Cross-border waac advanced
Course
Inhouse
Description
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Type
Course
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Level
Advanced
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Methodology
Inhouse
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Class hours
2h
Building on the basic WACC calculations, this session will review the added complexity of companies operating in emerging markets. In addition, this program will assess the WACC of companies operating and financed across different jurisdictions. Suitable for: Users of company valuation in emerging markets
About this course
An understanding of the fundamentals of valuation, in particular WACC
Reviews
Course programme
- Emerging markets: country bond default spreads and risk premiums
- Measuring country risk exposure
- Estimating country risk premium
- Implied equity risk premium - pros and cons (data availability)
- Relative equity market approach
- Cost of equity approaches
- Unrated companies and synthetic ratings
- Real vs. nominal returns
- Adjusting cash flows for risk rather than discount rates; i.e. estimating risk associated with generating cash flow
- Assessing risk profile of a company based on revenues generated across different regions
Cross-border waac advanced