Section 1 : Welcome to the course

Lecture 1 Course overview 3:17

Section 2 : Module 1 Valuation

Lecture 2 What will we learn in this module- 1:13
Lecture 3 What is valuation- 2:13
Lecture 4 Different schools of thought in valuation of companies 2:39
Lecture 5 Application of valuation analyst skills 2:30
Lecture 6 End of Module 1 Text

Section 3 : Module 2 Valuation framework

Lecture 7 INTRODUCTION TO BRAINMEASURES PROCTOR SYSTEM Pdf
Lecture 8 Valuation framework - Step 1 - Business model 1:55
Lecture 9 Valuation framework - Step 2- Historical financials 1:17
Lecture 10 Valuation framework - Step 3- Forecast financials 1:2
Lecture 11 Valuation framework - Step 4- Valuation technique 0:48
Lecture 12 Valuation framework - Step 5- Valuation sensitivity 0:58
Lecture 13 Valuation as an art and science 0:41
Lecture 14 Valuation in the context of a real company 1:26
Lecture 15 End of Module 2 Text

Section 4 : Module 3 Business model of a company

Lecture 16 What will we learn in this module- 1:44
Lecture 17 Business model - Products 1:34
Lecture 18 Business model - Costs 1:31
Lecture 19 Business model - Operations 0:50
Lecture 20 Business model - Financing 0:50
Lecture 21 Business model - Strategy 0:54
Lecture 22 Sources of information for capturing the business model of a company 2:14
Lecture 23 Downloading Walmart annual report 2:15
Lecture 24 Reading through Walmart annual report 5:8
Lecture 25 Walmart business model - Products 1:53
Lecture 26 Walmart business model - Cost 1:9
Lecture 27 Walmart business model - Operations 1:12
Lecture 28 Walmart business model - Financing 1:19
Lecture 29 Walmart business model - Strategy 2:48
Lecture 30 End of Module 3 Text

Section 5 : Module 4 Financial statements of a company

Lecture 31 What will we learn in this module- 1:48
Lecture 32 The three key financial statements of any company 2:38
Lecture 33 The typical structure of an income statement of a company 2:42
Lecture 34 The typical structure of a balance sheet of a company 3:11
Lecture 35 The typical structure of a cash flow statement of a company 5:18
Lecture 36 Sources of information of the historical financial statements 2:57
Lecture 37 Capturing Walmart's historical financial statements from Annual Report 4:28
Lecture 38 Download the excel template for this module 0:34
Lecture 39 Standardized income statements
Lecture 40 Understanding minority interests 2:59
Lecture 41 Standardized income statements - contd-
Lecture 42 Standardized balance sheet 3:25
Lecture 43 Capturing Walmart's income statement 4:19
Lecture 44 Capturing Walmart's balance sheet 5:8
Lecture 45 Conclusion 0:42
Lecture 46 End of Module 4 Text

Section 6 : Module 5A Financial ratio analysis of a company

Lecture 47 What will we learn in this module- 1:52
Lecture 48 The five steps to forecasting the financial statements 2:4
Lecture 49 Download the excel template for this module 0:34
Lecture 50 Calculating revenue growth, COGS margin and SGA margin for Walmart 5:50
Lecture 51 Calculating depreciation rate and interest rate for Walmart 5:28
Lecture 52 Calculating effective tax rate and minority interests for Walmart 3:18
Lecture 53 Calculation of AR, Inventory, PPE and AR ratio for Walmart 7:50
Lecture 54 Cash flows statement in Walmart Annual Report 4:47
Lecture 55 Re-download the excel template for this module 0:34
Lecture 56 Calculating the borrowings and dividend payout ratio for Walmart 3:14
Lecture 57 End of Module 5A Text

Section 7 : Module 5B Extrapolating financial ratios of a company

Lecture 58 Extrapolating the Revenue growth rate for Walmart 4:44
Lecture 59 Extrapolating the COGS margin and SGA margin for Walmart 4:34
Lecture 60 Extrapolating the Depreciation rate for Walmart
Lecture 61 Extrapolating Interest rate, Effective Tax rate & Minority Interest for Walmart 4:7
Lecture 62 Extrapolating AR, Inventory, PPE and AP ratio for Walmart 6:8
Lecture 63 Extrapolating short term Borrowings for Walmart 3:18
Lecture 64 Extrapolating long term Borrowings for Walmart 0:0
Lecture 65 Extrapolating Dividends for Walmart 6:4
Lecture 66 End of Module 5B Text

Section 8 : Module 5C Forecasting the Income statement and Balance sheet of a company

