Financial Statement Analysis and Security Valuation
3rd Edition
Published on 16. June 2007
Book
Paperback/Softback
800 pages
978-0-07-125432-8 (ISBN)
Description
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.
More details
Edition
3rd edition
Language
English
Place of publication
London
United States
Publishing group
McGraw-Hill Education - Europe
Target group
College/higher education
Dimensions
Height: 254 mm
Width: 203 mm
Thickness: 25 mm
Weight
1630 gr
ISBN-13
978-0-07-125432-8 (9780071254328)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
New editions
Stephen Penman
Financial Statement Analysis and Security Valuation ISE
Book
approx. 03/2027
6th Edition
McGraw-Hill Education
€57.00
Not yet published
Person
The George O. May Professor and the Morgan Stanley Research Scholar in the Graduate School of Business, Columbia University. He also serves as co-director of Columbia's Center for Excellence in Accounting and Security Analysis. Prior to his appointment at Columbia in 1999, Stephen Penman was the L.H. Penny Professor in the Walter A. Haas School of Business at the University of California at Berkeley. From 1990-95 he served a Chairman of the Professional Accounting Program and Chairman of the Accounting Faculty at Berkeley. He also initiated and chaired Berkeley's Annual Conference on Financial Reporting. He has served as a Visiting Professor at Columbia University and the London Business School of Economic. Professor Penman received a first-class honors degree in Commerce from the University of Queensland, Australia, and M.B.A. and Ph.D. degrees from the University of Chicago.
Content
Chapter 1: Introduction to Investing and Valuation Chapter 2: Introduction to the Financial Statements Part One: Financial Statements and Valuation Chapter 3: How Financial Statements Are Used in Valuation Chapter 4: Cash Accounting, Accrual Accounting, and Discounted Cash Flow Valuation Chapter 5: Accrual Accounting and Valuation: Pricing Book Values Chapter 6: Accrual Accounting and Valuation: Pricing Earnings Part Two: The Analysis of Financial Statement Chapter 7: Business Activities and Financial Statements Chapter 8: The Analysis of the Statement of Shareholders' Equity Chapter 9: The Analysis of the Balance Sheet and Income Statement Chapter 10: The Analysis of the Cash Flow Statement Chapter 11: The Analysis of Profitability Chapter 12: The Analysis of Growth and Sustainable Earnings Part Three: Forecasting and Valuation Analysis Chapter 13: The Value of Operations and the Evaluation of Enterprise Price-to-Book Ratios and Price-Earnings Ratios Chapter 14: Simple Forecasting and Simple Valuation Chapter 15: Full-Information Forecasting, Valuation, and Business Strategy Analysis Part Four: Accounting Analysis and Valuation Chapter 16: Creating Accounting Value and Economic Value Chapter 17: Analysis of the Quality of Financial Statements Part Five: The Analysis of Risk Chapter 18The Analysis of Equity Risk and the Cost of Capital Chapter 19The Analysis of Credit Risk Appendix A Summary of FormulasIndex