• Length:
    5 Weeks
  • Effort:
    3–4 hours per week
  • Price:

    FREE
    Add a Verified Certificate for $199 USD

  • Institution
  • Subject:
  • Level:
    Introductory
  • Language:
    English
  • Video Transcript:
    English

Prerequisites

Students must be familiar with basic concepts of Accounting; basic skills in Microsoft Excel (or equivalent); Students should have completed Introduction to Corporate Finance.

About this course

In this course, learners will begin to apply the lessons and concepts from Introduction to Corporate Finance as they begin to discuss basics of firm valuation.

Follow Professor Wolfenzon’s lead to learn how the free cash flow method is applied to value firms. You will also learn about valuation using multiples. Throughout the course, you will learn how to construct Excel models to value firms by completing hands on activities.

What you'll learn

  • How to value a firm using the Enterprise Discounted Cash Flow Method
  • Project a firm’s cash flows
  • Calculate residual value
  • How to value a firm using multiples
Week 1: Firm Valuation Framework

Week 2: Calculation of Free Cash Flows

Week 3: Financial Ratios and Projection of Free Cash Flows

Week 4: Residual Value and Valuation Using Multiples

Week 5: Putting it All Together: Valuation Case Study

Meet your instructors

Daniel Wolfenzon
Stefan H. Robock Professor of Finance and Economics, Columbia Business School
Columbia University

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