Equity Valuation Techniques 1: Discounted Cash Flow Valuation

Key Learning Aims:

  • Explain the importance of equity valuation
  • Justify the rationales for discounted cash flow (DCF) equity valuation
  • Value a stock using the dividend discount model (DDM) and free cash flow (FCF) model
  • Estimate the weighted average cost of capital (WACC)
  • Describe the role of the Capital Asset Pricing Model (CAPM) in equity valuation
  • Estimate the inputs for the CAPM, including unlevered and levered betas
  • Discuss the pros and cons of using DCF  
  • Analyze the drivers of a DCF valuation
  • Critique a discounted cash flow equity valuation

This Program is Recommended For:

  • Investment Bankers and Corporate Finance Professionals
  • Investment Analysts
  • Entrepreneurs, Business Owners, Finance and Non-Finance Professionals in a Corporate
  • Investors
  • Legal and compliance professionals

Program Duration: 3 Hours

SIDC CPE Points: 10 points

Download the program brochure here.

Course Instructor

Kah-Teck Wong Kah-Teck Wong Facilitator

Kah Teck has more than a decade of capital markets experience. He was a portfolio strategist in CIMB Investment Bank and AmInvestment Bank where he was responsible for spearheading investment advisory and product development initiatives and also played an active role in evaluating numerous plain vanilla and hybrid fund raising options. He has also worked for the Securities Commission in research and formulating capital market development policies.

Now the Managing Director and Principal Trainer for FMTCS Sdn Bhd, Kah Teck passionately shares his knowledge and experience with professionals in many of Malaysia’s leading financial institutions and government-linked institutions. His trainees frequently credit him with the ability to make finance interesting and demystify complex finance concepts. 

Kah Teck graduated summa cum laude with a dual degree in finance and economics from the University of Pennsylvania’s Wharton School and School of Arts and Sciences, and holds an MBA (with Honors) from the Booth School of Business, University of Chicago. He is also a Chartered Financial Analyst (CFA) charterholder. Kah Teck was also awarded the ASEAN scholarship to pursue pre-university studies in Singapore. 

His teaching and research interests are in corporate finance, derivatives, securities valuation, financial risk management, financial modelling and financial analysis.

One-Time Payment

3 months of access