Section 1 : Welcome to the course
Lecture 1 Course overview 00:03:17 Duration

Section 2 : Module 1 Valuation
Lecture 1 What will we learn in this module- 00:01:13 Duration
Lecture 2 What is valuation- 00:02:13 Duration
Lecture 3 Different schools of thought in valuation of companies 00:02:39 Duration
Lecture 4 Application of valuation analyst skills 00:02:30 Duration
Lecture 5 End of Module 1

Section 3 : Module 2 Valuation framework
Lecture 1 INTRODUCTION TO BRAINMEASURES PROCTOR SYSTEM
Lecture 2 Valuation framework - Step 1 - Business model 00:01:55 Duration
Lecture 3 Valuation framework - Step 2- Historical financials 00:01:17 Duration
Lecture 4 Valuation framework - Step 3- Forecast financials 00:01:02 Duration
Lecture 5 Valuation framework - Step 4- Valuation technique 00:00:48 Duration
Lecture 6 Valuation framework - Step 5- Valuation sensitivity 00:00:58 Duration
Lecture 7 Valuation as an art and science 00:00:41 Duration
Lecture 8 Valuation in the context of a real company 00:01:26 Duration
Lecture 9 End of Module 2

Section 4 : Module 3 Business model of a company
Lecture 1 What will we learn in this module- 00:01:44 Duration
Lecture 2 Business model - Products 00:01:34 Duration
Lecture 3 Business model - Costs 00:01:31 Duration
Lecture 4 Business model - Operations 00:00:50 Duration
Lecture 5 Business model - Financing 00:00:50 Duration
Lecture 6 Business model - Strategy 00:00:54 Duration
Lecture 7 Sources of information for capturing the business model of a company 00:02:14 Duration
Lecture 8 Downloading Walmart annual report 00:02:15 Duration
Lecture 9 Reading through Walmart annual report 00:05:08 Duration
Lecture 10 Walmart business model - Products 00:01:53 Duration
Lecture 11 Walmart business model - Cost 00:01:09 Duration
Lecture 12 Walmart business model - Operations 00:01:12 Duration
Lecture 13 Walmart business model - Financing 00:01:19 Duration
Lecture 14 Walmart business model - Strategy 00:02:48 Duration
Lecture 15 End of Module 3

Section 5 : Module 4 Financial statements of a company
Lecture 1 What will we learn in this module- 00:01:48 Duration
Lecture 2 The three key financial statements of any company 00:02:38 Duration
Lecture 3 The typical structure of an income statement of a company 00:02:42 Duration
Lecture 4 The typical structure of a balance sheet of a company 00:03:11 Duration
Lecture 5 The typical structure of a cash flow statement of a company 00:05:18 Duration
Lecture 6 Sources of information of the historical financial statements 00:02:57 Duration
Lecture 7 Capturing Walmart's historical financial statements from Annual Report 00:04:28 Duration
Lecture 8 Download the excel template for this module 00:00:34 Duration
Lecture 9 Standardized income statements
Lecture 10 Understanding minority interests 00:02:59 Duration
Lecture 11 Standardized income statements - contd-
Lecture 12 Standardized balance sheet 00:03:25 Duration
Lecture 13 Capturing Walmart's income statement 00:04:19 Duration
Lecture 14 Capturing Walmart's balance sheet 00:05:08 Duration
Lecture 15 Conclusion 00:00:42 Duration
Lecture 16 End of Module 4

Section 6 : Module 5A Financial ratio analysis of a company
Lecture 1 What will we learn in this module- 00:01:52 Duration
Lecture 2 The five steps to forecasting the financial statements 00:02:04 Duration
Lecture 3 Download the excel template for this module 00:00:34 Duration
Lecture 4 Calculating revenue growth, COGS margin and SGA margin for Walmart 00:05:50 Duration
Lecture 5 Calculating depreciation rate and interest rate for Walmart 00:05:28 Duration
Lecture 6 Calculating effective tax rate and minority interests for Walmart 00:03:18 Duration
Lecture 7 Calculation of AR, Inventory, PPE and AR ratio for Walmart 00:07:50 Duration
Lecture 8 Cash flows statement in Walmart Annual Report 00:04:47 Duration
Lecture 9 Re-download the excel template for this module 00:00:34 Duration
Lecture 10 Calculating the borrowings and dividend payout ratio for Walmart 00:03:14 Duration
Lecture 11 End of Module 5A

