How To Value Stocks: A practical guide to figuring out what a company is worth

A practical guide to figuring out what a company is worth This book will teach you how to value any public company. People think valuation is complicated, and that you need giant spreadsheets of data to do it. But they’re wrong. This handbook is written in plain English, and will equip you with the skills you need to calculate any stock’s fair value. You will be taken step-by-step through the entire valuation process and gain a solid foundation for making better investment decisions. This book will gradually build your understanding—each chapter expands on the previous one. It will lead you from not knowing anything about valuation to having a deep understanding. It is also packed with fascinating real-world examples to illustrate key points. This book is for you whether you know nothing about valuation or are an experienced investor looking to improve your skills. All you need is the desire to learn. Chapters Intuition Building blocks Risk free rates Equity risk premiums Relative risk and equity costs Free cash flows Growth and reinvestment Capitalisation adjustments Stable value Closing out the valuation Appendix of useful data Edmund Simms Edmund is an experienced investor and writer with over a decade in funds management. Originally from Australia but living in London, Edmund manages a private investment partnership and is the editor of Valuabl, a popular financial journal.