Professional Documents
Culture Documents
Prereqinsites VMConcept,
re B
DCF Modelling
- -
certificate?
-&
How we proceed?
Start straight with modelling
SARA
PAISA 3 Pillars of DCF PAISA
#
-
↳ I
I carry growth
man
.
=
RI
and &
th KHATRA
the ⑨
SUBSCRIBE KARO FATAFAT!
THE VALUATION SCHOOL
I
CASH
(PAISA)
D
HAND
k/
VALVE Future Cash Flows
↓ ↳
-
>
= *
-count!
Cash Flow?
-
Unlevered Free Cash Flow
-
1
UFCF =
Cash flows available to all capital providers
-
Enterprise
Value
↳ operating
WACC Cost of capital from all capital providers
-
- Tax
Income. ->
1
Growth
AHefty fi
Actual (X)(X)(N)
⑭ (X)
3??
SUBSCRIBE KARO FATAFAT!
THE VALUATION SCHOOL
-
Gordon's Growth
-
Exit multiples
SUBSCRIBE KARO FATAFAT!
THE VALUATION SCHOOL
Terminal Year
↑ sensitized to the value 85 - 15
④
-
①
#
=
⑤
SUBSCRIBE KARO FATAFAT!
THE VALUATION SCHOOL
RISK
8 piscraie↓
SUBSCRIBE KARO FATAFAT!
THE VALUATION SCHOOL
#- (Ke*We)+(Kd*Wd) - -
om
-13- 5 - 3
Rf+(ERP)*Beta
--
6 31.
X1.5
10.5%,
=
-.
SUBSCRIBE KARO FATAFAT!
THE VALUATION SCHOOL
Ke - Cost of Equity
MI shares to
Who's perception?
I
·
④ Marginal Investors
-
AND
Influence
↓
E
-
to trade
willingness -> &S - well
versified
SUBSCRIBE KARO FATAFAT!
THE VALUATION SCHOOL
Explicit or Implicit?
I HistoricalBond issue 7%
-I
I
2019- -
18
- No Tax
#2023. -
1*7.
market-> #t
SUBSCRIBE KARO FATAFAT!
Rules of Game-
Basics.
-
-
S
watch Dof
Modelling-Anondel
-
Google diescompanies
-
-.
-
Practice &
practice!
-
THE VALUATION SCHOOL
What to do next?
Roll up your sleeves first! war
Reg zoom
-
serrios
-
@thevaluationschool
mindblowing
-
* -
-
thevaluationschool ->
facts 3
->
content
-->
vermaparth -
a
->
->