Equity Valuation
Course
In London
Description
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Type
Course
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Methodology
Inhouse
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Location
London
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Duration
3 Days
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Start date
January
By the end of this course you will be able to:
- Differentiate and apply the main types of equity valuation from absolute to relative methods
-Evaluate balance sheet as well as profit and loss accounts and cash flow statements
-Use comparative company valuation and calculate multiples in practice
-Have an understanding of DCF model structure and how it is used to value a company in practice Learn the fundamentals of future cash flow valuation
-Calculate the cost of capital and understand the basics of discounted rates and periods
-Be able to use a DCF model to build a total value of the firm. Suitable for: From Corporates, Investment Banks, Private Equity, Consulting, Accounting and Legal Companies: Equity Research, Analysts and Sales Equity Capital Markets Investment Managers Members of M&As Departments Corporate Financial Managers Corporate Development Corporate Finance Lawyers
Facilities
Location
Start date
Start date
About this course
Prerequisites. To attend this course delegate should:
-Have intermediate knowledge of accounting
-Have basic modelling skills using Excel
-Have an understanding of financial forecasting and the basics of corporate finance
Reviews
Subjects
- Cash Flow
- Cost of Capital
- Investment
- Financial
- Financial Training
- Equity
- Equity Finance
- Equity Valuation
- Finance
- Company valuation
Course programme
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
Equity Valuation