Training Corporate Valuation: Techniques & Applications
Who should attend
All individuals who want to enhance their expertise in business valuations should attend this course.
- Finance managers, business analysts, bankers, portfolio managers etc
- Functional/ department heads and decision-making professionals
- Middle to senior managers from different industries
- Financial professionals like CPA, CFA, MBA etc
- Business owners, entrepreneurs, investors, consultants etc
- Any other professional who wants to build up his/her expertise in valuation
Methodology & Trainer
Non-theoretical methodology which includes interactive discussions, case studies, interactive games and assignments to understand the concepts and their applicability.
We request you to please bring your laptop with Microsoft Excel 2007 installed to the class.
All our trainers are carefully chosen by us and possess a rich and vast experience in the financial sector. This course will be conducted by an experienced training consultant having more than 15 years of industry experience with some of the world’s leading financial institutions, specializing in corporate finance, investment banking and private equity.
Course Content
Module – 1
Valuation: Introduction to different methods
- Introduction to business valuations
- Various types of valuation methodologies
- Analysis of company and identifying appropriate methodology to be used for valuation
- Approach to Asset Value vs. Equity Value
- Key pitfalls
Module – 2
Importance of free cash flows
- Difference between Accounting profit and Cash profit
- Approach to forecasting free cash flows
- Components and calculation of detailed free cash flows
Module – 3
Cost of Capital – Equity and Debt
- Components of cost of equity and debt
- Measurement of risk-free returns
- Risk premium for debt and equity and issues in calculating the same
- How to apply beta and its implications
- CAPM and its application
- How to calculate WACC and its application
- Relation between cost of capital and growth
Module – 4
Discounted cash flow approach
- DCF Concept: various types and their applicability
- Understanding of PV, FCFF, FCFE, UFCF, LFCF, Terminal Value
- How to run sensitivities for business valuation
- Adjustment to normalize free cash flows
- Detailed step-by-step approach and calculation
- Analysis of DCF calculation
- Sensitising valuation and understanding the impact
Module – 5
Valuation – Relative and Multiples based method
- Process of valuation from comparative multiples – Compilation, adjustments and rationalization
- How to choose comparable companies and past transactions
- Main factors affecting selection – size, geography, regulation, customers
- Other factors affecting comparability – free float, capital structure, corporate finance activity
- Key adjustments in compilation
- How to calculate and apply key multiples for valuation – Price Earnings multiple, Price to Book multiple, Enterprise value to EBIDTA, EV/FCF, FCF/BV, EV/EBITDA, EV/Capex, EV/Subscriber, EV/EBITDAR, EV/Capacity etc
- Key issues and pitfalls
Module – 6
Analysis of complex companies and transactions
- Companies having various assets and business verticals – Sum-of-the-Parts (SOTP) Valuation
- Strategic decision-making process (Mergers and Acquisitions, Leveraged Buyouts etc)- valuation and issues
- Application of control or leadership premium, synergies, cash flows, illiquidity and minority discounts, etc
- Valuation of start-up ventures and negative cash generating companies
Module – 7
Return analysis
- How to do return analysis at the time of investments and exits
- Expected return vs Final return (Equity IRR- Gross and net)
- Key adjustments and its implications
Module – 8
Key adjustments in the model
- Focus on flexibility and integrity of financial models
- Some key sheets which can be added for return analysis
- Concept of cash multiples
- Additional analysis – sensitivity, scenario, variance etc
- Additional funding requirements, dilution, returns etc
Module – 9
Detailed practical exercise to do valuation exercise from scratch to build confidence of participants
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Kami memberikan alternatif Fasilitas atas Investasi anda dalam Program ini, diantaranya :
- Sertifikat, Peralatan Training, USB, Souvenir, Lunch, Coffe Break, City Tour
- Running minimal 2 Orang (Semarang, Jogja, Solo), Running minimal 3 Orang (Bandung, Jakarta), Running 4 Orang diperuntukan untuk daerah (Bali, Lombok, Manado, Balikpapan)
- Kami menyediakan transportasi antar Jemput dari Stasiun/Bandara ke Tempat Pelatihan(Hotel) bagi perusahaan yang Running minim 2 Orang
- Harga dilampirkan di Brosur Penawaran
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Tambahan Informasi :
1. Silahkan tanyakan ketersediaan Tanggal dan Waktu dari jadwal training terbaru apabila anda tidak menemukan waktu yang sesuai dengan jadwal anda.
2. Training dapat disesuaikan dengan kebutuhan perusahaan jika dalam bentuk In-House Training. Silahkan baca ketentuan In-House Training diwebsite kami atau hubungi kami di Nomer Mobile untuk mendapatkan Fast Respon.
3. Silahkan mengisi Form Request Training di website kami untuk mendapatkan informasi tambahan yang belum ada, atau jika anda ingin menanyakan usulan materi sesuai kebutuhan perusahaan. Hubungi kami lewat email yang tertera atau Register disini!
4. Apabila telah menerima Silabus Training, Customer dapat Request Waktu Training yang diinginkan.
5. Informasi dan Data yang jelas akan memudahkan kami untuk segera merespon permintaan anda.
Customer Dapat Request Tempat, Waktu, serta Fasilitas Training. Silahkan Hubungi kami untuk Menerima Brosur Penawaran.
