This course is designed with a practical and theoretical groundwork for a top-notch understanding of risk and return concept related with investment in equity securities which has important considerations while making investment decisions. Apart from that, this course will intimately allude with the well - constructed descriptions of several approaches to valuation, including those based on earnings, dividends, revenues, and cash flows. Sophisticated methodologies based on enterprise value, residual income, and internal returns are also presented as part of the continuum of possible approaches.
The course will provide participants the ability to understand key concepts of risk and return, fundamental analysis, tools, techniques and process of equity valuation. Moreover, participants will be able to develop confidence and ability to assess potential investment opportunities and make investment decision based on valuation.
Upon successful completion of the course, participants will be able to:
🎓Explain the role of Company analysis and Industry analysis before investment in equity securities
🎓Understand the financial determinants of growth rates
🎓Analyze the differences between discounted cash flow techniques and non-discounted cash flow techniques.
🎓Explain the methods and process of equity valuation using discounted cash flow techniques and non-discounted cash flow techniques.
Course Contents:
🖋️Overview of Equity Securities
🖋️Equity Markets: Characteristics and Institutions
🖋️Equity Valuation: Concepts and Basic Tools
🖋️Equity Valuation: Applications and Processes
🖋️Return Concepts
🖋️Industry and Company Analysis
🖋️Discounted Dividend Valuation
🖋️Free Cash Flow Valuation
🖋️Market-Based Valuation: Price and Enterprise Value Multiples
🖋️Residual Income Valuation
🖋️Special Cases in Valuation
🖋️Valuation of Private Firms
🖋️Valuation of Distressed Firms
🖋️Valuation of Cyclical Firms
🖋️Valuation of State-owned Firms
