|
Class Meeting Week and Days |
Topics
|
Projects
and other Deadlines |
|
Meeting 1
September 4 |
Introduction
and Overview of Firm Valuation (Slides)
|
Read
Damodaran, Chapter 4; Choose
firms |
|
Meeting 2
Sept 11 |
Firm Valuation (Continuation) |
Do Problems from Chapter 4
|
|
Meeting 3
Sept 18 |
Porter Analysis (Slides)
Industry and Competitive Analysis
|
Porter
Analysis due Sept. 25
|
|
Meeting 4
Sept 25 |
Presentation
of Porter Analyses
Equity
Risk and Expected Return (Slides; Excel file on diversification); |
Read
Damodaran, Chapters 7, 8
Problems from Chapter 4 to be turned in
Do Problems from Chapter 7 |
|
Meeting 5
October 2 |
Estimating Hurdle Rates for Firms (Using the CAPM; Slides)
|
Industry and Competitive Analysis ready
Compute
Cost of equity capital, cost of debt capital and WACC
Do Problems from Chapter 8 |
|
Meeting 6
Oct 16 |
Estimating
Cost of Capital (Excel file on
Beta Computation)
|
Exam
based on Chapters 4, 7 and 8 |
|
Meeting 7
Oct 23 |
Midterm
Presentation of WACC computations |
|
|
Meeting 8
Oct
30 |
Earnings
to Cashflow
|
Damodaran,
Chapters 9 and 10 |
|
Meeting 9
November 6 |
Earnings to Cashflow (contd.); Adjustment
of Operating Cashflows and R&D
Cost-of-Capital Presentations |
|
|
Meeting
10
Nov 13 |
Forecasting Cashflows (Slides)
SBUX Example |
Damodaran, Chapters 11 and
12 |
|
Meeting 11
Nov 20 |
Presentation
of Cashflow estimations/ Estimating Growth Rates and Terminal Values
|
|
Meeting 11
Dec 4 |
Different
Valuation models -- DDM, FCFE and FCFF |
Damodaran, Chapter
14 |
Meeting
12
Dec 11 |
Review and Final Presentations
|
|
Meeting 13
Dec 18 |
Final Exam |
Exam based on Chapters
9-12, 14
|
