Equity asset valuation
Jerald E. Pinto
Bok · Engelsk · 2020
| Omfang | 688 sider ;
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| Utgave | Fourth edition.
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| Opplysninger | Previous edition: 2015.. - Chapter 1. Overview of equity securities -- Learning outcomes -- 1. Introduction -- 2. Equity securities in global financial markets -- 3. Types and characteristics of equity securities -- 4. Private versus public equity securities -- 5. Investing in non-domestic equity securities -- 6. Risk and return characteristics of equity securities -- 7. Equity securities and company value -- 8. Summary -- Chapter 2. Introduction to industry and company analysis -- Learning outcomes -- 1. Introduction -- 2. Uses of industry analysis -- 3. Approaches to identifying similar companies -- 4. Industry classification systems -- 5. Describing and analyzing an industry -- 6. Company analysis -- 7. Summary -- Chapter 3. Equity valuation: concepts and basic tools -- Learning outcomes -- 1. Introduction -- 2. Estimated value and market price -- 3. Major categories of equity valuation models -- 4. present value models: the dividend discount model -- 5. Multiplier models -- 6. Asset-based valuation -- 7. Summary --. - Chapter 4. Equity valuation: applications and processes -- Learning outcomes -- 1. Introduction -- 2. Value definitions and valuation applications -- 3. The valuation process -- 4. Communicating valuation results -- 5. Summary -- Chapter 5. Return concepts -- Learning outcomes -- 1. Introduction -- 2. Return concepts -- 3. The equity risk premium -- 4. The required return on equity -- 5. The weighted average cost of capital -- 6. Discount rate selection in relation to cash flows -- 7. Summary -- Chapter 6. Industry and company analysis -- Learning outcomes -- 1. Introduction -- 2. Financial modeling: an overview -- 3. The impact of competitive factors on prices and costs -- 4. Inflation and deflation -- 5. Technological developments -- 6. Long-term forecasting -- 7. Building a model -- 8. Summary --. - Chapter 7. Discounted dividend valuation -- Learning outcomes -- 1. Introduction -- 2. Present value models -- 3. The dividend discount model -- 4. The Gordon growth model -- 5. Multistage dividend discount models -- 6. The financial determinants of growth rates -- 7. Summary -- Chapter 8. Free cash flow valuation -- Learning outcomes -- 1. Introduction to free cash flows -- 2. FCFF and FCFE valuation approaches -- 3. Forecasting free cash flow -- 4. Free cash flow model variations -- 5. Nonoperating assets and firm value -- 6. Summary -- Chapter 9. Market-based valuation: price and enterprise value multiples -- Learning outcomes -- 1. Introduction -- 2. Price and enterprise value multiples in valuation -- 3. Price multiples -- 4. Enterprise value multiples -- 5. International considerations when using multiples -- 6. Momentum valuation indicators -- 7. Valuation indicators: issues in practice -- 8. Summary --. - Chapter 10. Residual income valuation -- Learning outcomes -- 1. Introduction -- 2. Residual income -- 3. The residual income model -- 4. Residual income valuation in relation to other approaches -- 5. Accounting and international considerations -- 6. Summary -- Chapter 11. Private company valuation -- Learning outcomes -- 1. Introduction -- 2. The scope of private company valuation -- 3. Definitions (standards) of value -- 4. Private company valuation approaches -- 5. Summary.
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| Dewey | |
| ISBN | 9781119628101
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