Financial Modeling And Valuation

Financial Modeling and Valuation PDF
Author: Paul Pignataro
Publisher: John Wiley & Sons
ISBN: 1118558766
Size: 12.42 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 432

Get Book

Financial Modeling And Valuation

by Paul Pignataro, Financial Modeling And Valuation Books available in PDF, EPUB, Mobi Format. Download Financial Modeling And Valuation books, Written by the Founder and CEO of the prestigious New York School of Finance, this book schools you in the fundamental tools for accurately assessing the soundness of a stock investment. Built around a full-length case study of Wal-Mart, it shows you how to perform an in-depth analysis of that company's financial standing, walking you through all the steps of developing a sophisticated financial model as done by professional Wall Street analysts. You will construct a full scale financial model and valuation step-by-step as you page through the book. When we ran this analysis in January of 2012, we estimated the stock was undervalued. Since the first run of the analysis, the stock has increased 35 percent. Re-evaluating Wal-Mart 9months later, we will step through the techniques utilized by Wall Street analysts to build models on and properly value business entities. Step-by-step financial modeling - taught using downloadable Wall Street models, you will construct the model step by step as you page through the book. Hot keys and explicit Excel instructions aid even the novice excel modeler. Model built complete with Income Statement, Cash Flow Statement, Balance Sheet, Balance Sheet Balancing Techniques, Depreciation Schedule (complete with accelerating depreciation and deferring taxes), working capital schedule, debt schedule, handling circular references, and automatic debt pay downs. Illustrative concepts including detailing model flows help aid in conceptual understanding. Concepts are reiterated and honed, perfect for a novice yet detailed enough for a professional. Model built direct from Wal-Mart public filings, searching through notes, performing research, and illustrating techniques to formulate projections. Includes in-depth coverage of valuation techniques commonly used by Wall Street professionals. Illustrative comparable company analyses - built the right way, direct from historical financials, calculating LTM (Last Twelve Month) data, calendarization, and properly smoothing EBITDA and Net Income. Precedent transactions analysis - detailing how to extract proper metrics from relevant proxy statements Discounted cash flow analysis - simplifying and illustrating how a DCF is utilized, how unlevered free cash flow is derived, and the meaning of weighted average cost of capital (WACC) Step-by-step we will come up with a valuation on Wal-Mart Chapter end questions, practice models, additional case studies and common interview questions (found in the companion website) help solidify the techniques honed in the book; ideal for universities or business students looking to break into the investment banking field.



Corporate And Project Finance Modeling

Corporate and Project Finance Modeling PDF
Author: Edward Bodmer
Publisher: John Wiley & Sons
ISBN: 1118854365
Size: 58.87 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 624

Get Book

Corporate And Project Finance Modeling

by Edward Bodmer, Corporate And Project Finance Modeling Books available in PDF, EPUB, Mobi Format. Download Corporate And Project Finance Modeling books, A clear and comprehensive guide to financial modeling and valuation with extensive case studies and practice exercises Corporate and Project Finance Modeling takes a clear, coherent approach to a complex and technical topic. Written by a globally-recognized financial and economic consultant, this book provides a thorough explanation of financial modeling and analysis while describing the practical application of newly-developed techniques. Theoretical discussion, case studies and step-by-step guides allow readers to master many difficult modeling problems and also explain how to build highly structured models from the ground up. The companion website includes downloadable examples, templates, and hundreds of exercises that allow readers to immediately apply the complex ideas discussed. Financial valuation is an in-depth process, involving both objective and subjective parameters. Precise modeling is critical, and thorough, accurate analysis is what bridges the gap from model to value. This book allows readers to gain a true mastery of the principles underlying financial modeling and valuation by helping them to: Develop flexible and accurate valuation analysis incorporating cash flow waterfalls, depreciation and retirements, updates for new historic periods, and dynamic presentation of scenario and sensitivity analysis; Build customized spreadsheet functions that solve circular logic arising in project and corporate valuation without cumbersome copy and paste macros; Derive accurate measures of normalized cash flow and implied valuation multiples that account for asset life, changing growth, taxes, varying returns and cost of capital; Incorporate stochastic analysis with alternative time series equations and Monte Carlo simulation without add-ins; Understand valuation effects of debt sizing, sculpting, project funding, re-financing, holding periods and credit enhancements. Corporate and Project Finance Modeling provides comprehensive guidance and extensive explanation, making it essential reading for anyone in the field.



