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NYU Stern: Corporate Valuation →0/22
1

Class Logistics and Structure

1:15:51
2

The Bermuda Triangle of Valuation

1:17:16
3

Valuation Approaches (Continued) and First Steps on Intrinsic Value

1:17:50
4

The DCF Big Picture and First Steps on Risk-Free Rates

1:17:38
5

Finishing up Riskfree Rates and Moving on to Risk Premiums

1:17:02
6

Implied Equity Risk Premiums

1:18:22
7

Betas, Relative Risk and First Steps on Cost of Debt

1:17:16
8

Cost of Capital Closure + First Steps on Cash Flows

1:19:56
9

Tax Rates, Cap Ex and Working Capital

1:18:35
10

FCFE Closure and First Steps on Growth

1:49:10
11

Closure on Growth and First Steps on Terminal Value

1:33:01
12

The Terminal Value

44:54
13

Loose Ends in Valuation

1:20:42
14

Last Loose Ends + First Steps on Storytelling

1:17:17
15

More Storytelling and First Company Valuations

1:16:58
16

Valuing the market and companies across the life cycle

1:17:09
17

Valuing Declining, Emerging Market and Financial Service companies

1:34:58
18

Intrinsic Value Closure and Pricing Beginnings

1:27:59
19

Pricing Continued

1:17:10
20

Tariff Talk

46:44
21

Pricing Analytics and Peer Groups

1:16:15
22

Pricing Closure and Asset-based Valuation/Pricing

1:17:37

FCFE Closure and First Steps on Growth

Aswath DamodaranDistinguishedNew York University

Professor

1:49:10·2025·undergraduate level

This lecture completes the analysis of Free Cash Flow to Equity (FCFE) across the corporate life cycle and introduces three key approaches to estimating growth: historical growth, analyst forecasts, and sustainable growth, emphasizing their integrated application.

EconomicsFCFE AnalysisCorporate Life CycleGrowth EstimationSustainable Growth

In this session, we started by completing our discussion of FCFE and how it varies over a corporate life cycle, and then looked at three approaches to estimating growth - a historical growth rate, where you look at past growth, outsourcing growth to analysts or managers and sustainable growth, where you tie growth to how much a company is reinvesting and how well it is reinvesting. Ultimately, you have to find the right mix of historical data, industry trends and your assessment of the company in forecasting growth, and letting uncertainty stop you is not an option.

Source: Aswath Damodaran via YouTubeWatch on YouTube
LecturerAll lecturers →
Aswath DamodaranDistinguished

Kerschner Family Chair in Finance Education, NYU Stern

Professor of Finance at NYU Stern widely known as the 'Dean of Valuation' for his definitive courses on corporate finance and equity valuation.

1 course · 35 lecturesCanon
Previous · Lecture 9

Tax Rates, Cap Ex and Working Capital

Next · Lecture 11

Closure on Growth and First Steps on Terminal Value

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