Author: Rattan Joneja
Publisher: Notion Press
ISBN: 9781639976928
Category : Business & Economics
Languages : en
Pages : 196
Book Description
Valuation Empowers Us 'The Stock Market is filled with individuals who know the price of everything but the value of nothing', were the wise words by Philip Fischer. It is tough to capture the returns offered by the Stock Market, without making a distinction between price and value. This book helps you understand Intrinsic Valuation or Discounted Cash Flow Valuation and apply them for superior returns. The book explains how business valuation empowers people to gain insights and control in the realm of investing and value creation and elucidates the Art of Business Valuation. Together with the key growth drivers of any given stock, and explaining the concepts with real-world examples, the book has 17 different Stories of how celebrated investors like Warren Buffett, George Soros, Peter Lynch, etc, conducted stock market analysis and analyzed value drivers to create huge wealth. This book takes you on a powerful journey of learning about intrinsic valuation. You'll Learn: The quintessence of successful investment is to understand the worth of a company. The book teaches, explains, and elucidates the process of Intrinsic Valuation and helps you become an intelligent investor and a stock market wizard. A simple method to compute Expected Market Returns (EMR) is used in the computation of Cost of Capital under the Capital Asset Pricing Model (CAPM). S&P 500 was researched for over 100 Years to understand what returns should Stock Market Investors expect in the long-term. The EMR is one of the most important variables in Corporate Finance. Whether you are interested in earning superior returns on your investments in securities or creating value in your company - now is the time to learn. Learning how to value a business has limitless potential.
Value It Up: Simplifying the Art of Intrinsic Valuation
Author: Rattan Joneja
Publisher: Notion Press
ISBN: 9781639976928
Category : Business & Economics
Languages : en
Pages : 196
Book Description
Valuation Empowers Us 'The Stock Market is filled with individuals who know the price of everything but the value of nothing', were the wise words by Philip Fischer. It is tough to capture the returns offered by the Stock Market, without making a distinction between price and value. This book helps you understand Intrinsic Valuation or Discounted Cash Flow Valuation and apply them for superior returns. The book explains how business valuation empowers people to gain insights and control in the realm of investing and value creation and elucidates the Art of Business Valuation. Together with the key growth drivers of any given stock, and explaining the concepts with real-world examples, the book has 17 different Stories of how celebrated investors like Warren Buffett, George Soros, Peter Lynch, etc, conducted stock market analysis and analyzed value drivers to create huge wealth. This book takes you on a powerful journey of learning about intrinsic valuation. You'll Learn: The quintessence of successful investment is to understand the worth of a company. The book teaches, explains, and elucidates the process of Intrinsic Valuation and helps you become an intelligent investor and a stock market wizard. A simple method to compute Expected Market Returns (EMR) is used in the computation of Cost of Capital under the Capital Asset Pricing Model (CAPM). S&P 500 was researched for over 100 Years to understand what returns should Stock Market Investors expect in the long-term. The EMR is one of the most important variables in Corporate Finance. Whether you are interested in earning superior returns on your investments in securities or creating value in your company - now is the time to learn. Learning how to value a business has limitless potential.
Publisher: Notion Press
ISBN: 9781639976928
Category : Business & Economics
Languages : en
Pages : 196
Book Description
Valuation Empowers Us 'The Stock Market is filled with individuals who know the price of everything but the value of nothing', were the wise words by Philip Fischer. It is tough to capture the returns offered by the Stock Market, without making a distinction between price and value. This book helps you understand Intrinsic Valuation or Discounted Cash Flow Valuation and apply them for superior returns. The book explains how business valuation empowers people to gain insights and control in the realm of investing and value creation and elucidates the Art of Business Valuation. Together with the key growth drivers of any given stock, and explaining the concepts with real-world examples, the book has 17 different Stories of how celebrated investors like Warren Buffett, George Soros, Peter Lynch, etc, conducted stock market analysis and analyzed value drivers to create huge wealth. This book takes you on a powerful journey of learning about intrinsic valuation. You'll Learn: The quintessence of successful investment is to understand the worth of a company. The book teaches, explains, and elucidates the process of Intrinsic Valuation and helps you become an intelligent investor and a stock market wizard. A simple method to compute Expected Market Returns (EMR) is used in the computation of Cost of Capital under the Capital Asset Pricing Model (CAPM). S&P 500 was researched for over 100 Years to understand what returns should Stock Market Investors expect in the long-term. The EMR is one of the most important variables in Corporate Finance. Whether you are interested in earning superior returns on your investments in securities or creating value in your company - now is the time to learn. Learning how to value a business has limitless potential.
