AD 469 SECURITY ANALYSIS   (Spring 2020)         

Instructor:        Attila Odabaşı                                                           
Office:              IB 403;                       
Phone:             212-359 6806             
E-mail:             odabasi@boun.edu.tr
Web:                http://odabasi.boun.edu.tr
Meetings:        FFF 234;               Local: IB 312
Office Hours:  TBA, or by appointment   

Announcements:

 

Course Objectives:
Security Analysis exposes students to applied equity valuat ion techniques employed by finance professionals.   
Valuing a firm’s stock is a difficult task that requires a variety of macroeconomic, industry, and company-specific forecasts. The valuation process is rarely black and white. Two individuals may reach completely different conclusions from the same information. While there is no such thing as a “good” or “bad” assumption, some are clearly more supported than others.
You will not become an expert in one semester. Our primary goal for the course is to cultivate a solid understanding of basic valuation techniques and develop an aptitude for analyzing the primary drivers of a company’s value.  You should leave the course with the knowledge of how to apply several   valuation   models,   and   an   ability   to   comprehend   investment recommendations.
 
Required Material:
The lecture presentations will follow the material in:
Aswath Damadoran, Investment Valuation, 3rd Ed., 2012, John Wiley.

COURSE MATERIAL

Overheads LEcture Notes Assignments,
Sample Exams - Questions
  Syllabus 
 Introduction
 Term Project Due date for the report: last day of the semester.   For Midterm:
 Effcient Market Hypothesis    
 DCF Intrinsic_Valuation
 DCF Valuation: Estimating Parameters  
Intro, Intrinsic_value, DCF_Val_Disc_Rate_1  For later use:
 DCF Valuation: Estimating Parameters DCF_Disc_Rate_2  Equations 
 DCF Estimating CAsh Flows,  Assignment_1
  Tying up Loose Ends    
 DCF Samples_1    Arcelik, TOFAS-FORD
 Relative Valuation  Reading: Valuation by Multiples  
 Valuing Private Firms    
     
 Others:    
 Discount rate components used for Turkish Companies,    
 Account Names