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Given the current volatility of the stock market, suspension of dividends and the varying performance of blue chip companies, doing your investing homework has never been more important than it is now.
In this thoroughly updated edition of the Investor’s Guide to Analysing Companies and Valuing Shares , Michael Cahill explains what you need to seek out in any company that you’re interested in. He shows you what you should really be looking for behind the ratios, management and strategy comments and ultimately whether to buy or sell a company.
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Produktbeschreibung
Given the current volatility of the stock market, suspension of dividends and the varying performance of blue chip companies, doing your investing homework has never been more important than it is now.

In this thoroughly updated edition of the Investor’s Guide to Analysing Companies and Valuing Shares, Michael Cahill explains what you need to seek out in any company that you’re interested in. He shows you what you should really be looking for behind the ratios, management and strategy comments and ultimately whether to buy or sell a company.

Product Description
Do you want to feel more confident about your investment decisions?

Do you need to have a better understanding of how the stock markets value a business?

Do you want to know what the key ratios are that drive share price performance?

The Financial Times Guide to Making the Right Investment Decisions is the insider’s guide to how the market examines companies and values shares. It helps you understand the factors that drive long term wealth creation as well as highlighting the key risks that lead to value being destroyed.

Originally published as Analysing Companies and Valuing Shares, this new edition has been fully revised and includes a new and easy to follow framework for understanding valuation. Perfect for investors at all levels, it guides you through the investment maze, and highlights the key issues you need to consider to invest successfully.

The Financial Times Guide to Making the Right Investment Decisions:

· Gives you an easy to follow framework to guide your decision-making

· Explains clearly and concisely key financial concepts and how they drive valuation

· Shows you the key ratios to monitor and how they affect share prices

· Illustrates the key risks and warning signals that will help you avoid losses

· Identifies the qualities of company management and governance that differentiates winners from losers

· Brings the issues and numbers to life with real examples and case studies

In a challenging economic and stock market environment, the need to take better informed decisions is vital. This clear, common sense guide provides a comprehensive and accessible framework for understanding the valuation of a business and what drives its share price. Knowing the key numbers, ratios and techniques that professional investors use will help you to reduce your risk and invest more profitably.



Backcover
'An excellent guide to the practical analysis of the value and risks of companies. Very well written and easy to comprehend whilst not avoiding real-life difficulties - the best book on company analysis and valuation I’ve read.' Jon Moulton, Chairman, Better Capital

'Excellent. A comprehensive and insightful view of the world of stock market investment. Fully deserves to become the investors' vade mecum.'

David Webster, Chairman, InterContinental Hotels Group



'Impressive. Value consists of inherent qualities but also what the market makes of those qualities. Michael Cahill’s book successfully describes how professionals value companies, how the market works and the issues investors must consider to reach a decision.'

Sir John Egan, Chairman, Severn Trent

Do you want to feel more confident about your investment decisions?

Do you need to have a better understanding of how the stock markets value a business?

The Financial Times Guide to Making the Right Investment Decisions is the insider’s guide to how the market examines companies and values shares. It helps you understand the factors that drive long-term wealth creation as well as highlighting the key risks that lead to value being destroyed.

Originally published as Analysing Companies and Valuing Shares, this new edition has been fully revised and includes a new and easy-to-follow framework for understanding valuation. Perfect for investors at all levels, it guides you through the investment maze, and highlights the key issues you need to consider to invest successfully.

Introduction

1 The Valuation Villa

2 Sector and Market background

3 Management and Strategy

4 Performance and Returns

5 Financial Position

6 The Outlook

7 Absolute Valuation – Discounted Cash flow (DCF)

8 Relative Valuation

9 The Investment Decision – buy or sell?

Glossary

Index
'An excellent guide to the practical analysis of the value and risks of companies. Very well written and easy to comprehend whilst not avoiding real-life difficulties - the best book on company analysis and valuation I’ve read.' Jon Moulton, Chairman, Better Capital 'Excellent. A comprehensive and insightful view of the world of stock market investment. Fully deserves to become the investors' vade mecum.' David Webster, Chairman, InterContinental Hotels Group 'Impressive. Value consists of inherent qualities but also what the market makes of those qualities. Michael Cahill’s book successfully describes how professionals value companies, how the market works and the issues investors must consider to reach a decision.' Sir John Egan, Chairman, Severn Trent Do you want to feel more confident about your investment decisions? Do you need to have a better understanding of how the stock markets value a business? The Financial Times Guide to Making the Right Investment Decisions is the insider’s guide to how the market examines companies and values shares. It helps you understand the factors that drive long-term wealth creation as well as highlighting the key risks that lead to value being destroyed. Originally published as Analysing Companies and Valuing Shares, this new edition has been fully revised and includes a new and easy-to-follow framework for understanding valuation. Perfect for investors at all levels, it guides you through the investment maze, and highlights the key issues you need to consider to invest successfully.
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Autorenporträt
About the author Michael Cahill is an established analyst and coach, and head of MarketMatters, a training company that specialises in demystifying company valuation and how markets work. A Cambridge economics graduate, he worked for 16 years as an investment analyst in both broking and fund management, including 10 years at UBS Warburg as a member of one its top-rated research teams. Michael’s clear and common sense approach to analysing companies and valuing shares was first published in 2003. In this edition, he has taken this subject a stage further, creating a new framework that makes company valuation even more intuitive and accessible. Michael’s energy and enthusiasm transforms the subject and inspires people to think about valuation and financial markets differently, prompting one course participant to comment: 'A fantastic teacher – helpful, resourceful, covered all the ground in great detail but made it all very real and really understandable’. Michael lives in London and as well as working in the UK he regularly teaches and coaches overseas. For more information please go to www.marketmatters.co.uk or email michael@marketmatters.co.uk