|
Class Meeting Week and Days |
Topics
|
Projects
and other Deadlines |
|
Meeting 1
January 28 |
Introduction
and Overview of Firm Valuation (Slides)
|
Read
Damodaran, Chapter 4 |
|
Meeting 2
February 4 |
Introduction
to Using Bloomberg
Firm Valuation (Continuation) and Porter Analysis (Slides) |
Choose
firms
|
|
Meeting 3
February 11 |
Equity
Risk and Expected Return (Slides;
Excel file on diversification);
Estimating Hurdle Rates for Firms (Using the CAPM; Slides) |
Read
Damodaran, Chapters 7, 8
Do Problems from Chapter 4
|
|
Meeting 4
February 25 |
Estimating
Cost of Capital (Excel file on
Beta Computation)
|
Porter
Analysis due Feb. 18
Problems from Chapter 4 to be turned in
Industry and Competitive Analysis ready
Do Problems from Chapter 7
|
|
Meeting 5
March 3 |
Presentation
of Porter Analyses |
Compute
Cost of equity capital, cost of debt capital and WACC
Do Problems from Chapter 8
|
|
Meeting 6
March 10 |
Midterm
|
Exam
based on Chapters 4, 7 and 8 |
|
Meeting 7
March 24 |
Presentation of WACC computations |
|
|
Meeting 8
March
31 |
Earnings
to Cashflow
|
Damodaran,
Chapters 9 and 10 |
|
Meeting 9
April 7 |
Adjustment
of Operating Cashflows and R&D |
|
|
Meeting
10
April 14 |
Presentation
of Cashflow estimations
Estimating Growth Rates and Terminal Values
|
Damodaran, Chapters 11 and
12
|
|
Meeting 11
April 21 (no class; Passover) |
|
Time to work on Final Equity
Research Report submission
|
Meeting 11
April 28 |
Different
Valuation models -- DDM, FCFE and FCFF |
Damodaran, Chapter
14 |
Meeting
12
May 5 |
Multiples
Valuation |
Damodaran, Chapters 18, 19 and 20 |
Meeting 13
May 12 |
Final Exam |
Exam based on Chapters
9-12, 14, 18-20 |