Section 7 : Module 5B Extrapolating financial ratios of a company
Lecture 1 Extrapolating the Revenue growth rate for Walmart 00:04:44 Duration
Lecture 2 Extrapolating the COGS margin and SGA margin for Walmart 00:04:34 Duration
Lecture 3 Extrapolating the Depreciation rate for Walmart
Lecture 4 Extrapolating Interest rate, Effective Tax rate & Minority Interest for Walmart 00:04:07 Duration
Lecture 5 Extrapolating AR, Inventory, PPE and AP ratio for Walmart 00:06:08 Duration
Lecture 6 Extrapolating short term Borrowings for Walmart 00:03:18 Duration
Lecture 7 Extrapolating long term Borrowings for Walmart
Lecture 8 Extrapolating Dividends for Walmart 00:06:04 Duration
Lecture 9 End of Module 5B

Section 8 : Module 5C Forecasting the Income statement and Balance sheet of a company
Lecture 1 Forecasting future financial statements of a company 00:00:35 Duration
Lecture 2 Forecasting the Revenues for Walmart 00:03:59 Duration
Lecture 3 Forecasting COGS, Gross Profit and SGA for Walmart 00:06:05 Duration
Lecture 4 Forecasting Depreciation and EBIT for Walmart 00:05:15 Duration
Lecture 5 Forecasting Interest expense and EBT for Walmart 00:04:51 Duration
Lecture 6 Forecasting Taxes, Minority interests and Profits for Walmart 00:06:57 Duration
Lecture 7 Forecasting Inventory, AR and other Current assets for Walmart 00:07:27 Duration
Lecture 8 Lecture 79- Forecasting Fixed Assets, Goodwill and Other Long term Assets 00:05:47 Duration
Lecture 9 Forecasting short term Borrowings for Walmart 00:02:57 Duration
Lecture 10 Forecasting AP and other current liabilities for Walmart 00:03:08 Duration
Lecture 11 Forecasting Long term borrowings and other liabilities for Walmart 00:03:01 Duration
Lecture 12 Forecasting Minority interests for Walmart 00:02:07 Duration
Lecture 13 Forecasting Common Equity for Walmart 00:05:24 Duration
Lecture 14 Quick Recap of what we have learnt so far 00:01:12 Duration
Lecture 15 End of Module 5C
Lecture 16 Please provide us your valuable feedback on the course thus far

Section 9 : Module 5D Forecasting the Cash Flows statement of a company
Lecture 1 Cash flows statement of any company 00:02:32 Duration
Lecture 2 Non-cash costs in Cash flow from Operations of Walmart 00:02:57 Duration
Lecture 3 Non operating expenses in Cash flow from Operations of Walmart 00:01:47 Duration
Lecture 4 Current operating liabilities in Cash flow from Operations of Walmart 00:03:21 Duration
Lecture 5 Current operating assets in Cash flow from Operations of Walmart 00:04:06 Duration
Lecture 6 Calculating Cash flow from Operations of Walmart 00:01:25 Duration
Lecture 7 Cash flow from Investments 00:01:18 Duration
Lecture 8 Capital expenditures for Cash flow from Investments of Walmart 00:04:29 Duration
Lecture 9 Calculating cash flow from Investments of Walmart 00:01:57 Duration
Lecture 10 Borrowings to be repaid in Cash flow from Financing of Walmart
Lecture 11 Interest & Borrowings to be repaid in Cash Flow from Financing of Walmart 00:02:38 Duration
Lecture 12 Dividends and Share buy back in Cash flow from Financing of Walmart 00:02:03 Duration
Lecture 13 Calculating Cash flow from Financing of Walmart 00:01:50 Duration
Lecture 14 Calculating end of year Cash balance of Walmart 00:04:25 Duration
Lecture 15 Linking the Cash flows statement with Balance sheet 00:03:02 Duration
Lecture 16 End of Module 5D

