ISBN-10:
0273729845
ISBN-13:
9780273729846
Pub. Date:
04/22/2010
Publisher:
FT Press
Financial Times Guide to Making the Right Investment Decisions: How to Analyse Companies and Value Shares / Edition 2

Financial Times Guide to Making the Right Investment Decisions: How to Analyse Companies and Value Shares / Edition 2

by Michael Cahill

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Overview

Financial Times Guide to Making the Right Investment Decisions: How to Analyse Companies and Value Shares / Edition 2

The Financial Times Guide to Makin 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.

Product Details

ISBN-13: 9780273729846
Publisher: FT Press
Publication date: 04/22/2010
Series: Financial Times Series
Pages: 372
Product dimensions: 6.10(w) x 9.20(h) x 1.30(d)

About the Author

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

Table of Contents

Acknowledgements xi

Introduction xiii

1 The Valuation Villa 1

2 Sector and market background 33

3 Management and strategy 60

4 Performance and returns 113

5 Financial position 164

6 The outlook 204

7 Absolute valuation - discounted cash flow (DCF) 227

8 Relative valuation 249

9 The investment decision - buy or sell? 295

Glossary 323

Index 341

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