He is also writing a new book” dynamic financial analysis”, which will be published at the end of 2022.
The book “ Business Valuation” explains how the value of a company should be calculated. As always a valuation starts with the financial figures of the firm. Consequently the first part of the book explains how you should read the financial statements. In this context the use of the managerial balance sheet is explained to the reader. In the second part the most important valuation methods are explained. As discounted cash flow is not the only method to value a company, also Economic value added methods are explained. Once you have read the book, you will know for sure how you can calculate the value of a firm.
The book “ dynamic financial analysis” explains how you should make a financial analysis in a dynamic way. Traditional key performing indicators like solvability , liquidity, debt rate etc have no sense when a company is evolving very fast. When companies are in financial troubles or distressed, the traditional key performance indicators will show the opposite of the real situation. The book is a must read for everybody interested in finance.