Link to the Table of Contents of Valuation and Common Sense (6th edition) by Pablo Fernandez. Use the Table of Contents to access chapters of interest. Requires a (free) SSRN account to access full content.
Labitan emphasizes four filters, all of which involve in-depth research on an investment:
1) Develop an understanding of a company and its products
2) Does a company have a sustainable competitive advantage?
3) Does a company have able and trustworthy managers?
4) Is the company available at a bargain price?
Investigate a company's background, including products/services, executives, and financials. Also include investment analyst reports.
MergentOnline (formerly FISonline) is a subscription-based service offering information on over 15,000 U.S. public companies and 30,000 non-U.S. public companies. MergentOnline is produced by Mergent, Inc., formerly known as Moody's). Mergent/Moody's is a publisher of detailed business descriptions, corporate histories and financial statements since 1900. The database also includes the Country Report module, a module that consists of the following resources: DnB Country Risk Profile, DnB Country RiskLine Report, and Mergent Country Profile.
Search for a report about the industry your company operates in and check the "Key Statistics" tab for industry ratios
IBISWorld provides over 700 full-text industry reports, 700 US industry risk rating reports, and information on over 8000 Publicly Traded US Companies as well as hundreds of economic and demographic profiles.
A database covering venture capital, angel investment, and private equity. Useful for researching startups.
CB Insights is a venture capital, angel investment, and private equity database. It includes information about the financing and activities of start-ups (their industries, investors, and acquirers). Student and faculty entrepreneurs can use it to research a specific start-up or funder, or to create a list of start-ups. Students and faculty in Finance can use it to track deal activity. CB Insights can also help students identify prospective employers, especially high growth private companies. Penn State tech transfer units can use CB Insights to find potential partners. First-time users will be prompted to create an account using their Penn State email address. VPN information for remote users.
Tools and Templates
Below are links to data analysis tools and websites featuring Excel templates that can be used for bonds valuation and equity DCF/stock price valuation.