Chapter 9: Equity Valuation—Concepts and Basic Tools

In this section

• Dividend Discount Models (Single-Stage, Multistage)
  CFA Level 1 guide to Dividend Discount Models (Single-Stage, Multistage) with clear explanations, examples, and practice questions.
• Free Cash Flow to Equity (FCFE) Models
  CFA Level 1 guide to Free Cash Flow to Equity (FCFE) Models with clear explanations, examples, and practice questions.
• Price Multiples (P/E, P/B, P/S, EV/EBITDA) and Relative Valuation
  CFA Level 1 guide to Price Multiples (P/E, P/B, P/S, EV/EBITDA) and Relative Valuation with clear explanations, examples, and practice questions.
• Asset-Based Valuation Approaches
  CFA Level 1 guide to Asset-Based Valuation Approaches with clear explanations, examples, and practice questions.
• Strengths and Limitations of Valuation Techniques
  CFA Level 1 guide to Strengths and Limitations of Valuation Techniques with clear explanations, examples, and practice questions.
• Residual Income Models and Adjustments for Non-Recurring Items
  CFA Level 1 guide to Residual Income Models and Adjustments for Non-Recurring Items with clear explanations, examples, and practice questions.
• Valuing Startups and Early-Stage Companies
  CFA Level 1 guide to Valuing Startups and Early-Stage Companies with clear explanations, examples, and practice questions.
• Multi-Stage FCFE Models with Changing Growth Patterns
  CFA Level 1 guide to Multi-Stage FCFE Models with Changing Growth Patterns with clear explanations, examples, and practice questions.
• Terminal Value Estimation Methods
  CFA Level 1 guide to Terminal Value Estimation Methods with clear explanations, examples, and practice questions.
• Reverse-Engineering Market Expectations
  CFA Level 1 guide to Reverse-Engineering Market Expectations with clear explanations, examples, and practice questions.
• Required Return on Equity (Cost of Equity)
  CFA Level 1 guide to Required Return on Equity (Cost of Equity) with clear explanations, examples, and practice questions.
• CAPM and Multifactor Models
  CFA Level 1 guide to CAPM and Multifactor Models with clear explanations, examples, and practice questions.
• Equity Risk Premium Approaches (Historical, Forward-Looking)
  CFA Level 1 guide to Equity Risk Premium Approaches (Historical, Forward-Looking) with clear explanations, examples, and practice questions.
• Bond Yield Plus Risk Premium Approach
  CFA Level 1 guide to Bond Yield Plus Risk Premium Approach with clear explanations, examples, and practice questions.
• Equity Risk Indicators (Volatility, Value at Risk, Beta Computation)
  CFA Level 1 guide to Equity Risk Indicators (Volatility, Value at Risk, Beta Computation) with clear explanations, examples, and practice questions.
• H-Model for Dividend Growth
  CFA Level 1 guide to H-Model for Dividend Growth with clear explanations, examples, and practice questions.
• PEG Ratios and Adjusted P/E Multiples
  CFA Level 1 guide to PEG Ratios and Adjusted P/E Multiples with clear explanations, examples, and practice questions.