Fervent Learning – Stock Valuation (using Multiples)

Learn how to value stocks objectively, relying on the data (not guesses or “gut feelings”)

Build your own robust stock valuation system from scratch

Discover rigorous, evergreen techniques that they don’t teach at B School

What You’ll Learn In Stock Valuation (using Multiples)

Before You Start…

• Welcome To The Course. Here’s What You’ll Master.
• Disclaimer

Introduction & The Fundamentals

• Introduction to Valuation
• Introduction to Valuation [Quiz, 10 Questions]
• Introduction to Multiples Based Valuation
• Introduction to Multiples Based Valuation [Quiz, 10 Questions]
• What Is Shorting?
• What Is Shorting [Quiz, 5 Questions]
• Accounting Fundamentals I – The Core Concept
• Accounting Fundamentals I – The Core Concept [Quiz, 10 Questions]
• Accounting Fundamentals II – Exploring Financial Statements
• Accounting Fundamentals II – Exploring Financial Statements [Quiz, 15 Questions]

Identifying our Target Firm and Pool of Comparables

• Identifying Our Target Firm
• Identifying A Pool of Comparable Firms
• Extracting Financial Statements of Comparable Firms
• Compiling Financial Statements to Make Them Easily Comparable
• Exploring the Compiled Financial Statements (And Conducting Some Final Cleaning)
• Extracting and Compiling Financial Statements [Assignment]

Identifying our Core Comparable Firm

• Matching Firms on Size and Liquidity
• Matching Firms on Profitability, Competitive Advantage, and Cashflow Management
• Identifying Our Core Comparable Firm
• Identifying A Core Comparable Firm [Assignment]

Exploring Key Valuation Multiples Quick actions

• Price-to-Earnings (P/e)
• Price-to-Earnings (P/e) [Quiz, 15 Questions]
• Price-to-Sales (P/s)
• Price-to-Sales (P/s) [Quiz, 10 Questions]
• Market-to-Book (MTB)
• Market-to-Book (MTB) [Quiz, 10 Questions]
• Price-to-Operating Cashflow (P/OCF)
• Price-to-Operating Cashflow (P/OCF) [Quiz, 5 Questions]
• Creating Your Own Multiples
• Creating Your Own Multiples [Quiz, 5 Questions]

Valuing Stocks using Multiples Quick actions

• Valuing Our Target Firm Using Source Data
• Valuing Our Target Firm Using Source Data (And Designing Our Own Multiple)
• Valuing Our Target Firm Using Third Party Multiples
• Valuing Our Target Firm Using The Pool of Comparables
• Comparing Our Estimates With The Market Price