Discuss how fundamental value drivers impact firm value.

Fundamentals of Valuation Market Multiples is chapter, we also demonstrate reverse engineering share prices, a technique that enables you to in ssumptions the capital market appears to be making in pricing a particular share. In essence, revers neering share prices amounts to reversing the directions of the arrows in Figure 14.1, and beginning share price and working backward to deduce the market's expectations for future profitability, vth, and risk. In the last section of the chapter, we summarize a few key insights from the last 50 year