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Learn/Valuation and price targets
LearnValuation and price targets

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B Basic

  • The multiples research uses9m
  • Choosing comps and justifying a multiplePro10m
  • The DCF in a research modelPro10m

A Advanced

  • Setting the twelve month targetPro9m
  • Bull, base, bear, and the skewPro9m
  • Sum of the parts and holding company discountsPro9m
  • Reverse DCF: what is priced inPro8m
  • Special cases: banks, REITs, growth, cyclicalsPro11m
  • FlashcardsPro0/17
  • Basic quizPro80% passes
  • Advanced quizPro80% passes
  • Terms

Special cases: banks, REITs, growth, cyclicals

Some sectors break the usual tools. Banks are valued on book and returns, REITs on funds from operations, early growth on revenue, and cyclicals on mid cycle earnings.

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