"Here is an essential tool for the investor: clear, practical, insightful, and concise. This book should have a long, useful life in a professional's library." —Jeffrey P. Davis, CFA, Chief Investment Officer, Lee Munder Capital Group 
"This book provides a clear, comprehensive overview of equity valuation concepts and methods. It is well suited for finance practitioners who want to strengthen their understanding of equity asset valuation and as a supplemental reading in advanced undergraduate and graduate courses addressing security analysis and business valuation." —Professor Robert Parrino, CFA, PhD, Department of Finance, Red McCombs School of Business, The University of Texas at Austin "CFA Institute has done it again. This will be a 'must' reference book for anyone serious about the nuances of equity investment valuation." —Robert D. Arnott, Chairman, Research Affiliates "Equity Asset Valuation concisely and clearly explains the most widely used approaches to equity evaluation. In addition to thoroughly explaining the implementation of each valuation method, there is sophisticated discussion of the commonsense financial economics and accounting issues underlying the methods." —David Blackwell, Head and RepublicBank/James W. Aston Professor of Finance, Mays Business School, Texas A&amp;M University

Equity Asset Valuation

Business & Money

Thomas R. Robinson

John D. Stowe

Jerald E. Pinto

Dennis W. McLeavey

Finance

John Wiley&Sons

A comprehensive look at the equity valuation process With the Second Edition of Equity Asset Valuation, the distinguished team of Jerald Pinto, Elaine Henry, Thomas Robinson, and John Stowe, fully update information associated with this important discipline. Blending theory with practice, they detail the contemporary techniques used to determine the intrinsic value of an equity security, and show you how to successfully apply these techniques in both foreign and domestic markets. Unlike alternative works in this field, the Second Edition of Equity Asset Valuation clearly integrates finance and accounting concepts into the discussion-providing the evenness of subject matter treatment, consistency of notation, and continuity of topic coverage that is so critical to the learning process. <ul>
<li>Addresses essential issues in this arena, including the equity valuation process, discounted dividend valuation, free cash flow valuation, and residual income valuation</li> <li>Each author brings his own unique experiences and perspectives to the equity analysis process</li> <li>Distills the knowledge, skills, and abilities you need to succeed in today's fast-paced financial environment</li> <li>Companion Workbook also available</li> </ul>
Valuable for classroom study, self-study, and general reference, this book contains clear, example-driven coverage of many of today's most important valuation issues.

Elaine Henry

John Wiley&Sons, Inc.

Discover sound investment strategies for clients with a current understanding of the How's and Why s. Written in every-day language and presented in topic-specific sections the title eliminates complicated instructions from multiple resources! The Tools &amp; Techniques format facilitates cross-reference review and, thus, provides a better understanding of the title s practical and theoretical concepts. You will access succinct solutions to one of the most challenging planning areas including a detailed two-chapter discussion of the time value of money concepts and applications. The authors deliver practical insight into relationships that exist among present value, future value, and interest rate calculations. As a financial planner utilizing this title, you are assured analysis synchronized with client-based objectives. Draws together the important topical concepts and investment instruments of: Fundamental &amp; technical analysis Commodity &amp; single-stock futures Corporate &amp; municipal bonds Government &amp; asset-based securities Exchange-traded &amp; mutual funds Direct &amp; indirect real estate holdings Hedging &amp; option strategies Investment risk Modern portfolio theory Performance measurement Asset pricing models Portfolio construction Formula Investing Equity holdings in stocks Newly Revised 2nd Edition of Tools &amp; Techniques of Investment Planning includes relevant topics such as controlling volatility, behavioral finance, free cash flow to the firm, forex markets, dividend yield approach, strategic asset allocation, tactical asset allocation and so much more. Tools &amp; Techniques of Investment Planning will be invaluable at increasing your responsiveness through comprehensive, technically relevant answers that are quickly found and reflect current regulations. Chapters to feature: the top 12 Portfolio Management and Measurement Asset Allocation and Portfolio Construction Hedging and Option Strategies Exchange-Traded Funds (ETFs) REITs (Real Estate Investment Trusts) Financial Futures Mutual Funds Measuring Yield Convertible Securities Asset Pricing Models Asset-Backed Securities Common Stocks Delivers value at any knowledge level introductory, overview &amp; review! Testimonials In each of our books we had one major goal in mind: To create the single best source of up-to-date, pragmatic and transferable information on the topics you need to help others. Stephan R. Leimberg, Lead Author of Tools &amp; Techniques

Tools & Techniques of Investment Planning (Tools & Techniques)

Stephan R. Leimberg

Jr. Doyle

Robert T. LeClair

Robert, J.

