Firm, equity asset, and fixed income securities valuation: practical examples and case studies for accounting and financial analyst students

Table of contents:
Introduction to Valuation
Vusani Moyo
Pages 1-14
The Basics of Time Value of Money
Vusani Moyo
Pages 15-63
Valuation of Cash Flows, Annuities, and Perpetuities
Vusani Moyo
Pages 65-127
Sources and Cost of Long-Term Capital
Vusani Moyo
Pages 129-218
Valuation of Fixed Income Securities
Vusani Moyo
Pages 219-240
Valuation of Equities
Vusani Moyo
Pages 241-284
Firm and Equity Valuation Using Free Cash Flow Models
Vusani Moyo
Pages 285-340
Valuation Using Multiples
Vusani Moyo
Pages 341-432
Valuation Using the Residual Income Valuation Model
Vusani Moyo
Pages 433-476

[https://link.springer.com/book/10.1007/978-3-031-60530-7]

This textbook begins by introducing the concept of the time value of money and explaining how it is applied in valuation. It then uses practical and easy-to-understand examples to illustrate the application of the time value of money concept in valuing cash flows, annuities, and perpetuities. This is followed by an in-depth discussion of the firm's financing sources and the determination of its cost of capital. The remainder of the textbook discusses the valuation of fixed-income securities, equity assets, and the firm, featuring specific examples and case studies from South Africa, Europe, and the Americas. Equity asset and firm valuation approaches discussed include variants of single and multiple-stage growth dividend discount models, free cash flows, residual income, and multiple valuation approaches. The practical examples and case studies equip students with the tools they need to apply these valuation approaches. Aimed at upper undergraduate and postgraduate accounting and finance students, this textbook discusses in which context each valuation approach is most appropriate. Electronic supplementary materials are available online by chapter.

(https://link.springer.com/book/10.1007/978-3-031-60530-7)