Lecture 67 Forecasting future financial statements of a company 0:35
Lecture 68 Forecasting the Revenues for Walmart 3:59
Lecture 69 Forecasting COGS, Gross Profit and SGA for Walmart 6:5
Lecture 70 Forecasting Depreciation and EBIT for Walmart 5:15
Lecture 71 Forecasting Interest expense and EBT for Walmart 4:51
Lecture 72 Forecasting Taxes, Minority interests and Profits for Walmart 6:57
Lecture 73 Forecasting Inventory, AR and other Current assets for Walmart 7:27
Lecture 74 Lecture 79- Forecasting Fixed Assets, Goodwill and Other Long term Assets 5:47
Lecture 75 Forecasting short term Borrowings for Walmart 2:57
Lecture 76 Forecasting AP and other current liabilities for Walmart 3:8
Lecture 77 Forecasting Long term borrowings and other liabilities for Walmart 3:1
Lecture 78 Forecasting Minority interests for Walmart 2:7
Lecture 79 Forecasting Common Equity for Walmart 5:24
Lecture 80 Quick Recap of what we have learnt so far 1:12
Lecture 81 End of Module 5C Text
Lecture 82 Please provide us your valuable feedback on the course thus far Text

Section 9 : Module 5D Forecasting the Cash Flows statement of a company

Lecture 83 Cash flows statement of any company 2:32
Lecture 84 Non-cash costs in Cash flow from Operations of Walmart 2:57
Lecture 85 Non operating expenses in Cash flow from Operations of Walmart 1:47
Lecture 86 Current operating liabilities in Cash flow from Operations of Walmart 3:21
Lecture 87 Current operating assets in Cash flow from Operations of Walmart 4:6
Lecture 88 Calculating Cash flow from Operations of Walmart 1:25
Lecture 89 Cash flow from Investments 1:18
Lecture 90 Capital expenditures for Cash flow from Investments of Walmart 4:29
Lecture 91 Calculating cash flow from Investments of Walmart 1:57
Lecture 92 Borrowings to be repaid in Cash flow from Financing of Walmart
Lecture 93 Interest & Borrowings to be repaid in Cash Flow from Financing of Walmart 2:38
Lecture 94 Dividends and Share buy back in Cash flow from Financing of Walmart 2:3
Lecture 95 Calculating Cash flow from Financing of Walmart 1:50
Lecture 96 Calculating end of year Cash balance of Walmart 4:25
Lecture 97 Linking the Cash flows statement with Balance sheet 3:2
Lecture 98 End of Module 5D Text

Section 10 : Quick Recap What have we learn in this course so far

Lecture 99 What have we learnt so far in this course- 3:7

Section 11 : Module 6A Valuation technique

Lecture 100 What will we learn in this module- 3:7
Lecture 101 What are we trying to estimate when we say -valuation-- 2:16
Lecture 102 The two important valuation equations 1:9
Lecture 103 Understanding FREE CASH FLOWS in DCF technique 1:46
Lecture 104 Understanding operating cash profits 0:59
Lecture 105 Understanding operating cash investments
Lecture 106 Free cash flows are calculated for the future 1:11
Lecture 107 Understanding DISCOUNTING in DCF technique 1:1
Lecture 108 Understanding the discount rate 1:29
Lecture 109 Understanding the present value of explicit cash flows 0:50
Lecture 110 Understanding terminal value 2:17
Lecture 111 Understanding enterprise value and equity value 0:38
Lecture 112 End of Module 6A Text

Section 12 : Module 6B Valuation technique application on a company

Lecture 113 The 5 steps to undertaking the valuation analysis of a company 3:52
Lecture 114 Download the excel spreadsheet for this module 0:34
Lecture 115 Calculating Earnings Before Interest & Taxes (EBIT) of Walmart 5:7
Lecture 116 Calculating post tax Operating profit and Operating cash profit of Walmart 4:45
Lecture 117 Calculating Capital expenditures of Walmart 1:56
Lecture 118 Calculating Working capital of Walmart 4:49
Lecture 119 Calculating total operating cash investments of Walmart 2:11
Lecture 120 Calculating the Free Cash Flows to Firm (FCFF) of Walmart 1:21
Lecture 121 Calculating Weighted Average Cost of Capital (WACC) of Walmart 5:11
Lecture 122 Understanding the concept of DISCOUNTING 2:55
Lecture 123 Calculating the present value of FCFF of Walmart 4:46
Lecture 124 Calculating the terminal growth rate of Walmart 3:40
Lecture 125 Calculating the terminal value or perpetuity value of Walmart 3:53
Lecture 126 Calculating the Enterprise value (EV) 1:52
Lecture 127 Calculating the consolidated Equity value of Walmart 4:55
Lecture 128 Calculating the value of Minority Interests of Walmart 5:2
Lecture 129 Calculating the Equity value per share of Walmart 2:50
Lecture 130 Calculating the gap in Equity value per share vs current price of Walmart 1:8
Lecture 131 End of Module 6B Text

Section 13 : Module 7 Valuation sensitivity

Lecture 132 What will we learn in this module- 1:21
Lecture 133 Implications of the valuation estimate 1:56
Lecture 134 Making the -right- assumptions 2:8
Lecture 135 Download the excel spreadsheet for this module 0:34
Lecture 136 Calculating the valuation sensitivities to changes in important model inputs 5:49
Lecture 137 End of Module 7 Text
Lecture 138 Please provide us your valuable feedback on the course thus far Text

Section 14 : VALUATION GUIDE - HAVE IT BY YOUR DESK

Lecture 139 Step by step valuation guide Text