Insurance

National Underwriter Company

In the wake of recent financial scandals, the gap between financial reporting and reality has become a critical issue for investors. The presentations in this proceedings address such key topics as how to identify companies that are playing fast and loose with the rules before financial disaster occurs; understanding what accounting rules actually say about pensions, intangible assets, employee stock options, and derivatives; and how accounting rules are likely to change in the future.

Closing the Gap between Financial Reporting and Reality

Martin S. Fridson

Patricia A. McConnell

Bruce A. Gulliver

David A. Zion

Jane B. Adams

Donald J. Smith

Walter V. Haslett

David M. Blitzer

Charles L. Hill

AIMR (CFA Institute)

Mainstay reference guide for wealth management, newly updated for today's investment landscape For over a decade, The New Wealth Management: The Financial Advisor's Guide to Managing and Investing Client Assets has provided financial planners with detailed, step-by-step guidance on developing an optimal asset allocation policy for their clients. And, it did so without resorting to simplistic model portfolios, such as lifecycle models or black box solutions. Today, while The New Wealth Management still provides a thorough background on investment theories, and includes many ready to use client presentations and questionnaires, the guide is newly updated to meet twenty-first century investment challenges. The book <ul> <li>Includes expert updates from Chartered Financial Analyst (CFA) Institute, in addition to the core text of 1997's first edition Â- endorsed by investment luminaries Charles Schwab and John Bogle</li> <li>Presents an approach that places achieving client objectives ahead of investment vehicles</li> <li>Applicable for self-study or classroom use</li> </ul> Now, as in 1997, The New Wealth Management effectively blends investment theory and real world applications. And in today's new investment landscaped, this update to the classic reference is more important than ever.

The New Wealth Management: The Financial Advisors Guide to Managing and Investing Client Assets (CFA Institute Investment Series)

Stephen M. Horan

Roger G. Ibbotson

Harold R. Evensky

wiley

International Financial Statement Analysis Workbook

Wendy L. Pirie

Michael A. Broihahn

Better analysis for more accurate international financial valuation International Financial Statement Analysis provides the most up-to-date detail for the successful assessment of company performance and financial position regardless of country of origin. The seasoned experts at the CFA Institute offer readers a rich, clear reference, covering all aspects from financial reporting mechanics and standards to understanding income and balance sheets. Comprehensive guidance toward effective analysis techniques helps readers make real-world use of the knowledge presented, with this new third edition containing the most current standards and methods for the post-crisis world. Coverage includes the complete statement analysis process, plus information on income tax accounting, employee compensation, and the impact of foreign exchange rates on the statements of multinational corporations. Financial statement analysis gives investment professionals important insights into the true financial condition of a company. With it, realistic valuations can be made for investment, lending, or merger and acquisition purposes. The process is becoming increasingly complex, but this book helps readers deal with the practical challenges that arise at the international level. <ul> <li>Understand the accounting mechanics behind financial reporting</li> <li>Discover the differences between statements from around the world</li> <li>Learn how each financial statement element affects securities valuation</li> <li>Master analysis for clues into operations and risk characteristics</li> </ul> Amid an uncertain global economic climate, in today's volatile international markets, the ability to effectively evaluate financial statements is a critical skill. Standards and conditions are continuously evolving, and investment professionals need a strong, up-to-date resource for the latest rules and best practices. International Financial Statement Analysis provides this and more, with clarity and expert advice.

International Financial Statement Analysis

Anthony T. Cope

Navigate equity investments and asset valuation with confidence Equity Asset Valuation, Third Edition blends theory and practice to paint an accurate, informative picture of the equity asset world. The most comprehensive resource on the market, this text supplements your studies for the third step in the three-level CFA certification program by integrating both accounting and finance concepts to explore a collection of valuation models and challenge you to determine which models are most appropriate for certain companies and circumstances. Detailed learning outcome statements help you navigate your way through the content, which covers a wide range of topics, including how an analyst approaches the equity valuation process, the basic DDM, the derivation of the required rate of return within the context of Markowitz and Sharpe's modern portfolio theory, and more. Equity investments encompass the buying and holding of shares of stock in the anticipation of collecting income from dividends and capital gains. Determining which shares will be profitable is key, and an array of valuation techniques is applied on today's market to decide which stocks are ripe for investment and which are best left out of your portfolio. <ul> <li>Access the most comprehensive equity asset valuation text on the market</li> <li>Leverage detailed learning outcome statements that focus your attention on key concepts, and guide you in applying the material accurately and effectively</li> <li>Explore a wide range of essential topics, such as the free cash flow approach, valuation using Graham and Dodd type concepts of earning power, associated market multiples, and residual income models</li> <li>Improve your study efforts by leveraging the text during your CFA certification program prep</li> </ul> Equity Asset Valuation, Third Edition is a comprehensive, updated text that guides you through the information you need to know to fully understand the general analysis of equity investments.

Abby Cohen

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Books by Thomas R. Robinson