Equity Analysis and Valuation Understand and compare the theoretical equity valuation methods to the more commonly-used multiple valuation approach, and then apply these tools to value a company. This supplement explores the reasoning behind and the disad- vantages of the three theoretical equity valuation modelscon- stant growth model, multi-stage growth model, and dividend discount modelby comparing them to the most frequent- ly-used market multiple valuation approach through the lens of General Electric (GE). Subsequently, we will do the same valuations and compar- isons with The Walt Disney Company (Disney) for homework. HOW DISNEY MAKES MONEY Disney has four operating segments: Media Networks, Parks, Experiences & Consumer Products, Studio Enterta