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Rational investing with ratios implementing ratios with enterprise value and behavioral finance /

Bibliographic Details
Main Author: Coulon, Yannick
Corporate Author: ProQuest (Firm)
Format: Electronic eBook
Language:English
Published: Cham : Palgrave Macmillan, 2020.
Subjects:
Investments.
Investments > Statistical methods.
Electronic books.
Online Access:Connect to the full text of this electronic book
Table of Contents:
  • Intro
  • Preface
  • Why Do You Need This Book?
  • Ratio Quality and Limitations
  • Accuracy or Trend
  • Comparisons Have Limitations
  • Ratios Are a Beginning, Not an End Unto Themselves
  • Ratios Are Numerous
  • Ratios for Family Businesses and Corporations
  • Enterprise Value (EV)
  • A Touch of Behavioral Finance
  • The Narrative Thread
  • Acknowledgments
  • Contents
  • List of Figures
  • List of Tables
  • Chapter 1: Presentation of Key Financial Metrics and Enterprise Value
  • 1.1 The Balance Sheet, Income and Cash Flow Statements
  • 1.1.1 The Balance Sheet
  • Liability Versus Debt, Definition and Scope
  • 1.1.2 The Income Statement
  • 1.1.3 The Cash Flow Statement
  • 1.2 The Cash Flows
  • 1.2.1 FCFF and FCFE
  • 1.2.2 EBITDA
  • 1.2.3 Recurring Cash Flows
  • Company Comparison: Bogey or Eagle?
  • 1.3 Enterprise Value (EV)
  • 1.3.1 Capital Employed and Operating Assets
  • 1.3.2 Examples of Capital Employed Calculations
  • The Treatment of Cash and Cash Equivalents Can Be Complex!
  • Conclusions: SGVSL's Capital Employed
  • Conclusions: SGVSL and SGVSL Excess's Capital Employed
  • 1.3.3 Non-Core Assets
  • 1.3.4 Definition of Enterprise Value
  • EV Is Valued at Market Price
  • EV and the Market Value of Equity
  • 1.3.5 The EV Concept Applied to Comparable Companies
  • 1.3.6 The EV Concept Applied to Real Estate Investments
  • Successive Sales of Real Estate Property Alpha
  • Creation of a New Lot, Beta, Within the Large Tract of Land in 2020
  • 1.3.7 EV Equations
  • Market Value of Debt Versus Book Value of Debt
  • Market Capitalization Definition
  • 1.3.8 EV Calculation (MTM Accounting)
  • Company SEGA's EV Calculation
  • 1.3.9 EV Calculation (Using DCF Method)
  • On the Importance of Non-Core Assets
  • 1.4 Key Takeaways on Key Financial Metrics and Enterprise Value
  • References and Further Reading
  • Chapter 2: Efficiency Ratios
  • 2.1 Efficiency Ratios
  • 2.2 Inventory Days
  • 2.3 Accounts Receivable Days
  • 2.4 Accounts Payable Days
  • 2.5 Working Capital Definitions
  • 2.6 Non-Cash Working Capital Financing
  • 2.7 Working Capital Management
  • 2.8 Key Takeaways on Efficiency Ratios and Their Limitations
  • References and Further Reading
  • Chapter 3: Key Liquidity and Solvency Ratios
  • 3.1 Liquidity Versus Solvency
  • 3.2 Key Liquidity Ratios
  • 3.2.1 The Three Main Liquidity Ratios
  • 3.2.2 Liquidity Ratios of an Illiquid Company
  • Company Omega
  • 3.2.3 Liquidity Ratios of a Financially Sound Company
  • Company Sigma
  • 3.3 Key Solvency Metrics
  • 3.3.1 Net Worth and Solvency Ratios
  • 3.4 Case Studies of Three Companies Showing Contrasting Financial Situations
  • 3.4.1 The Best-Case Scenario
  • Liquidity Ratios
  • Solvency Ratios
  • 3.4.2 The Grey Scenario
  • Liquidity Ratios
  • Solvency Ratios
  • 3.4.3 The Worst-Case Scenario
  • Liquidity Ratios
  • Solvency Ratios
  • Solvency at Its Worst!
  • 3.5 Key Takeaways on Liquidity Plus Solvency Ratios and Their Limitations