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 and can be purchased through the link above.
This book is based on PhD-level financial accounting research courses required as part of the accounting PhD studies at Stanford University Graduate School of Business. The book covers leading mainstream research studies in accounting, finance, and economics, with an emphasis on financial accounting. The book can be helpful for current/prospective PhD students and professors in the area who search for general references. It can also be used by general students and scholars who are interested in learning how accounting research studies look like. In addition, it can be helpful for managers, investment experts, and hedge fund professionals who want to get familiar with rigorous capital markets research and/or get general ideas about forming trading strategies based on such research. Purchase through the link above.