Financial Statement Analysis and Security Valuation, 5/e

Stephen H. Penman, Columbia University Business School

ISBN: 0078025311
Copyright year: 2013



List of Cases


List of Accounting Clinics


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


Chapter 7

Valuation and Active Investing

  

PART TWO The Analysis of Financial Statements


Chapter 8

Viewing the Business through the Financial Statements


Chapter 9

The Analysis of the Statement of Shareholders' Equity


Chapter 10

The Analysis of the Balance Sheet and Income Statement


Chapter 11

The Analysis of the Cash Flow Statement


Chapter 12

The Analysis of Profitability


Chapter 13

The Analysis of Growth and Sustainable Earnings

  

PART THREE Forecasting and Valuation Analysis


Chapter 14

The Value of Operations and the Evaluation of Enterprise Price-to-Book Ratios and Price-Earnings Ratios


Chapter 15

Anchoring on the Financial Statements: Simple Forecasting and Simple Valuation


Chapter 16

Full-Information Forecasting, Valuation, and Business Strategy Analysis

  

PART FOUR Accounting Analysis and Valuation


Chapter 17

Creating Accounting Value and Economic Value


Chapter 18

Analysis of the Quality of Financial Statements

  

PART FIVE The Analysis of Risk and Return


Chapter 19

The Analysis of Equity Risk and Return


Chapter 20

The Analysis of Credit Risk and Return

  

APPENDIX A Summary of Formulas


INDEX