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6 Hours
Description
Equity valuation can be a complex and confusing concept, but it's an essential one for entrepreneurs and anybody who works in a small business or startup. This course will explore equity valuation from both wide and narrow scopes before connecting the dots between the two to give you a full-fledged understanding of this important financial concept.- Access 49 lectures & 6 hours of content 24/7
- Get introduced to equity valuation topics like intrinsic value, price, valuation & market capitalization
- Discover absolute valuation techniques
- Explore Net Present Value & discounting cash flows
- Apply important types of models, such as Dividend-Discount models, Free Cash Flow models & Relative-Value models
- Calculate the cost of capital to a company
Loonycorn is Janani Ravi, Vitthal Srinivasan, Swetha Kolalapudi and Navdeep Singh. They have studied at Stanford, IIM Ahmedabad, the IITs and have spent years (decades, actually) working in tech in the Bay Area, New York, Singapore and Bangalore.
Janani: 7 years at Google (New York, Singapore); Studied at Stanford; also worked at Flipkart and Microsoft
Vitthal: Also Google (Singapore) and studied at Stanford; Flipkart, Credit Suisse and INSEAD too
Swetha: Early Flipkart employee, IIM Ahmedabad and IIT Madras alum
Navdeep: longtime Flipkart employee too, and IIT Guwahati alum
Janani: 7 years at Google (New York, Singapore); Studied at Stanford; also worked at Flipkart and Microsoft
Vitthal: Also Google (Singapore) and studied at Stanford; Flipkart, Credit Suisse and INSEAD too
Swetha: Early Flipkart employee, IIM Ahmedabad and IIT Madras alum
Navdeep: longtime Flipkart employee too, and IIT Guwahati alum
Details & Requirements
- Length of time users can access this course: lifetime
- Access options: web streaming, mobile streaming
- Certification of completion not included
- Redemption deadline: redeem your code within 30 days of purchase
- Experience level required: all levels
Compatibility
- Internet required
Terms
- Unredeemed licenses can be returned for store credit within 30 days of purchase. Once your license is redeemed, all sales are final.
Course Outline
- You, Us & This Course
- You, Us & This Course
- Price, Value and Valuation
- Intrinsic Value (2:42)
- Valuation Models (1:38)
- Valuation and Market Cap (4:38)
- A Taxonomy of Valuation Methods (9:09)
- NPV and Discounting Cash Flows
- Absolute Valuation Models and NPV (4:15)
- Compound Interest and NPV (10:28)
- NPV and Price (7:28)
- A Simple NPV Example (4:35)
- Future Value of a Present Cash Flow (1:53)
- Semi-Annual Compounding (4:12)
- Continuous Compounding (3:43)
- NPV of a Stream of Cash Flows (5:00)
- Valuing Uncertain Cash Flows
- Discounting Risky Cash Flows (11:06)
- Risk Return Models (11:17)
- The Capital Asset Pricing Model (16:53)
- WACC: The Weighted Average Cost of Capital (6:49)
- Tax adjusting the cost of debt (6:43)
- WACC for consistency (2:21)
- Beta: Top-down or bottoms-up? (5:57)
- Market Beta or Total Beta? (3:34)
- Levering and Unlevering Betas (2:55)
- Cost of Debt: Some additional factors (1:41)
- Dividend Discount Models
- Dividend Discount Models (9:10)
- Present Value, Future Value and Capital Appreciation (5:39)
- Modeling Future Dividends (6:25)
- Cash Cows: Constant Dividends and Growth Opportunities (9:34)
- Sustainable Growth Rate of Equity (10:55)
- Gordon Growth Model (5:27)
- The h-Model (4:38)
- Free Cash Flow Models
- Introducing FCF Valuation (13:59)
- FCFF and FCFE Details
- Introducing FCFF and FCFE (10:17)
- FCFF from CFO (10:17)
- FCFE from FCFF (3:23)
- FCFF or FCFE? Also, the APV Method (5:39)
- Why not Net Income or EBITDA? (6:57)
- FCFF from Net Income or EBITDA (8:26)
- Tying Up Loose Ends (9:29)
- Relative Valuation
- Introducing Relative Valuation Models (6:36)
- The P/E Ratio: Pros and Cons (6:05)
- Mechanics of calculating the P/E ratio (8:38)
- Market P/E and Macro-economics (4:31)
- Other Valuation Ratios: P/B and EV/EBITDA (5:53)
access
lifetime
content
6 Hours