Program analysis is the heart of modern compilers. Most control flow analyses are reduced to the problem of finding a fixed point in a certain transition system, and such fixed point is commonly computed through an iterative procedure that repeats tracing until convergence. This paper proposes a new method to analyze programs through recursive graph traversals instead of iterative procedures, based on the fact that most programs (without spaghetti GOTO) have wellstructured control flow graphs, graphs with bounded tree width. Our main techniques are; an algebraic construction of a control flow graph, called SP Term, which enables control flow analysis to be defined in a natural recursive form, and the Optimization Theorem, which enables us to compute optimal solution by dynamic programming. We illustrate our method with two examples; dead code detection and register allocation. Different from the traditional standard iterative solution, our dead code detection is described as a simple ...