 |
 |
 |
 |
 |
 |
 |
|
 |
 |
 |
|
 |
 |
Valuation Seminar Follow up
Valuations
| Company | Valuation | Readings |
Amgen |
Valuing companies with intangible assets | |
Tata Motors |
Valuation
of Tata Motors |
Valuing emerging market companies |
Kristin's Kandy |
Valuing private businesses | |
| Deutsche Bank | Valuing financial service companies | |
Amazon |
Valuation
of Amazon - 2000 Valuation of Amazon - 2001 |
Valuing young and start-up companies |
DCF Inputs
| Topic | Read this... | Try this out | Data to review.. |
Rskfreee Rates |
Sovereign
CDS spreads: January 2012 Sovereign Ratings: January 2012 |
||
Equity Risk Premiums |
Implied premium calculator | Historical Risk Premiums: US Implied ERP from 1960 to today: US Country Risk Premiums |
|
| Betas and Lambdas | Measuring Company Risk Exposure to Country Risk (Lambda) | Levered Beta Estimator | Betas by Sector |
Cash Flows |
Lease converter R&D converter |
Lease effect on parameters by sector | |
Expected Growth |
Growth Estimator |
Historical growth rates by sector: US Fundamental growth rates by sector: US |
|
Terminal Value |
Terminal Value: The Tail that wags the DCF Dog? | Imputed ROIC in terminal value |
Value Enhancement
| Topic | Read this... | Try this out |
Value Enhancement: Big Picture |
Value Enhancement: Back to the Future |
|
Optimizing capital structure |
Optimizing the mix of debt and equity Finding the right type of financing |
Optimium financing mix calculator |
Loose Ends in Valuation
| Topic | Read this... | Try this out |
The value of cash and cross holdings |
||
The cost of complexity |
Information Transparency and Value | Complexity score estimator |
The value of synergy |
Synergy valuation spreadsheet | |
The cost of distress |
Valuing Distressed companies | Distress probability estimator |
The cost of illiquidity |
Cost of Illiquidity | Liquidity discount estimator |
The value of control |
Control valuation spreadsheet | |
Management options and restricted
stock |
Dealing with Employee compensation in equity | Valuing management options |
Following up on DCF Valuation
- Picking the right model to value a business/company
- Probabilistic approaches in valuation
- Ten
closing thoughts on valuation
Relative Valuation
| Topic | Sector Data | Try this out |
Earnings Multiples |
Intrinsic Equity Multiple Estimator Intrinsic Firm Value Multiple Estimator |
|
Book Value Multiples |
||
Revenue Multiples |
Real Options
| Topic | Sector Data | Try this out |
Real options |
Reference Reading