PDF-Aswath Damodaran3Ingredients of an Investment PhilosophynStep 1: All i

Author : min-jolicoeur | Published Date : 2016-07-09

Aswath Damodaran5Figure 11 The Investment ProcessThe ClientRisk ToleranceAversionTax StatusInvestment HorizonThe Portfolio Manager

Presentation Embed Code

Download Presentation

Download Presentation The PPT/PDF document "Aswath Damodaran3Ingredients of an Inves..." is the property of its rightful owner. Permission is granted to download and print the materials on this website for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.

Aswath Damodaran3Ingredients of an Investment PhilosophynStep 1: All i: Transcript

Aswath Damodaran5Figure 11 The Investment ProcessThe ClientRisk ToleranceAversionTax StatusInvestment HorizonThe Portfolio Manager. Aswath Damodaran2Discounted Cashflow Valuation: Basis forApproachwhere CFt is the cash flow in period t, r is the discount rate appropriategiven the riskiness of the cash flow and t is the life of th ! ! ! ! ! ! Aswath Damodaran!7!The Four Steps to Understanding Multiples!!!De Aswath Damodaran Aswath Damodaran Aswath Damodaran Aswath Damodaran Aswath Damodaran Aswath Damodaran $ 60"$ 40"""$ 100"3""$ 68"$ 40"""$ 108"4 $ 1603.0""""$ 2363.008" Aswath Damodaran (83.49+1603)/1.1 14 – 17 November 2001. Aswath Damodaran2Intuition Behind Present ValuenThere are three reasons why a dollar tomorrow is worth less than adollar today ‹#›. Aswath Damodaran. 1. Valuing Financial Service Companies. Aswath Damodaran. 2. The Questions. Aswath Damodaran. 3. Aswath Damodaran. 4. Aswath Damodaran. 5. Lesson 1: Financial service companies are opaque…. dilution . and liquidity . ‹#›. Aswath Damodaran. 1. Distress, Dilution and Illiquidity. Aswath Damodaran. 2. 1. . . Equity to Employees: Effect on Value. Employee options and restricted stock are now part of compensation packages.. ‹#›. Aswath Damodaran. 1. Valuing Commodity & Cyclical Companies. Aswath Damodaran. 2. Valuing cyclical and commodity companies. Aswath Damodaran. 3. Lesson 1: The Operating Numbers will ebb and flow. 18: Book Value Multiples. ‹#›. Aswath Damodaran. 1. Accounting Value... Aswath Damodaran. 2. III. Price to Book Ratio. Going back to a simple dividend discount model,. Defining the return on equity (ROE) = EPS0 / Book Value of Equity, the value of equity can be written as:. Relative Risk. Aswath Damodaran. ‹#›. Aswath Damodaran. 1. It’s all relative. Aswath Damodaran. 2. ‹#›. Aswath Damodaran. 3. The Default: The CAPM Beta. Rj. . = a + b . Rm. The . slope of the regression corresponds to the beta of the stock, and measures the riskiness of the stock. . ‹#›. Aswath Damodaran. 1. The Option to Delay. Aswath Damodaran. 2. The Option to Delay. Aswath Damodaran. 3. Present Value of Expected . Cash Flows on Product. PV of Cash Flows . from Project. Initial Investment in . Aswath Damodaran. Aswath Damodaran. 1. Baby steps... Aswath Damodaran. 2. Some Initial Thoughts. 3. Misconceptions about Valuation. Valuation is not a science.. All valuations are biased. The degree of bias is determined by who pays you to do the valuation. Valuation: Packet 3 Real Options, Acquisition Valuation and Value Enhancement Aswath Damodaran Updated: September 2016 Aswath Damodaran 1 Real Options: Fact and Fantasy Aswath Damodaran Aswath Damodaran ‹#›. Aswath Damodaran. 1. Valuing Commodity & Cyclical Companies. Aswath Damodaran. 2. Valuing cyclical and commodity companies. Aswath Damodaran. 3. Lesson 1: The Operating Numbers will ebb and flow.

Download Document

Here is the link to download the presentation.
"Aswath Damodaran3Ingredients of an Investment PhilosophynStep 1: All i"The content belongs to its owner. You may download and print it for personal use, without modification, and keep all copyright notices. By downloading, you agree to these terms.