Section 10 : Quick Recap What have we learn in this course so far
Lecture 1 What have we learnt so far in this course- 00:03:07 Duration

Section 11 : Module 6A Valuation technique
Lecture 1 What will we learn in this module- 00:03:07 Duration
Lecture 2 What are we trying to estimate when we say -valuation-- 00:02:16 Duration
Lecture 3 The two important valuation equations 00:01:09 Duration
Lecture 4 Understanding FREE CASH FLOWS in DCF technique 00:01:46 Duration
Lecture 5 Understanding operating cash profits 00:00:59 Duration
Lecture 6 Understanding operating cash investments
Lecture 7 Free cash flows are calculated for the future 00:01:11 Duration
Lecture 8 Understanding DISCOUNTING in DCF technique 00:01:01 Duration
Lecture 9 Understanding the discount rate 00:01:29 Duration
Lecture 10 Understanding the present value of explicit cash flows 00:00:50 Duration
Lecture 11 Understanding terminal value 00:02:17 Duration
Lecture 12 Understanding enterprise value and equity value 00:00:38 Duration
Lecture 13 End of Module 6A

Section 12 : Module 6B Valuation technique application on a company
Lecture 1 The 5 steps to undertaking the valuation analysis of a company 00:03:52 Duration
Lecture 2 Download the excel spreadsheet for this module 00:00:34 Duration
Lecture 3 Calculating Earnings Before Interest & Taxes (EBIT) of Walmart 00:05:07 Duration
Lecture 4 Calculating post tax Operating profit and Operating cash profit of Walmart 00:04:45 Duration
Lecture 5 Calculating Capital expenditures of Walmart 00:01:56 Duration
Lecture 6 Calculating Working capital of Walmart 00:04:49 Duration
Lecture 7 Calculating total operating cash investments of Walmart 00:02:11 Duration
Lecture 8 Calculating the Free Cash Flows to Firm (FCFF) of Walmart 00:01:21 Duration
Lecture 9 Calculating Weighted Average Cost of Capital (WACC) of Walmart 00:05:11 Duration
Lecture 10 Understanding the concept of DISCOUNTING 00:02:55 Duration
Lecture 11 Calculating the present value of FCFF of Walmart 00:04:46 Duration
Lecture 12 Calculating the terminal growth rate of Walmart 00:03:40 Duration
Lecture 13 Calculating the terminal value or perpetuity value of Walmart 00:03:53 Duration
Lecture 14 Calculating the Enterprise value (EV) 00:01:52 Duration
Lecture 15 Calculating the consolidated Equity value of Walmart 00:04:55 Duration
Lecture 16 Calculating the value of Minority Interests of Walmart 00:05:02 Duration
Lecture 17 Calculating the Equity value per share of Walmart 00:02:50 Duration
Lecture 18 Calculating the gap in Equity value per share vs current price of Walmart 00:01:08 Duration
Lecture 19 End of Module 6B

Section 13 : Module 7 Valuation sensitivity
Lecture 1 What will we learn in this module- 00:01:21 Duration
Lecture 2 Implications of the valuation estimate 00:01:56 Duration
Lecture 3 Making the -right- assumptions 00:02:08 Duration
Lecture 4 Download the excel spreadsheet for this module 00:00:34 Duration
Lecture 5 Calculating the valuation sensitivities to changes in important model inputs 00:05:49 Duration
Lecture 6 End of Module 7
Lecture 7 Please provide us your valuable feedback on the course thus far

Section 14 : VALUATION GUIDE - HAVE IT BY YOUR DESK
Lecture 1 Step by step valuation guide