Equity Asset Valuation Workbook, Fourth Edition provides the key component of effective learning: practice. This companion workbook conveniently aligns with the text chapter-by-chapter, provides brief chapter summaries to refresh your memory on key points before you begin working, and explicitly lays out the learning objectives so you understand the "why" of each problem. These features reinforce essential theories and their practical application, assist you in gaining proficiency in the core concepts behind these theories, and accurately determine when and how to implement them. Those who self study will find solutions to all exercise problems. This workbook lets you:

• Refresh your memory with succinct chapter summaries
• Enhance your understanding with topic-specific practice problems
• Work toward explicit chapter objectives to internalize key information
• Practice important techniques with real-world applications

For everyone who wants a practical route to mastering the general analysis of stock shares held by individuals and funds, Equity Asset Valuation Workbook, Fourth Edition lives up to its reputation for clarity and world-class practice based on actual scenarios investors face every day.

Klappentext

Equity Asset Valuation Workbook, Fourth Edition provides the key component of effective learning: practice. This companion workbook conveniently aligns with the text chapter-by-chapter, provides brief chapter summaries to refresh your memory on key points before you begin working, and explicitly lays out the learning objectives so you understand the "why" of each problem. These features reinforce essential theories and their practical application, assist you in gaining proficiency in the core concepts behind these theories, and accurately determine when and how to implement them. Those who self study will find solutions to all exercise problems. This workbook lets you:

• Refresh your memory with succinct chapter summaries
• Enhance your understanding with topic-specific practice problems
• Work toward explicit chapter objectives to internalize key information
• Practice important techniques with real-world applications
  For everyone who wants a practical route to mastering the general analysis of stock shares held by individuals and funds, Equity Asset Valuation Workbook, Fourth Edition lives up to its reputation for clarity and world-class practice based on actual scenarios investors face every day.

Inhalt

Part I Learning Objectives, Summary Overview, and Problems 1

Chapter 1 Overview of Equity Securities 3

Learning Outcomes 3

Summary Overview 3

Problems 5

Chapter 2 Introduction to Industry and Company Analysis 9

Learning Outcomes 9

Summary Overview 10

Problems 12

Chapter 3 Equity Valuation: Concepts and Basic Tools 17

Learning Outcomes 17

Summary Overview 18

Problems 19

Chapter 4 Equity Valuation: Applications and Processes 25

Learning Outcomes 25

Summary Overview 25

Problems 27

Chapter 5 Return Concepts 33

Learning Outcomes 33

Summary Overview 33

Problems 35

Chapter 6 Industry and Company Analysis 41

Learning Outcomes 41

Summary Overview 42

Problems 42

Chapter 7 Discounted Dividend Valuation 49

Learning Outcomes 49

Summary Overview 50

Problems 53

Chapter 8 Free Cash Flow Valuation 67

Learning Outcomes 67

Summary Overview 67

Problems 69

Chapter 9 Market-Based Valuation: Price and Enterprise Value Multiples 87

Learning Outcomes 87

Summary Overview 88

Problems 90

Chapter 10 Residual Income Valuation 103

Learning Outcomes 103

Summary Overview 103

Problems 105

Chapter 11 Private Company Valuation 115

Learning Outcomes 115

Summary Overview 116

Problems 117

Part II Solutions 125

Chapter 1 Overview of Equity Securities 127

Solutions 127

Chapter 2 Introduction to Industry and Company Analysis 129

Solutions 129

Chapter 3 Equity Valuation: Concepts and Basic Tools 133

Solutions 133

Chapter 4 Equity Valuation: Applications and Processes 137

Solutions 137

Chapter 5 Return Concepts 141

Solutions 141

Chapter 6 Industry and Company Analysis 147

Solutions 147

Chapter 7 Discounted Dividend Valuation 151

Solutions 151

Chapter 8 Free Cash Flow Valuation 167

Solutions 167

Chapter 9 Market-Based Valuation: Price and Enterprise Value Multiples 187

Solutions 187

Chapter 10 Residual Income Valuation 197

Solutions 197

Chapter 11 Private Company Valuation 211

Solutions 211

About the CFA Program 215