Company Analysis and Valuation
Course
In City of London
Description
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Type
Workshop
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Location
City of london
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Class hours
6h
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Duration
1 Day
This course will introduce basic approaches to analysing a business from a financial perspective using a range of key performance indicators such as profitability, return on capital, leverage, working capital management, asset utilisation, and cash flow generation. The learning will be supported by examples using a real company.
Facilities
Location
Start date
Start date
About this course
Anyone working in finance or with an interest in financial statement analysis (for example from a credit or financing perspective) and business valuation (for M&A or shareholder value analysis).
Reviews
Subjects
- Business Strategy
- Cost Control
- Cash Flow
- Trading
- Stock Exchange
- Business Finance
- Company valuation
- EBITDA
- EBIT
- Cash Conversion
- Company Analysis and Valuation
- Company Analysis
- Money Concept
- Cash Flow Valuation
- Working Capital Analysis
Teachers and trainers (1)
Felix Kaufmann
Teacher
Felix works with leading international training companies to develop and deliver specialised technical training programs for banking and large corporate clients. In addition, he works with international corporates in the areas of accounting, financial reporting and corporate governance and assists management in the preparation of accounting and regulatory deliverables
Course programme
Areas of focus include understanding revenue concepts and drivers, costs of sales versus support costs and operating versus financing costs and ways to control these, including hedging. All this will be analysed in the context of the competitive pressures on a business and management’s business strategy in response to these pressures.
The second half of the day is spent linking the analysis to company valuation and explaining the key drivers of the value of a business. As is the case with business analysis there are various reasons why a company might have to be valued, including for M&A transactions or to assess if a share is trading at a fair price on the stock exchange. As a consequence, multiple valuation techniques have evolved and the course will introduce the key valuation concepts including enterprise value versus equity value, trading and transaction multiples, and discounted cash flow valuation. This will include the time value of money concept, valuing a controlling or a minority stake in a business and highlighting the key challenges of valuing a company. Again, the analysis will be supported by using a real company.
- Key profitability ratios, including gross, operating and net profit margins as well as EBIT and EBITDA
- Working capital analysis and the cash conversion cycle
- Return on capital, leverage, and asset efficiency measures
- Enterprise value and equity multiples
- Discounted cash flow valuation including free cash flow, terminal value and WACC calculations
Company Analysis and Valuation