Some of the graphs and statistics reproduced in the book

ALL GRAPHS
  • FINANCIAL ANALYSIS
  • INVESTORS AND MARKETS
  • VALUE
  • CAPITAL STRUCTURE POLICIES
  • FINANCIAL MANAGEMENT

By nature and by fonction P&Ls worldwide

See chapter 3
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By nature and by fonction P&Ls worldwide

See Chapter 3 Earnings

EBITDA / SALES

See chapter 9

EBIT / SALES

See chapter 9

Breakeven points

See chapter 10

Working capital /Sales

See chapter 11

Working capital as % of sales

See chapter 11

Example of investment policy analysis

See chapter 11
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Example of investment policy analysis

See Chapter 11 Working capital and capital expenditures

NET DEBT/EBITDA

See chapter 12
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NET DEBT/EBITDA

See Chapter 12 Financing

How the wealth created is apportioned

See chapter 13

Number of listed companies

See chapter 15
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Number of listed companies

See Chapter 15 The financial markets

Market capitalisation of listed companies as of 31 December 2020

See chapter 15
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Market capitalisation of listed companies as of 31 December 2020

See Chapter 15 The financial markets

Event study

See chapter 15

Bank balance sheet and income statement

See chapter 15
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Bank balance sheet and income statement

See Chapter 15 The financial markets

Volume of trades on stock exchange in the world

See chapter 15
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Volume of trades on stock exchange in the world

See Chapter 15 The financial markets

Discounting and capitalisation at 15%

See chapter 16

Value of 1 euro capitalized at various rates

See chapter 16
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Value of 1 euro capitalized at various rates

See Chapter 16 The time value of money and net present value

Capitalisation and discounting

See chapter 16

Net Present Value and the discount rate

See chapter 16
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Net Present Value and the discount rate

See Chapter 16 The time value of money and net present value

Investment with multiple IRR

See chapter 17
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Investment with multiple IRR

See Chapter 17 The internal rate of return

Investment with no IRR

See chapter 17

Nominal returns in UK since 1900

See chapter 18
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Nominal returns in UK since 1900

See Chapter 18 Risk and return

Impact of the correlation coefficient on risk and return

See chapter 18
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Impact of the correlation coefficient on risk and return

See Chapter 18 Risk and return

Efficient frontier

See chapter 18
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Efficient frontier

See Chapter 18 Risk and return

Capital market line

See chapter 18
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Capital market line

See Chapter 18 Risk and return

Evolution of the value of a few financial assets since 1996

See chapter 18
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Evolution of the value of a few financial assets since 1996

See Chapter 18 Risk and return

Compared evolution Bouygues Deutsche Telekom Eurostoxx

See chapter 18
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Compared evolution Bouygues Deutsche Telekom Eurostoxx

See Chapter 18 Risk and return

Beta of Orange

See chapter 18

Beta of the Eurostoxx 50

See chapter 18
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Beta of the Eurostoxx 50

See Chapter 18 Risk and return

Worldwide Investment Fund Assets

See chapter 18
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Worldwide Investment Fund Assets

See Chapter 18 Risk and return

Liquidity premium

See chapter 19

Market risk premium in Europe and the USA

See chapter 19
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Market risk premium in Europe and the USA

See Chapter 19 The required rate of return

SML for the Euro zone

See chapter 19

Some yield curves as of 2008 and 2021

See chapter 20
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Some yield curves as of 2008 and 2021

See Chapter 20 Bonds

Eurozone corporate bond issuance

See chapter 20
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Eurozone corporate bond issuance

See Chapter 20 Bonds

Spreads in Europe, according to ratings

See chapter 20
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Spreads in Europe, according to ratings

See Chapter 20 Bonds

Cumulative average default rate

See chapter 20
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Cumulative average default rate

See Chapter 20 Bonds

Spreads in the USA, according to ratings

See chapter 20
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Spreads in the USA, according to ratings

See Chapter 20 Bonds

Outstanding Commercial Paper in the UK and the Eurozone

See chapter 21
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Outstanding Commercial Paper in the UK and the Eurozone

See Chapter 21 Other debt products

Syndicated loans worldwide

See chapter 21
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Syndicated loans worldwide

See Chapter 21 Other debt products

Securitisation

See chapter 21

Dividend yield

See chapter 22
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Dividend yield

See Chapter 22 Shares

P/E ratios

See chapter 22

EBIT multiples versus growth rates

See chapter 22
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EBIT multiples versus growth rates

See Chapter 22 Shares

PBR

See chapter 22

Binomial tree

See chapter 23
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Binomial tree

See Chapter 23 Options

Call option

See chapter 23

Put option

See chapter 23

Value of a call option

See chapter 23
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Value of a call option

See Chapter 23 Options

Value of a put option

See chapter 23
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Value of a put option

See Chapter 23 Options

Stock index volatility

See chapter 23
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Stock index volatility

