This course covers the concepts of valuing a stock starting from the very basics of the present value concept and going through the more advanced concepts of valuation. The main focus will be on the income approach, covering the dividend discount model, and the valuation of non-dividend paying stocks and constant dividend-paying stocks. Then, the course will tackle the Gordon growth model, the multi-stage dividend discount model, and the discounted cash flow model. You will learn how to forecast and derive the free cash flow to equity and the free cash flow to the firm metrics and how to calculate the cost of equity using the Capital Asset Pricing Model (CAPM) and the weighted average cost of capital (wacc), and the situations in which each metric is used. The other 2 main valuation approaches, the asset approach and the market approach, will be covered briefly. This course takes a practical approach. All the concepts will be delivered through numerical examples and you will learn how to apply some of them in Excel.