Session 13 (Val Undergrad): Loose Ends in Valuation

In this class started with a look at customizing discounted cash flows models to reflect the companies that we are valuing, talking about equity versus firm valuation and choice of growth patterns We then moved on to a discussion of cash holdings and why investors may discount that cash in the hands of some companies, to cross holdings, and why they are difficult to incorporate into value, and to other assets that you may consider adding on, because we have not considering them yet. On the latter, the key component to remember is not to double count an asset, by first counting its cash flow and then the value of the asset itself.

Start of the class test: https://pages.stern.nyu.edu/~adamodar...
Slides: https://pages.stern.nyu.edu/~adamodar...
Post-class test: https://www.stern.nyu.edu/~adamodar/p...
Post-class test solution: https://www.stern.nyu.edu/~adamodar/p...