2. Know your instructor
Ankur is a Finance domain expert and has over twelve years of experience in
valuations, M&A, research and portfolio management. He currently manages over
$100 million assets and classifies himself as active portfolio manager and his area
of expertise includes equity, F&O, fixed income and portfolio management.
Ankur has worked with global companies such as American Express Financial
Advisors, McKinsey and Ernst & Young. He is an alumnus of Hindu College and
Delhi School of Economics. He is also a CFA from CFA Institute, USA and CFP from
FPSB India.
Ankur has trained 500+ students in Financial Modeling globally.
Ankur Kapur – CFA, CFP
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3. What will you learn today?
Why Financial Modeling ?
Course Objective
Course Benefits
Who should take this course ?
Case: Beta calculation
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5. Course Introduction
Advanced Valuation and Financial Modeling Course is an online live training program that can enable you to build a
comprehensive understanding of valuation and also become an expert in excel modeling
http://www.edureka.co/financial-modeling
By attending this program, you will:
Deepen your understanding of the valuation concepts you apply daily
Re-focus / re-learn the financial theory behind estimating value
Further understand and enhance your knowledge of valuation theory and
potential application
Question common practices and identify common mistakes and
misunderstandings
Who should attend?
Commerce graduate
MBA students
Financial and Business analysts
Financial controllers, managers
and modelers
Chief Financial Officers
Risk Managers
Chartered Accountants
Corporate treasury managers
Middle Office Staff
General Managers
Fund Managers
PE Fund Managers
6. Course Content
Advanced Excel Features and Techniques
Financial Statement & Analysis
Cost of Capital
Stock Valuation Models
DCF Modeling
Special Situation - Private Company Valuation
Mergers & Acquisitions
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8. Estimating the cost of equity – beta overview
What is Beta? A measure of how much a company’s stock moves with the market
Beta is a result of comparison to a “market” return. Make sure you
understand which market comparison it is based upon (e.g. local vs. global)
Why is Beta
important?
Beta is a measure of investment risk that helps us to estimate the returns
required for an equity investment
It helps us to define the non-diversifiable “risk” of a security
How to
calculate Beta
Beta is estimated by regressing a company’s stock returns against an index
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9. Estimating the cost of equity – beta calculation
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Raw regressions should use at least 60 data points (e.g., five years of monthly returns). Rolling
betas should be graphed to examine any systematic changes in a stock’s risk.
Raw regressions should be based on monthly returns. Using shorter return periods, such as daily
and weekly returns, leads to systematic biases.
Company stock returns should be regressed against a value weighted, well-diversified portfolio,
such as the S&P 500 or MSI World Index.
10. Course Details
http://www.edureka.co/financial-modeling
Edureka's Financial Modeling with Advanced Valuation Techniques course:
• Online Live Courses: 16 hours
• Assignments: 15 hours
• Project: 15 hours
• Lifetime Access + 24 X 7 Support
Go to www.edureka.co/financial-modeling
Batch starts from 5 December (Weekend Batch)
Time: 8:00PM to 10:00PM