Skip to content
Register Sign in Wishlist

Sources of Value
A Practical Guide to the Art and Science of Valuation


  • Date Published: May 2009
  • availability: Available
  • format: Hardback
  • isbn: 9780521519076

$ 206.00

Add to cart Add to wishlist

Other available formats:
Paperback, eBook

Looking for an inspection copy?

This title is not currently available for inspection. However, if you are interested in the title for your course we can consider offering an inspection copy. To register your interest please contact providing details of the course you are teaching.

Product filter button
About the Authors
  • Sources of Value is a comprehensive guide to financial decision making suitable for beginners as well as experienced practitioners. It treats financial decision making as both an art and a science and proposes a comprehensive approach through which companies can maximise their value. Beginners will benefit from its initial financial foundation section which builds strong basic skills. Practitioners will enjoy the new insights which the eponymous Sources of Value technique offers – where values come from and why some companies can expect to create it while others cannot. The book also introduces several other techniques which, together, spell out how to combine strategy with valuation and an understanding of accounts to make a fundamental improvement in the quality of corporate financial decision taking. Sources of Value is written in a readable conversational style and will appeal to those already working in companies as well as those studying on a business course.

    • Extremely practical, written by a pre-eminent practitioner, recognising that valuation requires mastery not just of techniques (science) but also an understanding of the strategic context (art)
    • Assumes no prior knowledge so appropriate for complete beginners, but has enough original ideas for practitioners to benefit from
    • Introduces two original new techniques - sources of value and abbreviated financial summary - along with numerous examples of how they can be applied for superior decision making
    Read more

    Reviews & endorsements

    'If you want to calculate present values, turn on a computer. If you want to understand present values, and also know how to know when a calculated value is likely to disappoint, read this book.' Stewart C. Myers, Massachusetts Institute of Technology

    'Recent problems in the financial sector, arising in part from the pursuit of growth without underlying value, should remind us of the importance of understanding the driving forces of value creation. Simon Woolley's Sources of Value approach throws light on this question in a deep yet practical way. The author is a thoughtful and experienced practitioner and his book draws on this to offer insights into the key features of value creating strategies. As well as providing a readily assimilable yet thorough grounding for beginners, Sources of Value contains nuggets which will be appreciated by the most seasoned of practitioners.' John Buchanan, Board member of AstraZeneca, BHPBilliton, Smith & Nephew, and Vodaphone, formally Group CFO, BP

    'I firmly believe that a sound grasp of the theoretical underpinnings improves decision making greatly. Simon Woolley's book offers real help here. It brings financial theory to life in a practical way and offers some deep and new insights into the topic of shareholder value creation.' Chris Gibson-Smith, Chairman, London Stock Exchange

    See more reviews

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity


    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?


    Product details

    • Date Published: May 2009
    • format: Hardback
    • isbn: 9780521519076
    • length: 642 pages
    • dimensions: 254 x 185 x 35 mm
    • weight: 1.4kg
    • availability: Available
  • Table of Contents

    List of figures
    Part I. The Financial Building Blocks:
    1. Economic value
    2. Financial markets
    3. Understanding accounts
    4. Planning and control
    5. Risk
    Part II. The Three Pillars of Financial Analysis: Overview
    6. Modelling economic value
    7. Sources of value
    8. What sets the share price? Where from, where to?
    Part III. Three Views of Deeper and Broader Skills:
    9. Cost of capital
    10. Valuing flexibility
    11. When value is not the objective
    Overall conclusions
    Appendices: I. Suggested answers to individual assignments
    II. Bibliography
    III. Glossary
    IV. Index
    V. Annotated bibliography.

  • Author

    Simon Woolley, Sources of Value Ltd
    Simon Woolley is a Fellow of the Judge Business School, University of Cambridge and Managing Director of Sources of Value Ltd. He has had a long career with the oil major BP, working in a number of roles related to investment valuation and financial training, culminating in the position of Distinguished Advisor - Financial Skills.

Sign In

Please sign in to access your account


Not already registered? Create an account now. ×

Sorry, this resource is locked

Please register or sign in to request access. If you are having problems accessing these resources please email

Register Sign in
Please note that this file is password protected. You will be asked to input your password on the next screen.

» Proceed

You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner Please see the permission section of the catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Continue ×

Find content that relates to you

Join us online

This site uses cookies to improve your experience. Read more Close

Are you sure you want to delete your account?

This cannot be undone.


Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

Please fill in the required fields in your feedback submission.