AdvancedStocks
Valuation and Assumptions
Build the growth, margin, and multiple assumptions behind a fair-value range, and learn which inputs actually move the answer.
18 lessons6h 53m4 modules
What the course covers
Module 1The four inputs that decide everything3 lessons · 1h 6m
Strip the spreadsheet back to what actually moves the answer.
- 1Growth, margin, multiple, discount rateFree preview22m
- 2Which input your answer depends on24m
- 3Sensitivity as the real output20m
Module 2Building each assumption honestly5 lessons · 1h 57m
Anchoring on the company's record instead of on hope.
- 1Revenue growth: what a decade actually looks like26m
- 2Margins: why they compress23m
- 3Exit multiples and mean reversion25m
- 4Choosing your required return21m
- 5Free cash flow versus earnings22m
Module 3Three scenarios, not one number4 lessons · 1h 24m
Producing a range you can defend and act on.
- 1Constructing low, mid, and high24m
- 2Reading a fair-value band18m
- 3When the price sits inside your range20m
- 4Expected return versus margin of safety22m
Module 4Reverse valuation6 lessons · 2h 26m
The most useful version of the exercise: what does today's price already assume?
- 1Solving for the implied growth rate27m
- 2What has to be true24m
- 3Case study: a richly-priced compounder29m
- 4Case study: a cheap business that stayed cheap26m
- 5Documenting the model you will revisit17m
- 6Common ways a valuation flatters itself23m