Understanding Finance
Understanding Finance
  • Видео 48
  • Просмотров 547 786
Mergers and Acquisitions Public and Private Company Valuation, James Tompkins
This is an advanced topic and assumes an understanding of all lectures in the “Corporate Finance Lecture Series” playlist on this channel. I begin by setting some themes. For example, do financial principles (e.g. risk and return) apply equally to both public and private companies? Is there is a logical minimum and maximum price when a target is bought by an acquirer? What are the impacts on these prices when the target is not liquid and/or there is a change in control between the target and acquirer? Next I tackle the big picture concepts of valuing the target considering valuation issues in both a public and private company setting. Is public company information relevant and useful to p...
Просмотров: 13 070

Видео

Relevant Cash Flows for an Asset Investment, James Tompkins
Просмотров 4,2 тыс.9 лет назад
Net present value, internal rate of return and other analyses pertinent to the asset investment decision (capital budgeting) are applied to a timeline of cash flows. But how do you calculate these cash flows? This is what I explore in this video.
When is the Best Time for a Company to Make an Asset Investment? James Tompkins
Просмотров 7549 лет назад
Companies do not just make decisions about whether or not to build a new factory or develop a new phone (asset investment / capital budgeting decision), but also when is the best time to make such a decision. In this "Understanding Finance Nugget" I show an approach that considers the optimal time for an asset investment decision.
Understanding Profitability Index, James Tompkins
Просмотров 1,9 тыс.9 лет назад
This "Understanding Finance Nugget" not only shows you how to calculate the Profitability Index, but also provides an in-depth understanding of what it means and how to apply it when a company is deciding on a major asset investment or capital budgeting decision (e.g. Apple investing in a new iPhone.) In addition I discuss circumstances in which its application may be useful above and beyond a ...
Understanding Internal Rate of Return, James Tompkins
Просмотров 1,9 тыс.9 лет назад
This "Understanding Finance Nugget" not only shows you how to calculate the Internal Rate of Return, but also provides an in-depth understanding of what it means and how apply it when a company is deciding on a major asset investment decision (e.g. Apple investing in a new iPhone.) In addition I discuss circumstances in which its application may be useful above and beyond a net present value an...
Understanding Payback Period, James Tompkins
Просмотров 6299 лет назад
This "Understanding Finance Nugget" not only shows you how to calculate the Payback Period, but also provides an in-depth understanding of how there is judgment involved in interpreting what the answer means. In addition I discuss strengths and weaknesses of using the payback period as well as circumstances in which its application may be useful above and beyond a net present value analysis.
Understanding Net Present Value, James Tompkins
Просмотров 1,5 тыс.9 лет назад
This "Understanding Finance Nugget" not only shows you how to calculate Net Present Value, but also provides an in-depth understanding of what the answer means. In addition I discuss strengths and weaknesses of a net present value analysis.
What is the Asset Investment Decision (Capital Budgeting)? James Tompkins
Просмотров 1,3 тыс.9 лет назад
This is an “Understanding Finance Nugget” in which I argue that what a company spends its money on, for example Apple spending money to develop the iPhone is arguably the most important decision a firm makes. I refer to this decision as the “Asset Investment” decision and it is also known as Capital Budgeting. For a deeper understanding of not only what it is, I also get into the importance of ...
Another Challenging Time Value of Money Problem, James Tompkins
Просмотров 1,4 тыс.10 лет назад
This is an "Understanding Finance Nugget" in which I do another challenging time value of money problem. This is not quite as hard as the previous nugget (Challenging Time Value of Money Problem), but nevertheless a challenge. If this does not make complete sense I recommend in order that you watch my two lectures: "Time Value of Money: Single Cash Flows, James Tompkins" and "Time Value of Mone...