Investment Valuation
Author: Aswath Damodaran
Publisher: John Wiley & Sons
ISBN: 9780471414902
Category : Business & Economics
Languages : en
Pages : 1014
Book Description
Valuation is a topic that is extensively covered in business degree programs throughout the country. Damodaran's revisions to "Investment Valuation" are an addition to the needs of these programs.
Publisher: John Wiley & Sons
ISBN: 9780471414902
Category : Business & Economics
Languages : en
Pages : 1014
Book Description
Valuation is a topic that is extensively covered in business degree programs throughout the country. Damodaran's revisions to "Investment Valuation" are an addition to the needs of these programs.
Capital Compounders
Author: Robin Speziale
Publisher: Robin R. Speziale
ISBN: 1720210802
Category : Business & Economics
Languages : en
Pages : 289
Book Description
FROM NATIONAL BESTSELLING AUTHOR ROBIN R. SPEZIALE – LEARN HOW TO MAKE MONEY INVESTING IN GROWTH STOCKS In Capital Compounders, DIY Investor & National Bestselling Author Robin R. Speziale makes it easy for anyone to beat the market and make money investing in growth stocks! Robin R. Speziale shares his journey building a $300,000+ stock portfolio before 30 (and how you can too!) by investing in growth stocks or “Capital Compounders” – stocks that double, and then double again, and again on the market. Capital Compounder stocks have achieved the “tenbagger” ($1 turns into $10), and some even the “100-bagger” ($1 turns into $100) status. Mr. Speziale discusses the commonalities of today’s market-beating growth stocks so that you can find the next ones in the future. WHAT YOU WILL LEARN IN THE BOOK: How you can turn $0 into $300,000 (and more) by saving, and then investing in growth stocksWhy growth investing is better than value investingWhat top growth stocks (“Capital Compounders”) have in common72 Rules for investing stocks; winning in the market, and managing a portfolioActual examples of tenbagger (10x return) and 100-bagger (100x return) stocks75+ events, and corporate developments that move stocksHow a hedge fund manager achieved a 24% compound annual return (since 1998!)50+ predictions for the futureExclusive interviews with a small-cap technology analyst, and a growth hedge fund managerHow to decode market psychology, and control your own behavioural biasesGrowth investing strategies from the world's top growth investorsDaily routine – how to stay on top of the stock market, and find new growth ideas100+ Free DIY investor resources (all of my favourites!)PLUS – FREE Investment Newsletter Subscription (inside the book) Capital Compounders is for both budding and seasoned investors. It’s entertaining (because finance can be dry), and includes lots of easy-to-learn tips and strategies on growth investing that you can apply in the stock market. Robin R. Speziale is a DIY Investor and Globe and Mail National Bestselling Author; Market Masters (2016). He's been investing in the stock market since 2005, and built a $300,000+ portfolio before 30. Mr. Speziale lives in Toronto, Ontario. Visit RobinRSpeziale.com and email Robin – [email protected].
Publisher: Robin R. Speziale
ISBN: 1720210802
Category : Business & Economics
Languages : en
Pages : 289
Book Description
FROM NATIONAL BESTSELLING AUTHOR ROBIN R. SPEZIALE – LEARN HOW TO MAKE MONEY INVESTING IN GROWTH STOCKS In Capital Compounders, DIY Investor & National Bestselling Author Robin R. Speziale makes it easy for anyone to beat the market and make money investing in growth stocks! Robin R. Speziale shares his journey building a $300,000+ stock portfolio before 30 (and how you can too!) by investing in growth stocks or “Capital Compounders” – stocks that double, and then double again, and again on the market. Capital Compounder stocks have achieved the “tenbagger” ($1 turns into $10), and some even the “100-bagger” ($1 turns into $100) status. Mr. Speziale discusses the commonalities of today’s market-beating growth stocks so that you can find the next ones in the future. WHAT YOU WILL LEARN IN THE BOOK: How you can turn $0 into $300,000 (and more) by saving, and then investing in growth stocksWhy growth investing is better than value investingWhat top growth stocks (“Capital Compounders”) have in common72 Rules for investing stocks; winning in the market, and managing a portfolioActual examples of tenbagger (10x return) and 100-bagger (100x return) stocks75+ events, and corporate developments that move stocksHow a hedge fund manager achieved a 24% compound annual return (since 1998!)50+ predictions for the futureExclusive interviews with a small-cap technology analyst, and a growth hedge fund managerHow to decode market psychology, and control your own behavioural biasesGrowth investing strategies from the world's top growth investorsDaily routine – how to stay on top of the stock market, and find new growth ideas100+ Free DIY investor resources (all of my favourites!)PLUS – FREE Investment Newsletter Subscription (inside the book) Capital Compounders is for both budding and seasoned investors. It’s entertaining (because finance can be dry), and includes lots of easy-to-learn tips and strategies on growth investing that you can apply in the stock market. Robin R. Speziale is a DIY Investor and Globe and Mail National Bestselling Author; Market Masters (2016). He's been investing in the stock market since 2005, and built a $300,000+ portfolio before 30. Mr. Speziale lives in Toronto, Ontario. Visit RobinRSpeziale.com and email Robin – [email protected].
