フリーキャッシュフローと株主利回り Free Cash Flow and Shareholder Yield : New Priorities for the Global Investor

Priest, William W./ McClelland, Lindsay H.

John Wiley & Sons Inc（2007/01発売）

• 製本 Hardcover:ハードカバー版／ページ数 169 p.
• 言語 ENG
• 商品コード 9780470128336
• DDC分類 332.673

Full Description

Praise for Free Cash Flow and Shareholder Yield "Free Cash Flow and Shareholder Yield provides a provocative solution to the profound paradigm shift now redefining valuation standards for markets around the globe. In commonsense terms, it defines how the investment community has begun the journey of shifting to the more dependable, robust metric of free cash flow."
—Rob Brown, Chief Investment Officer, Genworth Financial Asset Management, Inc.

This graph tells a singularly compelling story of the changing order of the drivers of total equity returns. In Free Cash Flow and Shareholder Yield, you will learn how this story is the key to informed investing in an evolving global marketplace.

Contents

Foreword ix

Preface xiii

Acknowledgments xv

Part One Defining Free Cash Flow and Shareholder Yield

Chapter 1 Free Cash Flow 3

Chapter 2 The Sources of Equity Return 23

Chapter 3 Shareholder Yield in Depth 39

Chapter 4 Focus on Dividends 59

Part Two The New Investment Landscape

Chapter 5 Globalization 67

Chapter 6 Interest Rates, Bubbles, and Punctuated Equilibriums 95

Part Three Strategies for the New Investment Landscape

Chapter 7 Investing in Today's Capital Markets 133

Appendix Continuous-Time Free Cash Flow Valuation Framework 143

Notes 157

References 163

Index 165