Vor Ort
Merkzettel Warenkorb
Produktbild: Valuation Using Financial Statements

Valuation Using Financial Statements

229,99 €

inkl. gesetzl. MwSt., Versandkostenfrei

Produktdetails

Einband

Taschenbuch

Erscheinungsdatum

15.05.2023

Gewicht

1161 g

Auflage

3rd edition

Sprache

Englisch

ISBN

978-1-61853-572-6

Produktdetails

Einband

Taschenbuch

Erscheinungsdatum

15.05.2023

Gewicht

1161 g

Auflage

3rd edition

Sprache

Englisch

ISBN

978-1-61853-572-6

Herstelleradresse

Libri GmbH
Europaallee 1
36244 Bad Hersfeld
DE

Email: gpsr@libri.de

Kundinnen und Kunden meinen

0 Bewertungen

Informationen zu Bewertungen

Zur Abgabe einer Bewertung ist eine Anmeldung im Konto notwendig. Die Authentizität der Bewertungen wird von uns nicht überprüft. Wir behalten uns vor, Bewertungstexte, die unseren Richtlinien widersprechen, entsprechend zu kürzen oder zu löschen.

Die Bewertungen sind nach Format, Anzahl Sterne und Datum sortiert.

Verfassen Sie die erste Bewertung zu diesem Artikel

Helfen Sie anderen Kund*innen durch Ihre Meinung

Kundinnen und Kunden meinen

0 Bewertungen filtern
  • Produktbild: Valuation Using Financial Statements
  • About the Authors
    Preface
    Chapter 1: The Link between Valuation and Financial Statement Analysis
    Why Valuation?
    Organization
    Understanding the Business and the Business Environment
    Summary
    Questions
    Multiple Choice
    Mini-Exercises
    Exercises
    Chapter 2: Role of Accounting
    Understanding the Relation between Accounting Earnings and Free Cash Flows
    Operating Versus Financial Activities
    Formalizing the Relation between Free Cash Flows and Accounting Numbers
    The Statement of Cash Flows
    Summary
    Appendix 2A: Financial Statement Articulation and Free Cash Flows
    Questions
    Multiple Choice
    Mini-Exercises
    Exercises
    Problems
    Chapter 3: Reformulation to Identify Operating Activities
    Separation of Operating and Financial Activities
    Identifying Net Operating Assets, NOA
    The Equity Section of the Balance Sheet
    Identifying Net Operating Profit after Tax, NOPAT
    Financial Statement Linkages
    Appendix 3A: A Detailed Example of Effects of Classification as Operating versus Financial Activities
    Appendix Summary
    Appendix References
    Questions
    Multiple Choice
    Mini-Exercises
    Exercises
    Chapter 4: Use of Additional Information to Enhance Reformulation
    Additional Information Related to Kooper Tire & Rubber's Balance Sheet
    Additional Information Related to Kooper Tire & Rubber's Income Statement
    More Information on Pension and Postretirement Benefits Other Than Pensions
    Appropriate Tax Rate Assumption for Reformulating Kooper Tire & Rubber
    Estimating the Cost of Debt Capital For Kooper Tire & Rubber
    Summary
    Appendix 4A: Detail on Incorporation of Additional Information
    Questions
    Multiple Choice
    Mini-Exercises
    Exercises
    Problems
    Chapter 5: Adjusting Accounting Information
    The Effect of Accounting Method Choices on Valuation Models
    Adjustment A: Inventory Method
    Adjustment B: Operating Leases
    Adjustment C: Special-Purpose Entities
    Adjustment D: Share-Based Compensation
    Reformulation Updated for Additional Information and Adjustments
    Appendix 5A: Operating Lease Adjustments under the Prior Standards
    Appendix 5B: Example of Accounting for Share-Based Compensation
    Questions
    Multiple Choice
    Mini-Exercises
    Exercises
    Problems
    Chapter 6: Analysis of Enterprise Operations
    Evaluating Sales Growth
    Evaluating Profitability of Operations
    Disaggregating Return on Net Operating Assets
    Trade-Off between Operating Profit Margin and Asset Turnover
    Evaluating Financial Activities
    Detailed Analysis of Operating Profit Margin
    Detailed Analysis of Operating Asset Turnover
    Understanding Profitability by Examining Other Companies
    The Mapping from Return on Net Operating Assets to Return on Equity
    Advantages and Disadvantages of Equity Versus Debt Financing
    Appendix 6A: Decomposition of Return on Equity (ROE)
    Appendix 6B: Critical Thinking in Ratio Analysis
    Questions
    Multiple Choice
    Mini-Exercises
    Exercises
    Problems
    Chapter 7: Full-Information Forecasting for Valuation
    Overview of the Forecasting Process
