Valuation and Financial Analysis For Startups Capstone

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Yonsei University

课程大纲

For Capstone Project II, you will calculate free cash flow of the startup. In order to estimate free cash flows, you need to make pro forma statements of the startup and estimate external financing needed. Also, calculate internal growth rate and sustainable growth rate.

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课程详情

This is a peer review course. In the capstone project, you are going to apply what you have learned in the previous courses. The final output from this project is an estimation of a firm. You can choose either a public company or a startup depending on the availability of information on the firm. If you have your own startup, then you can do this capstone project on the startup. If not, then you can do this project of a public company. Therefore, the first step is selecting an actual company that you are interested in. Next, you have to do the research on and describe the firm’s industry and business. Based on your research, you make an estimate of firm’s growth, cash flows and earnings. In order to do this, you need to apply what you have learned in financial statement analysis. Once you find firm’s cash flows and earnings, you can apply what you have learned in discounted cash flow method and multiple methods to find the value of the company. In addition to the valuation, you will be given a hypothetical project and have to decide whether to take the project if the opportunity is given to the company of your choice. Be doing this Capstone project, you will complete your understanding of valuation and financial analysis of startups.

创业公司的估值和财务分析Capstone:这是同行评审课程。在顶点项目中,您将应用在先前课程中学到的知识。该项目的最终输出是对公司的估计。您可以根据公司信息的可用性选择上市公司还是初创公司。如果您有自己的启动公司,则可以在启动公司上执行此顶点项目。如果没有,那么您可以做一家上市公司的项目。因此,第一步是选择您感兴趣的实际公司。接下来,您必须进行研究并描述公司的行业和业务。根据您的研究,您可以估算公司的增长,现金流量和收益。为此,您需要应用在财务报表分析中学到的知识。找到公司的现金流量和收入后,就可以应用在现金流量折现法和多种方法中获得的知识来找到公司的价值。除评估外,还将为您提供一个假设的项目,并且如果机会被授予您选择的公司,则必须决定是否接受该项目。通过执行此Capstone项目,您将对初创公司的估值和财务分析有所了解。

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