CIIA英文教材《公司财务及股票估值与分析》股票估值与分析部分.doc

CIIA英文教材《公司财务及股票估值与分析》股票估值与分析部分 ILPIP Members Course Manual Equity Valuation and Analysis Copyright ?? 2008, AZEK/ILPIP, Geneva EQUITY VALUATION AND ANALYSIS COURSE MANUAL Copyright #038#0046999; 2008, AZEK/ILPIP EQUITY VALUATION AND ANALYSIS Copyright ?#0046999? 2008, AZEK/ILPIP All rights reserved#ff66ff. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of AZEK/ILPIP#ff66ff. 1) Equity Markets and Structures 2) Understanding the Industry Life Cycle 3) Analysing the Industry Sector and its Constituent Companies 4) Valuation Model of Common Stock 5) Exercises: Questions 6) Exercises: Solutions EQUITY VALUATION AND ANALYSIS Chapter 1 EQUITY MARKETS AND STRUCTURES Copyright #03#0046999; 2008, AZEK/ILPIP EQUITY VALUATION AND ANALYSIS Copyright ?#0046999? 2008, AZEK/ILPIP All rights reserved#ff66ff. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of AZEK/ILPIP#ff66ff. Table of contents 1#ff66ff. Equity Markets and Structure 1 1#ff66ff.1 Types of equity securities#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#ff66ff.#