Course curriculum

1
Overview
 What are the principal valuation methods?

2
Relative valuation
 What are the principal steps to take in relative valuation?
 What criteria would you use to select comparables?
 What multiples would you choose to use and why?
 What are the steps involved in calculating trading multiples?
 What are the steps involved in calculating precedent transactions?

3
Intrinsic valuation  DCF
 What are the steps involved in performing a DCF analysis?  Part 1
 What are the steps involved in performing a DCF analysis?  Part 2
 What are the steps involved in performing a DCF analysis?  Part 3
 How do we calculate Free Cash Flow in a DCF?
 How do we calculate cost of capital?
 How do we calculate the cost of equity?
 What is beta?
 Concretely, how might we derive the beta of a particular company?
 How do we calculate the terminal value of a company?
 Which valuation method results in the highest valuation?
 Which of the 3 valuation methods should you use as a matter of priority?