By the time they have completed this Equity Valuation course, participants will have a full understanding of how to value a corporate under different methodologies.
Participants will understand the main valuation methodologies based on the different industries. They will also learn how to perform all the key valuation methodologies on Excel including Discounted Cash Flows and trading multiples based on annual company reports and forecasts.
Session 1
Valuation Fundamentals
The session lays the foundations to build a solid understanding of corporate valuation in the context of investment banking. The most common valuation methodologies are introduced, explaining the difference between a company's fundamental value, and how much an acquirer would pay for the business. The concepts of enterprise value and equity value are explained, using simple but rigorous exercises. Finally, the basics of multiple valuation and discounted cash flow valuation are introduced.
Case study: Basic valuation of a food producer using different methodologies
Session 2
Trading Comparables
The participant is introduced to preparing multiples using real company data and a case study including a range of international companies. We focus on how to select comparables, where to find data in published financials and equity research reports, how to clean the raw data, and how to document and check the output. The most commonly used multiples are explained and complexities such as normalizing for non-recurring expenses / income are also covered. The session ends with practical exercises on the application of multiple analysis to value a company.
Case study: Calculation of key EV and equity multiples for a food manufacturer taking into account its associate and non-controlling interests position
Session 3
DCF Valuation
The participant learns how to build a discounted cash flow valuation model. The session starts with an overview of the valuation methodology, and the steps required in setting up a valuation model. We then focus on the calculation of free cash flow. A detailed ratio analysis is used to establish the reasonableness of the forecasts and to identify when the target company reaches steady state. We analyze the weighted average cost of capital, calculate terminal values, using both the exit multiple method and the perpetuity growth method. We discount the free cash flows to arrive at enterprise values and calculate the implied share price.
Case study: Valuation of a multinational using a DCF model and comparison with current trading levels
The cost of the training is £750 + VAT per delegate
City Training is a highly-distinguished supplier of premium public courses, in-house training, and courses for universities and schools. The company focuses solely on financial training and covers the areas of financial accounting, corporate finance, valuation, credit analysis, regulatory capital, mergers and...
Find out more about this Equity Valuation course - simply fill out your details:
Are you curious about the L&D strategies of some of the U.K.'s top companies?
Find out what they're up to in findcourses.co.uk's second annual U.K. L&D Report!
![]() |
Read the course |
|
![]() |
Fill in your details and Request information |
|
![]() |
Receive all the info you need |