Course overview
This course analyses companies from a fundamental perspective to derive the intrinsic value of stocks. Topics include discounted cash flow models, such as dividend discount models and free cash flow models; relative valuation models, including price-earnings and price-to-book multiples; forecasting of earnings and cash flows; estimation of growth; calculation of the discount rate; and the valuation of firms in financial distress, firms investing in other companies, and those involved in mergers and acquisitions.
- Dividend Discount Model Valuation
- Free Cash Flow Model Valuation
- Relative valuation and Special valuation cases
Course learning outcomes
- Conduct stock valuation based on the discounted cash flow method
- Perform a relative valuation for a company
- Utilise the techniques in valuing mergers and acquisitions
- Apply the methodologies in valuing firms in financial distress and equity investment in other firms
- Critically analyse publicly available information and write a stock valuation report
Degree list
The following degrees include this course