See Chapter 23 Options

Real distribution versus Gaussian

See chapter 23
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Real distribution versus Gaussian

See Chapter 23 Options

Value of a convertible bond

See chapter 24
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Value of a convertible bond

See Chapter 24 Hybrid securities

Example of the 2026 Remy Cointreau convertible bond

See chapter 24
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Example of the 2026 Remy Cointreau convertible bond

See Chapter 24 Hybrid securities

Issue of convertibles bonds in Europe

See chapter 24
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Issue of convertibles bonds in Europe

See Chapter 24 Hybrid securities

ROCE, WACC for large liste European companies and stock market prices

See chapter 24
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ROCE, WACC for large liste European companies and stock market prices

See Chapter 24 Hybrid securities

Complexity of the deal

See chapter 25
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Complexity of the deal

See Chapter 25 Selling securities

Book-building

See chapter 25

Value creation for main European telecom companies

See chapter 26
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Value creation for main European telecom companies

See Chapter 26 Value and corporate finance

Evolution of financial indicators

See chapter 27
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Evolution of financial indicators

See Chapter 27 Measuring value creation

The weighted average cost of capital

See chapter 29
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The weighted average cost of capital

See Chapter 29 The cost of capital

Impact of debt level on betas of food stocks

See chapter 29
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Impact of debt level on betas of food stocks

See Chapter 29 The cost of capital

Cash flow fade

See chapter 31

Overview the different valuation methods

See chapter 31
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Overview the different valuation methods

See Chapter 31 Valuation techniques

The life cycle of value

See chapter 31
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The life cycle of value

See Chapter 31 Valuation techniques

EV/EBITDA multiples for change of control

See chapter 31
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EV/EBITDA multiples for change of control

See Chapter 31 Valuation techniques

Conventional approach to optimal capital structure

See chapter 32
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Conventional approach to optimal capital structure

See Chapter 32 Capital structure and the theory of perfect capital markets

Modern theory of capital structure

See chapter 32

Trade-off model

See chapter 33

Debt holders position

See chapter 34

A decomposition of the underlying asset value

See chapter 34
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A decomposition of the underlying asset value

See Chapter 34 Debt, equity and options theory

Market value balance sheet of Holding SA

See chapter 34
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Market value balance sheet of Holding SA

See Chapter 34 Debt, equity and options theory

Shareholders position

See chapter 34

Asset liability refinancing gap

See chapter 34
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Asset liability refinancing gap

See Chapter 34 Debt, equity and options theory

Financing alternatives and their impact on EPS

See chapter 35
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Financing alternatives and their impact on EPS

See Chapter 35 Working out details: The design of the capital structure

Net debt / Book equity

See chapter 35

Net debt / Market value of equity

See chapter 35

Inflation rate, real interest rate and real growth rate in the UK

See chapter 35
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Inflation rate, real interest rate and real growth rate in the UK

See Chapter 35 Working out details: The design of the capital structure

The lifecycle of a company and its capital structure

See chapter 35
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The lifecycle of a company and its capital structure

See Chapter 35 Working out details: The design of the capital structure

Impact of a dividend payment on share price

See chapter 36
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Impact of a dividend payment on share price

See Chapter 36 Returning cash to shareholders

Payout ratio for European groups

See chapter 37

Payout ratio in Europe and in the USA

See chapter 37

Payout ratio for Nestlé

See chapter 37

Payout ratio for Ford

See chapter 37

Top 20 share Buy-backs in Europe

See chapter 37

Dividends and share buy-backs for the top 40 French listed groups

See chapter 37
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Dividends and share buy-backs for the top 40 French listed groups

See Chapter 37 Distribution in practice: dividends and share buy-backs

Cash return to Total shareholders

See chapter 37

Capital increases since 1999

See chapter 38
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Capital increases since 1999

See Chapter 38 Share issues

Bank debts as a percentage of total bank and market debts of corporates

See chapter 39
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Bank debts as a percentage of total bank and market debts of corporates

See Chapter 39 Implementing a debt policy

Cash and cash equivalent as a percentage of total assets

See chapter 39
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Cash and cash equivalent as a percentage of total assets

See Chapter 39 Implementing a debt policy

Cumulative start-up business failure rate in the USA

See chapter 40
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Cumulative start-up business failure rate in the USA

See Chapter 40 Setting up a company or financing start-ups

Share price of Innate Pharma and Sanofi

See chapter 40
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Share price of Innate Pharma and Sanofi

See Chapter 40 Setting up a company or financing start-ups

Median European VC deal sizes

See chapter 40

The stage of financing of a successful start-up

See chapter 40
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The stage of financing of a successful start-up

See Chapter 40 Setting up a company or financing start-ups

Value and funds raised

See chapter 40

Number of listed companies

See chapter 41
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Number of listed companies

See Chapter 41 Shareholders

Global private capital raised

See chapter 41
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Global private capital raised

See Chapter 41 Shareholders

Private market assets under management

See chapter 41
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Private market assets under management