Challenging Time Value of Money Problem, James Tompkins
Просмотров 2,4 тыс.10 лет назад
This is an "Understanding Finance Nugget" in which I do a challenging time value of money problem. In fact, if you can do this problem, in my opinion you have an in-depth understanding (not memorization) of this topic. If this does not make complete sense I recommend in order that you watch my two lectures: "Time Value of Money: Single Cash Flows, James Tompkins" and "Time Value of Money: Multi...
Deriving the Present Value of a Growth Perpetuity Formula, James Tompkins
Просмотров 9 тыс.10 лет назад
This is an "Understanding Finance Nugget." Whereas a perpetuity is a set of equal cash flows between equal time periods that go on forever, in a growth perpetuity, the cash flows are not equal but grow at a constant rate. For a given effective periodic rate, it is possible to calculate one single value that is mathematically equivalent to the infinite number of growing cash flows.
Annuity Problems, James Tompkins
Просмотров 1,1 тыс.10 лет назад
This is an "Understanding Finance Nugget" in which apply the present value of an annuity formula.
Deriving the Present Value of an Annuity Formula, James Tompkins
Просмотров 2,3 тыс.10 лет назад
In this "Understanding Finance Nugget" I use the present value of a perpetuity as a starting point to derive the present value of an annuity.
Perpetuity Problems, James Tompkins
Просмотров 1,9 тыс.10 лет назад
This is an "Understanding Finance Nugget" in which apply the present value of a perpetuity formula.
Deriving the Present Value of a Perpetuity Formula, James Tompkins
Просмотров 10 тыс.10 лет назад
This is an "Understanding Finance Nugget." A perpetuity is a set of equal cash flows between equal time periods that go on forever. For a given effective periodic rate, it is possible to calculate one single value that is mathematically equivalent to the infinite number of cash flows.
What is an Annuity and Perpetuity? James Tompkins
Просмотров 13 тыс.10 лет назад
What is an Annuity and Perpetuity? James Tompkins
Deriving the Only Single Cash Flow Formula that Exists, James Tompkins
Просмотров 1,1 тыс.10 лет назад
Deriving the Only Single Cash Flow Formula that Exists, James Tompkins
Two Rates Commonly Used in Time Value of Money Equations, James Tompkins
Просмотров 1,2 тыс.10 лет назад
Two Rates Commonly Used in Time Value of Money Equations, James Tompkins
Allow Me to Introduce Myself, James Tompkins
Просмотров 99210 лет назад
Allow Me to Introduce Myself, James Tompkins
What is the Purpose of any Time Value of Money Formula?, James Tompkins
Просмотров 1,3 тыс.10 лет назад
What is the Purpose of any Time Value of Money Formula?, James Tompkins
What is an "Understanding Finance Nugget"?, James Tompkins
Просмотров 2,8 тыс.10 лет назад
What is an "Understanding Finance Nugget"?, James Tompkins
Time Value of Money: Multiple Cash Flows, James Tompkins
Просмотров 21 тыс.10 лет назад
Time Value of Money: Multiple Cash Flows, James Tompkins
Time Value of Money: Single Cash Flows, James Tompkins
Просмотров 21 тыс.10 лет назад
Time Value of Money: Single Cash Flows, James Tompkins
The Dividend Decision, James Tompkins
Просмотров 5 тыс.10 лет назад
The Dividend Decision, James Tompkins
The Capital Structure Decision and Other Issues, James Tompkins
Просмотров 10 тыс.10 лет назад
The Capital Structure Decision and Other Issues, James Tompkins
The Capital Structure Decision and Taxes, James Tompkins
Просмотров 11 тыс.10 лет назад
The Capital Structure Decision and Taxes, James Tompkins
The Capital Structure Decision and Perfect Markets, James Tompkins
Просмотров 11 тыс.10 лет назад
The Capital Structure Decision and Perfect Markets, James Tompkins
Sustainable Growth Rate, James Tompkins
Просмотров 14 тыс.10 лет назад
Sustainable Growth Rate, James Tompkins
Introduction to Advanced Corporate Finance, James Tompkins
Просмотров 14 тыс.10 лет назад
Introduction to Advanced Corporate Finance, James Tompkins
Political Risk, James Tompkins
Просмотров 7 тыс.10 лет назад
Political Risk, James Tompkins

Комментарии

  • @sammuthu1
    @sammuthu1 4 дня назад

    Thanks for the great video! I am not clear about benefit of debt. If you take a loan, yes you pay less taxes, but you have to also pay interest. In your example around 8:00, with the loan, Net Income is $60. Without the loan, it would have been $120. So, is't debt costing more in that case?

