Chap 11-Valuation Process. Two approaches 1. Top-down, three-step approach 2. Bottom-up, stock valuation, stock picking approach The difference between the two approaches is the perceived importance of economic and industry influence on individual firms and stocks.
1.82k views • 91 slides
Chapter 3 Free Cash Flow Valuation. Intro to Free Cash Flows. If applied to dividends, the DCF model is the dividend discount model (DDM) from Chapter 2.
2.4k views • 66 slides
Chapter 11. AN INTRODUCTION TO VALUATION. Chapter 11 Questions. When valuing an asset, what are the required inputs? After we have valued an asset, what is the investment decision process? What are the tow major approaches to the investment decision process?
725 views • 54 slides
The Impact of Investment Opportunities and Free Cash Flow on Financial Liberalization: A Cross-Firm Analysis of Emerging Economies. Sheng-Syan Chen Robin K. Chou Shu-Fen Chou (Financial Management, 2009, Forthcoming). Motivation.
843 views • 42 slides
Valuation. Creation of value Valuation of a stock listed company Valuation of a non listed company Net Asset Price-earning Ratio Present Value of Dividends Present Value of Free Cash flow. Creation of value. The goal of any company : to create value
735 views • 34 slides
NPV. NPV. There are three ways to apply the NPV principle Weighted Average Cost of Capital (WACC) Adjusted Present Value (APV) Flow to Equity (FTE). NPV WACC. Work out the WACC using the after tax cost of debt R wacc = E re + D rd (1-Tc) E + D E + D
1.08k views • 32 slides
Q1 2009 TELUS investor conference call Robert McFarlane EVP & Chief Financial Officer Darren Entwistle President & CEO May 7, 2009 TELUS forward looking statements
650 views • 31 slides
Chapter 15. Dividend Policy. Shapiro and Balbirer: Modern Corporate Finance: A Multidisciplinary Approach to Value Creation Graphics by Peeradej Supmonchai. Learning Objectives.
635 views • 25 slides
Chapter 29: Mergers and Acquisitions. Basic terms and definitions concerning mergers and acquisitions Reasons for mergers and acquisitions Real world empirical observations An example of valuing a potential acquisition. Mergers and Acquisitions.
900 views • 21 slides
Discounted Cash Flow (DCF) Analysis Tutorial. This presentation is to be used ONLY as a template for DCF Analysis presentations. In no way should it reflect a finished work. Tutorial Objectives. Basic Underlying Principles Time Value of Money Present/Future Value Opportunity Cost
538 views • 17 slides
Frameworks for Valuation. Frameworks for DCF-Based Valuation. Model . Measure . Discount factor . Assessment . Enterprise discounted cash flow . Free cash flow. Weighted average cost of capital.
1.46k views • 16 slides
Chapter 2 Review of Accounting Here are the concepts discussed in this chapter: The income statement measures profitability. The price-earnings ratio indicates the relative valuation of earnings. The balance sheet shows assets and the financing of those assets.
507 views • 14 slides
View Free cash flow PowerPoint (PPT) presentations online in SlideServe. SlideServe has a very huge collection of Free cash flow PowerPoint presentations. You can view or download Free cash flow presentations for your school assignment or business presentation. Browse for the presentations on every topic that you want.