These are excel spreadsheets with the valuations that are included in the lecture notes. Feel free to download them and have fun changing the inputs or updating the information
DCF Valuations
- Con Ed:
A Stable Growth Dividend Discount Valuation
- 3M: Pre-crisis valuation
- 3M: Post-crisis valuation
- S&P 500:
A Dividend Discount Model Valuation
- S&P
500: Dividends augmented with buybacks
- S&P 500: Dividends augmented with buybacks, fundamental growth
- Amazon.com
in January 2000: A Valuation of a Company on the Dark Side
- Amazon.com
in January 2001
- Amazon.com in September 2018
- Hormel Foods (Status Quo vs Optimal value, Optimal capital structure)
- Sears: A company in decline
- Las Vegas Sands: Valuing a company in distress and estimating default probability
- Embraer: Valuation of an emerging market company with significant international
sales
- Tube Investments:
A Two-stage FCFF Valuation
- Tube
Investments: Higher Marginal Return on Capital
- Tube
Investments: Higher Return on Capital (both existing assets and marginal)
- The Tata Group: Tata Steel, Tata Chemicals, Tata Motors, Tata Consulting Services (TCS)
- Aramco: A "Guaranteed" Dividend Discount & Potential Dividend DiscountValuation
- CIB Egypt: A Three-Stage Dividend Discount Model Valuation
- Goldman Sachs: A Three-Stage Dividend Discount Model Valuation
- Wells Fargo: Valuing a bank in the middle of a banking crisis
- Deutsche Bank: A FCFE model for a bank
- Amgen:
The R&D Adjustment
- Toyota: Valuing a cyclical company with normalized earnings
- Royal Dutch: An Oil Play?
- Exxon Mobil: Valuing a commodity company
Relative Valuations
To be added
Private company Valuations
To be added
Option Pricing Applications in Valuation
Value of Avonex: A Patent Valuation
Value of Financial Flexibility: Disney
Eurotunnel DCF Valuation
Eurotunnel Option Pricing Valuation
Acquisition Valuation
To be added
Value Enhancement
To be added