Valuation Course (Intermediate)

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In The Value of Everything program (aka Valuation Course), I provide the ‘nuts and bolts’ of valuation theory, including discounted cash flow (DCF) analysis, dividend valuations, ratio analysis and more.

This program is the perfect preparation for my complete Value Investor Workshop program.

What you’ll learn

The Value of Everything program is an easy-to-follow online course that will teach you to understand the most common valuation techniques, including:

  • Value investing basics — intrinsic value 101, the margin of safety and risk;
  • Valuation ratios (P/E, P/NAV, P/B, EV/EBITDA, dividend yield, earnings yield, etc.);
  • Balance sheets – how to value the balance sheet of any company and ‘rebuild’ the statement to identify the key risks and competitive advantages;
  • Earnings power value (EPV) – how to follow Bruce Greenwald’s valuation theory in real life and why the value of growth is very hard to estimate;
  • Dividend discount models (DDM) – want to value banks or REITs? This tutorial offers an end-to-end application of dividend models to value businesses quickly and easily;
  • Discounted cash flow (DCF) – this tutorial includes everything from how to calculate free cash flow, working capital, discounting future values and more;
  • Internal rate of return (IRR) – when, how and why you should use IRR to value shares of businesses, and
  • The weighted average cost of capital (WACC) – how to correctly calculate discount rates, apply valuation theory and risk weightings

Note: the course uses real-life case studies.

Is the program too hard for me?

This program is our intermediate program. It’s designed for new and existing investors who want to understand how analysts make the decisions they make and how valuation theory can be applied.

You’ll fly through this program if you have:

  • A basic understanding of spreadsheets (don’t stress, I’ll show you how to download the sheets and the programs I use), and
  • Are passionate about understanding investing and business

If you have already studied finance and investing, this program will help you in many ways — university will finally start to make sense!

What’s the difference between this course and your Value Investor Workshop?

If you’re looking for my most comprehensive value investing material, please take our Value Investor Workshop program instead of this one. I made the Value of Everything (intermediate) course quite a few years ago to include just the nuts and bolts of valuation theory.

By contrast, The Value Investor Program is my complete course and is end-to-end because it’s designed to cover all of the steps that professional analysts, DIY investors and portfolio managers take to find, identify, research, value and position their investments. For example, I cover not only how to value companies but the actual steps that are needed to find only the highest quality companies with competitive advantages.

When I invest, more than 90% of my time is taken up by the important work I do before I value a business or company. The Value Investor Program provides all of my workings, materials and theory for this 90%.

You can learn more about my Value Investor Workshop program now or when you’re done with the free valuation course.

Ready to get started? Click on the course introduction topic below.