ESCP Europe

This book presents equity asset valuation. The authors detail the contemporary techniques used to determine the intrinsic value of an equity security, and show how to successfully apply these techniques in both foreign and domestic markets. It 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. Essential issues in this arena, including the equity valuation process, discounted dividend valuation, free cash flow valuation, and residual income valuation.