FINC 412GG - The Power of Mulitples!

Institution:

Westminster College (Salt Lake City)

Subject:

Finance

Description:

"The Power of Multiples" is designed to complement "The Valuation Project" (Exploring the DOW and S&P 100), a May Term course completed in 2016 in which students performed and published a valuation analysis of those firms in the DOW 30 and S&P 100 (see www.models.rhaskell.org) using four commonly cited valuation models (KVD, FCF, Econ Profit, and APV). In this course students will be exposed to the use of multiples as tools used to determine valuation targets by a broad range of investors, from the individual investing for their own portfolio to the institutional investor, hedge fund manager or senior partner in private equity. Students will perform an analysis of those firms in the DOW 30 and S&P 100 through the lens of FactSet's FCFF valuation model and will develop a valuation model form using discounted cash flows and valuation multiples to inform a present valuation of each firm's enterprise. Students will have intensive exposure to FactSet, MS Excel, HP10bII +, and the BVGSB Center for Financial Analysis (CFA) and will be involved in preparing and publishing the results of the analysis to a website (www.multiples.rhaskell.org) and Wikipedia. There will be no text for this course, but students will be required to read a range of published articles. Students are expected to have taken FINC 300, be able to perform TVM functions on an HP10bII+, and have access to MS Excel (for which TVM model techniques and skills will be developed). The course will require substantial time in the CFA and group work outside of the classroom.

Credits:

2.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.westminstercollege.edu

Phone Number:

(801) 484-7651

Regional Accreditation:

Northwest Commission on Colleges and Universities

Calendar System:

Four-one-four plan

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