Valuation Course

1. Introduction to Dividend Discount Model.
2. Types of Dividend Discount Model.
3. Constant Growth DDM.
4. Two Stage DDM.
5. Three Stage DDM.
6. Professional Approach.
7. Sensitivity Analysis – Growth vs Fair Value.
8. Sensitivity Analysis – Growth and Cost of Equity.
9. Identifying Companies for DDM.
10. Limitations of DDM.

1. Discounted Cash Flow Introduction.
   • DCF Introduction.
2. Free Cash Flows.
   • Understanding FCFF.
   • Peter Business – Case Study 1.
   • Peter Business – Case Study 2.
   • Defining FCFF Intuitively.
   • FCFF Formulas.
   • FCFF Example.
3. Free Cash Flow to Equity.
   • Understanding FCFE.
   • FCFE Formulas.
   • FCFE Example.
   • When to Use FCFE.
4. Discounted Cash flow (Using FCFF).
   • Steps to DCF – MP4.
   • Step 1 – Projecting Financials – MP4.
   • Step 1 – Working Capital Turnover Ratios – MP4.
   • Step 1 – Projecting Working Capital – MP4.
   • Step 2 – Calculating FCFF – MP4.
   • Step 3 – Calculating WACC – MP4.
   • Step 3 – WACC – Basic Example – MP4.
   • Step 3 – Capital Structure – Book Value or Market Value – MP4.
   • Step 3 – Capital Structure – Debt – MP4.
   • Step 3 – Capital Structure – Options Refresher – MP4.
   • Step 3 – Capital Structure – Options Table – MP4.
   • Step 3 – Capital Structure – Effect of Options.
   • Step 3 – Capital Structure – Market Value of Equity.
   • Step 3 – Capital Structure – Debt Equity Proportion.
   • Step 3 – Cost of Equity – Introduction.
   • Step 3 – Cost of Equity – Understanding Risks.
   • Step 3 – Cost of Equity – CAPM – Risk Free Rate.
   • Step 3 – Cost of Equity – CAPM Beta.
   • Step 3 – Cost of Equity – Factors Affecting Beta.
   • Step 3 – Cost of Equity – Risk Premium.
   • Step 3 – Finding Risk Free Rate.
   • Step 3 – Finding Beta Using Regression Method.
   • Step 3 – Finding Beta Using SLOPE Method.
   • Step 3 – Finding Beta Using Variance Covariance Method.
   • Step 3 – Finding Beta – Practical Method.
   • Step 3 – Finding Beta – Levered Unlevered Method.
   • Step 3 – Finding Risk Premium.
   • Step 3 – Cost of Equity Calculation.
   • Step 3 – Cost of Debt – Credit Rating Method.
   • Step 3 – Cost of Debt – Synthetic Rating Method.
   • Step 3 – Cost of Debt – Using Financials Method.
   • Step 3 – WACC Calculation.
   • Step 4 – Terminal Value Introduction.
   • Step 4 – Terminal Value using Perpetuity Growth.
   • Step 4 – Terminal Value Using Exit Method.
   • Step 5 – Calculating Present Value.
   • Step 6- Calculate Share Price.
   • Step 7 – Sensitivity Analysis.
   • DCF Recap (Step 1 to 3).
   • DCF Recap (Step 4 to 7).
5. Discounted Cash Flow using FCFE.
   • Steps to DCF using FCFE.
   • Step 1 – Projecting Financials.
   • Step 2 – Calculating FCFE.
   • Step 3 – Cost of Equity.
   • Step 4 – Terminal Value.
   • Step 5 – Find Present Value.
   • Step 6 – Calculate Share Price.
   • Step 7 – Sensitivity Analysis.

1. Introduction to Relative Valuation.
2. Relative Valuation Sample.
3. Revisiting Enterprise and Equity Value.
4. Enterprise Value and Equity Value Multiples.
5. PE Ratio.
6. Historical PE Chart.
7. Limitations of PE Ratio.
8. Price to Cash Flow.
9. Chevron Price to Cash Flow.
10. Price to Cash Flow Limitation.
11. Price to Book Value.
12. Price to Book Value in Software Sector.
13. Price to Book Value in Auto Sector.
14. Price to Book Value in Banking Sector.
15. Price to Book Value citigroup target price.
16. Price to Book Value Limitations.
17. PEG Ratio.
18. PEG Ratio Applications.
19. PEG Ratio Limitations.
20. Dividend Yield.
21. Dividend Yield Rationale.
22. Dividend Yield Sectors.
23. EV to Sales.
24. Why use EV to Sales?
25. EV to Sales in Cyclical Sector.
26. EV to Sales vs P to Sales.
27. Target price using EV to sales.
28. EV to sales limitations.
29. EV to EBITDA.
30. EV to EBITDA – Retail Sector.
31. EV to EBITDA vs PE Ratio.
32. Target Price using EV to EBITDA.
33. EV to EBITDA Limitations.
34. EV to EBIT.
35. Target Price using EV to EBIT.
36. EV to EBIT Limitations.
37. EV to ECF.
38. EV to FCF Example.
39. EV to FCF Limitations.
40. EV to Capacity.

Our Valuation course is designed for finance professionals, investment analysts, entrepreneurs, business owners, students, and anyone interested in learning the principles and techniques of valuation.

Our comprehensive Valuation course covers a wide range of topics, including dividend discounting model, cost of capital estimation, valuation methodologies (such as discounted cash flow, comparable company, and precedent transactions), sensitivity analysis, and more. You’ll gain a thorough understanding of valuation principles and learn how to apply them in practical scenarios.

There are no specific prerequisites for this course. However, a basic understanding of finance and accounting concepts will be beneficial. We provide introductory materials and resources to ensure that learners with different backgrounds can follow along effectively.

Our Valuation course is self-paced, allowing you to study at your own convenience. You’ll have access to pre-recorded video lessons and downloadable resources. This flexibility enables you to progress through the course materials according to your own schedule.

The Valuation course duration may vary depending on your learning pace and time commitment.

Yes, you will have unlimited access to the course materials (for 1 year period) even after you have completed the course. You can revisit the lessons, review the resources, and refresh your knowledge whenever needed.

Yes, upon successful completion of the Valuation course, you will receive a certificate of excellence. This certificate serves as recognition of your newly acquired valuation skills and can be added to your professional portfolio.

You may contact our course support at [email protected].