Jerald E. Pinto (CFA), Elaine Henry (CFA), Thomas R. Robinson (CFA), John D. Stowe (CFA) with Stephen E. Wilcox (CFA)
Intro -- EQUITY ASSET VALUATION -- CONTENTS -- PREFACE -- THE CFA PROGRAM -- ACKNOWLEDGMENTS -- ABOUT THE CFA INSTITUTE INVESTMENT SERIES -- THE TEXTS -- CHAPTER 1 OVERVIEW OF EQUITY SECURITIES -- LEARNING OUTCOMES -- 1. INTRODUCTION -- 2. EQUITY SECURITIES IN GLOBAL FINANCIAL MARKETS -- 3. TYPES AND CHARACTERISTICS OF EQUITY SECURITIES -- 3.1. Common Shares -- 3.2. Preference Shares -- 4. PRIVATE VERSUS PUBLIC EQUITY SECURITIES -- 5. INVESTING IN NON-DOMESTIC EQUITY SECURITIES -- 5.1. Direct Investing -- 5.2. Depository Receipts -- 6. RISK AND RETURN CHARACTERISTICS OF EQUITY SECURITIES -- 6.1. Return Characteristics of Equity Securities -- 6.2. Risk of Equity Securities -- 7. EQUITY SECURITIES AND COMPANY VALUE -- 7.1. Accounting Return on Equity -- 7.2. The Cost of Equity and Investors' Required Rates of Return -- 8. SUMMARY -- REFERENCES -- PRACTICE PROBLEMS -- CHAPTER 2 INTRODUCTION TO INDUSTRY AND COMPANY ANALYSIS -- LEARNING OUTCOMES -- 1. INTRODUCTION -- 2. USES OF INDUSTRY ANALYSIS -- 3. APPROACHES TO IDENTIFYING SIMILAR COMPANIES -- 3.1. Products and/or Services Supplied -- 3.2. Business-Cycle Sensitivities -- 3.3. Statistical Similarities -- 4. INDUSTRY CLASSIFICATION SYSTEMS -- 4.1. Commercial Industry Classification Systems -- 4.2. Governmental Industry Classification Systems -- 4.3. Strengths and Weaknesses of Current Systems -- 4.4. Constructing a Peer Group -- 5. DESCRIBING AND ANALYZING AN INDUSTRY -- 5.1. Principles of Strategic Analysis -- 5.2. External Influences on Industry Growth, Profitability, and Risk -- 6. COMPANY ANALYSIS -- 6.1. Elements That Should Be Covered in a Company Analysis -- 6.2. Spreadsheet Modeling -- 7. SUMMARY -- REFERENCES -- PRACTICE PROBLEMS -- CHAPTER 3 EQUITY VALUATION: CONCEPTS AND BASIC TOOLS -- LEARNING OUTCOMES -- 1. INTRODUCTION -- 2. ESTIMATED VALUE AND MARKET PRICE.