    The Roles of Sales Growth, PM, and ATO
    Limited-information Forecasting
    Compiling Limited-information Forecasts
    Introduction to Industry Analysis
    Moving from Limited-information to Full-Information Forecasting
    Preparing for Valuation
    Suspect Accounting
    Summary
    Questions
    Multiple Choice
    Mini-Exercises
    Exercises
    Problems
    Chapter 8: Market Multiple Valuation
    Use of Accounting Data in Market Multiples
    Calculating Market Multiples
    Implementing the Multiples Method for Valuing Kooper Tire & Rubber
    Price-to-Earnings Ratios Observed in Practice
    Valuation Using Other Multiples
    Consideration of EBITDA Multiples
    Combining Estimates from Differing Multiples
    The Product of a Multiples Valuation
    Perspective on Valuation Multiples and Fundamental Analysis
    Summary
    Questions
    Multiple Choice
    Mini-Exercises
    Exercises
    Chapter 9: Cost of Capital for Operations and Equity
    Estimating the Cost of Capital
    Diversifiable and Non-Diversifiable Risk
    Estimating Cost of Equity Capital Using the Capital Asset Pricing Model
    Cost of Debt Capital
    Computing the Cost of Capital for Operations
    Summary
    Appendix 9A: Estimating the Cost of Equity Capital
    Questions
    Multiple Choice
    Mini-Exercises
    Exercises
    Chapter 10: Valuation Using Forecasts of Cash Flows
    Valuation of a Savings Account and Illustration of the Concept of Time-Value of Money
    Cash Flow-Based Valuation of a Finite-Life Project
    The Free Cash Flow Valuation Model
    Forecasts of Free Cash Flows from Operations for Kooper Tire & Rubber
    The Use of Continuing Values in the Free Cash Flow Model
    Free Cash Flow Valuation of KOOPER TIRE & RUBBER'S Operations
    Summary
    Appendix 10A: Derivation of Continuing Values in the Free Cash Flow Model
    Questions
    Multiple Choice
    Mini-Exercises
    Exercises
    Problems
    Chapter 11: Valuation Using the Residual Operating Income Valuation Model
    Moving from Cash Flows to Accrual-Basis Accounting Data in Valuing a Finite-Life Project
    Derivation of the Residual Operating Income Valuation Model
    Project Valuation Using the Residual Operating Income Model
    Effects of Accounting Choices on the Residual Operating Income Model
    Determining Value Based on the Forecasts of Operations for Kooper Tire & Rubber
    The Use of Continuing Values in the Residual Operating Income Valuation Model
    Residual Operating Income Valuation of Kooper Tire & Rubber's Operations
    Summary
    Appendix 11A: Derivation of the Residual Operating Income Model
    Questions
    Multiple Choice
    Mini-Exercises
    Exercises
    Problems
    Chapter 12: Valuation Using the Abnormal Operating Income Growth Model
    Moving from Cash Flows to Accounting Data in Valuing a Finite-Life Project
    Derivation of the Abnormal Operating Income Growth Valuation Model
    Project Valuation Using the Abnormal Operating Income Growth Model
    Effects of Accounting Choices on the Abnormal Operating Income Growth Model
    Determining Value Based on the Forecasts of Operations for Kooper Tire & Rubber
    The Use of Continuing Values in the Abnormal Operating Income Growth Valuation Model
    Abnormal Operating Income Growth Valuation of Kooper Tire & Rubber's Operations Using Forecasts
    Summary
    Appendix 12A: Derivation of the Abnormal Operating Income Growth Model
    Questions
    Multiple Choice
    Mini-Exercises
    Exercises
    Problems
    Chapter 13: Valuation of Equity
    Calculating the Value of Equity from the Value of Operations
    Valuation Formulas for Equity
    Choosing between an Operations or Equity Valuation Model
    Midyear Adjustment
    Demonstration of Steps for Comparison of Value Estimate to Market Price
    Demonstration of Steps for Comparison of Value Estimate to Market Price
    Using Analysts' Forecasts as a Shortcut to Valuation
    Summary
    Questions
    Multiple Choice
    Mini-Exercises
    Exercises
    Problems
    Chapter 14: Steady State and Forecast Horizon
    Defining Steady State
    Implementation of Steady State
    Evaluating Valuation Models
    Choice of Steady State Growth
    Tying Market Multiples to Valuation Models
    Summary
    Questions
    Multiple Choice
    Mini-Exercises
    Exercises
    Quick Reference Guide for Chapters 1-14
    Index