- Wydawnictwo: McGraw-Hill
- Data wydania: 15 maja 2007
- Russell Lundholm
- Richard Sloan
Equity Analysis and Valuation with eVal closes the gap between the theoretical treatment of equity valuation and the actual practice of valuing a company using real-world data. While the underlying theories of financial analysis and valuation are given their due, the goal is always to answer the question, “What is this company really worth?”.
Equity Analysis and Valuation with eVal takes the view that sound forecasts of the future financial statements are the key input to a good valuation, and that most other aspects of the valuation process are mechanical and best left to computers to solve. To that end, the book includes eVal, an Excel-based software application that guides the user through the forecasting and valuation processes while taking care of the minute details of valuation computations. By providing a unified interface for the valuation process, eVal allows you to focus on the forecasting, not on the spreadsheet. eVal also includes financial data for over 8,000 companies along with links to company websites, SEC filings, forecasts and other great sources of data to improve the user’s forecasts.
Table of contents
Part One1. Introduction2. Information Collection3. Understanding the Business4. Accounting Analysis5. Financial Ratio Analysis6. Cash Flow Analysis7. Structured Forecasting8. Forecasting Details9. The Cost of Capital10. Valuation11. Valuation Ratios12. Some ComplicationsPart Two1. AOL Time Warner Merger2. The Valuation of Amazon.com in June 20013. Turnaround at Bally Total Fitness4. Boston Chicken, Inc.5. Four Valuation Models-One Value6. EnCom Corporation7. GAAP versus the Street: Three Cases of Conflicting Quarterly Earnings Announcements8. The Home Depot, Inc.9. Evaluation Intel’s Earnings Torpedo10. Interpreting Margin and Turnover Ratios11. Netflix, Inc.12. Overstock.com13. Pre-Paid Legal Services14. Determinants of Valuation Ratios: The Restaurant Industry in 200315. Forecasting for the Love Boat: Royal Caribbean Cruises in 199816. Can Salton Swing?17. A Tale of Two Movie TheatersAppendix AAppendix BAppendix CAppendix DIndex