The author of this book, Guo Yongqing, is a famous finance professor at Shanghai National Accounting Institute. This book is a summary of Professor Guo Yongqing's many years of teaching financial report analysis and his own stock investment practices. The financial report analysis content of this book has been used as handouts in several senior manager training classes at the Shanghai National Accounting Institute, and has been recognized and praised by students. The stock valuation content has been applied in the author's investment practice, helping him obtain excess returns above the market in the long term.
This book has 16 chapters in total. Chapters 1 and 2 introduce the basic knowledge of financial reporting and principles of financial reporting; Chapter 3 discusses the framework of financial reporting analysis; Chapter 4 discusses the relationship between corporate strategy and financial reporting; Chapter 5 discusses the relationship between financial reporting items; Chapter 6 discusses how to view a company's strategy and future from the cash flow of investing activities; Chapter 7 discusses how to view a company's capital management capabilities from the cash flow of financing activities; Chapter 8 starts from real business activities. , Tells the analysis of assets and capital; Chapter 9 is the analysis of the equity value increase table; Chapter 10 is the comprehensive analysis of the asset capital table and the equity value increase table; Chapter 11 is the regression to cash analysis; Chapter 12 discusses the stock price and stock value; Chapters 13 and 14 introduce the relative valuation method and the absolute valuation method; Chapter 15 introduces how to use the free cash flow discount model for stock valuation; Chapter 16 is the author's practical investment case.
Reader comments
I especially like the author's value-centered analysis, and he combines financial statements with the process of corporate value creation, which is very inspiring. However, I don't really like the complicated formulas and theories in the book, which makes it a bit difficult to read. However, the author's writing style is very concise and the logic is very clear. The framework of the whole book is very clear and easy to understand. Overall, this book was very helpful to me and I recommend it to you!
I especially like the author's value-centered analysis, and he combines financial statements with the process of corporate value creation, which is very inspiring. However, I don't really like the complicated formulas and theories in the book, which makes it a bit difficult to read. However, the author's writing style is very concise and the logic is very clear. The framework of the whole book is very clear and easy to understand. Overall, this book was very helpful to me and I recommend it to you!
This book is of good quality. Very thorough
Simple and easy to understand, to the point
Let people who don't study like reading
Good, good, good, good