The Dark Side of Valuation
Author: Aswath Damodaran
Publisher: FT Press
ISBN: 0137036558
Category : Business & Economics
Languages : en
Pages : 604
Book Description
Renowned valuation expert Aswath Damodaran reviews the core tools of valuation, examines today’s most difficult estimation questions and issues, and then systematically addresses the valuation challenges that arise throughout a firm’s lifecycle in The Dark Side of Valuation: Valuing Young, Distressed and Complex Businesses. In this thoroughly revised edition, he broadens his perspective to consider all companies that resist easy valuation, highlighting specific types of hard-to-value firms, including commodity firms, cyclical companies, financial services firms, organizations dependent on intangible assets, and global firms operating diverse businesses. He covers the entire corporate lifecycle, from “idea” and “nascent growth” companies to those in decline and distress, and offers specific guidance for valuing technology, human capital, commodity, and cyclical firms. ·
Publisher: FT Press
ISBN: 0137036558
Category : Business & Economics
Languages : en
Pages : 604
Book Description
Renowned valuation expert Aswath Damodaran reviews the core tools of valuation, examines today’s most difficult estimation questions and issues, and then systematically addresses the valuation challenges that arise throughout a firm’s lifecycle in The Dark Side of Valuation: Valuing Young, Distressed and Complex Businesses. In this thoroughly revised edition, he broadens his perspective to consider all companies that resist easy valuation, highlighting specific types of hard-to-value firms, including commodity firms, cyclical companies, financial services firms, organizations dependent on intangible assets, and global firms operating diverse businesses. He covers the entire corporate lifecycle, from “idea” and “nascent growth” companies to those in decline and distress, and offers specific guidance for valuing technology, human capital, commodity, and cyclical firms. ·
The Art of Company Valuation and Financial Statement Analysis
Author: Nicolas Schmidlin
Publisher: John Wiley & Sons
ISBN: 1118843096
Category : Business & Economics
Languages : en
Pages : 275
Book Description
The Art of Company Valuation and Financial Statement Analysis: A value investor’s guide with real-life case studies covers all quantitative and qualitative approaches needed to evaluate the past and forecast the future performance of a company in a practical manner. Is a given stock over or undervalued? How can the future prospects of a company be evaluated? How can complex valuation methods be applied in practice? The Art of Company Valuation and Financial Statement Analysis answers each of these questions and conveys the principles of company valuation in an accessible and applicable way. Valuation theory is linked to the practice of investing through financial statement analysis and interpretation, analysis of business models, company valuation, stock analysis, portfolio management and value Investing. The book’s unique approach is to illustrate each valuation method with a case study of actual company performance. More than 100 real case studies are included, supplementing the sound theoretical framework and offering potential investors a methodology that can easily be applied in practice. Written for asset managers, investment professionals and private investors who require a reliable, current and comprehensive guide to company valuation, the book aims to encourage readers to think like an entrepreneur, rather than a speculator, when it comes to investing in the stock markets. It is an approach that has led many to long term success and consistent returns that regularly outperform more opportunistic approaches to investment.
Publisher: John Wiley & Sons
ISBN: 1118843096
Category : Business & Economics
Languages : en
Pages : 275
Book Description
The Art of Company Valuation and Financial Statement Analysis: A value investor’s guide with real-life case studies covers all quantitative and qualitative approaches needed to evaluate the past and forecast the future performance of a company in a practical manner. Is a given stock over or undervalued? How can the future prospects of a company be evaluated? How can complex valuation methods be applied in practice? The Art of Company Valuation and Financial Statement Analysis answers each of these questions and conveys the principles of company valuation in an accessible and applicable way. Valuation theory is linked to the practice of investing through financial statement analysis and interpretation, analysis of business models, company valuation, stock analysis, portfolio management and value Investing. The book’s unique approach is to illustrate each valuation method with a case study of actual company performance. More than 100 real case studies are included, supplementing the sound theoretical framework and offering potential investors a methodology that can easily be applied in practice. Written for asset managers, investment professionals and private investors who require a reliable, current and comprehensive guide to company valuation, the book aims to encourage readers to think like an entrepreneur, rather than a speculator, when it comes to investing in the stock markets. It is an approach that has led many to long term success and consistent returns that regularly outperform more opportunistic approaches to investment.
