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所在平台: Coursera |
课程主页: https://www.coursera.org/learn/discounted-cash-flow
课程评论：没有评论
课程名称：使用折现现金流法对初创公司的估值 课程概述： 折现现金流方法（DCF）是通过对公司未来现金流进行折现，从而找到公司价值的有效方法。即公司的价值是其未来产生现金流的现值。为了理解现值的含义，我们需要首先讨论资金的时间价值，即今天的100美元与一年后的100美元价值不同。那么，一年后收到的100美元的现值是多少？如果每年收到100美元的现金流，持续10年又该如何计算？如果是无限期收到，这些现金流的现值又是什么？通过本课程的学习，您将能够计算这些未来现金流的现值。不同于大多数金融课程，本课程将教授如何使用Excel来计算未来现金流的现值。此外，您还将学习如何在给定投资时找到未来值，如何根据投资和未来现金流确定利率，如何基于利率确定支付金额，以及在给定投资和利率情况下，确定等待的时间等。学习完资金时间价值的概念及其计算方式后，您将能够将其应用于真实案例和公司估值的操作中。完成本课程后，您将能够通过折现未来现金流来估算公司价值。 课程大纲： 1. **资金时间价值（1）** 描述：投资资金是一项重要的决策，因为今天的一美元比未来的一美元更有价值。在本模块中，您将探索多种计算未来值和现值的方法。学习结束后，您将能使用Excel解决具有挑战性的例题。 2. **资金时间价值（2）** 描述：在本模块中，您将专注于如何使用Excel估算年限、付款金额和利率。此外，您还将能够预测一系列现金流的价值。学习结束后，您将能使用Excel解决更加复杂的例题。 3. **折现现金流（DCF）方法（1）** 描述：运用前两周讲解的方法，您将其应用于实际场景，具体包括债券估值和企业价值的计算。 4. **折现现金流（DCF）方法（2）** 描述：您将能够预测公司的自由现金流，并以复习课结束本课程。 本课程为希望深入了解基于现金流的公司估值方法的学习者提供了实用的技能和清晰的思路。
Name:Time Value of Money (1)
Description:Investing money is important decision because a dollar today is worth more than a dollar in the future. In this module, you will look at several methods for calculating future value as well as present value. After this module, you can solve challenging examples with excel.
Name:Time Value of Money (2)
Description:In this module, you will focus on how to estimate number of periods, (annual) payment, and interest rate with excel. Furthermore, you will be able to predict the value a stream of cash flows. After this module, you can solve challenging examples with excel.
Name:Discounted Cash Flow (DCF) Approach (1)
Description:Using the method explained last two weeks, you will execute it in real world. In detail, you can calculate bond valuation and enterprise value.
Name:Discounted Cash Flow (DCF) Approach (2)
Description:You can forecast the firm's free cash flow and wrap up this course with review lecture.
Discounted cash flow method means that we can find firm value by discounting future cash flows of a firm. That is, firm value is present value of cash flows a firm generates in the future. In order to understand the meaning of present value, we are going to discuss time value of money, first. That is, the value of $100 today is different from the value of $100 a year later. Then, what should be the present value of $100 that you are going to receive in 1 year? How about the value of $100 dollars that you are going to receive every year for next 10 years? How about forever? After taking this course, you are going to be able to find the present value of these types of cash flows in the future. Unlike most of finance courses, in this course, you are going to learn how to use excel to find present value of future cash flows. In addition to the present value, you are also going to learn how to find future value given investment; interest rate given investment and future cash flows, payments given interest rates, number of periods to wait given investment and interest rate, and so on. After learning the concept and how to find the time value of money, you are going to apply this to real world examples and company valuation. After taking this course, you will be ready to make an estimate of firm value by discounting its cash flows in the future.
