Richard Barker, The Judge Institute of Management Studies, University of Cambridge

Publisher: Financial Times Press
Copyright: 2001
Format: Paper; 240 pp

ISBN-10:	027363979X
ISBN-13:	9780273639794

Our Price: £43.99
Status: Instock
Published: 03 May 2001

This book details the methods used to value companies. Valuation methods such as the price - earnings ratio, dividend yield and EVA are found frequently in stockholder reports and financial press and there has been an explosion of interest in 'shareholder value' in recent years with a corresponding need to understand how value is created and measured.

1. The Design and Purpose of Accounting
2. The Essentials of Finance Theory
3. The Fundamental Value of a Share
4. Dividend Yield
5. Price-Earnings Ratio
6. Asset Values
7. Return on Capital Employed and Economic Value Added
8. Cash Flows and Shareholder Value Analysis
9. Cash Flow Return on Investment
10. What Valuation Methods does the Stock Market Use?
11. Is Practice Supported by Theory?

• Covers why accounting information is useful in the valuation of shares, the relative strengths and weaknesses of alternative valuation models such as the price-earnings ratio, return on capital employed, and economic value added.
• Shows how creative accounting can affect valuation.
• Three parts cover the fundamentals of accounting and finance, valuation models and stock market practice.
• Comprehensive overview of valuation methods
• Unique integration of the theory of valuation and the practice of financial statement  analysis
• Extracts from the Financial Times with a linking paragraph to reinforce relevance to  practice
• Simple numerical examples to support all stages of analysis
• Draws upon author's experience of working with financial market practitioners.

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