Course curriculum
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1
Introduction & welcome to VMC Module 1
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Brief welcome to the Valuation Master Class
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Introduction to Andrew and the Valuation Master Class
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2
Chapter 1: Basic accounting and finance
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L01 Introduction & welcome to chapter 1
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L02 Download glossary of terms and worksheet
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L03 How shareholders set up a business
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L04 Balance sheet basics
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L05 Four main types of long-term assets
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L06 The importance of inventory
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L07 Depreciation and accrued accounts
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L08 Principles and four main accrual accounts
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L09 Gross profit and retained earnings
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L10 Settling accounts receivable and payables
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L11 Wrap up and next steps
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Ch1 Questions
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3
Chapter 2: Profit & loss forecasting
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L01 Introduction & welcome
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L02 Speed vs accuracy
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L03 Valuation starts with revenue
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L04 ValueModel Setup and Troubleshooting
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L05 A - ValueModel - Forecast revenue
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L06 Common-size analysis - Net margin
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L07 Forecasting gross profit
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L08 Common-size analysis - Gross margin
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L09 Porter on competitive advantage
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L10 B - ValueModel - Forecast gross profit
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L11 Common-size analysis - EBIT margin
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L12 C - ValueModel - Forecast EBIT
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L13 MSCI and sector analysis
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L14 Wrap up & next steps
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Ch 2 Questions
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4
Chapter 3: Balance sheet forecasting
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L01 Introduction and welcome to chapter 3
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L02 Current assets
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L03 D - ValueModel - Forecast current assets
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L04 Common-size analysis - Current assets and forecasting cash
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L05 Long-term assets - LT investments
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L06 Long-term assets - Gross fixed assets
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L07 Capex and how to forecast it
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L08 ValueModel treatment of fixed assets
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L09 E - ValueModel - Forecast gross fixed assets
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L10 Accumulated depreciation and how to forecast it
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L11 Long-term assets - Net fixed assets
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L12 F - ValueModel - Forecast NFA and other assets
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L13 Common-size analysis - Liabilities
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L14 Forecasting liabilities
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L15 G - ValueModel - Forecast liabilities
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L16 H - ValueModel - Forecast equity
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L17 Wrap up & next steps
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Ch 3 Questions
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5
Chapter 4: Avoiding common valuation mistakes
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L01 Introduction & welcome
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L02 9 Valuation Mistakes and How to Avoid Them
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L03 I - ValueModel - Detect common errors
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L04 Wrap up & next steps
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Ch 4 Questions
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6
Chapter 5: Company research
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L01 Deeper research about FAST
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Add Valuation Master Class Certificate to Your LinkedIn Profile and recommendation
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7
Chapter 6: Basic absolute valuation
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L01 Introduction and welcome to chapter 6
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L02 The foundation of valuation - DCF
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L03 Value FAST using constant growth model
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L04 Free cash flow to the firm
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L05 Free cash flow to equity
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L06 J - ValueModel - Review free cash flow output
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L07 Cost of equity
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L08 K - ValueModel - Estimate cost of equity
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L09 Weighted average cost of capital
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L10 L - ValueModel - Estimate weighted average cost of capital
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L11 Fade and terminal periods
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L12 M - ValueModel - Fade and terminal period assumptions
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L13 N - ValueModel - Review discount valuation output
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L14 Wrap up and next steps
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L15 Tell the world when you've finished Module 1
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8
Chapter 7: Basic relative valuation
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L01 Introduction and welcome
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L02 Relative valuation
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L03 O - Valuemodel - Review multiple valuation output
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L04 Relative valuation for FAST
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L05 Sensitivity analysis
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L06 Wrap up and next steps
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L07 How to continue your journey
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L08 How to join Module 2
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Ch 7 Questions
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Instructor
