Value It Up: Simplifying the Art of Intrinsic Valuation


Book Description

Valuation Empowers Us 'The Stock Market is filled with individuals who know the price of everything but the value of nothing', were the wise words by Philip Fischer. It is tough to capture the returns offered by the Stock Market, without making a distinction between price and value. This book helps you understand Intrinsic Valuation or Discounted Cash Flow Valuation and apply them for superior returns. The book explains how business valuation empowers people to gain insights and control in the realm of investing and value creation and elucidates the Art of Business Valuation. Together with the key growth drivers of any given stock, and explaining the concepts with real-world examples, the book has 17 different Stories of how celebrated investors like Warren Buffett, George Soros, Peter Lynch, etc, conducted stock market analysis and analyzed value drivers to create huge wealth. This book takes you on a powerful journey of learning about intrinsic valuation. You'll Learn: The quintessence of successful investment is to understand the worth of a company. The book teaches, explains, and elucidates the process of Intrinsic Valuation and helps you become an intelligent investor and a stock market wizard. A simple method to compute Expected Market Returns (EMR) is used in the computation of Cost of Capital under the Capital Asset Pricing Model (CAPM). S&P 500 was researched for over 100 Years to understand what returns should Stock Market Investors expect in the long-term. The EMR is one of the most important variables in Corporate Finance. Whether you are interested in earning superior returns on your investments in securities or creating value in your company - now is the time to learn. Learning how to value a business has limitless potential.




The Art of Company Valuation and Financial Statement Analysis


Book Description

The Art of Company Valuation and Financial Statement Analysis: A value investor’s guide with real-life case studies covers all quantitative and qualitative approaches needed to evaluate the past and forecast the future performance of a company in a practical manner. Is a given stock over or undervalued? How can the future prospects of a company be evaluated? How can complex valuation methods be applied in practice? The Art of Company Valuation and Financial Statement Analysis answers each of these questions and conveys the principles of company valuation in an accessible and applicable way. Valuation theory is linked to the practice of investing through financial statement analysis and interpretation, analysis of business models, company valuation, stock analysis, portfolio management and value Investing. The book’s unique approach is to illustrate each valuation method with a case study of actual company performance. More than 100 real case studies are included, supplementing the sound theoretical framework and offering potential investors a methodology that can easily be applied in practice. Written for asset managers, investment professionals and private investors who require a reliable, current and comprehensive guide to company valuation, the book aims to encourage readers to think like an entrepreneur, rather than a speculator, when it comes to investing in the stock markets. It is an approach that has led many to long term success and consistent returns that regularly outperform more opportunistic approaches to investment.




Investment Valuation


Book Description

Valuation is a topic that is extensively covered in business degree programs throughout the country. Damodaran's revisions to "Investment Valuation" are an addition to the needs of these programs.




Capital Compounders


Book Description

FROM NATIONAL BESTSELLING AUTHOR ROBIN R. SPEZIALE – LEARN HOW TO MAKE MONEY INVESTING IN GROWTH STOCKS In Capital Compounders, DIY Investor & National Bestselling Author Robin R. Speziale makes it easy for anyone to beat the market and make money investing in growth stocks! Robin R. Speziale shares his journey building a $300,000+ stock portfolio before 30 (and how you can too!) by investing in growth stocks or “Capital Compounders” – stocks that double, and then double again, and again on the market. Capital Compounder stocks have achieved the “tenbagger” ($1 turns into $10), and some even the “100-bagger” ($1 turns into $100) status. Mr. Speziale discusses the commonalities of today’s market-beating growth stocks so that you can find the next ones in the future. WHAT YOU WILL LEARN IN THE BOOK: How you can turn $0 into $300,000 (and more) by saving, and then investing in growth stocksWhy growth investing is better than value investingWhat top growth stocks (“Capital Compounders”) have in common72 Rules for investing stocks; winning in the market, and managing a portfolioActual examples of tenbagger (10x return) and 100-bagger (100x return) stocks75+ events, and corporate developments that move stocksHow a hedge fund manager achieved a 24% compound annual return (since 1998!)50+ predictions for the futureExclusive interviews with a small-cap technology analyst, and a growth hedge fund managerHow to decode market psychology, and control your own behavioural biasesGrowth investing strategies from the world's top growth investorsDaily routine – how to stay on top of the stock market, and find new growth ideas100+ Free DIY investor resources (all of my favourites!)PLUS – FREE Investment Newsletter Subscription (inside the book) Capital Compounders is for both budding and seasoned investors. It’s entertaining (because finance can be dry), and includes lots of easy-to-learn tips and strategies on growth investing that you can apply in the stock market. Robin R. Speziale is a DIY Investor and Globe and Mail National Bestselling Author; Market Masters (2016). He's been investing in the stock market since 2005, and built a $300,000+ portfolio before 30. Mr. Speziale lives in Toronto, Ontario. Visit RobinRSpeziale.com and email Robin – [email protected].




