Intrinsic Valuation

19 Março 2014, 11:00 • JOÃO CARLOS CARVALHO DAS NEVES

1. The CAPM - Theory and pratice

Risk free rate

Equity risk premium

Betas and unlevered betas

Country risk issues

2. Cost of debt

3. Cost of prefered stock

4. The WACC

 

 

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Intrisic Valuation

18 Março 2014, 12:30 • JOÃO CARLOS CARVALHO DAS NEVES

Introduction to present value valuation

Major concepts of valuation: types of cash flow, types of cost of capital, terminal value

Types of valuation models: Equity approach, Entity approach : WACC method and APV method

Models to implement the cost of equity

 

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Intrisic Valuation

18 Março 2014, 11:00 • JOÃO CARLOS CARVALHO DAS NEVES

Introduction to present value valuation

Major concepts of valuation: types of cash flow, types of cost of capital, terminal value

Types of valuation models: Equity approach, Entity approach : WACC method and APV method

Models to implement the cost of equity

 

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relative valuation

12 Março 2014, 12:30 • JOÃO CARLOS CARVALHO DAS NEVES

What is a relative valuation

How to use relative valuation

Equity approach multiples

Enterprise value approach multiples

Case study: Portugal Telecom

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Relative Valuation

12 Março 2014, 11:00 • JOÃO CARLOS CARVALHO DAS NEVES

What is a relative valuation

How to use relative valuation

Equity approach multiples

Enterprise value approach multiples

Case study: Portugal Telecom 

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