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Cover of Fair Value for NEPSE Stocks New · valuation
E-book · Intermediate

Fair Value for NEPSE Stocks

Graham's number, justified P/B, peer multiples, dividends and cash flow - how to value any NEPSE share, with our own track record.

22 pagesPDF16 chaptersEnglish
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Price is what you pay; value is what you get. This book teaches how to estimate what a NEPSE share is worth - the Graham number, justified price-to-book, peer P/E and P/B, the dividend discount model and discounted cash flow for hydro - with worked examples on real companies, and how to value banks, insurers, hydro and ordinary businesses differently. Then it shows our own record: on thousands of past stock-dates, how stocks below and above fair value did a year later, and how often our 12-month ranges held. With value traps, bonus and right shares, NEPSE against deposit rates and other markets, Graham's margin of safety and the Nifty Fifty.

What you'll learn

  • Four ways to value a NEPSE share, with worked examples
  • The dividend discount model and hydro cash flows
  • Valuing banks, insurers, hydro and the rest
  • Did fair value work? Our track record
  • Value traps: cheap for a reason
  • NEPSE's valuation against deposits and other markets

Contents

  1. Price is what you pay
  2. The building blocks
  3. Four ways to value a NEPSE share
  4. Valuing different sectors
  5. The dividend discount model
  6. Discounted cash flow for a hydro company
  7. Value traps
  8. NEPSE's valuation in context
  9. Did fair value work?
  10. Twelve-month targets
  11. Graham's margin of safety
  12. Global case studies
  13. Nepali specifics
  14. The valuation checklist
  15. Practice
  16. Glossary

A look inside

Sample page, enlarged

Sample pages. Every copy is licensed to its buyer and watermarked - please don't share or resell it. Education only, not investment advice: always backtest an idea yourself before trading it, and past results don't guarantee future results.

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