The Math of Intrinsic Value


Book Description

This book explains the mathematical equation behind the Stock Price (business value) based on key fundamental factors of business - Present Earning (CF), risk associated with Present Earning (r), Growth (possibility of reinvestment gain) and risk-free interest rate (i). One can see all these essential factors to value a business in a quantifiable form in this intrinsic value equation. Author has done an extensive research on various business valuation methods (for the past ten years) and arrived his own conclusions. The approach described in this book to value a business is unique and entirely different from the traditional business valuation methods of using PE ratio, Price to book value, dividend discounted cash flow calculation etc... Further, the author has explained it in detail why the intrinsic value of business is always an 'opportunity cost' and he explains how the price paid for purchasing a business is justified from a private owner point of view (quite often very high price corresponding to the present earning of the business). Note: A download link is provided inside this book for user to download an excel file which is critical to understand many part of this book, so please download and keep open the file while you reading this book.




The Dark Side of Valuation


Book Description

Renowned valuation expert Aswath Damodaran reviews the core tools of valuation, examines today’s most difficult estimation questions and issues, and then systematically addresses the valuation challenges that arise throughout a firm’s lifecycle in The Dark Side of Valuation: Valuing Young, Distressed and Complex Businesses. In this thoroughly revised edition, he broadens his perspective to consider all companies that resist easy valuation, highlighting specific types of hard-to-value firms, including commodity firms, cyclical companies, financial services firms, organizations dependent on intangible assets, and global firms operating diverse businesses. He covers the entire corporate lifecycle, from “idea” and “nascent growth” companies to those in decline and distress, and offers specific guidance for valuing technology, human capital, commodity, and cyclical firms. ·




Equity Valuation: Science, Art, or Craft?


Book Description

The price at which a stock is traded in the market reflects the ability of the firm to generate cash flow and the risks associated with generating the expected future cash flows. The authors point to the limits of widely used valuation techniques. The most important of these limits is the inability to forecast cash flows and to determine the appropriate discount rate. Another important limit is the inability to determine absolute value. Widely used valuation techniques such as market multiples - the price-to-earnings ratio, firm value multiples or a use of multiple ratios, for example - capture only relative value, that is, the value of a firm's stocks related to the value of comparable firms (assuming that comparable firms can be identified). The study underlines additional problems when it comes to valuing IPOs and private equity: Both are sensitive to the timing of the offer, suffer from information asymmetry, and are more subject to behavioral elements than is the case for shares of listed firms. In the case of IPOs in particular, the authors discuss how communication strategies and media hype play an important role in the IPO valuation/pricing process.




Grow the Pie


Book Description

Should companies be run for profit or purpose? This book shows how they can deliver both-based on rigorous evidence and an actionable framework. This edition, updated to include the pandemic and latest research, explains how managers, investors and citizens can put purpose into practice-and overcome the difficult trade-offs that hold them back.




Equity Valuation


Book Description

Equity Valuation: Models from the Leading Investment Banks is a clear and reader-friendly guide to how today’s leading investment banks analyze firms. Editors Jan Viebig and Thorsten Poddig bring together expertise from UBS, Morgan Stanley, DWS Investment GmbH and Credit Suisse, providing a unique analysis of leading equity valuation models, from the very individuals who use them. Filled with real world insights, practical examples and theoretical approaches, the book will examine the strengths and weaknesses of some of the leading valuation approaches, helping readers understand how analysts: · estimate cash flows · calculate discount rates · adjust for accounting distortions · take uncertainty into consideration Written for investment professionals, corporate managers and anyone interested in developing their understanding of this key area, Equity Valuation: Models from the Leading Investment Banks will arm readers with the latest thinking and depth of knowledge necessary to make the right decisions in their valuation methodologies.




Modern Value Investing


Book Description

My personal goal is to help people reach their financial goals. One way of doing that is through investing education. The book is my attempt to help with the development of a strong investing mindset and skillset to help you make better investment decisions. There is a gap in the value investing world. Benjamin Graham published The Intelligent Investor in 1949 with several subsequent editions up to 1972, while Seth Klarman published Margin of Safety in 1991. With more than 50 years since Graham published his masterpiece and almost 30 since Klarman's, there was the need for a contemporary book to account for all the changes in the financial environment we live in.Modern Value Investing book does exactly that, in 4 parts.Part 1 discusses the most important psychological traits a successful investor should have. Part 2 describes 25 tools that help with investment analysis.Part 3 applies those tools on an example. Part 4 is food for investing thought as it discusses modern approaches to investing. Approaches range from an all-weather portfolio strategy to hyperbolic discounting and others you can take advantage of when the time is right.