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- Title
Valuation Workbook: a Spreadsheet Framework for Security Analysis.
- Authors
Thompson, Thomas H.; Brock, Ruthie
- Abstract
This paper introduces the valuation workbook (VWB'), a spreadsheet framework that for security analysis, investment, portfolio management, or student managed investment fund classes. Consistent with the CFA methodology, we identify five methods of company valuation: free cash flow to the firm (FCFF), free cash flow to equity (FCFE), dividend discount model (DDM), residual income (RIM), and multiples. In addition to enhancing student knowledge of financial analysis, the standardformat facilitates security evaluation and grading of student analyses.
- Subjects
INVESTMENT analysis; FREE cash flow; VALUATION; CORPORATE finance; PORTFOLIO management (Investments); MUTUAL funds
- Publication
Journal of Financial Education, 2019, Vol 45, Issue 2, p142
- ISSN
0093-3961
- Publication type
Article