analyses for four global economic regions: the "World," the European Union, the Eurozone, and the United Kingdom. Industries in the book are identified by their Global Industry Classification Standard (GICS) code (at the 2-, 4-, and 6-digit code level). * **Three currencies:** Each of the four global region's industry analyses are presented in three currencies: the Euro, the British pound, and the U.S. dollar. Content: 2016 International Valuation Handbook: Industry Cost of Capital About the Data About Duff & Phelps Additional Resources Other Duff & Phelps Valuation Data Resources Published by John Wiley & Sons A New Addition Table of Contents Acknowledgements Introduction Who Should Use the International Valuation Handbook -- Industry Cost of Capital Industry-Level Cost of Capital Estimates Industry-level Statistics, Capital Structure, Valuation Multiples, and Betas Methodology "Data Through" Date Countries of Incorporation Company Type Currencies Used Global Areas Covered. Industry Identification by GICS CodeMinimum Number of Companies Required Data Sources Company-level Data Corporate Bond Yield and Credit Ratings Beta Calculation Inputs Growth Rates Derivation of Company Tax Rates Derivation of Long-term Risk-free Rates and Long-term Equity Risk Premia The Risk-free Rate and Equity Risk Premium: Interrelated Concepts Methods of Risk-free Rate Normalization Company Screening Process Identifying Initial Company Sets Identifying the Initial "World" Company Set Identifying the Initial EU, Eurozone, and United Kingdom Company Sets. Additional Company ScreeningUnseasoned Companies High Financial-Risk Companies Identifying "Pure Play" Companies Medians and Industry Composites Median GICS Composite Large Composite Small Composite Identification of the Companies that Comprise the Large and Small Composites Composites Are Aggregates "Latest" and "5-Year" Averages Calculating "Latest" Medians Calculating "5-Year Average" Medians Calculating "Latest" Composites Calculating "5-Year Average" Composites Calculation of Industry Financial Statistics GICS Code and Number of Companies in the Main Set. Global Area and CurrencyGraph -- Relative 5-Year Performance Three Largest and Three Smallest Companies by Sales and Total Assets Annualized Monthly Performance Statistics Portfolio Formation Geometric Returns Arithmetic Returns Standard Deviation Number of Companies in the Median, the Composites, and the High-Financial-Risk Category Return Ratios Return on Assets Latest 5-Year Average Return on Equity Latest 5-Year Average Dividend Yield Latest 5-Year Average Liquidity Ratio Current Ratio Latest 5-Year Average Profitability Ratio Operating Margin Latest 5-Year Average. Graph -- Operating MarginBeta Overview "Total" Returns, and Not "Excess" Returns, Are Used in All Beta Calculations Herein Levered Betas Raw (OLS) Beta Peer Group Beta Sum Beta Downside Beta Adjusted Betas Blume-Adjusted Beta Vasicek-Adjusted Beta Graph -- Betas (Levered) Unlevered Betas Leverage Ratios Debt-to-MV Equity Latest 5-Year Average Debt-to-Total Capital Latest 5-Year Average Graph -- Capital Structure, GICS Composite Derivation of Long-term Growth Rates Long-term Earnings Per Share (EPS) Latest Equity Valuation Multiples Price to Sales Latest 5-Year Average. Real-world cost-of-capital data from across industries and around the globeThe 2016 International Valuation Handbook – Industry Cost of Capital offers the same type of rigorous industry-level analysis published in the U.S.-centric Valuation Handbook – Industry Cost of Capital. It provides industry-level cost of capital estimates (cost of equity, cost of debt, and weighted average cost of capital, or WACC), plus detailed industry-level statistics for sales, market capitalization, capital structure, various levered and unlevered beta estimates (e.g., ordinary-least squares (OLS) beta, sum beta, peer group beta, downside beta, etc.), valuation (trading) multiples, financial and profitability ratios, equity returns, aggregate forward-looking earnings-per-share (EPS) growth rates, and more.For more information about Duff & Phelps valuation data resources published by Wiley, please visit www.wiley.com/go/valuationhandbooks.Also Available 2016 International Valuation Handbook – Guide to Cost of Capital 2016 Valuation Handbook – Guide to Cost of Capital 2016 Valuation Handbook – Industry Cost of Capital 2017 Valuation Handbook – International Guide to Cost of Capital 2017 Valuation Handbook – U.S. Guide to Cost of Capital 2017 Valuation Handbook – U.S. Industry Cost of Capital Key Features Four global economic regions: The 2016 International Valuation Handbook – Industry Cost of Capital includes industry-level analyses for four global economic regions: the'World,'the European Union, the Eurozone, and the United Kingdom. Industries in the book are identified by their Global Industry Classification Standard (GICS) code (at the 2-, 4-, and 6-digit code level). Three currencies: Each of the four global region's industry analyses are presented in three currencies: the Euro, the British pound, and the U.S. dollar. Real-world cost-of-capital data from across industries and around the globe The 2016 International Valuation Handbook - Industry Cost of Capital offers the same type of rigorous industry-level analysis published in the U.S.-centric Valuation Handbook - Industry Cost of Capital . It provides industry-level cost of capital estimates (cost of equity, cost of debt, and weighted average cost of capital, or WACC), plus detailed industry-level statistics for sales, market capitalization, capital structure, various levered and unlevered beta estimates (e.g., ordinary-least squares (OLS) beta, sum beta, peer group beta, downside beta, etc.), valuation (trading) multiples, financial and profitability ratios, equity returns, aggregate forward-looking earnings-per-share (EPS) growth rates, and more. For more information about Duff & Phelps valuation data resources published by Wiley, please visit www.wiley.com/go/valuationhandbooks. Also Available 2016 International Valuation Handbook - Guide to Cost of Capital 2016 Valuation Handbook - Guide to Cost of Capital 2016 Valuation Handbook - Industry Cost of Capital Key Features Four global economic regions: The 2016 International Valuation Handbook - Industry Cost of Capital includes industry-level analyses for four global economic regions: the "World," the European Union, the Eurozone, and the United Kingdom. Industries in the book are identified by their Global Industry Classification Standard (GICS) code (at the 2-, 4-, and 6-digit code level). Three currencies: Each of the four global region's industry analyses are presented in three currencies: the Euro, the British pound, and the U.S. dollar.