The course is very helpful for the beginner as well as experienced. The course is full of valuable information which we do not get anywhere.
Take control of your investment game by mastering the fundamentals of equity valuation. Learn how to apply the three main types of valuation models, the difference between market and intrinsic value, and the impact of dividends and stock splits. Test your knowledge with practical tasks and real-life exercises.
They say investing isn’t about beating others at their game, but about controlling yourself at your own game. This means using the rights valuation tools to determine the best course of action. The Fundamentals of Equity Valuation course teaches you how to do that. It covers the fundamentals of equity valuation using discounted cash flow models, price multiples, and asset-based models. Valuation isn’t a one-size-fits-all process. The choice of a model depends mainly on the availability of information and the analyst’s confidence in its execution. This course teaches you how to evaluate, choose, and apply each of the valuation models. You will learn the difference between market and intrinsic value and more about cash dividends and their subtypes. We also examine stock dividends, stock splits, reverse stock splits, and share repurchases. Throughout the valuation course, we overview present value models and focus on the Gordon growth dividend discount model. Then, we examine the use of multiples in valuation—more specifically, price-to-earnings, price-to-book value, price-to-sales, and price-to-cash flow ratios. Towards the end of the course, we describe the asset-based valuation models and their use in estimating equity value. Once you are familiar with all the tools analysts use to estimate the fair stock value, we summarize their advantages and disadvantages. Designed for financial analysts and investment professionals, this course will equip you with the expertise and skills to make informed investment decisions. Don't wait to take your career to the next level. Invest in your future and enroll now!
This course covers the essential for every financial analyst basic equity valuation theory and shows you how to apply it in practice. Most importantly, you will:
In this introductory section, we review the concepts of undervalued, overvalued, and fairly valued securities. Тhen, we examine the major categories of equity valuation models. After that, we tackle dividends, share repurchases, stock splits, and the dividend payment chronology.Introduction to Fundamentals of Equity Valuation Free Market vs. Intrinsic Value Free Equity Valuation Models (Categories) Free Dividend Payments Dividend Payment Chronology
This section is dedicated to the specifics of some present value models. We examine in detail the dividend discount and free cash flow to equity models and teach you to calculate the intrinsic value of non-callable, non-convertible preferred stocks. But that’s not all. You will also learn about the Gordon growth model and which company characteristics to consider before applying this method.Dividend Discount Model Free-cash-flow-to-equity Model Required Rate of Return (Common Equity) Fundamental Value of Preferred Stock Gordon Growth Model Multistage Dividend Discount Model Present Value Models-Overview
The closing section of the Fundamentals of Equity Valuation course examines in detail price multiples to value equity—more specifically, those based on comparables and fundamentals. Moreover, you will learn the specifics and proper use of asset-based valuation models. The section concludes with a thorough overview of all equity valuation categories. This will give you a deeper understanding of their pros and cons from a practical perspective.Multiplier Model Common Price Multiples Price Multiples Based on Fundamentals Price Multiples Based on Comparables Enterprise Value Multiple Asset-based Valuation Model Equity Valuation Models-Strengths and Weaknesses
with Ivan Kitov