PART 1 INCOME STATEMENT PRESENTATION 1
Chapter 1 Phase 1: Income Statement and Margin Model, Part 1 5
Chapter 2 Phase 1: Income Statement and Margin Model, Part 2 39
Chapter 3 Phase 2: Segment Modeling of Revenues 63
Chapter 4 Phase 3: Segment Operating Income and Percentage-of-Difference Modeling 73
Chapter 5 Phase 4: The Workbench, Part 1 83
Chapter 6 Phase 4: The Workbench, Part 2 103
Chapter 7 Ordinary Least Squares Regressions and Normalized Earnings 121
PART 2 RATIO AND VALUATION WORKSHEET 137
Chapter 8 Ratio Analysis, Part 1: Internal Liquidity and Operating Efficiency 143
Chapter 9 Ratio Analysis, Part 2: Return Ratios and Cash Flow Ratios 163
Chapter 10 Historical Comparable Valuation 187
PART 3 STOCK VALUE WORKSHEET 219
Chapter 11 Present Value Modeling and the Stock Value Worksheet 223
Chapter 12 Discounted Free Cash Flow: Setting the Table 235
Chapter 13 Discounted Free Cash Flows: Two Methods 251
PART 4 RELATIONAL VALUATION: THE INDUSTRY
MATRIX WORKBOOK AND PEER DERIVED VALUE 277
Chapter 14 Price and Performance Analysis 283
Chapter 15 Simple Average and Market-Weighted Comparisons 303
Chapter 16 Peer Derived Value 331