TAILIEUCHUNG - Lecture Equity asset valuation - Chapter 6: Market based valuation price and enterprise value multiples

In this chapter, we will examine the P/E and other ratios that scale a firm’s market valuation to a measure of firm value. These ratios will be used to determine the relative valuation of a common share. They are widely used in practice because in a single number, they provide the firm’s market valuation relative to some firm fundamental. | Market-Based Valuation: Price and Enterprise Value Multiples Presenter Venue Date 1 In Chapter 3, we used the Gordon growth model to derive a justified price-to-earnings ratio (P/E) for a stock, given its fundamentals. In this chapter, we will examine the P/E and other ratios that scale a firm’s market valuation to a measure of firm value. These ratios will be used to determine the relative valuation of a common share. They are widely used in practice because in a single number, they provide the firm’s market valuation relative to some firm fundamental. In this chapter, we also examine the issues that affect the evaluation of valuation ratios, how the ratios relate to firm fundamentals, the rationales and drawbacks to the various ratios, the challenges of using valuation ratios internationally, and the use of momentum indicators. DISCLAIMER: This presentation is NOT a substitute for the CFA Program curriculum. Candidates should not view this material as reflecting what will be .

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