Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If You Use a Screen Reader

This content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.

Teaching Equity Valuation with the Value Line Investment Survey: A Template

Philip L. Baird
Journal of Financial Education
Vol. 39, No. 3/4 (FALL/WINTER 2013), pp. 92-120
Stable URL: http://www.jstor.org/stable/23608649
Page Count: 29
  • Read Online (Free)
  • Subscribe ($19.50)
  • Cite this Item
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Teaching Equity Valuation with the Value Line Investment Survey: A Template
Preview not available

Abstract

The article describes an Excel template that takes financial forecasts from the Value Line Investment Survey and outputs valuations from dividend, free cash flow and residual income models. The template is designed to facilitate realism in learning in the context of equity valuation, to provide students an example of a valuation model that incorporates all of the drivers of corporate value, to provide participants in a student-managed investment fund a tool for bottom-up, fundamental analysis and stock selection, to be used as a supplement to lectures on free cash flow, residual income, dividend valuation and expected return, and to stimulate enthusiasm for the study of equity valuation by application to real companies.

Page Thumbnails

  • Thumbnail: Page 
92
    92
  • Thumbnail: Page 
93
    93
  • Thumbnail: Page 
94
    94
  • Thumbnail: Page 
95
    95
  • Thumbnail: Page 
96
    96
  • Thumbnail: Page 
97
    97
  • Thumbnail: Page 
98
    98
  • Thumbnail: Page 
99
    99
  • Thumbnail: Page 
100
    100
  • Thumbnail: Page 
101
    101
  • Thumbnail: Page 
102
    102
  • Thumbnail: Page 
103
    103
  • Thumbnail: Page 
104
    104
  • Thumbnail: Page 
105
    105
  • Thumbnail: Page 
106
    106
  • Thumbnail: Page 
107
    107
  • Thumbnail: Page 
108
    108
  • Thumbnail: Page 
109
    109
  • Thumbnail: Page 
110
    110
  • Thumbnail: Page 
111
    111
  • Thumbnail: Page 
112
    112
  • Thumbnail: Page 
113
    113
  • Thumbnail: Page 
114
    114
  • Thumbnail: Page 
115
    115
  • Thumbnail: Page 
116
    116
  • Thumbnail: Page 
117
    117
  • Thumbnail: Page 
118
    118
  • Thumbnail: Page 
119
    119
  • Thumbnail: Page 
120
    120