{"product_id":"valuation-methods-of-internet-stocks-von-gunnar-anger","title":"Valuation methods of Internet stocks","description":"\u003cp\u003eInhaltsangabe:Abstract: \u003c\/p\u003e\u003cp\u003eThe purpose of this thesis is to discuss some important reasons for the recent boom of Internet stocks, and to show and assess different methods to evaluate them. \u003c\/p\u003e\u003cp\u003eThe Internet is a medium which is yet in the early days of its development and which will revolutionize communication habits, trade and leisure time behavior in an unseen manner. I will show this in the chapters 2 and 3 with psychological reasons for the recent boom. \u003c\/p\u003e\u003cp\u003eAfter that I present 3 typical Internet companies (Yahoo!, eBay, and Amazon.com) with their business content, financial data, and  future outlook. \u003c\/p\u003e\u003cp\u003eAfterwards, the analyzing part of this thesis starts, and I demonstrate which figures an investor should look at in order to have a broad overview about the investment. \u003c\/p\u003e\u003cp\u003eIn chapter 5 I present some financial figures from both the income statement as well as the balance sheet, in chapter 6 I give a survey of ratios which are used from analysts and make some comments about how practical they are. \u003c\/p\u003e\u003cp\u003eSubsequently, chapter 7 deals with more traditional valuation methods, used by institutions like the Federal Bank of America. These are general methods in order to show whether markets are over-\/ undervalued or not. \u003c\/p\u003e\u003cp\u003eAfter that, I present the valuation models used by investment banks: Economic Value Added (EVA, chapter 9), Discounted Cash Flow (DCF, chapter 10), Real options theory (chapter 11), and multiples (chapter 12). \u003c\/p\u003e\u003cp\u003eIn the last part I summarize the outcome and give an outlook how Stock orders are based on expectations only. \u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e Inhaltsverzeichnis:Table of contents: \u003c\/p\u003e\u003cp\u003e1.Introduction1 \u003c\/p\u003e\u003cp\u003e2.Day traders6 \u003c\/p\u003e\u003cp\u003e3.Principle of floating12 \u003c\/p\u003e\u003cp\u003e4.Presentation of 3 typical Internet companies: Yahoo!, eBay, and Amazon.com15 \u003c\/p\u003e\u003cp\u003e4.1Yahoo!16 \u003c\/p\u003e\u003cp\u003e4.1.1Business description16 \u003c\/p\u003e\u003cp\u003e4.1.2Financial data20 \u003c\/p\u003e\u003cp\u003e4.1.3The outlook24 \u003c\/p\u003e\u003cp\u003e4.2eBay26 \u003c\/p\u003e\u003cp\u003e4.2.1Business description26 \u003c\/p\u003e\u003cp\u003e4.2.2Financial data27 \u003c\/p\u003e\u003cp\u003e4.2.3The outlook29 \u003c\/p\u003e\u003cp\u003e4.3Amazon.com31 \u003c\/p\u003e\u003cp\u003e4.3.1Business description31 \u003c\/p\u003e\u003cp\u003e4.3.2Financial data34 \u003c\/p\u003e\u003cp\u003e4.3.3The outlook36 \u003c\/p\u003e\u003cp\u003e4.4Comparison eBay versus Amazon.com41 \u003c\/p\u003e\u003cp\u003e5.Financial figures to look at \u003c\/p\u003e\u003cp\u003e5.1Income statement analysis45 \u003c\/p\u003e\u003cp\u003e5.1.1Sales45 \u003c\/p\u003e\u003cp\u003e5.1.2Gross margin46 \u003c\/p\u003e\u003cp\u003e5.1.3Operating expenses46 \u003c\/p\u003e\u003cp\u003e5.2Balance sheet analysis47 \u003c\/p\u003e\u003cp\u003e5.2.1Inventories47 \u003c\/p\u003e\u003cp\u003e5.2.2Cash position47 \u003c\/p\u003e\u003cp\u003e5.2.3Quality of the management48 \u003c\/p\u003e\u003cp\u003e5.2.4The competitive landscape50 \u003c\/p\u003e\u003cp\u003e5.2.5Market position50 \u003c\/p\u003e\u003cp\u003e6.Ratios51 \u003c\/p\u003e\u003cp\u003e6.1Return an marketing52 \u003c\/p\u003e\u003cp\u003e6.2Price earnings to growth52 \u003c\/p\u003e\u003cp\u003e6.3Price\/earnings (P\/E) ratios as a traditional method56 \u003c\/p\u003e\u003cp\u003e6.4Price\/sales ratio57 \u003c\/p\u003e\u003cp\u003e6.5Debt\/capital [¿]\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838626024\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783838626024","offer_id":39459934109789,"sku":"9783838626024","price":48.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/f708a2f9-2ea0-4fea-971e-0884ee50bff1.jpg?v=1765004324","url":"https:\/\/shop.autorenwelt.de\/en\/products\/valuation-methods-of-internet-stocks-von-gunnar-anger","provider":"Autorenwelt Shop","version":"1.0","type":"link"}