Advanced discounted cash flow advanced

Adkins Matchett & Toy

Course

Inhouse

Price on request

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Description

  • Type

    Course

  • Methodology

    Inhouse

  • Class hours

    4h

This session focuses on how to arrive at a more sensible DCF value with a particular focus on the assessment of free cash flows. Rather than changing growth rate and WACC assumptions, participants analyze their projections and determine cross checks. Suitable for: Any analysts or associates who build and manipulate DCF models

About this course

A good understanding of financial statement analysis and the fundamentals of DCF

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Course programme

This session focuses on how to arrive at a more sensible DCF value with a particular focus on the assessment of free cash flows. Rather than changing growth rate and WACC assumptions, participants analyze their projections and determine cross checks.
Development of historical perspective
  • Turnover
  • Margins and costs
  • Depreciation
  • Tax
  • Working capital
  • Capital expenditure
  • Associates
  • Synergies
  • Cash flow projections
  • Length of forecast period, ROIC and cyclicality
  • Terminal value pitfalls
  • Introduction to the concept of two-stage terminal value and value driver formula
  • Mechanics of discounting
  • NPV, XNPV and date functions in Excel
DCF sensitivity tables
  • Enterprise value versus WACC and Perpetuity growth rate
  • Enterprise value versus WACC and terminal value multiple
  • Implied current valuation multiple versus WACC and Perpetuity growth rate
  • Implied current valuation multiple versus WACC and terminal value multiple

See related categories

Advanced discounted cash flow advanced

Price on request

The best Credit Control courses

See all

See all