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所在平台: Udemy |
课程主页: https://www.udemy.com/course/corporate-and-asset-valuation-approaches-inputs-and-issues/
课程评论：没有评论
**课程名称：** 株公司与资产估值：方法、输入与考量 **课程概述：** 本课程全面介绍估值概念及用于评估公司或任何产生现金流资产的主要方法。课程首先介绍相对估值法（通常称为“可比公司”法），并探讨用于比较竞争对手的几种常用指标。随后，课程将重点转向折现现金流（DCF）估值法，详细讲解三种主要模型：股息折现模型、股权自由现金流模型以及公司自由现金流模型，并阐述各自最适用的场景。在介绍DCF方法的同时，课程还将深入探讨关键的估值框架和工具，包括资本资产定价模型（CAPM）、加权平均资本成本（WACC）以及Beta值的去杠杆化和再杠杆化。 **课程内容亮点：** * **核心估值术语解析：** 深入理解企业价值、自由现金流、EBITDA、资本资产定价模型（CAPM）、Beta值和加权平均资本成本（WACC）等关键概念。 * **相对估值法应用：** 学习如何使用市盈率、市销率、市净率和企业价值/EBITDA等常用指标，将公司的价值与其竞争对手进行比较。 * **EBITDA与公司自由现金流计算：** 掌握计算息税折旧摊销前利润（EBITDA）和公司自由现金流的方法。 * **现金流归属判断：** 学习如何判断估值模型应基于公司整体现金流还是股权持有者的剩余现金流。 * **Beta值调整：** 了解如何评估公司Beta值，并进行去杠杆化和再杠杆化。 * **模型结果与市场比较：** 学习如何将模型估值结果与市场价值进行比较和验证。
This course provides an overview of valuation and the principal methods used to value firms or any cash flow producing asset. Relative valuation, commonly known as the "comps" (comparables) approach, is initially introduced, along with several metrics often used to compare competitors. The remainder of the course is focused on the discounted cash flow (DCF) approach to valuation, where three approaches are discussed: 1) the dividend discount model, 2) cash flows to equity, and 3) cash flows to the firm, as well as in what instances each is most applicable. In the process of introducing the DCF approach, we discuss some critical valuation frameworks and tools, including the Capital Asset Pricing Model (CAPM), the Weighted Average Cost of Capital, and the un-levering and re-levering of Beta. The course covers:Critical valuation terms including Enterprise Value, Free Cash Flows, EBITDA, Capital Asset Pricing Model, Beta, and the Weighted Average Cost of Capital.How a company can be valued relative to its competitors using several common metrics including Price-Earnings Ratio, Price to Sales, Price to Book Value, and Enterprise Value to EBITDA.Computing EBITDA (Earnings Before Interest Taxes Depreciation and Amortization) and Free Cash Flows to the FirmRecognizing whether a valuation model should be based upon the cash flows to the entire firm, or the residual cash flows to equity holders.How to evaluate company Betas, and to subsequently un-lever or re-lever them.How to compare a derived Enterprise Value from a model to the market.