  • @naqvimuhammad
    @naqvimuhammad Месяц назад

    Incredible explanation, better than every Finance professor or book I've ever encountered. Thank you.

  • @way2worldoffinance436
    @way2worldoffinance436 3 месяца назад

    Amazing explanation

  • @tikkitempbo
    @tikkitempbo 4 месяца назад

    Hallelujah I found you! I am a fan now

  • @tikkitempbo
    @tikkitempbo 4 месяца назад

    This is so great. Thank you!

  • @jafferkhan1452
    @jafferkhan1452 5 месяцев назад

    Book and author name please

  • @jafferkhan1452
    @jafferkhan1452 5 месяцев назад

    Book name and author please

  • @jafferkhan1452
    @jafferkhan1452 6 месяцев назад

    Nice lecture. Book name and author used for these lectures please...

  • @testar2731
    @testar2731 7 месяцев назад

    Really nice to find this channel, thank you

  • @OfficialDotaPlayer
    @OfficialDotaPlayer 7 месяцев назад

    Beautiful

  • @muhammadsalah4938
    @muhammadsalah4938 10 месяцев назад

    Great lectures really. Thank you!

  • @Lee3374u
    @Lee3374u 10 месяцев назад

    Mr. Tompkins, I went through the CMAP program at Kennesaw, and thoroughly enjoyed it. I have done a few DCFs since then on smaller deals ($1M to $3M EBITDA) and they come out extremely high. I have done quite a bit of research on risk premiums for company specific and for smaller businesses, but most of them give discount premium estimates for a small business as defined by the measure of a public company (still hundreds of millions of dollars in market share, and in those cases 3% to 5% size risk premiums). Do you have any guidance or resources you can share that assist with calculating risk premiums for the discount rate for very small companies? I have read several articles that indicate it isn't uncommon for a discount rate in the range of 25% to 30%+ for very small businesses. I just would like a more defined process for calculating that risk premium if one exists.

  • @abdulrazaqesmat2330
    @abdulrazaqesmat2330 11 месяцев назад

    I would like to thank you for the sharing these effective and informative lectures, Best of luck. How we can get materials of these beautiful lectures for more information.

  • @baneinsane4454
    @baneinsane4454 Год назад

    I salute you sir! You've saved my semester

  • @manojn6645
    @manojn6645 Год назад

    Brilliant presentation! Professor, can you please make a video on the history of international monetary policy?

  • @Lvv-qp5jl
    @Lvv-qp5jl Год назад

    Can you help me understand what debt beta is exactly? if my understanding is correct, debt beta reflects that correlation between the changes in returns to debt holders of the specific company and changes in the average market debt returns to debt holders. In this case, if debt beta is 0, it just means there is no correlation, not that there is no change in risks of debt repayment. is this right? Thank you!

  • @Lvv-qp5jl
    @Lvv-qp5jl Год назад

    Can you explain why, in theory, enterprise value is supposed to be independent of capital structures while in its calculation (discounting Unlevered FCF by WACC), WACC, being a weighted function of debt and equity, is clearly making EV also a function of the mix of debt and equity? Also, we use levered WACC or levered beta for WACC calculation in this case right? Thank you so much!

  • @Mohammad-bg1xc
    @Mohammad-bg1xc Год назад

    But how can we know what's 110 dollars going to be worth in 1 year

  • @ramerousm4019
    @ramerousm4019 Год назад

    The best explanation on SGR I have seen. Great video!