The Handbook Of Financial Modeling

The Handbook of Financial Modeling PDF
Author: Jack Avon
Publisher: Apress
ISBN: 1430262060
Size: 19.65 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 504

Get Book

The Handbook Of Financial Modeling

by Jack Avon, The Handbook Of Financial Modeling Books available in PDF, EPUB, Mobi Format. Download The Handbook Of Financial Modeling books, The ability to create and understand financial models that assess the valuation of a company, the projects it undertakes, and its future earnings/profit projections is one of the most valued skills in corporate finance. However, while many business professionals are familiar with financial statements and accounting reports, few are truly proficient at building an accurate and effective financial model from the ground up. That's why, in The Financial Modeling Handbook, Jack Avon equips financial professionals with all the tools they need to precisely and effectively monitor a company's assets and project its future performance. Based on the author's extensive experience building models in business and finance—and teaching others to do the same—The Handbook of Financial Modeling takes readers step by step through the financial modeling process, starting with a general overview of the history and evolution of financial modeling. It then moves on to more technical topics, such as the principles of financial modeling and the proper way to approach a financial modeling assignment, before covering key application areas for modeling in Microsoft Excel. Designed for intermediate and advanced modelers who wish to expand and enhance their knowledge, The Handbook of Financial Modeling also covers: The accounting and finance concepts that underpin working financial models; How to approach financial issues and solutions from a modeler's perspective; The importance of thinking about end users when developing a financial model; How to plan, design, and build a fully functional financial model; And more. A nuts-to-bolts guide to solving common financial problems with spreadsheets, The Handbook of Financial Modeling is a one-stop resource for anyone who needs to build or analyze financial models.



Financial Modelling And Asset Valuation With Excel

Financial Modelling and Asset Valuation with Excel PDF
Author: Morten Helbæk
Publisher: Routledge
ISBN: 1134620276
Size: 56.13 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 448

Get Book

Financial Modelling And Asset Valuation With Excel

by Morten Helbæk, Financial Modelling And Asset Valuation With Excel Books available in PDF, EPUB, Mobi Format. Download Financial Modelling And Asset Valuation With Excel books, Finance is Excel! This book takes you straight into the fascinating world of Excel, the powerful tool for number crunching. In a clear cut language it amalgamates financial theory with Excel providing you with the skills you need to build financial models for private or professional use. A comprehensive knowledge of modeling in Excel is becoming increasingly important in a competitive labour market. The chapters in part one start with the most basic Excel topics such as cell addresses, workbooks, basic formulas, etc. These chapters get more advanced through part one, and takes you in the end to topics such as array formulas, data tables, pivot tables, etc. The other parts of the book discusses a variety of subjects such as net present value, internal rate of return, risk, portfolio theory, CAPM, VaR, project valuation, asset valuation, firm valuation, loan, leasing, stocks, bonds, options, simulation, sensitivity analysis, etc.



Hands On Financial Modeling With Microsoft Excel 2019

Hands On Financial Modeling with Microsoft Excel 2019 PDF
Author: Shmuel Oluwa
Publisher: Packt Publishing Ltd
ISBN: 1789531632
Size: 16.80 MB
Format: PDF, ePub, Docs
Category : Computers
Languages : en
Pages : 292

