TAILIEUCHUNG - Lecture Equity asset valuation - Chapter 3: Discounted dividend valuation 

In this chapter, we assume that the appropriate measure of future equity cash flows is dividends. We will use dividend discount models (DDMs) and the discount rates discussed in Chapter 2 to determine the common stock value. The topics discussed in this chapter are: An overview of present value models, the general form of the DDM, the Gordon growth model, multistage dividend discount models, and the determinants of dividend growth rates. | Discounted Dividend Valuation Presenter Venue Date 1 Common stock represents an ownership interest in a company and an equity claim on the firm’s future cash flows. The value of common stock is the present value of the future cash flows. This chapter is the first of several to use discounted cash flow (DCF) models for stock valuation. In this chapter, we assume that the appropriate measure of future equity cash flows is dividends. We will use dividend discount models (DDMs) and the discount rates discussed in Chapter 2 to determine the common stock value. The topics discussed in this chapter are an overview of present value models, the general form of the DDM, the Gordon growth model, multistage dividend discount models, and the determinants of dividend growth rates. DISCLAIMER: This presentation is NOT a substitute for the CFA Program curriculum. Candidates should not view this material as reflecting what will be required of them on the CFA exam. Discounted Cash Flow Models 2 LOS: .

• Ngân hàng - Tín dụng
• Equity asset valuation
• Lecture Equity asset valuation
• Equity valuation
• Discounted dividend valuation
• Present value models
• Gordon growth model
• Equity valuation applications
• Equity caluation process
• Intrinsic value
• Residual income valuation
• Valuing common equity
• Residual income
• Valuation indicators
• Valuation ratios internationally
• Momentum indicators
• Private company valuation
• Income approach
• Private valuation approaches
• Free cash flow valuation
• Cash flow available
• Financial statement
• Return concepts
• Quity risk premium
• Capital asset pricing model