PPT-DISCOUNTED CASH FLOW VALUATION

CH6 introduction In our previous chapter we have dealt with only single cash flows In reality most investments have multiple cash flows For example if Target is thinking of opening a new department store there will be a large cash outlay in the beginning and then cash inflows for many years . Corporate Finance: MBAC 6060. Professor Jaime Zender. SCF Basics. SCF is a summary of a company’s transactions for a given period that effect the cash account.. This statement provides information about the firm’s ability to generate cash and the effectiveness of its cash management. Where is cash coming from and going?. Case Studies & Hot Topics. Steve Mize – GCF Valuation. Neal Patel – Reliant Business Valuation. March 13, 2014. Steve Mize, ASA – GCF Valuation. Steve Mize, ASA is managing partner of GCF Valuation – a family owned and operated company specializing in business valuations to SBA lenders since 1997. . Valuation. MU Investment Club Spring 2013. Discounted Cash Flow (DCF) Model. MU Investment Club Spring 2013. 4-Step Process. Project Free Cash Flow. Discount Free Cash Flows. Calculate Perpetuity Value. Valuations and forecasting. Corporate Financial Strategy. 4th edition. Dr Ruth Bender. Valuations and forecasting: contents. Learning objectives. Valuing companies – header slide. Three approaches to company valuation. With particular applications to properties subject to leases (leased fee), leaseholds . – occupational & ground leased interests.. A Doctoral Session Research Proposal. Prepared for presentation at the. by. James R. DeLisle, Ph.D.. March 18, 2014. Lecture . Preview. DCF Prelude: . Frontdoor. /Backdoor. The Value Proposition: Value => Cost?. Land & Hard . Costs. Unknown Fees. Known Soft Costs . Corporate Finance. Professor Jaime F. Zender. Course Overview:. Purpose and Focus. Review of the syllabus. Course objectives and learning goals. Prerequisites: accounting, economics, statistics. Steve Ross – the economics of risk and time. cashflows. and control. Corporate Finance 34. Valuing shares: cash flows and managerial control. Valuation using cash flow. Valuation using owner earnings . Unquoted shares. Unusual companies. Managerial control and valuation. Jiajun. Chen. 364657. Value the . cash flows . or . earnings. . under new ownership. Value the . dividends. . under the existing management. Value the . assets. MAX. MIN. Introduction. Ask: if stock market is . Investment decision process. Determine the required rate of return. Evaluate the investment to determine if its market price is consistent with your required rate of return. Estimate the value of the security based on its expected cash flows and your required rate of return. Corporate Financial Strategy. 4th edition. Dr Ruth Bender. Valuations and forecasting: contents. Learning objectives. Valuing companies – header slide. Three approaches to company valuation. Balance sheet methods of valuation. Flom. , CPA/ABV/CFF. , CVA. What is your company worth?. Value depends on a number of different things:. Buyer. Industry. Profitability . Cash Flow. Assets. A valuation is based on the future outlook of the business.. Cash Flow Models of Equity Valuation.. Dividend Discount Models. Accrual Discount Models . Determining the Value Drivers. Cases in Valuation Model Analysis. Reading: SAIS, sec. 8.1, 8.2 and 8.3 and . 1. Present value of dividends (DDM). 2. Present value of free cash flow to equity (FCFE). 3. Present value of free cash flow (FCFF). B. Relative valuation techniques. 1. Price earnings ratio (P/E). 2. Price cash flow ratios (P/CF).