Introduction to Business Valuations Course

 Location: London (Central)

This seminar will give participants a thorough grounding in all of the basic techniques that need to be comprehended when valuing a business.

The mechanics of discounted cash flow arithmetic will be covered including the structuring of a model and participants will also gain a grasp of the issues surrounding the choice of the discount rate.

The course will also cover earnings based methods which are commonly used in valuing businesses in a variety of differing circumstances and will also address the alternative valuation techniques that may be deployed.

Participants will be required to bring a laptop with a CD-Rom to the course.

Course categories:Corporate Restructuring Courses, Corporate Finance Courses, Accounting & Finance Courses, Asset Management Courses, Capital Markets Courses, Corporate Banking Courses, Equities Courses, Financial Modelling, Investment Banking / M & A Courses, Investment Consulting Courses, Private Equity / Venture Capital, Research Courses, Asset Management Inhouse, Corporate Banking Inhouse, Corporate Finance Inhouse, Corporate Restructuring Inhouse, Equities Inhouse, Financial Modelling Inhouse, Investment Banking / M & A Inhouse, Private Equity / Venture Capital Inhouse

COVERED TOPICS

Business Accounting Model – Collecting the Correct Data

• Basic accounting model
• Importance of cashflow in business performance
• Ingredients of profit and loss account statement
• Creative accounting problems
• Review of the different perspectives of valuation

Relative Valuation Techniques

• Using the dividend growth model approach
• Variations on the growth model
• Linking the dividend model with the price earnings (PER) ratio
• Understanding the key drivers of PER – risk and growth assumptions
• Relative sector per’s and the implications for future value
• Concept of EBIT and EBITDA multiples of enterprise value (EV)
• Cashflow multiples – EV / FCF, price / cashflow per share
• