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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. To that end, the book employs eVal, an Excel-based workbook that guides the user through the forecasting and valuation processes while taking care of the mundane computations. By providing a unified interface for the valuation process, eVal allows you to focus on the forecasting, not on the spreadsheet. The book covers the topics of business strategy analysis, accounting analysis, financial analysis, forecasting and valuation and also alerts readers to common pitfalls encountered in equity valuation and analysis. The book also includes 23 illustrative cases.
作者簡介
Russell Lundholm
現職：University of British Columbia
Richard Sloan
現職：University of California
PART I: TEXT
Ch1 Introduction
Ch2 Information Collection
Ch3 Understanding the Business
Ch4 Accounting Analysis
Ch5 Financial Ratio Analysis
Ch6 Cash Flow Analysis
Ch7 Structured Forecasting
Ch8 Forecasting Details
Ch9 The Cost of Capital
Ch10 Valuation
Ch11 Valuation Ratios
Ch12 Some Complications
PART II: CASES
Case 1 The AOL-Time Warner Merger
Case 2 Apple and the iFad
Case 3 The Valuation of Amazon.com in June, 2001
Case 4 Turnaround at Bally Total Fitness?
Case 5 Boston Chicken, Inc.
Case 6 Encom Corporation
Case 7 Four Valuation Models – One Value
Case 8 The Gabelli Utility Trust
Case 9 The Home Depot, Inc.
Case 10 Evaluation Intel’s Earnings Torpedo
Case 11 Interpreting Margin and Turnover Rations
Case 12 Netflix, Inc.
Case 13 Overstock. Com
Case 14 Pre-paid Legal Services
Case 15 The Restaurant Industry in 2011
Case 16 Forecasting for the Love Boat: Royal Caribbean Cruises in 198
Case 17 Can Salton Swing?
Case 18 Sirius Satellite Radio, Inc.
Case 19 A Tale of Two Movie Theaters
Case 20 Building eVal
Case 21 Hogs and Chestnuts: Who Profits When the Chinese Eat?
Case 22 Create Your Own Standardized Data
Case 23 The 80 Minute Valuation
