Equity Asset Valuation, 2nd Edition

A comprehensive look at the equity valuation process

With the Second Edition of Equity Asset Valuation, the distinguished team of Jerald Pinto, Elaine Henry, Thomas Robinson, and John Stowe, fully update information associated with this important discipline. Blending theory with practice, they detail the contemporary techniques used to determine the intrinsic value of an equity security, and show you how to successfully apply these techniques in both foreign and domestic markets.

Unlike alternative works in this field, the Second Edition of Equity Asset Valuation clearly integrates finance and accounting concepts into the discussion-providing the evenness of subject matter treatment, consistency of notation, and continuity of topic coverage that is so critical to the learning process.

• Addresses essential issues in this arena, including the equity valuation process, discounted dividend valuation, free cash flow valuation, and residual income valuation
• Each author brings his own unique experiences and perspectives to the equity analysis process
• Distills the knowledge, skills, and abilities you need to succeed in today's fast-paced financial environment
• Companion Workbook also available

Valuable for classroom study, self-study, and general reference, this book contains clear, example-driven coverage of many of today's most important valuation issues.

New to this Edition

• Updated coverage of all topic areas.
• New coverage of private company valuation.
• Expanded coverage of required rate of return estimation and related topics.
• Increased global orientation including additional material on emerging markets.
• Expanded coverage of enterprise value multiples and related topics.
• Integrated approach to the application of accounting and finance to valuation.
• Contains a contribution on Private Company Valuation by Raymond D. Rath, CFA, Director, Transaction Services - Accounting, Valuation & Financial Reporting Advisory,
  PricewaterhouseCoopers LLP.