Get Book

Hands On Financial Modeling With Microsoft Excel 2019

by Shmuel Oluwa, Hands On Financial Modeling With Microsoft Excel 2019 Books available in PDF, EPUB, Mobi Format. Download Hands On Financial Modeling With Microsoft Excel 2019 books, Explore the aspects of financial modeling with the help of clear and easy-to-follow instructions and a variety of Excel features, functions, and productivity tips Key Features A non data professionals guide to exploring Excel's financial functions and pivot tables Learn to prepare various models for income and cash flow statements, and balance sheets Learn to perform valuations and identify growth drivers with real-world case studies Book Description Financial modeling is a core skill required by anyone who wants to build a career in finance. Hands-On Financial Modeling with Microsoft Excel 2019 examines various definitions and relates them to the key features of financial modeling with the help of Excel. This book will help you understand financial modeling concepts using Excel, and provides you with an overview of the steps you should follow to build an integrated financial model. You will explore the design principles, functions, and techniques of building models in a practical manner. Starting with the key concepts of Excel, such as formulas and functions, you will learn about referencing frameworks and other advanced components of Excel for building financial models. Later chapters will help you understand your financial projects, build assumptions, and analyze historical data to develop data-driven models and functional growth drivers. The book takes an intuitive approach to model testing, along with best practices and practical use cases. By the end of this book, you will have examined the data from various use cases, and you will have the skills you need to build financial models to extract the information required to make informed business decisions. What you will learn Identify the growth drivers derived from processing historical data in Excel Use discounted cash flow (DCF) for efficient investment analysis Build a financial model by projecting balance sheets, profit, and loss Apply a Monte Carlo simulation to derive key assumptions for your financial model Prepare detailed asset and debt schedule models in Excel Discover the latest and advanced features of Excel 2019 Calculate profitability ratios using various profit parameters Who this book is for This book is for data professionals, analysts, traders, business owners, and students, who want to implement and develop a high in-demand skill of financial modeling in their finance, analysis, trading, and valuation work. This book will also help individuals that have and don't have any experience in data and stats, to get started with building financial models. The book assumes working knowledge with Excel.



Financial Modeling

Financial Modeling PDF
Author: Michael Bloss
Publisher: Schäffer-Poeschel
ISBN: 3791036351
Size: 64.31 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : de
Pages : 640

Get Book

Financial Modeling

by Michael Bloss, Financial Modeling Books available in PDF, EPUB, Mobi Format. Download Financial Modeling books, Die Autoren bieten einen anwendungsorientierten Leitfaden zu den zentralen Themenkomplexen Financial Modeling Standards, Model Review, Investition und Finanzierung, Corporate Finance, Portfolio Management sowie Derivate. Zwei Kapitel zu Financial Modeling Excel® und VBA® komplettieren das finanzwirtschaftliche Know-how. Der Kurscharakter des Buches und die praxisnahen Beispiele ermöglichen ein schnelles und interaktives Lernen. Als Nachschlagewerk leistet der Band auch Praktikern wertvolle Dienste. In der 2. Auflage überarbeitet und erweitert.



Financial Modeling Actuarial Valuation And Solvency In Insurance

Financial Modeling  Actuarial Valuation and Solvency in Insurance PDF
Author: Mario V. Wüthrich
Publisher: Springer Science & Business Media
ISBN: 3642313922
Size: 44.59 MB
Format: PDF, ePub
Category : Mathematics
Languages : en
Pages : 432

Get Book

Financial Modeling Actuarial Valuation And Solvency In Insurance

by Mario V. Wüthrich, Financial Modeling Actuarial Valuation And Solvency In Insurance Books available in PDF, EPUB, Mobi Format. Download Financial Modeling Actuarial Valuation And Solvency In Insurance books, Risk management for financial institutions is one of the key topics the financial industry has to deal with. The present volume is a mathematically rigorous text on solvency modeling. Currently, there are many new developments in this area in the financial and insurance industry (Basel III and Solvency II), but none of these developments provides a fully consistent and comprehensive framework for the analysis of solvency questions. Merz and Wüthrich combine ideas from financial mathematics (no-arbitrage theory, equivalent martingale measure), actuarial sciences (insurance claims modeling, cash flow valuation) and economic theory (risk aversion, probability distortion) to provide a fully consistent framework. Within this framework they then study solvency questions in incomplete markets, analyze hedging risks, and study asset-and-liability management questions, as well as issues like the limited liability options, dividend to shareholder questions, the role of re-insurance, etc. This work embeds the solvency discussion (and long-term liabilities) into a scientific framework and is intended for researchers as well as practitioners in the financial and actuarial industry, especially those in charge of internal risk management systems. Readers should have a good background in probability theory and statistics, and should be familiar with popular distributions, stochastic processes, martingales, etc.



