Day One: Valuation Foundations
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Introduction to Valuation
- Purpose of valuation
- Types of valuation approaches
- Enterprise vs equity valuation
- Valuation in strategic decisions
- Market vs intrinsic value
- Valuation drivers
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Financial Statement Analysis for Valuation
- Interpreting financial statements
- Revenue and cost analysis
- Profitability assessment
- Cash flow analysis
- Ratio analysis for valuation
- Financial forecasting inputs
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Discounted Cash Flow (DCF) Valuation
- Free cash flow estimation
- Discount rate determination
- Terminal value calculation
- Forecasting assumptions
- Sensitivity analysis
- Limitations of DCF
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Relative Valuation Methods
- Comparable company analysis
- Market multiples (P/E, EV/EBITDA)
- Benchmarking techniques
- Industry comparisons
- Market trends and valuation
- Advantages and limitations
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Cost of Capital & Risk
- WACC fundamentals
- Risk assessment in valuation
- Cost of equity and debt
- Impact of leverage
- Risk-adjusted returns
- Valuation under uncertainty