Publisher: Wiley | ISBN: 0471647888 | edition 2004 | PDF | 512 pages | 13 mb
A modern approach to equity valuation
Understanding the key ingredients that combine to affect price/earnings (P/Es) is of crucial importance to the investment process. In Franchise Value, Martin Leibowitz tackles the imposing task of determining what really has an impact on P/Es. The author shows why he subscribes to the conventional logic that the P/E gauges the market’s assessment of the firm’s future. He then introduce readers to the franchise-value approach to analyzing the prospective cash flows that determine a company’s P/E. The franchise-value approach to valuation enables the analyst or investor to break the firm into two key component parts and to value those components. The franchise value approach is original and insightful, and with this book, readers can begin to implement this approach to perform better equity valuations.
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1 التعليقات:
With increasing numbers of business and businessman, the value of franchise has becoming very fast. In fact, there are almost people prefer franchise to begin their own business because you can become a successful businessman with a franchise business.
November 5, 2012 at 9:49 AMfranchise valuation
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