Book Description : Equity Analysis and Valuation with eVal closes the gap between the theoretical treatment of equity valuation and the actual practice of valuing a company using real-world data. While the underlying theories of financial analysis and valuation are given their due, the goal is always to answer the question, ?What is this company really worth??.-Equity Analysis and Valuation with eVal takes the view that sound forecasts of the future financial statements are the key input to a good valuation, and that most other aspects of the valuation process are mechanical and best left to computers to solve. To that end, the book includes eVal, an Excel-based software application that guides the user through the forecasting and valuation processes while taking care of the minute details of valuation computations. By providing a unified interface for the valuation process, eVal allows you to focus on the forecasting, not on the spreadsheet. eVal also includes financial data for over 8,000 companies along with links to company websites, SEC filings, forecasts and other great sources of data to improve the user?s forecasts. -Key features-Equity Valuation and Analysis with eVal is appropriate for students taking Financial Statement Analysis, Security Valuation, or Business Valuation course at the undergraduate, MBA, or executive MBA levels. The product also has a secondary market in corporate finance or valuation courses taught in the finance department. While eVal was formerly a standalone product that could be bundled with any valuation/FSA text, it is now packaged exclusively with Equity Valuation and Analysis.-Equity Analysis and Valuation with eVal is now a fully integrated learning and teaching package: text, software, cases and data are written and selected to complement each other at every step of the way. Instructors new to Lundholm and Sloan will find they have everything they need to teach a robust valuation course that balances both theory and application.-Equity Valuation and Analysis with eVal provides the best balance on the market today between theoretical rigor and practical application. Familiar company examples give students a realistic context in which to practice valuation techniques, while the eVal software eliminates the drudgery to allow the concepts to shine through.-More real-world examples give students further insight into how the tools of valuation apply to real companies.-The second edition features 16 new cases that have been incorporated into both the text and the software. Companies covered include Netflix, Overstock.com, Time Warner, Bally Total Fitness, Boston Chicken, Prepaid Legal Services, Amazon.com and several others.-eVal automates many repetitive tasks in financial statement analysis and valuation. It structures the process in a way that is logical and easy to follow, making it easy for students to learn valuation by doing it. And because eVal is built directly into Microsoft Excel, there is very little learning curve.-The sections on accounting analysis and earnings quality analysis have been expanded and improved.-The textbook presents the material in a concise, non-technical fashion perfect for today?s students.-Data can be manually entered into eVal by cutting and pasting from common web sources into an eVal template (the textbook suggests a number of sources for the necessary data).-The textbook uses the Kohl?s department store chain as a running example throughout.-Armed with the past financial statement data, eVal automatically conducts a comprehensive ratio and cash flow analysis and displays the results both numerically and graphically. For each ratio there is a hyperlink back to the textbook that explains the construction and interpretation of the ratio.-eVal prompts the student to enter cost of capital and other valuation assumptions and then presents a valuation of the company based on both the residual income and the discounted cash flow models. The forecasted value of the firm is the same for both models. Further, the textbook derives both valuation models and discusses the relevant issues when selecting cost of capital assumptions.less