A 5-day comprehensive training course designed to provide delegates with an understanding of the following:
- Different corporate valuation techniques and their applications using Excel
- Qualitative factors affecting valuations
- The impact of capital structure on valuation
- The impact of corporate finance transactions on valuation, including LBO's
- Specific valuations, e.g. high growth, cyclical and distressed companies
The valuation of companies is fundamental to the operation of the capital markets. It forms the basis of share trading and corporate finance activity, including capital raising, mergers, acquisitions, demergers and disposals. The ability of market participants to identify under or overvalued companies drives out-performance and the creation of shareholder value.
The purpose of this course is to analyse and practice a range of corporate valuation techniques, their appropriate application and their advantages and disadvantages.
The course considers a wide range of quantitative and qualitative factors that determine valuations.
A number of case studies across a range of industries are considered to help course participants practice valuation techniques and also to illustrate that corporate valuation can involve a high degree of subjectivity. This course does not extend to the analysis of banks, insurance companies or structured vehicles.
The teaching methodology used on this course combines formal theoretical instruction with frequent reference to market data, use of exercises and case studies. Case studies are based on real situations and are designed to help delegates implement new valuation techniques and to learn from empirical experience. Delegates are expected to know how to use Excel at a basic level and should bring a personal computer with them. The course is intended to be practical and inter-active, with delegates encouraged to ask questions. The techniques taught to delegates are intended to be of immediate practical use in the workplace. The lecturer will be available throughout the duration of the course to offer additional help if required.