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FINANCIAL MARKET COURSES

Corporate Valuation

Courses In This Course

The ultimate purpose of any firm is the creation of wealth or value for its owners (shareholders). Value creation is the key to the well-being of every organization. If firms are to achieve the ultimate goal of maximizing value, then understanding valuation is extremely important. This course teaches the concept of corporate valuation, describing in detail topics such as equity value and enterprise value that are commonly used as measures of a company's value. Two methods used to determine the relative value of a company - public and acquisition comparables analysis - are covered in substantial detail. DCF analysis, a technique used to derive the intrinsic value of a company based on projected cash flows, is also described. In addition, the course explains how merger consequences analysis is used to determine what an acquirer could pay for a possible target. Finally, the course covers the use of LBO analysis to determine the purchase price of a company by a financial buyer using high levels of debt financing.

Objectives

In this course, you will explore:

Key valuation and financial performance measures, such as EBIT and EBITDA

The mechanics of public and acquisition comparables analysis

The use of DCF analysis to derive the intrinsic value of a company

The use of merger consequences analysis or affordability analysis to determine the price an acquirer could pay for a possible target

The mechanics of a leveraged buyout analysis

Learner Profile

This course is designed for:

New recruits to banking and financial organizations

Corporate bankers

Senior managers

Financial managers

Finance and accounting staff

Sales and marketing executives

IT staff

Compliance and regulatory staff

  •    CORPORATE VALUATION - AN OVERVIEW

    Overview

    The ultimate purpose of any firm is the creation of wealth or value for its owners (shareholders). Value creation is the key to the well-being of every organization. Therefore, if firms are to achieve the ultimate goal of maximizing value, then understanding valuation is extremely important. This course introduces the concept of corporate valuation and describes in detail the concepts of equity value and enterprise value which are commonly used as measures of a company's valuation.

    Course Duration

    60 mins

    Author: Training the Street

    Prerequisite Knowledge

    Prior to studying this course, you should have a basic knowledge of financial statements and financial statement analysis.

    FIND OUT MORE

  •    CORPORATE VALUATION - PUBLIC

       COMPARABLES ANALYSIS

    Overview

    Public comparables analysis is a valuation technique used by finance practitioners and professionals when attempting to derive the relative value of a company compared to publicly traded peers. It is one of two methods to determine the relative value of a company – the other, acquisition comparables analysis, is based on precedent transactions in a given industry and is covered in detail in another course.

     

    In this course, you will learn how to perform the mechanics of public comparables analysis. This includes determining the companies in a particular peer group, sourcing public information and calculating multiples.

    Course Duration

    75 mins

    Author: Training the Street

    Prerequisite Knowledge

    Prior to studying this course, you should have a basic knowledge of corporate valuation as described in the following course:

     

    Corporate Valuation – An Overview

    FIND OUT MORE

  •    CORPORATE VALUATION - ACQUISITION

       COMPARABLES ANALYSIS

    Overview

    Acquisition comparables analysis is a valuation technique used by finance practitioners and professionals when attempting to derive the relative value of a company based on precedent transactions in a given industry. In this course, you will learn how to perform the mechanics of acquisition comparables analysis. This includes determining the list of comparable precedent transactions, sourcing public information and calculating multiples and premiums. Additionally, you will analyze acquisition multiples and derive implied valuation ranges.

    Course Duration

    75 mins

    Author: Training the Street

    Prerequisite Knowledge

    Prior to studying this course, you should have a sound knowledge of corporate valuation as described in the following courses:

     

    Corporate Valuation – An Overview

    Corporate Valuation – Public Comparables Analysis

    FIND OUT MORE

  •    CORPORATE VALUATION - DISCOUNTED

       CASH FLOW (DCF) ANALYSIS

    Overview

    Discounted cash flow (DCF) analysis is a valuation technique used by finance practitioners and professionals when attempting to derive the intrinsic value of a company based on projected cash flows. In this course, you will learn how to perform the mechanics of discounted cash flow analysis. This includes determining a discount rate, calculating projected cash flows, computing terminal value, and valuing a company based on DCF analysis.

    Course Duration

    75 mins

    Author: Training the Street

    Prerequisite Knowledge

    Prior to studying this course, you should have a sound knowledge of corporate valuation as described in the following courses:

     

    Corporate Valuation – An Overview

    Corporate Valuation – Public Comparables Analysis

    Corporate Valuation – Acquisition Comparables Analysis

    FIND OUT MORE

  •    CORPORATE VALUATION - MERGER

       CONSEQUENCES ANALYSIS

    Overview

    Merger consequences analysis is often referred to as an affordability analysis because it is used to determine what an acquirer could pay for a possible target. In this course, you will learn how to perform the mechanics of a merger consequences analysis. This includes determining the proposed transaction’s impact on EPS (accretion/dilution) and credit statistics.

    Course Duration

    75 mins

    Author: Training the Street

    Prerequisite Knowledge

    Prior to studying this course, you should have a basic knowledge of corporate valuation as described in the following course:

     

    Corporate Valuation – An Overview

    FIND OUT MORE

  •    CORPORATE VALUATION - LEVERAGED

       BUYOUT (LBO) ANALYSIS

    Overview

    Leveraged buyout (LBO) analysis is used to determine the purchase price of a company by a financial buyer using high levels of debt financing. A transaction’s feasibility is conditioned upon various stakeholders being satisfied with their potential returns commensurate with the risks taken.

     

    In this course, you will learn how to perform the mechanics of an LBO analysis. This includes determining the contemplated transaction’s implications for each of the stakeholders.

    Course Duration

    75 mins

    Prerequisite Knowledge

    Corporate Valuation – An Overview

    FIND OUT MORE

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