Session 2B: Valuation Inputs - Equity Risk Premiums, Growth Rates and Terminal Value

In this session (second half of afternoon session, day 1), I started with an assessment of equity risk premiums before examining the fundamentals that determine growth and the constraints that keep terminal value in check.

(This is the first of eight sessions, recorded of a two-day valuation class that I taught for NYU's Trium MBA class in 2022. The playlist with all eight sessions is here:
The webpage for the class is here:
The entire lecture notes are at this link:

[pelusin]

Ever so generous, many thanks professor

[amandugar]

So one of the drawbacks that I feel is using Moody's calculation for country default spread because we are making the assumption that Moody's calculation are correct.
I mean India is currently BBB- grade, the last investment grade but still the world wants to invest in India. Isn't this contradicting?

[ΓιαννηςΖησης-κκ]

@Aswath Damodaran WE NEED THE PART FOR THE TERMINAL VALUE

[arkoraa]

Seems like the video got cut off at the end

[bibekmagar]

Professor how to get erp for Country Nepal

[hongkongnews]

Have anyone try to calculate the implied risk premium the way the video did? I do my search and I got $1022.8 billion cash payout (519 buyback and 509 dividend ) in 2020, and $1404 in 2021. I also got $1908.43 billion total US corporate profit in 2020 after tax and $2619.98 in 2021 through Fred. So that makes cash payout ratio to about 50%, quite different from the ratio in the video. Does anyone or professor know why that happens?