Dear David:

This free book (6th edition, updated until September 2017) has 514 tables and

414 figures that are available (with all calculations) in Figures and Tables in Excel
Format
It also has more than 1,000 readers comments of previous editions. I use the book with
MBAs and Executives.You may use (resend, distribute, copy, photocopy…) the book
and any chapter as you wish.  I would very much appreciate any of your suggestions for
improving the book.
Best regards,Pablo Fernandez. Professor of Finance. IESEwebPage
IESE Business School
The 48 chapters may be downloaded for free at the following links: 

Valuation and Common Sense              Chapters Downloadable

Table of contents, acknowledgments,
  glossary http://ssrn.com/abstract=22
1 Company valuation methods http://ssrn.com/abstract=27
Cash flow is a fact. Net income is
2 http://ssrn.com/abstract=33
just an opinion
Ten badly explained topics in most
3 http://ssrn.com/abstract=20
corporate finance books
Cash flow valuation methods:
4 perpetuities, constant growth and http://ssrn.com/abstract=74
general case
Valuation using multiples: how do
5 http://ssrn.com/abstract=27
analysts reach their conclusions?
Valuing companies by cash flow
6 discounting: ten methods and nine http://ssrn.com/abstract=25
theories
Three residual income valuation
7 methods and discounted cash flow http://ssrn.com/abstract=29
valuation
WACC: definition, misconceptions
8 http://ssrn.com/abstract=16
and errors
Cash flow discounting:
9 fundamental relationships and http://ssrn.com/abstract=21
unnecessary complications
 How to value a seasonal company
10 http://ssrn.com/abstract=40
discounting cash flows
Optimal capital structure: problems
11 with the Harvard and Damodaran http://ssrn.com/abstract=27
approaches
Equity premium: historical,
12 http://ssrn.com/abstract=93
expected, required and implied
The equity premium in 150
13 http://ssrn.com/abstract=14
textbooks
Market risk premium used in 82
14 countries in 2012: a survey with http://ssrn.com/abstract=20
7,192 answers
Are calculated betas good for
15 http://ssrn.com/abstract=50
anything?
Beta = 1 does a better job than
16 http://ssrn.com/abstract=14
calculated betas
Betas used by professors: a survey
17 http://ssrn.com/abstract=14
with 2,500 answers
On the instability of betas: the case
18 http://ssrn.com/abstract=51
of Spain
Valuation of the shares after an
19 expropriation: the case of http://ssrn.com/abstract=21
ElectraBul
A solution to Valuation of the
20 shares after an expropriation: the http://ssrn.com/abstract=22
case of ElectraBul
Valuation of an expropriated
21 company: the case of YPF and http://ssrn.com/abstract=21
Repsol in Argentina
1,959 valuations of the YPF shares
22 http://ssrn.com/abstract=22
expropriated to Repsol
Internet valuations: the case of
23 http://ssrn.com/abstract=26
Terra-Lycos
24 Valuation of Internet-related http://ssrn.com/abstract=26
 companies
Valuation of brands and intellectual
25 http://ssrn.com/abstract=27
capital
Interest rates and company
26 http://ssrn.com/abstract=22
valuation
Price to earnings ratio, value to
27 http://ssrn.com/abstract=22
book ratio and growth
28 Dividends and share repurchases http://ssrn.com/abstract=22
29 How inflation destroys value http://ssrn.com/abstract=22
Valuing real options: frequently
30 http://ssrn.com/abstract=27
made errors
119 common errors in company
31 http://ssrn.com/abstract=10
valuations
Shareholder value creation: a
32 http://ssrn.com/abstract=26
definition
Shareholder value creators in the
33 http://ssrn.com/abstract=17
S&P 500: 1991 – 2010
EVA and ‘cash value added’ do
34 NOT measure shareholder value http://ssrn.com/abstract=27
creation
All-shareholder return, all-period
35 http://ssrn.com/abstract=23
returns and total index return
339 questions on valuation and
36 http://ssrn.com/abstract=23
finance
37 CAPM: an absurd model http://ssrn.com/abstract=25
CAPM: the model and 307
38 http://ssrn.com/abstract=25
comments about it
Value of tax shields (VTS): 3
39 theories with “some” common http://ssrn.com/abstract=25
sense
Expected and Required returns:
40 http://ssrn.com/abstract=25
very different concepts
 RF and Market Risk Premium
41 Used for 41 Countries in 2015: A http://ssrn.com/abstract=25
Survey
RF and MRP used by analysts in
42 http://ssrn.com/abstract=26
USA and Europe in 2015
Meaning of the P&L and of the
43 http://ssrn.com/abstract=26
Balance Sheet: Madera Inc
Net Income, cash flows, reduced
44 http://ssrn.com/abstract=26
balance sheet and WCR
Meaning of Net Income and
45 http://ssrn.com/abstract=26
Shareholders’ Equity
The Market Portfolio is NOT
46 http://ssrn.com/abstract=27
efficient
Is it Ethical to Teach that Beta and
47 https://ssrn.com/abstract=2
CAPM Explain Something?
Finance and Financial Economics:
48 https://ssrn.com/abstract=2
A debate