See Chapter 41 Shareholders

Simplified organigram of the Frère Group

See chapter 42
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Simplified organigram of the Frère Group

See Chapter 42 Choice of corporate structure

CEOs compensation

See chapter 43

Is the chairman a former CEO

See chapter 43
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Is the chairman a former CEO

See Chapter 43 Corporate governance

IPOs worlwide

See chapter 44

Worldwide merger activity

See chapter 45

The lifecycle of the firm

See chapter 45

Steps of an M&A process

See chapter 45

Structures for business combinations

See chapter 46
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Structures for business combinations

See Chapter 46 Mergers and Demergers

LBO debt structuring

See chapter 46

LBO exits in Europe since 2007

See chapter 47
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LBO exits in Europe since 2007

See Chapter 47 Leveraged buyouts (LBOs)

Buy-outs and buy-ins in continental Europe

See chapter 47
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Buy-outs and buy-ins in continental Europe

See Chapter 47 Leveraged buyouts (LBOs)

LBO financing ratios to EBITDA

See chapter 47
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LBO financing ratios to EBITDA

See Chapter 47 Leveraged buyouts (LBOs)

Spreads on senior LBO debt

See chapter 47
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Spreads on senior LBO debt

See Chapter 47 Leveraged buyouts (LBOs)

Bankruptcy rate of companies rated by Moody's

See chapter 48
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Bankruptcy rate of companies rated by Moody's

See Chapter 48 Bankruptcy and restructuring

Average recovery rate on bank loans and bonds of default American companies

See chapter 48
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Average recovery rate on bank loans and bonds of default American companies

See Chapter 48 Bankruptcy and restructuring

Payment periods are the result of 4 factors

See chapter 49
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Payment periods are the result of 4 factors

See Chapter 49 Managing working capital

Breakdown of payments tools in 2019

See chapter 50
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Breakdown of payments tools in 2019

See Chapter 50 Managing cash flows

Interest rate Swap

See chapter 50

Notional pooling and the risk of bankruptcy

See chapter 50
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Notional pooling and the risk of bankruptcy

See Chapter 50 Managing cash flows

International cash pooling

See chapter 50
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International cash pooling

See Chapter 50 Managing cash flows

Global credit derivatives market excluding asset swap

See chapter 51
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Global credit derivatives market excluding asset swap

See Chapter 51 Managing financial risks

Example of volatility

See chapter 51

CDS outstanding

See chapter 51

Top 20 Largest Listed Companies (€bn) - Benelux

See chapter 53
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Top 20 Largest Listed Companies (€bn) - Benelux

See Chapter 53 Appendix

Top 20 Largest Listed Companies (€bn) - Brazil

See chapter 53
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Top 20 Largest Listed Companies (€bn) - Brazil

See Chapter 53 Appendix

Top 20 Largest Listed Companies (€bn) - China

See chapter 53
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Top 20 Largest Listed Companies (€bn) - China

See Chapter 53 Appendix

Top 20 Largest Listed Companies (€bn) - France

See chapter 53
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Top 20 Largest Listed Companies (€bn) - France

See Chapter 53 Appendix

Top 20 Largest Listed Companies (€bn) - Germany

See chapter 53
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Top 20 Largest Listed Companies (€bn) - Germany

See Chapter 53 Appendix

Top 20 Largest Listed Companies (€bn) - India

See chapter 53
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Top 20 Largest Listed Companies (€bn) - India

See Chapter 53 Appendix

Top 20 Largest Listed Companies (€bn) - Italy

See chapter 53
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Top 20 Largest Listed Companies (€bn) - Italy

See Chapter 53 Appendix

Top 20 Largest Listed Companies (€bn) - Japan

See chapter 53
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Top 20 Largest Listed Companies (€bn) - Japan

See Chapter 53 Appendix

Top 20 Largest Listed Companies (€bn) - Morocco and Tunisia

See chapter 53
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Top 20 Largest Listed Companies (€bn) - Morocco and Tunisia

See Chapter 53 Appendix

Top 20 Largest Listed Companies (€bn) - Russia

See chapter 53
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Top 20 Largest Listed Companies (€bn) - Russia

See Chapter 53 Appendix

Top 20 Largest Listed Companies (€bn) - Spain

See chapter 53
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Top 20 Largest Listed Companies (€bn) - Spain

See Chapter 53 Appendix

Top 20 Largest Listed Companies (€bn) - Switzerland

See chapter 53
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Top 20 Largest Listed Companies (€bn) - Switzerland

See Chapter 53 Appendix

Top 20 Largest Listed Companies (€bn) - United Kingdom

See chapter 53
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Top 20 Largest Listed Companies (€bn) - United Kingdom

See Chapter 53 Appendix

Top 20 Largest Listed Companies (€bn) - United States

See chapter 53
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Top 20 Largest Listed Companies (€bn) - United States

See Chapter 53 Appendix