ADMS 4501 Lecture Notes - Stock Valuation, Cash Flow, Dividend Discount Model

• School: York University
• Department: Administrative Studies
• Course: ADMS 4501
• Professor: all

Document Summary

Adms 4501 winter 2012 lois king. Lecture 8 chapter 9 stock analysis, part i mar 1. Economic, industry and structural links to company analysis. Site visits and the art of the interview. Present value of cash flows (dcf: present value of dividends (ddm, present value of free cash flow to equity (fcfe, present value of free cash flow (fcff) Relative valuation techniques: price earnings ratio (p/e, price cash flow ratios (p/cf, price book value ratios (p/bv, price sales ratio (p/s) Required rate of return estimate: nominal risk-free interest rate, risk premium (market-based risk estimated from the firm"s characteristic line using regression).