Determining Value: Valuation Models and Financial Statements

Final year undergraduates of business, finance students, MBA and Postgraduate students of business and/or finance. It will also be of keen interest to professional practising financial analysts. This book is about 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. The book contains both the analytical review of valuation models and also evaluation of the data available for use in valuation models. This is the first time that this information has been available in a textbook and been academically and critically evaluated.