🏋️ How company valuation works, ft. Ryan Newman, CFA | DCF to CAPM, we've got you covered

In this Investor Bootcamp episode on The Australian Investors Podcast, Owen Rask is joined by Ryan Newman, CFA to talk about company valuation. It's everything you need to know about how stock market valuation is done in practice.

Download Owen's Investor Bootcamp training manual: https://bit.ly/rask-analyst

Topics covered include:

• What is valuation?
• Why does it matter?
• Valuation multiples - the good, bad and ugly
• Discount rates - how they're calculated in academia v practice, what they mean, the impact of interest rates, etc.
• Free cash flow calculation - how, what & why?
• How a DCF works & rules of thumb (incl. rebuilding an income statement and working capital, etc.)
• Dividend Discount Models (DDM) - when these types of 'cash flow to equity' valuations are used (banks, REITs, annuities, etc.)
• Where and how Ryan learned about valuation

Resources

Motley Fool - https://www.fool.com.au

Ryan’s Twitter - https://twitter.com/TMFNewmy

Morgan Housel - Other Industries presentation: https://www.youtube.com/watch?v=wml0xO4cG8g

BCG analysis of stock returns (see the Bootcamp Training Manual)

Ryan's preferred book: https://danielcoyle.com/the-talent-code/

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DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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