Location: BPP Online Classroom Live
Discounted Cash Flow modelling is probably the most heavily used tool in Corporate Finance & Equity Research teams worldwide. While powerful, they are subject to that old axiom 'garbage in, garbage out'. Small changes in the inputs can result in large swings in the outputs – a prospective future value of a Company's Equity. Nevertheless, with heightened investor concerns about the quality of declared Corporate Earnings numbers & the reliability of over-used valuation metrics like the P/E ratio, more Investors are turning to Cash Flow numbers.
Learning Outcomes
Having attended this course, delegates will have insight into how DCF models are constructed & the pitfalls one encounters along the way.
Course Content
Rationale for & characteristics of DCF modelling. What is Free Cash Flow exactly?
Deriving the cost of equity
The Equity Risk Premium – the past as a guide for the future?
Deriving the cost of debt
Risk Free Rates – looking where exactly?
Calculating the weighted average cost of capital
Terminal value derivation methods
Bookings are made using the link below. Please email ci-pd@bpp.com with any queries.
Benefits of membership include: full members can submit a detailed firm listing for posting on our website, staff of full members can attend our regular lunchtime seminars free of charge, all members have priority booking for our School of International Financial Services (SIFS) training courses.