Equity Valuation: Models from Leading Investment Banks

Preface

The goal of this book is to open the doors of leading investment banks to our readers and to explain in a clear and user-friendly way how portfolio managers and financial analysts at leading investment banks analyze firms. This book reveals how experts at leading investment banks such as Deutsche Bank, Goldman Sachs, Morgan Stanley, Credit Suisse and UBS really value companies. Unlike most other publications, Equity Valuation: Models from Leading Investment Banks does not focus on just one valuation model but discusses different valuation frameworks used in the investment industry today. The book is organized as follows:

This preface provides a summary of the content and the key concepts of each part, and introduces the authors.

Part I

Content	Today almost every sophisticated valuation model used by leading investment banks is based on discounted cash flows. Jan Viebig and Thorsten Poddig give a systematic overview about the most important discounted cash flow models used in practice and illustrate the models by hands-on examples. Readers already familiar with basic valuation models are encouraged to skip Part I.
Authors/Organization	Jan Viebig is a managing director at DWS Investment GmbH. He manages hedge funds for DWS from Frankfurt. DWS Investment GmbH is part of Deutsche Asset Management (DeAM), the global asset division of Deutsche Bank. Thorsten Poddig is Professor ...