Financial Modeling For Equity Research

Financial Modeling for Equity Research PDF
Author: John Moschella CFA CPA
Publisher:
ISBN: 9781689598323
Size: 45.20 MB
Format: PDF
Category :
Languages : en
Pages : 239

Get Book

Financial Modeling For Equity Research

by John Moschella CFA CPA, Financial Modeling For Equity Research Books available in PDF, EPUB, Mobi Format. Download Financial Modeling For Equity Research books, From the Author: This is not another boring, impossible to read, thousand-page textbook. On the contrary, this is an exciting journey into the world of Wall Street-style financial modeling. The motivation behind this book comes from my days as a new research analyst, trying to juggle the demands of 80-plus hour work weeks, FINRA exams, and client meetings, while attempting to learn the basics of modeling. At the time I sought outside educational resources only to find useless classes focused on spreadsheet tricks, or high-level theory-based books with little practical value. What I really needed was someone to sit down, and show me exactly how to build a model, using a real company as an example, from start to finish. Now, years after leaving the sell-side rat race, I have written the book that I sought when I was new to the street. The result is a clear, concise, easy to read guide on how to build a three-statement model. The book starts with an introduction to the industry and important background information for new analysts. Then, beginning with a blank spreadsheet, the text demonstrates exactly how to build a model using an actual company example. Throughout the chapters there are numerous images of the model which highlight key elements, as if I were pointing to a computer screen and explaining it directly to the reader. There are also more than 30 spreadsheets available for download to follow along with the text. After the model is built, I discuss effective ways to use it for forecasting and share valuation, and demonstrate how to maintain the model over time. I have also included insight from my experience in research, pitfalls to watch for, and frequently asked questions from my research team, to help add color to the subject matter. This book is a self-published, grassroots effort. You will not find a shiny professional cover or expert photographs inside. This book is less what you would expect from a traditional textbook, and closer to an informal conversation between me and the reader. Sometimes all you need is to talk to someone who has been there, and that is what you will get between these two covers. Ultimately the goal is to have my readers come away from their experience feeling empowered and excited to build an earnings model of their own. Regardless of whether or not you intend to start a career in equity research, if you would like to learn how to model earnings for a company, then this book is a good place to get started.



Building Financial Models Third Edition The Complete Guide To Designing Building And Applying Projection Models

Building Financial Models  Third Edition  The Complete Guide to Designing  Building  and Applying Projection Models PDF
Author: John S. Tjia
Publisher: McGraw-Hill Education
ISBN: 9781260108828
Size: 19.77 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 432

Get Book

Building Financial Models Third Edition The Complete Guide To Designing Building And Applying Projection Models

by John S. Tjia, Building Financial Models Third Edition The Complete Guide To Designing Building And Applying Projection Models Books available in PDF, EPUB, Mobi Format. Download Building Financial Models Third Edition The Complete Guide To Designing Building And Applying Projection Models books, The go-to guide for developing effective financial analysis and valuation models—updated with new content and materials This fully revised edition of Building Financial Models builds on the elements that have made it renowned in the field of financial modeling, including how to develop a sound conceptual understanding of accounting for modeling and how to apply the tools at hand, which are the two key attributes for producing effective and easy-to-use models. A classic in how-to books for designing and building financial models for use in a wide variety of finance roles, this edition includes: * The latest Microsoft Excel shortcuts, functions, and modeling techniques* A full chapter on accounting that takes the mystery out of the subject for modeling work* Expert methods for building models that are easy to understand and superbly fit to the task* New additional materials on valuation analysis and sections on scenarios and sensitivity analysis through the use of Data Tables Supported by all-new exercise files from the companion website, this comprehensive guide takes you step by step through the entire process of developing a projection model, starting with a basic pilot model with each chapter introducing additional concepts and features. By the end, you will produce—through your own hands-on participation--a fully functional and dynamic integrated financial statement projection and valuation model. With Building Financial Models, Third Edition, you have everything you need to boost your financial modeling expertise.



The Oxford Guide To Financial Modeling

The Oxford Guide to Financial Modeling PDF
Author: Thomas S. Y. Ho
Publisher: Oxford University Press on Demand
ISBN: 019516962X
Size: 75.74 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 735

Get Book

The Oxford Guide To Financial Modeling

by Thomas S. Y. Ho, The Oxford Guide To Financial Modeling Books available in PDF, EPUB, Mobi Format. Download The Oxford Guide To Financial Modeling books, Presents the financial models of stock and bond options, exotic options, investment-grade and high-yield bonds, convertible bonds, mortgage-backed securities, credit derivatives, liabilities of financial institutions, the business model, and the corporate model. It also describes the applications of the models to corporate finance and relates the models to fair value accounting, enterprise risk management, and asset/liability management with illiquid instruments. Each chapter introduces a practical problem and then the financial models that provide the business solutions.