Corporate Finance 101: Equity Valuation

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.

Using discussion forums

Please use the discussion forums on this course to engage with other students and to help each other out. Unfortunately, much as we would like to, it is not possible for us at Loonycorn to respond to individual questions from students:-(

We're super small and self-funded with only 2 people developing technical video content. Our mission is to make high-quality courses available at super low prices.

The only way to keep our prices this low is to *NOT offer additional technical support over email or in-person*. The truth is, direct support is hugely expensive and just does not scale.

We understand that this is not ideal and that a lot of students might benefit from this additional support. Hiring resources for additional support would make our offering much more expensive, thus defeating our original purpose.

100% Off Udemy Coupon Code - https://www.udemy.com/corp-fin-101-equity-valuation/?couponCode=OCTOBER_2017