Equity Valuation for Analysts and Investors introduces you to the
financial statement analysis and model-building methodology used by leading equity
research firm Argus Research.
Written by Jim Kelleher, the company's director of research, the book offers the tools
for estimating individual equity cash value. These include a completely original and
proprietary valuation methodology, Peer Derived Value, which values an equity based on the
stock's current variation from its historical relation to a user-specifi ed peer group.
In a conveniently organized format, this in-depth guide covers all the tasks
you need to master, including:
• Financial statement modeling
• Comparables analysis
• Discounted free cash flow
• Industry matrix models
• Blending valuation inputs to calculate fair value in any market environment
Valuing and predicting the future value of assets and stocks is a laborious task.
Successful analysts and investors don't have time for tedious work that is outdated as
soon as it's done.
Equity Valuation for Analysts and Investors is the comprehensive guide to efficient
financial statement analysis and model-building from one of the world-leading independent
equity research firms, Argus Research.
At the helm of the company's research is author Jim Kelleher, who developed his
methodology and model-building techniques during his twenty years covering more than a
dozen industries in nearly every sector.
A good valuation model is an invaluable tool to help the serious investor:
- Wring more information from the 10-K and 10-Q
- Predict unexpected earnings shortfall or positive earnings surprises
- Master the art of "valuation choreography"
One of the biggest challenges to making accurate predictions with a valuation model
today is the rapid and constant fluctuation of data. Equity Valuation for Analysts and
Investors provides a tried-and-true process for creating effective, compact models that
add new measurement and valuation periods and accommodate a company’s unique data
presentation and reporting style.
This versatile guidebook also provides both a rigorous process and a shortcut for each
step in modeling financial statement data so analysts can customize their data focus based
on their position in the value chain. When implemented in the real world, the valuation
model uses the power of Excel to allow investors to quickly and accurately update their
valuations and predictions by simply inputting adjusted data.
Take control of your investments now by managing them based on your own
research and Equity Valuation for Analysts and Investors.
Table of Contents
Overview;
Chapter One. Assessing the Ground;
Chapter Two. Financial Statement Modeling;
Chapter Three. Comparables Analysis;
Chapter Four. Discounted Free Cash Flow;
Chapter Five. Industry Matrix Models;
Chapter Six. Peer Calculated Value;
Chapter Seven. Calculating Fair Value;
Chapter Eight. Constructing and Managing Equity Portfolios;
Conclusion
400 pages, Hardcover