Lecture

Valuation Riskfree Rates

The Big Picture of Valuation Riskfree Rates - Necessary Ingredients - What if the government is not default free?


Course Lectures
  • Valuing Companies with R&D
    Aswath Damodaran

    Valuing companies with R&D Dealing with uncertainty in valuation Valuing declining and distressed companies Macro effects on valuation Relative Valuation - Introduction - Definition and Descriptive Tests

  • Introduction to Valuation
    Aswath Damodaran

    Class Introduction

  • Approaches to Valuation
    Aswath Damodaran

    Approaches to Valuation Introduction to DCF valuation Firm vs Equity Valuation

  • Valuation Riskfree Rates
    Aswath Damodaran

    The Big Picture of Valuation Riskfree Rates - Necessary Ingredients - What if the government is not default free?

  • Equity Risk Premiums
    Aswath Damodaran

    Equity Risk Premiums - What are they? - Historical Risk Premiums - Country Risk Premiums - Company Exposure to Country Risk - Implied Equity Risk Premiums

  • Equity Risk Premia and Bond default spreads Equity Risk Premia and Real Estate Cap Rates Implied premia for emerging markets Betas - The problem with regression betas - Solutions

  • New ERP for September 2009
    Aswath Damodaran

    Updated ERP for September 2009 The Cost of Debt Why we use market value debt ratios. Cost of Capital - From one currency to another.

  • Hybrid Securities Measuring Earnings - Updated values - Corrrecting for leases - Correcting for R&D

  • Working Captial
    Aswath Damodaran

    Working Capital: Definition and Forecasting Cash flow to Equity: Dividends, Earnings and FCFE Expected growth - The problems with historical growth - Analyst and Management forecasts of growth - Fundamental Growth

  • Fundamental Growth
    Aswath Damodaran

    Fundamental Growth - EPS versus Net Income - Organic vs Efficiency Growth -Operating Income Growth -Growth with money losing companies Terminal Value -Why multiples don't work - Consistency rules (Growth rate, Length of growth, Excess Returns)

  • Terminal Value
    Aswath Damodaran

    Terminal value: Final thoughts Picking the "right" DCF model Loose ends in valuation - The value of cash - The value of cross holdings

  • Valuation Examples
    Aswath Damodaran

    Valuation examples - Implied growth rate & Target prices - Financial service firms: pre and post crisis - Valuing the S&P 500 - Negative FCFE and dilution effects

  • Analysis and Application Tests The PE Ratio - Definiton - Descroption - Deternimnats

  • PE Ratios continued
    Aswath Damodaran

    More on PE ratios - Comparing PE ratios across markets - Comparing PE ratios across companies - Cross sectional regressions PEG Ratios - Definition and Determinants

  • PEG Ratios
    Aswath Damodaran

    PEG Ratios- Applicaitons Value Multiples - EV/EBITDA and determinants Price to Book Ratios

  • Valuing Corporate Governance Lambdas and value The Dark Side of Valuation - Valuing young companies

  • Visualizing Cheap Companies
    Aswath Damodaran

    Visualizing cheap companies - PBV versus ROE EV to Book Capital Ratios Finding the companion variable PS and EV/Sales Ratios Brand Name Value

  • Option Pricing Redux
    Aswath Damodaran

    Option Pricing Redux The Option to Delay - Valuing Patents - Valuing undeveloped natural reserves

  • Valuing Equity as an Option
    Aswath Damodaran

    Final thoughts on valuing equity as an option Acquirers' Anonymous: Seven Steps to Sobriety - Evidence on acquisitions - Acquisition tests

  • More acquisition tests Price versus Value Enhancement Pathways to Value Enhancement The value of control

  • Closing thoughts on Value Enhancement Dante meets DCF: Ten Sins in Valuation Project Findings

  • Closing thoughts on Value Enhancement Dante meets DCF: Ten Sins in Valuation Project Findings

  • Loose Ends: A test
    Aswath Damodaran

    Closing thoughts on Value Enhancement Dante meets DCF: Ten Sins in Valuation Project Findings

  • Real Opitons 1: A test
    Aswath Damodaran

    Closing thoughts on Value Enhancement Dante meets DCF: Ten Sins in Valuation Project Findings

  • Real Options 2: A test
    Aswath Damodaran

    Closing thoughts on Value Enhancement Dante meets DCF: Ten Sins in Valuation Project Findings

  • Value Enhancement: A test
    Aswath Damodaran

    Closing thoughts on Value Enhancement Dante meets DCF: Ten Sins in Valuation Project Findings