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Financial Modeling

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What is Financial Modeling
What is Financial Modeling
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Financial Modeling

  1. 1. Title Subtitle Presenter – Instructor Name Financial Modeling and Advanced Valuation Presenter – Ankur Kapur Introduction to Financial Modeling
  2. 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 http://www.edureka.co/financial-modeling
  3. 3. What will you learn today?  Why Financial Modeling ?  Course Objective  Course Benefits  Who should take this course ?  Case: Beta calculation http://www.edureka.co/financial-modeling
  4. 4. Course Introduction
  5. 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 Course Objectives 1. acquire advanced financial modeling techniques 2. expertise and in-depth knowledge on various methods of valuation. 3. Gain technical skills as well as analytical and decision-making discretion in any finance job.
  6. 6. Course Benefits 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 http://www.edureka.co/financial-modeling
  7. 7. Who should take this course 1. Commerce graduate 2. MBA students 3. Financial and Business analysts 4. Financial controllers, managers and modelers 5. Chief Financial Officers 6. Risk Managers 7. Chartered Accountants 8. Corporate treasury managers 9. Middle office staff 10. General Managers 11. Fund Managers 12. PE Fund Managers http://www.edureka.co/financial-modeling
  8. 8. 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 http://www.edureka.co/financial-modeling
  9. 9. How do you practically calculate ‘BETA’
  10. 10. 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 http://www.edureka.co/financial-modeling
  11. 11. Estimating the cost of equity – beta calculation http://www.edureka.co/financial-modeling  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.
  12. 12. Use industry/peer results to refine beta estimate To estimate beta based on comparable companies, calculate unlevered betas to develop industry beta estimate and then re-lever with target capital structure Step 1 » Select a comparable benchmark Step 2 » Estimate the benchmark’s Beta Step 3 » Uniliver the Benchmark’s Beta Step 4 » Lever the Beta to reflect the subject’ company’s financial leverage http://www.edureka.co/financial-modeling
  13. 13. Course Details http://www.edureka.co/financial-modeling Edureka's Financial Modeling with Advanced Valuation Techniques course: • Online Live Courses: 21 hours • Assignments: 15 hours • Project: 15 hours • Lifetime Access + 24 X 7 Support Go to www.edureka.co/financial-modeling Batch starts from 14 November (Weekend Batch) Time: 7:00AM to 10:00AM
  14. 14. Thank You Questions/Queries/Feedback Recording and presentation will be made available to you within 24 hours

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