In this episode, Vanessa Chung explores valuation methodologies, sustainability, and cleantech trends. She shares insights into the evolving cleantech landscape and the circular economy. The discussion covers equity research fundamentals, sustainable and ESG investing, and valuation methods like multiple and discounted cash flow (DCF) approaches, using Apple as a case study. Vanessa examines forecasting Apple's free cash flows, terminal value, discount rate, and WACC. The episode also discusses enterprise and equity value calculations, model adjustments, sensitivity analysis, and comparables. Vanessa highlights using Koyfin for public company research and shares workflows for evaluating investments and exits.

(0:00) Overview and Introduction to Valuation Methodologies and Guest Vanessa Chung

(1:13) Vanessa Chung’s Background and Sustainability Interests

(3:42) Cleantech and Circular Economy Trends

(5:29) Equity Research and Valuation Fundamentals

(10:06) A Day in the Life of an Equity Research Analyst

(12:24) Sustainable and ESG Investing Essentials

(16:06) In-Depth Valuation Methodologies: Multiple and DCF Approaches

(22:41) Apple Valuation Case Study: Multiple and DCF Approaches

(27:44) Forecasting Apple's Free Cash Flows and Terminal Value Calculation

(32:03) Discount Rate and WACC Determination for Apple

(34:03) Enterprise and Equity Value Calculation for Apple

(35:23) Q&A on Model Adjustments and Sensitivity Analysis

(38:37) Sponsor: Koyfin Research Tool Introduction

(40:26) Utilizing Koyfin for Public Company Research

(43:49) Workflow for Evaluating New Investments and Exits

(46:10) Advanced Modeling and Segment Analysis

(47:52) The Importance of Comparables in Valuation