Session 10: Growth and Terminal Value

Podcast: Aswath Damodaran · Aswath Damodaran

Opublikowano: 2026-10-17

If this session seems to pass by in a blur, it is because we covered a lot during the class. We started with a continuation of our discussion of fundamental growth rates, starting with non-cash net income and then moving on to operating income. We then looked at the more general question of how to estimate growth and cash flows, when margins are changing. In particular, I used Airbnb’s IPO valuation as an illustrative example. If you are interested in getting more detail on my reasoning, you can try this post that I had at the time of th...