Financial statement analysis -- 2

required to arrive at the fair value of the chosen firms using DCF model and comparable multiples. The students will perform the valuation steps from the point of selecting the firms until they reach the enterprise values going through the following:
 Conducting firm selection process: Market, Industry and Firm Selection
 Conducting financial analysis to firms’ historical and current performance

 Forecasting five-year ahead Financial Statements
 Calculate the current Free Cash Flow to Firm (FCFF) and the Free
Cash Flow to Equity (FCFE)
 Calculate the Weighted Average Cost of Capital
 Forecast five-year ahead Free Cash Flow to Firm (FCFF) using two
approaches
 Calculate the Firm Value using a Discounted Cash Flow Model (DCF)
 Calculate the Firm Value using Multiples