Valuation

Find further case studies, examples and data updates for the book “The Art of Company Valuation and Financial Statement Analysis” (German original title “Unternehmensbewertung & Kennzahlenanalyse“) on this page which links to the relevant blog posts.

Chapter 1 – Introduction (p&l, balance sheet & cash flow statement basics)
Calculating free cashflow in a post IFRS 16 world

Chapter 2 – Key Ratios for Return and Profitability
How to calculate series: profit margins

Chapter 3 – Ratios for Financial Stability
How to calculate series: financial stability

Chapter 4 – Ratios for Working Capital Management
How to calculate series: working capital

Chapter 5 – Business Model Analysis

Chapter 6 – Capital Allocation

Chapter 7 – Valuation Ratios
Using EV/EBITDA under IFRS 16: pitfalls and solutions

Chapter 8 – Company Valuation

Chapter 9 – Value Investing