This edition includes a module on valuing technology and service companies. Accessible yet detailed, this book examines all the essential techniques and teaches you how to apply them successfully. Incorporating sections on technical analysis and economic value-added valuation modules, the 5 self-contained modules also include explanations of:

the principles behind equity analysis in the contexts of both the companies and markets;
- of how to interpret financial statements;
- how to produce accurate and practical ratio analyses;
- how to successfully measure the key value drivers in a company;
- valuing a company and its shares in order to maximise returns, including earnings valuations, asset valuation and the capital asset pricing model; and
- how to most effectively analyse information to forecast the future
- performance of a company by considering for example, the company's
- management style and the effects of technological advances on an industry.

• Euromoney DC Gardner workbooks allow you to learn in your own place at your own time.
  
• Practical and usable format: each workbook is divided into modules which can be read anytime anywhere
• Learn from the experts: the workbooks are written by expert market practitioners and edited by DC Gardner's training professionals to ensure clarity and readability
  
• Test your skills: each module contains self-test exercises to ensure that you have understood the contents
  
  
• A valuable and permanent reference: each workbook and module has a clear introduction explaining the essential concepts and glossaries explaining the technical terms
  

Contents of Equity Analysis - Training Manual

MODULE 1: INTRODUCTION TO EQUITY ANALYSIS
1. Methodology
2. The Role of Equity Analysis
3. Analytical Approaches
4. Fundamental Analysis Framework
5. SWOT analysis
6. Answers to Questions
7. Glossary

MODULE 2: FINANCIAL STATEMENT ANALYSIS
1. Methodology
2. Introduction
3. Accounting Standards Worldwide
4. Extracts of Accounting Standards for Sample Countries
5. Inflation Accounting
6. The Analysis Framework
7. The Income Statement
8. Assessing the Balance Sheet
9. Consolidated Accounts
10. Answers to Accounts
11. Glossary

MODULE 3: FINANCIAL RATIO ANALYSIS
1. Methodology
2. Introduction
3. The Analysis Framework
4. Efficiency Ratios
5. Profitability Ratios
6. Financial Standing Ratios
7. Investment Ratios
8. Limitations of Ratio Analysis
9. Industry Ratios
10. Answers to Questions
11. Glossary

MODULE 4: EQUITY VALUATION MODELS
1. Methodology
2. Introduction
3. Factors Affecting Share Prices
4. Section 1
Basic Valuation Models
Earnings Valuation
Asset Valuation
Market Capitalization
Historic and Prospective Data
5. Section 2
Advanced Valuation Models
Shareholder value
Capital Asset Pricing Model
Pricing Management Options
Answers to Questions
Glossary

MODULE 5: FORECASTING FUTURE PERFORMANCE
1. Methodology
2. Introduction: Historical vs Projected Analysis
3. Forecasting Methodology
4. Value Drivers
5. A Case Study
6. Answers to Questions
7. Glossary