There is no magic formula for making money. But hidden inside the financial statements of all companies is a wealth of information.
To preserve and grow your precious capitaL, you need to be able to dissect a company before you invest. You need to find those companies that have hidden value and-just as important- Learn to avoid those flashing 'danger' signs.
Peter TempLe is a highly experienced investment analyst, a down-to-earth financial journalist, and a successful private investor. In this book he:
explains the investment jargon you read in the financial pages
teLLs you in plain Language how to caLcuLate financial ratios - those alL-important'magic numbers'
gives clear worked examples of them from the accounts of real companies including Yahoo!, McDonaLd's, NTT DoCoMo, and BP
shares with you his 30 years' experience of how to interpret the numbers. Magic Numbers is the essential guide to making objective judgements about companies and their shares. If you don't want to see your money cut in half or vanish altogether, we strongly recommend you read this book.
【作者简介】
Peter Temple was born in the North of EngLand. He is a graduate in economics and statistics fromthe University of Wales, and a Fellow of the UK Securities Institute. After an 18-year career as an investment analyst in fund management and investment bank
【目录】
Acknowledgments
Introduction
Part One: Market-based "Magic Numbers"
1 Market capitalization
2 Enterprise value
3 Price-earnings ratio
4 Dividend yield
5 PEG factor
6 Price to sales ratio
7 EV/EBITDA
8 Price/book value
Part Two: Income Statement "Magic Numbers"
9 Margins
10 Interest cover
11 Earnings per share
12 Dividend cover
Part Three: Balance Sheet "Magic Numbers"
13 Current ratio and acid ratio
14 Debtor days and creditor days
15 Stock days and stockturn
16 Gearing
17 Price/cash ratio
18 Burn rate
19 Return on capital employed
20 Return on average equity
21 Net tangible asset value
22 Premium/(discount) to NAV
Part Four: Cash Flow-based "Magic Numbers"
23 Free cash flow
24 Fixed asset spending/depreciation
25 Operating cash flow/operating profit
26 Price to free cash flow ratio
Part Five: Risk, Return, and Volatility "Magic Numbers"
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