Equity Valuation

Objective

  • Value the equity of a firm or project

Reading

  • Chapter 18: Equity Valuation

Assignment

  • Equity Valuation

Company Information

Company Information on Bloomberg

Accessing Financial Statements of Public Companies

Relative Valuation

Aswath Damodaran @ NYU

The Dividend Discount Model

  • DDM by Michael McLaughlin @ Edspira
  • DDM by Dr. Rush

Free Cash Flow Valuation

Review

DCF using FCFF

DCF using FCFE

Terminal Value

  • Lecture by Aswath Damodaran @ NYU

Alternative Models

Economic Value Added (EVA)

Modified Residual Income

Equity as an Option

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