1. FCFFginzu.xls Using the Valuation Spreadsheet
Aswath Damodaran
A podcast

2. Overview Suited for: most non-financial service firms
What the spreadsheet tries to do:
Value the operating assets of the firm by disconting the cashflows to the firm at the cost of capital
Augments this value with the value on non-operating assets such as cash and cross holdings
Estimates the value of equity and equity per share

3. A picture of the model…

4. Inputs: Financial Statement numbers

5. Capitalizing R&D

6. Capitalizing Leases…

7. Normalizing Earnings..

8. Market Inputs

9. Ratings and Options (if any)

10. A high growth period?

11. Stable growth inputs

12. Valuation Summary and Diagnostics..

13. Reading the Output