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所在平台: Udemy |
课程主页: https://www.udemy.com/course/the-art-of-company-valuation-complete-course/
课程评论：没有评论
《公司估值艺术：完整课程》 本课程旨在帮助学员掌握公司估值的核心方法和实践技能，从而做出明智的投资决策。课程从“了解资产价值是理性决策的前提”出发，强调投资者在面对股票现价或私有股权的收购价格时，需要明确资产的内在价值及安全边际。 完成本课程后，学员将能够独立自主地进行公司估值，并熟练运用多种方法，适用于公开股权、私募股权以及风险投资等不同领域。 **核心估值方法包括：** * **资产基础估值法：** 现金对市值、账面价值、调整账面价值、清算价值。 * **持续经营估值法：** * **倍数法：** 基于收入/盈利的估值。 * **公司自由现金流（FCFF）估值法：** 包括现金流折现（DCF）和自由现金流估值（DFE）。 * **股东自由现金流（FCFE）估值法：** 包括股息折现模型（DDM）、戈登增长模型和股东总回报。 * **相对估值法：** 通过市净率（P/B）、市现率（P/CF）、市销率（P/S）、市盈率（P/E）、市盈率相对盈利增长比（PEG）以及企业价值（EV）等指标，理解公司的财务实力。 **实践操作：** 课程强调实践的重要性，将通过对四家真实上市公司进行详尽的估值练习，包括两家奢侈品公司（Richemont, Kering）和两家科技公司（Apple, Microsoft）。学员将应用所有学到的绝对和相对估值方法，而非虚构的公司。 **特殊估值情况：** 课程还将涵盖特殊情况下的公司估值，如风险投资（VC）的投资，以及首次公开募股（IPO）/直接上市（DPO）和银行的估值。在这些特殊情况下，将以Fitbit、GoPro、Etsy（IPO/DPO部分）和Bank of America、Wells Fargo（银行估值部分）为例进行实践。 **课程目标：** 学员将能够准确地确定公司的真实价值与当前股价之间的关系。本课程适合希望成为完全独立的投资者，掌握深度估值方法的学员。 **课程定位：** 此课程为**高级水平**课程，由一位拥有20年基金管理经验的投资者授课，旨在帮助学员快速掌握提升投资能力的知识。
Knowing what an asset is worth is a prerequisite for intelligent decision making. As an investor I always want to know what the intrinsic value is vs current share price or the price the seller is offering (if private equity) and if I have a safety margin on the price. After this course you will be autonomous in evaluating companies. You will be equipped with a set of methods and knowing how to apply those methods in the public equity, private equity or venture capital universe:asset-based valuation (cash to market cap, book value, modified book value, liquidation value)going concern valuation (multiple revenue/earnings method, Free Cash Flow to Firm including DCF & DFE, Free Cash Flow to Equity including DDM, Gordon & Total shareholder yield)relative valuation to understand the financial strength of a company (P/B, P/CF, P/S, P/E, PEG, EV)Investing requires practice. In this training we will practice all absolute & relative valuation methods with 4 companies being 2 luxury companies (Richemont & Kering) & 2 tech companies (Apple & Microsoft). We will apply all our learnings each time for those 4 companies instead of using dummy companies that do not exist. The course will also cover special valuation situations like VC investments, IPOs/DPOs and banks. In those special valuation situations, we will be practicing on companies like Fitbit, GoPro, Etsy for the IPO/DPO part and Bank of America & Wells Fargo for bank valuation part.After this course you will be able to determine the real value of a company vs the current share price. If you want to become a fully independent investor with deep valuation methods, this course is for you. BE AWARE this course is an ADVANCED LEVEL course. Investing in stocks and acting as a business-owner can be a life-changing experience. Learn from my 20 years experience as an investor running my own investment fund and rapidly move ahead faster with the knowledge I will share with you. Many thanks and I appreciate your interest in my course!- Candi Carrera
