Equity Valuation for Analysts and Investors

Create comprehensive stock valuation models--quickly and efficiently

"This amazingly thorough book takes you through real-world 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 investor'slibrary." -- William V. Campbell, Chairman, Intuit Corporation
Equity Valuation for Analysts and Investors introduces you to the financial statement analysis and model-building methodology used by leading equity research firm Argus Research. Written by Jim Kelleher, the company's 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 stock's current variation from its historical relation to a user-specifi ed peer group.
In a conveniently organized format, this in-depth 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 environment
Valuing and predicting the future value of assets and stocks is a laborious task. Successful analysts andinvestors don't have time for tedious work that is outdated as soon as it's done.
Equity Valuation for Analysts and Investors isthe comprehensive guide to efficient financialstatement analysis and model-building from one of the world-leading independent equity research firms, Argus Research.
At the helm of the company's research is author Jim Kelleher, who developed his methodology and model-building techniques during his twenty years covering more thana dozen industries in nearly every