What you will learn

• Describe and illustrate the components of total shareholder return (TSR) and their interrelationships.

• Explain and apply a range of methods for assessing the intrinsic value of the equity or the whole business of a firm.

• Explain value investment strategies based on identifying potentially under-valued firms.

• Discuss the limits and challenges with value investing strategies and the hurdles that investors should be prepared for when implementing them.