Gober, Philipp Daniel2024-09-132024-09-132023-05-292023-05-17http://hdl.handle.net/10362/171742Cost of equity capital is a highly critical and therefore widely researched input for numerous financial models used in corporate practice. In the past decades academic researchers developed implied cost of equity capital (ICE) models using accounting-based valuation approaches and analyst forecasts to estimate the return required by equity investors. While academic literature on this topic aims for empirical contributions, my study presents a practical implementation of these methods for finance professionals. Specifically, I develop a Microsoft Excel-based tool that incorporates the most prevalent ICE models and provides a framework to evaluate their potential ability to predict future realized returns.engCorporate financeCorporate valuationCost of equityImplied cost of capitalEquity premiumAnalyst forecastsResidual income valuationAbnormal earnings growth valuationmaster thesis203365399