Determining Value

Valuation Models and Financial Statements

Richard Barker

228 pages, parution le 20/02/2004

Ajouter à une liste

Indisponible

Résumé

Final year undergraduates of business, finance students, MBA and Postgraduate students of business and/or finance. It will also be of keen interest to professional practising financial analysts. This book is about the methods used to value companies. Valuation methods such as the price - earnings ratio, dividend yield and EVA are found frequently in stockholder reports and financial press and there has been an explosion of interest in 'shareholder value' in recent years with a corresponding need to understand how value is created and measured. The book contains both the analytical review of valuation models and also evaluation of the data available for use in valuation models. This is the first time that this information has been available in a textbook and been academically and critically evaluated.

Covers why accounting information is useful in the valuation of shares, the relative strengths and weaknesses of alternative valuation models such as the price-earnings ratio, return on capital employed, and economic value added.
Shows how alternative valuation models can be reconciled to one another within a theoretically sound valuation framework.
Shows how creative accounting can affect valuation.
Three parts cover the fundamentals of accounting and finance, valuation models and stock market practice.
Extensive use of examples and diagrams to illustrate key concepts.
Each chapter contains a summary of key learning points.
Comprehensive overview of valuation methods
Unique integration of the theory of valuation and the practice of financial statement analysis
Extracts from the Financial Times with a linking paragraph to reinforce relevance to practice
Simple numerical examples to support all stages of analysis
Draws upon author's experience of working with financial market practitioners.

L'auteur - Richard Barker

RICHARD BARKER is a Senior Vice President of VERITAS Software Corporation. Previously he was Senior Vice President of Product Division in both OpenVision Technologies and Oracle Corporation. He is also the author of three books on systems engineering and a former board member of the Storage Area Networking Association.

Sommaire

The Design and Purpose of Accounting
The Essentials of Finance Theory
The Fundamental Value of a Share
Dividend Yield
Price-Earnings Ratio
Asset Values
Return on Capital Employed and Economic Value Added
Cash Flows and Shareholder Value Analysis
Cash Flow Return on Investment
What Valuation Methods does the Stock Market Use?
Is Practice Supported by Theory?

Voir tout

Replier

Caractéristiques techniques

	PAPIER
Éditeur(s)	Prentice Hall
Auteur(s)	Richard Barker
Parution	20/02/2004
Nb. de pages	228
Format	19 x 24,5
Couverture	Broché
Poids	470g
Intérieur	Noir et Blanc
EAN13	9780273639794
ISBN13	978-0-273-63979-4