Tata McGraw - Hill Education
|Number of Pages
Dun and Bradstreet's Equity Research and Valuation 1st Edition is a book that provides in-depth explanation of the steps involved in securities evaluation. The booming economic growth of India has led to the success of Indian securities market that provides wealth creation opportunities. However, it is necessary to understand the intricacies of timely valuation of securities so as to make accurate investment decisions.
Designed for fund managers, CFOs, CEOs, investment analysts, and equity analysts, the book is also useful for students of CA, CFA, and MBA. The book provides exclusive coverage of the fundamentals of equity research and valuation. Detailed analysis of micro and macroeconomic has been provided in the Economic analysis section. This underlines the significance of economic analyses.
The book makes use of Economy-Industry-Company approach to discuss numerous issues related to equity research and valuation. It highlights the link between stock markets and economy and briefly explains the regulators' role in handling stock market bubbles.
Equity Research and Valuation 1st Edition provides coverage of other important topics including Porter's five force analysis and competitive strategy, Cash Flow Statements, key economic indicators required for equity research and valuation, Du Pont Analysis, Ration analysis, and the Herfindahl Hirschman Index of industry concentration ratio.
The book explains several financial statements on company analysis and discounted cash flow valuation models are explored in terms of dividend discount models. Equity holders will also get knowledge about the free cash flow models in terms of single and multi stage models. Moreover, sum of parts valuation and relative valuation models are discussed in detail here.
The book has been divided into five sections that provide comprehensive coverage of issues related to equity research and valuation. The first section is equity research and valuation, second section explores economic analysis, third section is about industry analysis, fourth section discusses company analysis, and finally the last section sheds light on discounted cash flow valuation models. Thus, it is a complete book for those who wish to learn the nuances of securities evaluation.