Equity Valuation for Analysts and Investors

Create comprehensive stock valuation modelsquickly and efficientlyThis amazingly thorough book takes you through realworld financial modeling, provides concise techniques and methods for determining asset value, and offers a blended valuation approach that is responsive to changes inmarket dynamics. Peer Derived Value, introduced in the book, represents an original and commonsense approach to valuing a stock within its peer group. This book, in my view, is an invaluable addition to any investorslibrary. William V. Campbell, Chairman, Intuit CorporationEquity Valuation for Analysts and Investors introduces you to the financial statement analysis and modelbuilding methodology used by leading equity research firm Argus Research. Written by Jim Kelleher, the companys director of research, the book offers thetools 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 stocks current variation from its historical relation to a userspecifi ed peer group.In a conveniently organized format, this indepth guide covers all the tasks you need to master, including: Financial statement modeling Comparables analysis Discounted free cash fl ow Industry matrix models Blending valuation inputs to calculate fair value in any market environmentValuing and predicting the future value of assets and stocks is a laborious task. Successful analysts andinvestors dont have time for tedious work that is outdated as soon as its done.Equity Valuation for Analysts and Investors isthe comprehensive guide to efficient financialstatement analysis and modelbuilding from one of the worldleading independent equity research firms, Argus Research.At the helm of the companys research is author Jim Kelleher, who developed his methodology and modelbuilding techniques during his twenty years covering more thana dozen industries in nearly every sector. A good valuation model is an invaluable tool to help the serious investor: Wring more information from the 10K and 10Q Predict unexpected earnings shortfall or positive earnings surprises Master the art of valuation choreographyOne 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 triedandtrue process for creating effective, compact models that add newmeasurement and valuation periods and accommodate a companys 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 thepower 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.