
Lecture Slides Download
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Quantify corporate value by pricing your business unit and use that valuation to guide investment decisions, from budgeting to acquisitions, while understanding capital-market rules.
Learn how price is a fixed, momentary number while value reflects subjective benefits and synergy, guiding the rule to buy assets for which value exceeds price.
Examine how debt's tax shield can raise a firm's value without changing operations, and learn to separate operating value from financing choices using NOPAT, FCF, and WACC.
Analyze how changes in working capital (accounts receivable, inventory, and accounts payable) adjust free cash flow from NOPAT, depreciation, and CAPEX to reveal the true cash generation of a business.
Explore how the cost of equity reflects the risk premium investors require, and how CAPM uses the risk-free rate, market risk premium, beta, plus country risk and industry maturity.
Apply WACC concepts through two practice problems, evaluating debt and equity costs, tax shields, and CAPM-based equity in capital structure, while stressing the hurdle rate.
Execute discounted cash flow model for Company A to compute enterprise value from five years of free cash flow, using 5% WACC and a 2% perpetual rate for terminal value.
Build a profit and loss model to calculate nopat from ebit. Use blue inputs, black formulas, and absolute references to lock 5% growth, 60% cogs, 2% sg&a, and 30% tax.
Explore the end-of-period and mid-period cash flow conventions; a six-month timing shift alters present value and enterprise value, emphasizing dynamic, single-input dcf modeling.
Learn how enterprise value converts to shareholder value by subtracting net debt to reveal the value per share.
Apply the net present value method by discounting future cash flows to present value and subtracting the initial investment to decide go/no-go based on timing and value.
Introduction to Corporate Finance: Valuation and Investment Decision-Making ~Master the essentials of corporate finance in just 2.5 hours~
*This course contains the use of artificial intelligence. The original Japanese version of this course has been selected for Udemy Business in Japan. This English edition features a complete translation of that high-quality content, with audio narrated by advanced AI.
This is an introductory course designed to help you master the fundamentals of corporate finance, with a specific focus on business valuation and strategic investment decisions. We will carefully walk through essential concepts, such as:
What "value" truly means in a finance context
For whom that value is created
The critical differences between accounting and finance
Through practical explanations, we will dive deep into the Discounted Cash Flow (DCF) method, the gold standard of valuation. You will learn how to project Free Cash Flows (FCF), understand the importance of the Time Value of Money, and determine the appropriate Discount Rate to calculate present value.
Beyond just formulas, this course focuses on strategic decision-making. You will gain the tools to evaluate whether an investment is truly profitable using key financial metrics. Whether you are preparing for a role in M&A, aiming to improve your company’s corporate value, or simply looking to overcome past frustrations with complex finance textbooks, this course provides a clear and structured roadmap.
By the end of this course, you will be able to independently measure the value of a company or business unit. Let’s master these high-level financial skills and take your market value as a professional to the next level!