Join Brian Nelson, Morningstar's associate director of training, and Brett Horn, Morningstar's associate director of equity research, as they lead an introductory workshop that will teach you the basics of discounted cash-flow modeling. This analysis forms the basis of the fair value estimates that Morningstar generates for the 2,000 stocks it covers.
Review the process that Morningstar analysts follow to understand a company's current financial situation
Formulate assumptions about a company's future growth prospects and model those assumptions into a future stream of cash flows
Learn how to aggregate the value of those future cash flows to produce an estimate of the company's fair value today
Explore real-world examples and discuss basic comparable ratio analysis and how you can incorporate this when valuing firms.