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Valuation for Startups Using Discounted Cash Flows Approach, Yonsei University

112 ratings
24 reviews

About this Course

Discounted cash flow method means that we can find firm value by discounting future cash flows of a firm. That is, firm value is present value of cash flows a firm generates in the future. In order to understand the meaning of present value, we are going to discuss time value of money, first. That is, the value of $100 today is different from the value of $100 a year later. Then, what should be the present value of $100 that you are going to receive in 1 year? How about the value of $100 dollars that you are going to receive every year for next 10 years? How about forever? After taking this course, you are going to be able to find the present value of these types of cash flows in the future. Unlike most of finance courses, in this course, you are going to learn how to use excel to find present value of future cash flows. In addition to the present value, you are also going to learn how to find future value given investment; interest rate given investment and future cash flows, payments given interest rates, number of periods to wait given investment and interest rate, and so on. After learning the concept and how to find the time value of money, you are going to apply this to real world examples and company valuation. After taking this course, you will be ready to make an estimate of firm value by discounting its cash flows in the future....

Top reviews


Nov 10, 2018

Loved the course! The quizzes and cases really test your knowledge and make sure you understood the concepts and not just theoretically but practically


Jun 04, 2017

To the point, well-explained, perfectly building up to reveal in few hrs how to compute Enterprise value....Just what I was looking for.

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22 Reviews

By Dayanand Kamble

Nov 10, 2018

Loved the course! The quizzes and cases really test your knowledge and make sure you understood the concepts and not just theoretically but practically

By Marco Francisco Ocampo Cid

Sep 23, 2018

no son claras las preguntas

By Javier Luis Gorordo De Rivera

Aug 30, 2018

Lacks explanation for minicase

By Vanessa Roschel Matos

Aug 06, 2018

The final quizz does not have the format of how answers should be

By Justin Wolske

Jul 09, 2018

Great information to start with the DCF approach. A number of assets (e.g., .xlsx files) were not available when they were supposed to be. Also, there's much to be done to foster collaboration (e.g., study groups) with the users taking the course. I appreciate the introduction, however.

By Zia

Apr 15, 2018

Worth it.

Simple & easy to understand

Minor Issues existed in the Final test which needed some clrification

By Anandkumar Surendrarao

Apr 08, 2018

Lectures are clear. The quizzes are also OK, but I think rounding off instructions need to be made clearer in order to quickly move through the evaluation assignments. One possibility is a slight language barrier between instructors' team (Korean) and an English speaking audience. But this did not deter me from making quick progress through this course. Most of the slideshow and lecture material is clear and any clarifications that are sought are answered within 24-48 hours latest. I am quite satisfied with this course and I would recommend it for beginners in this subject area.

By Xingzhang Zhu

Apr 01, 2018

quizzes are generally more difficult than taught in the videos - prior knowledge in finance is somewhat needed.


Mar 24, 2018

The content i felt was less elaborate and left me gasping while doing the final quiz, which needs to be revoked at it terms of answers input. Also it would help to have couple of questions like the final quiz provided with answers provided along with explanation, which the will cut down our un necessary queries on discussion group.

Delivery of this course in that direction could be improved further.

By Jordan Cruice

Mar 07, 2018

Quiz questions were difficult considering the 3 attempt limit. Explanations for the solutions to questions are certainly needed and is lacking in the course currently. Personally, I still don't know what the terminal value was for the mini quiz and how to calculate in that particular example. A solution template for all the quizzes would be helpful.