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.
Jerald E. Pinto, CFA, is the Principal of Old Brook Road Consulting LLC since retiring as a Senior Director in Credentialing at CFA Institute in 2020. His investments research has been published in the J. of Portfolio Management and other outlets. He holds a B.A. with high distinction from Laurentian University, MBA from Baruch College and an MPhil and PhD in Finance from New York University. Mr. Pinto is a member of CFA Virginia.
This book provides clear and full approach to asset valuation, particular on equity investment. It helped me a lot when I first try conducting my analysis on a public equity in Vietnam. Highly recommend for people who practice equity research, analysis and engage in investment decision making.