Equity Valuation

This intensive computer-based 3 day course will equip you with skills required to effectively evaluate companies and assets. Run by the former Head of European Equity Team in one of the main City organisations, the course starts with an overview of different equity valuation methods and explains fundamental framework. You will have a chance to go through various ratios analysis including cash flows, discount rates and periods, capital structure and more. Finally, you will explore more advanced aspects of DCF valuation including calculation of APV and treatment of hybrids.

Each session is concluded with a practical exercise which will help to immediately apply the theory into practice.

Main Topics Covered During This Training

• The core valuation approaches: enterprise and equity value
• Analysing operating and non-operating items in the financial statement
• Valuation tools in practice: CDF, EVA, APV, P/E, EV/EBITA, EV/EBIDTA
• Calculation and interpretation of key ratios
• Relative valuation multiples in practice: equity and enterprise based, PEG ratios
• APV vs DCF valuations
• Comparative company valuation
• Valuing and identifying correct cash flows
• Cost of debt and equity
• Calculating discount rates and periods
• Using CAPM in calculating cost of equity
• Cost of capital and capital structure analysis using WACC
• Calculating APV
• Treatment of different hybrids
• Terminal value approach: stable growth, liquidation value and multiple approach