Equity Valuation: Science, Art, or Craft?
Author: Frank J. Fabozzi
Publisher: CFA Institute Research Foundation
ISBN: 1944960341
Category : Business & Economics
Languages : en
Pages : 234
Book Description
The price at which a stock is traded in the market reflects the ability of the firm to generate cash flow and the risks associated with generating the expected future cash flows. The authors point to the limits of widely used valuation techniques. The most important of these limits is the inability to forecast cash flows and to determine the appropriate discount rate. Another important limit is the inability to determine absolute value. Widely used valuation techniques such as market multiples - the price-to-earnings ratio, firm value multiples or a use of multiple ratios, for example - capture only relative value, that is, the value of a firm's stocks related to the value of comparable firms (assuming that comparable firms can be identified). The study underlines additional problems when it comes to valuing IPOs and private equity: Both are sensitive to the timing of the offer, suffer from information asymmetry, and are more subject to behavioral elements than is the case for shares of listed firms. In the case of IPOs in particular, the authors discuss how communication strategies and media hype play an important role in the IPO valuation/pricing process.
Publisher: CFA Institute Research Foundation
ISBN: 1944960341
Category : Business & Economics
Languages : en
Pages : 234
Book Description
The price at which a stock is traded in the market reflects the ability of the firm to generate cash flow and the risks associated with generating the expected future cash flows. The authors point to the limits of widely used valuation techniques. The most important of these limits is the inability to forecast cash flows and to determine the appropriate discount rate. Another important limit is the inability to determine absolute value. Widely used valuation techniques such as market multiples - the price-to-earnings ratio, firm value multiples or a use of multiple ratios, for example - capture only relative value, that is, the value of a firm's stocks related to the value of comparable firms (assuming that comparable firms can be identified). The study underlines additional problems when it comes to valuing IPOs and private equity: Both are sensitive to the timing of the offer, suffer from information asymmetry, and are more subject to behavioral elements than is the case for shares of listed firms. In the case of IPOs in particular, the authors discuss how communication strategies and media hype play an important role in the IPO valuation/pricing process.
Grow the Pie
Author: Alex Edmans
Publisher: Cambridge University Press
ISBN: 1009062719
Category : Business & Economics
Languages : en
Pages : 541
Book Description
Should companies be run for profit or purpose? This book shows how they can deliver both-based on rigorous evidence and an actionable framework. This edition, updated to include the pandemic and latest research, explains how managers, investors and citizens can put purpose into practice-and overcome the difficult trade-offs that hold them back.
Publisher: Cambridge University Press
ISBN: 1009062719
Category : Business & Economics
Languages : en
Pages : 541
Book Description
Should companies be run for profit or purpose? This book shows how they can deliver both-based on rigorous evidence and an actionable framework. This edition, updated to include the pandemic and latest research, explains how managers, investors and citizens can put purpose into practice-and overcome the difficult trade-offs that hold them back.
Equity Valuation
Author: Jan Viebig
Publisher: John Wiley & Sons
ISBN: 0470758805
Category : Business & Economics
Languages : en
Pages : 438
Book Description
Equity Valuation: Models from the Leading Investment Banks is a clear and reader-friendly guide to how today’s leading investment banks analyze firms. Editors Jan Viebig and Thorsten Poddig bring together expertise from UBS, Morgan Stanley, DWS Investment GmbH and Credit Suisse, providing a unique analysis of leading equity valuation models, from the very individuals who use them. Filled with real world insights, practical examples and theoretical approaches, the book will examine the strengths and weaknesses of some of the leading valuation approaches, helping readers understand how analysts: · estimate cash flows · calculate discount rates · adjust for accounting distortions · take uncertainty into consideration Written for investment professionals, corporate managers and anyone interested in developing their understanding of this key area, Equity Valuation: Models from the Leading Investment Banks will arm readers with the latest thinking and depth of knowledge necessary to make the right decisions in their valuation methodologies.