  • @josephmbimbi
    @josephmbimbi Год назад

    A lot of ideology hidden behind biased questions imho, I find that a bit annoying, but I guess it is inevitable to not be biased when talking about economics. But hey I am talking from a non neutral position myself, and I am not an economics expert, so make what you want if it

  • @josephmbimbi
    @josephmbimbi Год назад

    about the example at 30:26 , no european country can print euros, and the BCE won't print euros for governments either, so the euro would be a reserve for the german or the french governement / treasury. Or am i missing something ? Other than that, thank you for this great and clear video

  • @richardgordon
    @richardgordon Год назад

    That was a superb discussion on the capital structure and sustainable growth rate! Very interesting!

  • @Andiaaidil
    @Andiaaidil Год назад

    Info artinya guys

  • @Goku-wr5te
    @Goku-wr5te Год назад

    Sir, it would be grateful if you could share the PDFs. Thanks.

  • @asdfghjkl12904
    @asdfghjkl12904 Год назад

    Amazing explanation! thank you!

  • @ricpue
    @ricpue Год назад

    Great lesson! thanks

  • @Goku-wr5te
    @Goku-wr5te Год назад

    Hey Mr.James,thank you for your lectures.

  • @heatherjordan9869
    @heatherjordan9869 Год назад

    Please stop asking me questions that I do not know the answer to. I feel like I would learn more if you would just teach and come out with the information and not wait for me to "answer" these questions

  • @juseoklee8700
    @juseoklee8700 Год назад

    Thanks for your lecture! Rly clear and easy to understand the concept

  • @nikrvrytr1694
    @nikrvrytr1694 Год назад

    thank you for the wonderful video! 😎😎😎

  • @bakhtiyorakramjonov7606
    @bakhtiyorakramjonov7606 2 года назад

    Thank you sir ! it's been really great learning experience

  • @aprilapril5951
    @aprilapril5951 2 года назад

    Great video, thanks!!

  • @bulldogsforeva
    @bulldogsforeva 2 года назад

    Here's 5 dollars give me my broccoli

  • @levisdasikond1843
    @levisdasikond1843 2 года назад

    Thank you so much Sir. That was a good learning experience and very interactive because of your method on delivering your lecture. Hope to hear more from you.

  • @MrGLites
    @MrGLites 2 года назад

    Excellent job.

  • @uthiripakkangal7015
    @uthiripakkangal7015 2 года назад

    Hi what do you mean by cash flow amount invested equally in equal intervals or the interest received for initial investments at the end of each time interval

  • @pratikshashendre2740
    @pratikshashendre2740 2 года назад

    Can you please provide question bank and answers for some difficult TVM problems. It would be really helpful.

  • @apurwasharma3582
    @apurwasharma3582 2 года назад

    These videos are great

  • @MohammedIslamElshiekhElsmani
    @MohammedIslamElshiekhElsmani 2 года назад

    Interesting!!

  • @hempigha
    @hempigha 2 года назад

    Excellently done!

  • @roynotintown
    @roynotintown 2 года назад

    Hi Sir. How are you??

  • @macumbie
    @macumbie 2 года назад

    Right?

  • @Madeline1999
    @Madeline1999 2 года назад

    I had to drop finance in the beginning of my undergrad. Through your videos I currently am sitting at an A+ in the class I have been most scared of my whole degree! Thank you for such an incredible explanation of these concepts and giving me an interest to learn more!

  • @danzz7583
    @danzz7583 2 года назад

    taking a corporate finance class this semester. This adds a lot of new insight to that class. Thanks :)

  • @gregorygomaere4983
    @gregorygomaere4983 2 года назад

    Thank you Professor Tompkins, you the best

  • @richardparchment275
    @richardparchment275 2 года назад

    Thank you for this. Working on a project and needed a quick understanding of the differences between both.

  • @inshank
    @inshank 2 года назад

    That was so amazing..!! struggling with this concept for many days..!! Thank You..!!

  • @nitinmadagi8200
    @nitinmadagi8200 2 года назад

    Great explanation loved it!!!! Keep up the good work👏👏👏👏👏

  • @mossogbecamara3711
    @mossogbecamara3711 2 года назад

    Thank you.

  • @wilmangonzalez9323
    @wilmangonzalez9323 2 года назад

    Thank you for share your knowlege Dr.