'Free cash flow' diaporamas de présentation

Chap 11-Valuation Process

Chap 11-Valuation Process. Two approaches 1. Top-down, three-step approach 2. Bottom-up, stock valuation, stock picking approach The difference between the two approaches is the perceived importance of economic and industry influence on individual firms and stocks.

1.87k views • 91 slides

Chapter 3 Free Cash Flow Valuation

Chapter 3 Free Cash Flow Valuation. Intro to Free Cash Flows. If applied to dividends, the DCF model is the dividend discount model (DDM) from Chapter 2.

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1.17k views • 59 slides

Chapter 11

Chapter 11. AN INTRODUCTION TO VALUATION. Chapter 11 Questions. When valuing an asset, what are the required inputs? After we have valued an asset, what is the investment decision process? What are the tow major approaches to the investment decision process?

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What Service Innovation Means to Me

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Sheng-Syan Chen Robin K. Chou Shu-Fen Chou (Financial Management, 2009, Forthcoming)

The Impact of Investment Opportunities and Free Cash Flow on Financial Liberalization: A Cross-Firm Analysis of Emerging Economies. Sheng-Syan Chen Robin K. Chou Shu-Fen Chou (Financial Management, 2009, Forthcoming). Motivation.

852 views • 42 slides

Valuation

Valuation. Creation of value Valuation of a stock listed company Valuation of a non listed company Net Asset Price-earning Ratio Present Value of Dividends Present Value of Free Cash flow. Creation of value. The goal of any company : to create value

749 views • 34 slides

NPV

NPV. NPV. There are three ways to apply the NPV principle Weighted Average Cost of Capital (WACC) Adjusted Present Value (APV) Flow to Equity (FTE). NPV WACC. Work out the WACC using the after tax cost of debt R wacc = E re + D rd (1-Tc) E + D E + D

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May 7, 2009

Q1 2009 TELUS investor conference call Robert McFarlane EVP & Chief Financial Officer Darren Entwistle President & CEO May 7, 2009 TELUS forward looking statements

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Identifying Winning Value Stocks

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Presentation Steinberg Value Equity Fund Steinberg High Yield Fund

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VALUATION

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Financing Decisions and The Cost of Capital

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Chapter 15

Chapter 15. Dividend Policy. Shapiro and Balbirer: Modern Corporate Finance: A Multidisciplinary Approach to Value Creation Graphics by Peeradej Supmonchai. Learning Objectives.

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Chapter 29: Mergers and Acquisitions

Chapter 29: Mergers and Acquisitions. Basic terms and definitions concerning mergers and acquisitions Reasons for mergers and acquisitions Real world empirical observations An example of valuing a potential acquisition. Mergers and Acquisitions.

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Microsoft

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Standard Motor Products, Inc.

740 views • 18 slides

Discounted Cash Flow (DCF) Analysis Tutorial

Discounted Cash Flow (DCF) Analysis Tutorial. This presentation is to be used ONLY as a template for DCF Analysis presentations. In no way should it reflect a finished work. Tutorial Objectives. Basic Underlying Principles Time Value of Money Present/Future Value Opportunity Cost

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Frameworks for Valuation

Frameworks for Valuation. Frameworks for DCF-Based Valuation. Model . Measure . Discount factor . Assessment . Enterprise discounted cash flow . Free cash flow. Weighted average cost of capital.

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Chapter 2

Chapter 2 Review of Accounting Here are the concepts discussed in this chapter: The income statement measures profitability. The price-earnings ratio indicates the relative valuation of earnings. The balance sheet shows assets and the financing of those assets.

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