![]() We focus on the fundamental principles of risk and return, diversification, asset allocation, and efficient markets. This course deals with financial decision-making from the perspective of an investor. Review the course guide for more details. To provide hands on experience, in the workshops we will apply the theories discussed each week to estimate different valuation inputs to complete a real-world valuation exercise by the end of the course. Finally, we will learn how to incorporate these inputs into valuation models appropriate to the firm-specific context (for example the cost of capital approach or the adjusted present value approach) to come up with an estimate of firm value. This will be followed by an estimation of the cost of capital for firms which involves among other things, the estimation of firms’ business and financial risk. In the following sessions we will discuss how to identify the drivers of growth (as well as the limits to growth) so as to make economically meaningful forecasts. The first sessions of the course will focus on the adjustments necessary for identifying value relevant cashflows from reported earnings and other available accounting information. ![]() The course will also touch upon multiples-based valuation techniques. The goal of this course is to provide students with the knowledge and skills necessary for performing discounted cashflow valuation of firms from first principles. Understanding what drives the valuation of companies is essential not only from an investor’s perspective but also in one’s role as a manager, security analyst or merger advisor. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |