Intrinsic Valuation Course
£149
£149
https://schema.org/InStock
gbp
Valuabl
My online guide to intrinsic valuation.
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You will be able to value companies like Tesla, Amazon, Microsoft, Walmart, & JP Morgan Chase & Co.
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You will learn every step of the intrinsic valuation process and be able to:
- Determine the intrinsic value of any financial asset.
- Identify undervalued stocks and invest with conviction.
- Make better risk-adjusted investment decisions.
- Understand what drives the intrinsic value of any company.
- Deeply appreciate the link between time, risk and capital costs.
- Recognise how to develop a true margin of safety.
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Course Curriculum:
Topic 1 - Introduction
- The intuition behind intrinsic valuation.
- The definition of intrinsic valuation.
- Intrinsic valuation myths.
- Methodology overview.
- Pillars of intrinsic valuation.
Topic 2 - Foundations
- Time value of money.
- Risky vs risk-free cash flows.
- The laws of intrinsic valuation.
- Debt vs equity.
- Different approaches, same result.
- The intuition behind the risk-free rate.
- Risk-free rate definition.
- Risk-free rate estimation.
Topic 4 - Equity Risk Premiums
- What is the equity risk premium?
- Backwards-looking ERP.
- Forward-looking ERP.
- Market risk.
- From market risk to corporate risk.
Topic 5 - Relative Riskiness
- The intuition behind relative risk measures.
- The CAPM.
- Issues with the CAPM.
- Deconstructing equity, asset and product betas.
- The cost of equity.
Topic 6 - The Cost of Capital
- What classifies debt for valuation?
- Estimating the cost of debt.
- Estimating the WACC.
- Things to remember.
Topic 7 - Free Cash Flows
- What are free cash flows?
- Calculating FCF.
- Continuing our examples.
Topic 8 - Growth
- The reinvestment link.
- Fundamental growth rate.
- FCF and growth normalization.
- Top-down forecasting.
- Corporate life-cycles.
Topic 9 - Stable Value
- The perpetuity assumption.
- The stable growth model.
- The laws of stable growth.
Topic 10 - Final Adjustments
- The going-concern assumption & distress.
- Investments & other non-operational assets.
- Unfunded claims, pensions & litigation.
- Employee options.
Topic 11 - Sensitivity Analysis
- Putting it all together.
- Bull, base & bear cases.
- Review & overview of the different approaches.
- Final tips & parting words.
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What's included
- I've divided this course into 12 Topics with 400+ slides in total to develop your intuitive understanding of all the steps and concepts.Â
- 8x spreadsheet models to demonstrate every stage of the valuation process.
- I've compiled data over the last 5 years to estimate relative risk measures for every industry.
- Loaded with diagrams and graphs to visualise key concepts and instil an intuitive understanding of models.
- Detailed examples from real companies using current data. Follow a valuation of Unilever, Wells Fargo and Forterra from start to finish.
- Deeply understand core concepts and appreciate how the many moving parts of valuation fit together.
You can intrinsically value any company!
Empower yourself and invest with conviction.
*****
Who Am I?
Value investor. Family office. A decade in hedge funds, mutual funds, and VC. B.Comm/B.Sci (Adv. Math) USyd. 🦘 in 🇬🇧
See my stock valuations and research here.
You'll get my online guide to intrinsic valuation. (400+ slides, 8x spreadsheets, & my data)
Includes Ongoing Email Support
Includes 12x Topics Covering The Entire Process
Includes Risk Data From Analysing 50k+ Companies
Includes 8x Ready-To-Go Spreadsheets
Includes 400+ Slides
Size
24.9 MB
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