Financial Statement Analysis A Valuation Approach

9780130328342

0130328340

Finally!Financial Statement Analysis: A Valuation Approachis the first book to show readers how to use financial statement information to actually prepare a valuation. Includes All of the Commonly Used Valuation Models, and the five models derived from basic discounted cash flow theory: the dividend discount model, the flows to equity model, the free cash flow model, the adjusted present value model, and the residua! income model. The book also provides an unusually rigorous treatment of valuation with multiples. Starbucks Continuing Case. !n addition to numerous real-world examples, the Starbucks financial statements are consistently integrated throughout the chapters to show how financial statement analysis and valuation are applied to a real company. Integration of Accounting, Finance, and Business Strategy. These concepts are integrated throughout the text so that readers see the connections among them. The book provides a framework for analyzing business strategy and discusses the link between strategy and valuation. Headers learn about business strategy and how to relate a firm's strategic position to the assumptions in a valuation. Unique Presentation of Topics. The hook includes chapters on using financial statement disclosures to value companies with pension plans and companies with employee stock option plans.