Equity asset valuation

Intro -- Equity Asset Valuation -- Contents -- Foreword -- Preface -- Acknowledgments -- About the CFA Institute Investment Series -- Chapter 1 Equity Valuation: Applications & Processes -- Learning Outcomes -- 1. Introduction -- 2. Value Definitions and Valuation Applications -- 2.1. What Is Value? -- 2.2. Applications of Equity Valuation -- 3. The Valuation Process -- 3.1. Understanding the Business -- 3.2. Forecasting Company Performance -- 3.3. Selecting the Appropriate Valuation Model -- 3.4. Converting Forecasts to a Valuation -- 3.5. Applying the Valuation Conclusion: The Analyst's Role and Responsibilities -- 4. Communicating Valuation Results -- 4.1. Contents of a Research Report -- 4.2. Format of a Research Report -- 4.3. Research Reporting Responsibilities -- 5. Summary -- References -- Problems -- Chapter 2 Return Concepts -- Learning Outcomes -- 1. Introduction -- 2. Return Concepts -- 2.1. Holding Period Return -- 2.2. Realized and Expected (Holding Period) Return -- 2.3. Required Return -- 2.4. Expected Return Estimates from Intrinsic Value Estimates -- 2.5. Discount Rate -- 2.6. Internal Rate of Return -- 3. The Equity Risk Premium -- 3.1. Historical Estimates -- 3.2. Forward-Looking Estimates -- 4. The Required Return on Equity -- 4.1. The Capital Asset Pricing Model -- 4.2. Multifactor Models -- 4.3. Build-Up Method Estimates of the Required Return on Equity -- 4.4. The Required Return on Equity: International Issues -- 5. The Weighted Average Cost of Capital -- 6. Discount Rate Selection in Relation to Cash Flows -- 7. Summary -- References -- Problems -- Chapter 3 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.