Corporate Finance 101: Equity Valuation

Corporate Finance 101: Equity Valuation, available at $34.99, has an average rating of 3.65, with 50 lectures, based on 72 reviews, and has 2881 subscribers.

You will learn about Understand company valuation, the role of cash flows, risk and return Apply important types of models: Dividend-Discount models, Free Cash Flow Models and Relative-Value models Calculate the cost of capital to a company This course is ideal for individuals who are Yep! Business majors and aspiring MBAs or Yep! Finance professionals who are rusty on equity valuation or Yep! CFA Candidates or Yep! Accountants looking to strengthen their applied corporate finance skills or Yep! Non-finance professionals, aspiring entrepreneurs looking to understand how companies are valued It is particularly useful for Yep! Business majors and aspiring MBAs or Yep! Finance professionals who are rusty on equity valuation or Yep! CFA Candidates or Yep! Accountants looking to strengthen their applied corporate finance skills or Yep! Non-finance professionals, aspiring entrepreneurs looking to understand how companies are valued.

Enroll now: Corporate Finance 101: Equity Valuation

Summary

Title: Corporate Finance 101: Equity Valuation

Price: $34.99

Average Rating: 3.65

Number of Lectures: 50

Number of Published Lectures: 50

Number of Curriculum Items: 50

Number of Published Curriculum Objects: 50

Original Price: $89.99

Quality Status: approved

Status: Live

What You Will Learn

Understand company valuation, the role of cash flows, risk and return
Apply important types of models: Dividend-Discount models, Free Cash Flow Models and Relative-Value models
Calculate the cost of capital to a company

Who Should Attend

Yep! Business majors and aspiring MBAs
Yep! Finance professionals who are rusty on equity valuation
Yep! CFA Candidates
Yep! Accountants looking to strengthen their applied corporate finance skills
Yep! Non-finance professionals, aspiring entrepreneurs looking to understand how companies are valued

Target Audiences

Yep! Business majors and aspiring MBAs
Yep! Finance professionals who are rusty on equity valuation
Yep! CFA Candidates
Yep! Accountants looking to strengthen their applied corporate finance skills
Yep! Non-finance professionals, aspiring entrepreneurs looking to understand how companies are valued

A zoom-in, zoom-out, connect-the-dots tour of Equity valuation

Let’s parse that

‘connect the dots’: Equity valuation is conceptually complex – that’s why plenty of folks mechanically follow the procedures, but don’t understand the valuation they end up with. This course makes sure that won’t happen to you.
‘zoom in’: Getting the details is very important in equity valuation – a small change in an assumption, and the value output by your model changes dramatically. This course gets the details right where they are important.
‘zoom out’: Details are important, but not always. This course knows when to switch to the big picture.

What’s Covered:

Equity Valuation Introduced:intrinsic value, price, valuation and market capitalisation.
Absolute Valuation Techniques focus on getting a point estimate of a company’s intrinsic value. This is invariably done by discounting a series of cash flows projected into the future.�
Net Present Value and Discounting Cash Flows: NPV is a crucial concept in finance – and in life. Understand what the present value of an asset is, how it relates to the rate of return on the asset, and how risky cash flow streams are handled.
CAPM, Weighted Average Cost of Capital and Required Equity Return: These are key concepts required in valuing the risky stream of cash flows that represent a company’s value.
Dividend Discount Models: A family of absolute value models that discount the dividends from a stock. Despite their seeming simplicity, there is some real wisdom embedded into these models. Understand them.
Free Cash Flow Valuation:�FCF valuation is a serious valuation tool. Understand how to use it right – and when not to use it.
FCFF and FCFE: The fine print on calculating Free Cash Flows to the Firm, and to Equity holders.

Course Curriculum

Chapter 1: You, Us & This Course

Lecture 1: You, Us & This Course

Chapter 2: Price, Value and Valuation

Lecture 1: Intrinsic Value

Lecture 2: Valuation Models

Lecture 3: Valuation and Market Cap

Lecture 4: A Taxonomy of Valuation Methods

Chapter 3: NPV and Discounting Cash Flows

Lecture 1: Absolute Valuation Models and NPV

Lecture 2: Compound Interest and NPV

Lecture 3: NPV and Price

Lecture 4: A Simple NPV Example

Lecture 5: Future Value of a Present Cash Flow

Lecture 6: Semi-Annual Compounding

Lecture 7: Continuous Compounding

Lecture 8: NPV of a Stream of Cash Flows

Chapter 4: Valuing Uncertain Cash Flows

Lecture 1: Discounting Risky Cash Flows

Lecture 2: Risk Return Models

Lecture 3: The Capital Asset Pricing Model

Lecture 4: WACC: The Weighted Average Cost of Capital

Lecture 5: Tax adjusting the cost of debt

Lecture 6: WACC for consistency

Lecture 7: Beta: Top-down or bottoms-up?

Lecture 8: Market Beta or Total Beta?

Lecture 9: Levering and Unlevering Betas

Lecture 10: Debt and Operating Leases

Lecture 11: Cost of Debt: Some additional factors

Chapter 5: Dividend Discount Models

Lecture 1: Dividend Discount Models

Lecture 2: Present Value, Future Value and Capital Appreciation

Lecture 3: Modeling Future Dividends

Lecture 4: Cash Cows: Constant Dividends and Growth Opportunities

Lecture 5: Sustainable Growth Rate of Equity

Lecture 6: Gordon Growth Model

Lecture 7: The h-Model

Chapter 6: Free Cash Flow Models

Lecture 1: Introducing FCF Valuation

Chapter 7: FCFF and FCFE Details

Lecture 1: Introducing FCFF and FCFE

Lecture 2: FCFF from CFO

Lecture 3: FCFE from FCFF

Lecture 4: FCFF or FCFE? Also, the APV Method

Lecture 5: Why not Net Income or EBITDA?

Lecture 6: FCFF from Net Income or EBITDA

Lecture 7: Tying Up Loose Ends

Chapter 8: Relative Valuation

Lecture 1: Introducing Relative Valuation Models

Lecture 2: The P/E Ratio: Pros and Cons

Lecture 3: Mechanics of calculating the P/E ratio

Lecture 4: Market P/E and Macro-economics

Lecture 5: Other Valuation Ratios: P/B and EV/EBITDA

Chapter 9: Capital Structure and the M-M Propositions

Lecture 1: Capital Structure Introduced

Lecture 2: Leverage, and the second M-M proposition

Lecture 3: No Free Borrowed Lunch: The First M-M Proposition

Lecture 4: Behind the Numbers: The Intuition Behind M-M

Lecture 5: The Inevitability of Taxes

Lecture 6: Wrapping up MM in a world with taxes

Instructors

Loony Corn
An ex-Google, Stanford and Flipkart team

Rating Distribution

1 stars: 4 votes
2 stars: 4 votes
3 stars: 15 votes
4 stars: 28 votes
5 stars: 21 votes

Frequently Asked Questions

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You can view and review the lecture materials indefinitely, like an on-demand channel.

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