Applied Equity Analysis: Stock Valuation Techniques for Wall Street Professionals
Series: McGraw-Hill Library of Investment and Finance;
- Publisher's listprice GBP 92.99
-
44 425 Ft (42 310 Ft + 5% VAT)
The price is estimated because at the time of ordering we do not know what conversion rates will apply to HUF / product currency when the book arrives. In case HUF is weaker, the price increases slightly, in case HUF is stronger, the price goes lower slightly.
- Discount 10% (cc. 4 443 Ft off)
- Discounted price 39 983 Ft (38 079 Ft + 5% VAT)
Subcribe now and take benefit of a favourable price.
Subscribe
44 425 Ft
Availability
printed on demand
Why don't you give exact delivery time?
Delivery time is estimated on our previous experiences. We give estimations only, because we order from outside Hungary, and the delivery time mainly depends on how quickly the publisher supplies the book. Faster or slower deliveries both happen, but we do our best to supply as quickly as possible.
Product details:
- Publisher McGraw Hill
- Date of Publication 16 May 2001
- ISBN 9780071360517
- Binding Hardback
- No. of pages422 pages
- Size 233x165x36 mm
- Weight 730 g
- Language English 0
Categories
Short description:
Today's Most Comprehensive Practitioner's Guide to Modern Equity Analysis
Professional equity analysts must contend with a number of strong forces, each pulling in separate but equally relentless directions. Applied Equity Analysis ties these disparate elements into a seamless whole, and presents a clear, complete equity analysis picture.
Written from the working analyst's point of view, in a singularly candid style that is both thought provoking and illuminating, Applied Equity Analysis covers:
- How to think, speak, and develop investment recommendations in the language of Wall Street
- How competitive forces directly impact financial results and, in the process, drive stock valuation
- How to use valuation methodologies designed to quantify the growth and earnings assumptions inherent in speculative stock prices
Applied Equity Analysis emphasizes techniques that work on a day-to-day basis, rather than traditional but often impractical academic approaches. By combining a solid discussion of finance and investment theory with techniques popular among today's buy- and sell-side analysts, it presents a picture of stock investment analysis that is analytically rigorous, aggressively uncompromising, and based on earningsthe true driving force of Wall Street.
"The equity analyst's job is to present a position, supported by financial and non-financial evidence. Data unnecessary to the argument are, in a word, unnecessary. However, the analyst must understand all the data, relevant or not. The ultimate goal of the equity analyst is the exploitation of any difference between a stock's price and its value."
From Chapter 1
Applied Equity Analysis is about understanding all the data. Written by former JP Morgan managing director James Englishan adjunct professor of finance at the Columbia University School of Business, honored by The Wall Street Journal for his stock analysis skillsthis innovative book treats valuation as a practical tool rather than a theoretical exercise. Its integrated approach shows you how to build straight-line connections between a firm's fundamental competitive situation and its stock performance, by combining an understanding of a firm's competitive strengths and weaknesses with accurate financial statement analysisto build a more complete model of a firm's future stock market performance
Combining a solid discussion of finance and investment theory with techniques frequently used by working buy- and sell-side analysts, Applied Equity Analysis discusses:
- Specific valuation techniques for identifying stocks that are undervalued relative to their peers
- Quantitative techniques to link a firm's projected future financial performance to its potential future valuationbased upon the current trading patterns of comparable stocks
- A hybrid valuation technique to mathematically calculate a stock's inherent growth expectations
- A proven strategy for formulating and successfully presenting an investment recommendation
- An entire chapter on the Stern Stewart EVATM system as an alternativeand potentially usefulway of decoding financial statement information
- Relative and hybrid earnings-based valuation techniques that are more practical than cash-flow methodsand frequently far superior
On today's Wall Street, equity analysts must focus on a firm's ability to produce returns that exceed capital costs, and then estimate the firm's future power to maintain and increase those returns. Let Applied Equity Analysis supply you with in-depth examples and explanations of Wall Street's most important equity analysis toolsand give you a hands-on, real-world handbook for equity analysis in today's complex financial marketplace.
MoreLong description:
Today's Most Comprehensive Practitioner's Guide to Modern Equity Analysis
Professional equity analysts must contend with a number of strong forces, each pulling in separate but equally relentless directions. Applied Equity Analysis ties these disparate elements into a seamless whole, and presents a clear, complete equity analysis picture.
Written from the working analyst's point of view, in a singularly candid style that is both thought provoking and illuminating, Applied Equity Analysis covers:
- How to think, speak, and develop investment recommendations in the language of Wall Street
- How competitive forces directly impact financial results and, in the process, drive stock valuation
- How to use valuation methodologies designed to quantify the growth and earnings assumptions inherent in speculative stock prices
Applied Equity Analysis emphasizes techniques that work on a day-to-day basis, rather than traditional but often impractical academic approaches. By combining a solid discussion of finance and investment theory with techniques popular among today's buy- and sell-side analysts, it presents a picture of stock investment analysis that is analytically rigorous, aggressively uncompromising, and based on earningsthe true driving force of Wall Street.
"The equity analyst's job is to present a position, supported by financial and non-financial evidence. Data unnecessary to the argument are, in a word, unnecessary. However, the analyst must understand all the data, relevant or not. The ultimate goal of the equity analyst is the exploitation of any difference between a stock's price and its value."
From Chapter 1
Applied Equity Analysis is about understanding all the data. Written by former JP Morgan managing director James Englishan adjunct professor of finance at the Columbia University School of Business, honored by The Wall Street Journal for his stock analysis skillsthis innovative book treats valuation as a practical tool rather than a theoretical exercise. Its integrated approach shows you how to build straight-line connections between a firm's fundamental competitive situation and its stock performance, by combining an understanding of a firm's competitive strengths and weaknesses with accurate financial statement analysisto build a more complete model of a firm's future stock market performance
Combining a solid discussion of finance and investment theory with techniques frequently used by working buy- and sell-side analysts, Applied Equity Analysis discusses:
- Specific valuation techniques for identifying stocks that are undervalued relative to their peers
- Quantitative techniques to link a firm's projected future financial performance to its potential future valuationbased upon the current trading patterns of comparable stocks
- A hybrid valuation technique to mathematically calculate a stock's inherent growth expectations
- A proven strategy for formulating and successfully presenting an investment recommendation
- An entire chapter on the Stern Stewart EVATM system as an alternativeand potentially usefulway of decoding financial statement information
- Relative and hybrid earnings-based valuation techniques that are more practical than cash-flow methodsand frequently far superior
On today's Wall Street, equity analysts must focus on a firm's ability to produce returns that exceed capital costs, and then estimate the firm's future power to maintain and increase those returns. Let Applied Equity Analysis supply you with in-depth examples and explanations of Wall Street's most important equity analysis toolsand give you a hands-on, real-world handbook for equity analysis in today's complex financial marketplace.
More
