Financial statement analysis and security valuation / Stephen H. Penman.
Penman, Stephen H.
Financial statement analysis and security valuation / Stephen H. Penman. - 4th ed. - New York : McGraw-Hill/Irwin, c2010. - xxiv, 754 p. : ill. ; 27 cm.
Includes bibliographical references and index.
1. Introduction to Investing and Valuation -- 2. Introduction to the Financial Statements -- 3. How Financial Statements Are Used in Valuation -- 4. Cash Accounting, Accrual Accounting, and Discounted Cash Flow Valuation -- 5. Accrual Accounting and Valuation: Pricing Book Values -- 6. Accrual Accounting and Valuation: Pricing Earnings -- 7. Viewing the Business through the Financial Statements -- 8. The Analysis of the Statement of Shareholders' Equity -- 9. The Analysis of the Balance Sheet and Income Statement -- 10. The Analysis of the Cash Flow Statement -- 11. The Analysis of Profitability -- 12. The Analysis of Growth and Sustainable Earnings -- 13. The Value of Operations and the Evaluation of Enterprise Price-to-Book Ratios and Price-Earnings Ratios -- 14. Anchoring on the Financial Statements: Simple Forecasting and Simple Valuation -- 15. Full-Information Forecasting, Valuation, and Business Strategy Analysis -- alysis and Valuation -- 16. Creating Accounting Value and Economic Value -- 17. Analysis of the Quality of Financial Statements -- 18. The Analysis of Equity Risk and Return -- 19. The Analysis of Credit Risk and Return.
This book describes valuation as an exercise in financial statement analysis. Students learn to view a firm through its financial statements and to carry out the appropriate financial statement analysis to value the firm's debt and equity. The book takes an activist approach to investing, showing how the analyst challenges the current market price of a share by analyzing the fundamentals. With a careful assessment of accounting quality, accounting comes to life as it is integrated with the modern theory of finance to develop practical analysis and valuation tools for active investing.
9780071267809 0071267808
Financial statements.
332.632042
Financial statement analysis and security valuation / Stephen H. Penman. - 4th ed. - New York : McGraw-Hill/Irwin, c2010. - xxiv, 754 p. : ill. ; 27 cm.
Includes bibliographical references and index.
1. Introduction to Investing and Valuation -- 2. Introduction to the Financial Statements -- 3. How Financial Statements Are Used in Valuation -- 4. Cash Accounting, Accrual Accounting, and Discounted Cash Flow Valuation -- 5. Accrual Accounting and Valuation: Pricing Book Values -- 6. Accrual Accounting and Valuation: Pricing Earnings -- 7. Viewing the Business through the Financial Statements -- 8. The Analysis of the Statement of Shareholders' Equity -- 9. The Analysis of the Balance Sheet and Income Statement -- 10. The Analysis of the Cash Flow Statement -- 11. The Analysis of Profitability -- 12. The Analysis of Growth and Sustainable Earnings -- 13. The Value of Operations and the Evaluation of Enterprise Price-to-Book Ratios and Price-Earnings Ratios -- 14. Anchoring on the Financial Statements: Simple Forecasting and Simple Valuation -- 15. Full-Information Forecasting, Valuation, and Business Strategy Analysis -- alysis and Valuation -- 16. Creating Accounting Value and Economic Value -- 17. Analysis of the Quality of Financial Statements -- 18. The Analysis of Equity Risk and Return -- 19. The Analysis of Credit Risk and Return.
This book describes valuation as an exercise in financial statement analysis. Students learn to view a firm through its financial statements and to carry out the appropriate financial statement analysis to value the firm's debt and equity. The book takes an activist approach to investing, showing how the analyst challenges the current market price of a share by analyzing the fundamentals. With a careful assessment of accounting quality, accounting comes to life as it is integrated with the modern theory of finance to develop practical analysis and valuation tools for active investing.
9780071267809 0071267808
Financial statements.
332.632042