Slide 1 : Equity Valuation – Online Weekend Course By Dhananjayan.J,
Investment Advisor,
ValueHunt Capital
Email – dhananjayan.dj@gmail.com
Mobile - +919941619553
Slide 2 : Who should attend this course?
Finance graduates who are aiming for career as “analyst” or money manager or as an investor
Working professionals in brokerage firms, investment firms, KPOs in Capital market research, etc
MBA finance students who are undergoing their final year projects
Slide 3 : Objective of this course
To understand the concept of ‘Value investing’
Bottom-up and Top-down approach to value investing
To value public businesses that is listed in the stock market around the globe by using
Relative Valuation
DCF valuation
Slide 4 : Concept of Value investing
Value investing is finding stocks that are overlooked by the market.
Buy low and selling high
Buy when others sell and sell when others buy
Buying with margin of safety – ie buying at 1/3rd of the real value
Buying a distressed assets that has potential to grow in future
Slide 5 : Bottom-up and Top-down approach
Bottom-up approach
Through various valuation screens
52 week low
Plungers
P/E, P/BV, Dividend yield
Through keyword searches
Top-down approach
Slide 6 : Valuation Models
Relative Valuation
Valuing a company comparatively with its peers by the following ratios
P/E, P/BV, Dividend yield
Enterprise value ratios
Leverage ratios
Return on assets and equity
Discounted Cash Flow Approach
Slide 7 : Valuation Models – contd …
Discounted Cash Flow Approach
Valuing a company forecasting its future Free Cash Flow (FCF) and discounting back to its net present value
Components of DCF model
Growth forecast
Discount rate
Terminal growth
Slide 8 : Qualitative Analysis
Management Analysis
Business Analysis
Company Analysis
Industry Analysis
SWOT Analysis
Porter’s Five Forces Model for competitive analysis in the industry
PEST analysis
Slide 9 : Live Project
Valuation model and report on
One Indian Company, and
One Foreign company
Slide 10 : Thank you