,Contents
Cover
Half Title page
Title page
Copyright page
Acknowledgements
Preface
Chapter 1: Introduction
1.1 Importance and Development of Business Accountancy
1.2 Composition and Structure of Financial Statements
Chapter 2: Key Ratios for Return and Profitability
2.1 Return on Equity
2.2 Net Profit Margin
2.3 EBIT/EBITDA Margin
2.4 Asset Turnover
2.5 Return on Assets
2.6 Return on Capital Employed
2.7 Operating Cash Flow Margin
Chapter 3: Ratios for Financial Stability
3.1 Equity Ratio
3.2 Gearing
3.3 Dynamic Gearing Ratio
3.4 Net Debt/EBITDA
,3.5 Capex Ratio
3.6 Asset Depreciation Ratio
3.7 Productive Asset Investment Ratio
3.8 Cash Burn Rate
3.9 Current and Non-Current Assets to Total Assets Ratio
3.10 Equity to Fixed Assets Ratio and Equity and Long-Term Liabilities to Fixed Assets Ratio
3.11 Goodwill Ratio
Chapter 4: Ratios for Working Capital Management
4.1 Days Sales Outstanding and Days Payables Outstanding
4.2 Cash ratio
4.3 Quick Ratio
4.4 Current Ratio/Working Capital Ratio
4.5 Inventory Intensity
4.6 Inventory Turnover
4.7 Cash Conversion Cycle
4.8 Ratios for Order Backlog and Order Intake
Chapter 5: Business Model Analysis
5.1 Circle of Competence
5.2 Characteristics
5.3 Framework Conditions
5.4 Information Procurement
5.5 Industry and Business Analysis
5.6 SWOT Analysis
, 5.7 Boston Consulting Group (BCG) Analysis
5.8 Competitive Strategy
5.9 Management
Chapter 6: Profit Distribution Policy
6.1 Dividend
6.2 SHARE BUYBACK
6.3 Conclusion
Chapter 7: Valuation Ratios
7.1 Price-to-Earnings Ratio
7.2 Price-to-Book Ratio
7.3 Price-to-Cash Flow Ratio
7.4 Price-to-Sales Ratio
7.5 Enterprise Value Approach
7.6 EV/EBITDA
7.7 EV/EBIT
7.8 EV/FCF
7.9 EV/Sales
Chapter 8: Company Valuation
8.1 Discounted Cash Flow Model
8.2 Valuation Using Multiples
8.3 Financial Statement Adjustments
8.4 Overview of the Valuation Methods
Chapter 9: Value Investing
Cover
Half Title page
Title page
Copyright page
Acknowledgements
Preface
Chapter 1: Introduction
1.1 Importance and Development of Business Accountancy
1.2 Composition and Structure of Financial Statements
Chapter 2: Key Ratios for Return and Profitability
2.1 Return on Equity
2.2 Net Profit Margin
2.3 EBIT/EBITDA Margin
2.4 Asset Turnover
2.5 Return on Assets
2.6 Return on Capital Employed
2.7 Operating Cash Flow Margin
Chapter 3: Ratios for Financial Stability
3.1 Equity Ratio
3.2 Gearing
3.3 Dynamic Gearing Ratio
3.4 Net Debt/EBITDA
,3.5 Capex Ratio
3.6 Asset Depreciation Ratio
3.7 Productive Asset Investment Ratio
3.8 Cash Burn Rate
3.9 Current and Non-Current Assets to Total Assets Ratio
3.10 Equity to Fixed Assets Ratio and Equity and Long-Term Liabilities to Fixed Assets Ratio
3.11 Goodwill Ratio
Chapter 4: Ratios for Working Capital Management
4.1 Days Sales Outstanding and Days Payables Outstanding
4.2 Cash ratio
4.3 Quick Ratio
4.4 Current Ratio/Working Capital Ratio
4.5 Inventory Intensity
4.6 Inventory Turnover
4.7 Cash Conversion Cycle
4.8 Ratios for Order Backlog and Order Intake
Chapter 5: Business Model Analysis
5.1 Circle of Competence
5.2 Characteristics
5.3 Framework Conditions
5.4 Information Procurement
5.5 Industry and Business Analysis
5.6 SWOT Analysis
, 5.7 Boston Consulting Group (BCG) Analysis
5.8 Competitive Strategy
5.9 Management
Chapter 6: Profit Distribution Policy
6.1 Dividend
6.2 SHARE BUYBACK
6.3 Conclusion
Chapter 7: Valuation Ratios
7.1 Price-to-Earnings Ratio
7.2 Price-to-Book Ratio
7.3 Price-to-Cash Flow Ratio
7.4 Price-to-Sales Ratio
7.5 Enterprise Value Approach
7.6 EV/EBITDA
7.7 EV/EBIT
7.8 EV/FCF
7.9 EV/Sales
Chapter 8: Company Valuation
8.1 Discounted Cash Flow Model
8.2 Valuation Using Multiples
8.3 Financial Statement Adjustments
8.4 Overview of the Valuation Methods
Chapter 9: Value Investing
