Capital Market

Essay text:

Equity Analysis, 2nd edition examines all the essential techniques and teaches you how to apply them successfully. It incorporates sections on technical analysis and economic value-added valuation modules, and the principles behind equity anlaysis in the contexts of both companies and markets. This edition includes a module on valuing technology and service companies. You will: • learn how to interpret financial statements • know how to produce accurate and practical ratio analyses • learn how to most effectively analyse information to forecast the future Content Overview: • Introduction to equity analysis - equity and SWOT analysis, analytical approaches, and fundamental analysis framework • Financial statement analysis - accounting standards worldwide, inflation accounting, income statement, balance sheet assessment,and consolidated accounts • Financial ratio analysis - the analysis framework, efficiency, profitability, financial standing, investment and industry ratios, and limitations of ratio analysis • Equity valuation models - factors affecting share prices, basic valuation models: earnings and asset valuation, market capitalisation, historic and prospective data, advanced valuation models: earning valuation, shareholder value, capital asset pricing model, and pricing management options • Forecasting future perfomance - forecasting methodology, and value drivers Accessible yet detailed, 5 self-contained modules provides you with explanations of: • the principles behind equity analysis in the contexts of both the companies and markets; • of how to interpret financial statements; • how to produce accurate and practical ratio analyses; • how to successfully measure the key value drivers in a company; • valuing a company and its shares in order to maximise returns, including earnings valuations, asset valuation and the capital asset pricing model; and • how to most effectively analyse information to forecast the future • performance of a company by considering for example, the company's • management style and the effects of technological advances on an industry...