Publisher: John Wiley & Sons
ISBN: 0470758805
Category : Business & Economics
Languages : en
Pages : 438
Book Description
Equity Valuation: Models from the Leading Investment Banks is a clear and reader-friendly guide to how today’s leading investment banks analyze firms. Editors Jan Viebig and Thorsten Poddig bring together expertise from UBS, Morgan Stanley, DWS Investment GmbH and Credit Suisse, providing a unique analysis of leading equity valuation models, from the very individuals who use them. Filled with real world insights, practical examples and theoretical approaches, the book will examine the strengths and weaknesses of some of the leading valuation approaches, helping readers understand how analysts: · estimate cash flows · calculate discount rates · adjust for accounting distortions · take uncertainty into consideration Written for investment professionals, corporate managers and anyone interested in developing their understanding of this key area, Equity Valuation: Models from the Leading Investment Banks will arm readers with the latest thinking and depth of knowledge necessary to make the right decisions in their valuation methodologies.
Franchise Value
Author: Martin L. Leibowitz
Publisher: John Wiley & Sons
ISBN: 0471686506
Category : Business & Economics
Languages : en
Pages : 513
Book Description
A modern approach to equity valuation Understanding the key ingredients that combine to affect price/earnings (P/Es) is of crucial importance to the investment process. In Franchise Value, Martin Leibowitz tackles the imposing task of determining what really has an impact on P/Es. The author shows why he subscribes to the conventional logic that the P/E gauges the market's assessment of the firm's future. He then introduce readers to the franchise-value approach to analyzing the prospective cash flows that determine a company's P/E. The franchise-value approach to valuation enables the analyst or investor to break the firm into two key component parts and to value those components. The franchise value approach is original and insightful, and with this book, readers can begin to implement this approach to perform better equity valuations. Martin L. Leibowitz, PhD (Stamford, CT), is Vice Chair and Chief Investment Officer at TIAA-CREF, where he is responsible for the overall management of all TIAA-CREF investments. He has authored several books and more than 130 articles, nine of which have received a Financial Analysts Journal Graham and Dodd Award of Excellence.
Publisher: John Wiley & Sons
ISBN: 0471686506
Category : Business & Economics
Languages : en
Pages : 513
Book Description
A modern approach to equity valuation Understanding the key ingredients that combine to affect price/earnings (P/Es) is of crucial importance to the investment process. In Franchise Value, Martin Leibowitz tackles the imposing task of determining what really has an impact on P/Es. The author shows why he subscribes to the conventional logic that the P/E gauges the market's assessment of the firm's future. He then introduce readers to the franchise-value approach to analyzing the prospective cash flows that determine a company's P/E. The franchise-value approach to valuation enables the analyst or investor to break the firm into two key component parts and to value those components. The franchise value approach is original and insightful, and with this book, readers can begin to implement this approach to perform better equity valuations. Martin L. Leibowitz, PhD (Stamford, CT), is Vice Chair and Chief Investment Officer at TIAA-CREF, where he is responsible for the overall management of all TIAA-CREF investments. He has authored several books and more than 130 articles, nine of which have received a Financial Analysts Journal Graham and Dodd Award of Excellence.
The Valuation Handbook
Author: Rawley Thomas
Publisher: John Wiley & Sons
ISBN: 0470385790
Category : Business & Economics
Languages : en
Pages : 657
Book Description
The definitive guide to valuation written by a who's who of today's top practitioners The Valuation Handbook differs significantly from other related books on this topic because the contributors are practitioners, academics, and investment firms that explain how they value companies and other assets. It concentrates on specific and innovative valuation techniques, rather than the theoretical approaches more generally accepted and discussed. Given the extreme volatility of the stock market, valuation is a critical issue for analysts, investors, and businesses. Here, various professional contributors explain how their firms approach the valuation process, while academic contributors share their valuation consulting and research experience. Examines how to value assets in today's dynamic market setting Offers a broad spectrum of ideas from some of the top practitioners and academics in this field Highlights state-of-the-art approaches to company valuation Filled with in-depth insights and expert advice, The Valuation Handbook puts this difficult discipline in perspective.
Publisher: John Wiley & Sons
ISBN: 0470385790
Category : Business & Economics
Languages : en
Pages : 657
Book Description
The definitive guide to valuation written by a who's who of today's top practitioners The Valuation Handbook differs significantly from other related books on this topic because the contributors are practitioners, academics, and investment firms that explain how they value companies and other assets. It concentrates on specific and innovative valuation techniques, rather than the theoretical approaches more generally accepted and discussed. Given the extreme volatility of the stock market, valuation is a critical issue for analysts, investors, and businesses. Here, various professional contributors explain how their firms approach the valuation process, while academic contributors share their valuation consulting and research experience. Examines how to value assets in today's dynamic market setting Offers a broad spectrum of ideas from some of the top practitioners and academics in this field Highlights state-of-the-art approaches to company valuation Filled with in-depth insights and expert advice, The Valuation Handbook puts this difficult discipline in perspective.