Intrinsic Valuation Course

£149
£149
Valuabl
1 rating


My online guide to intrinsic valuation.

*****

You will be able to value companies like Tesla, Amazon, Microsoft, Walmart, & JP Morgan Chase & Co.

*****

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.

*****

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.

Topic 3 - Risk-Free Rates

  • 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.

Topic 12 - Parting Thoughts

  • Review & overview of the different approaches.
  • Final tips & parting words.

*****

What's included


400+ Slides To Explain Every Concept & Step

  • I've divided this course into 12 Topics with 400+ slides in total to develop your intuitive understanding of all the steps and concepts. 


Ready-To-Use Spreadsheets

  • 8x spreadsheet models to demonstrate every stage of the valuation process.


Data From 50,000+ Companies

  • I've compiled data over the last 5 years to estimate relative risk measures for every industry.

    Diagrams & Graphs

  • Loaded with diagrams and graphs to visualise key concepts and instil an intuitive understanding of models.


Real-World Examples

  • Detailed examples from real companies using current data. Follow a valuation of Unilever, Wells Fargo and Forterra from start to finish.

Intuitive Breakdowns & Explanations

  • 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?

Edmund Simms

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.

1 rating
  • You'll get my online guide to intrinsic valuation. (400+ slides, 8x spreadsheets, & my data)

  • Size
    24.9 MB
  • 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
  • You'll get my online guide to intrinsic valuation. (400+ slides, 8x spreadsheets, & my data)
  • Size24.9 MB
  • 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

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Intrinsic Valuation Course

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