Valuation & Corporate Finance is a structured track of 6 lessons that build a complete, interview-ready understanding of the topic. Work through them in order, then use the quiz and flashcards in each lesson to revise.
What this course covers
- Valuation Fundamentals — DCF, Multiples & Asset-Based Methods — DCF Valuation — Step-by-Step Flow Project FCF Calculate WACC Discount Cash Flows Terminal Value Enterprise Value Equity Value EV = Σ [FCFₜ / (1+WACC)ᵗ] + [TV / (1+WACC)ⁿ] → Equity Value = EV – Net Debt Chapter 3: Valuati
- Discounted Cash Flow (DCF) Explained Step by Step — Free Cash Flow is the cash available after maintaining and growing the business.
- Relative Valuation — EV/EBITDA, P/E & Comparable Companies — Dimension Intrinsic Valuation (DCF) Relative Valuation (Comparables) Approach Value based on fundamental cash flows Value based on market pricing of peers Methods DCF, DDM, Residual Income EV/EBITDA, P/E, P/B, EV/Revenue
- Corporate Finance Decisions — Capital Structure & WACC — Capital structure refers to the mix of debt and equity a firm uses to finance its operations and growth.
- Cost of Capital, Beta & the CAPM Model — WACC = Ke × [E/(D+E)] + Kd × (1-T) × [D/(D+E)] Cost of Equity (Ke) via CAPM: Ke = Rf + β × (Rm – Rf) India: Rf = 10Y G-Sec yield (~7.0%), Market Risk Premium = 5.0-6.0%, β varies by sector Cost of Debt (Kd) after tax: Kd
- Dividend Policy, Buybacks & Capital Allocation Strategy — Dimension Dividend Buyback Preferred By Tax treatment (post-2020) Taxable in investor's hands LTCG/STCG, more tax-efficient HNI investors prefer buybacks Signalling Regular = stable business Signals undervaluation Both a