This course covers the concepts of valuing a stock starting from the very basics of the present value concept and going through the more advanced concepts of valuation.
This course covers the concepts of valuing a stock starting from the very basics of the present value concept and going through the more advanced concepts of valuation. The main focus will be on the income approach, covering the dividend discount model, and the valuation of non-dividend paying stocks and constant dividend-paying stocks. Then, the course will tackle the Gordon growth model, the multi-stage dividend discount model, and the discounted cash flow model. You will learn how to forecast and derive the free cash flow to equity and the free cash flow to the firm metrics and how to calculate the cost of equity using the Capital Asset Pricing Model (CAPM) and the weighted average cost of capital (wacc), and the situations in which each metric is used. The other 2 main valuation approaches, the asset approach and the market approach, will be covered briefly. This course takes a practical approach. All the concepts will be delivered through numerical examples and you will learn how to apply some of them in Excel.
Leila Atwi, MBA, CF, ICVS, is a finance professional with more than 15 years of expertise in corporate finance, valuation, financial and investment analysis, and corporate governance. She has advised companies on matters on corporate finance issues, the valuation of projects and companies, and the development of valuation and investment models. She has taught finance courses for many years, and has extensive experience in developing educational programs and e-learning materials.
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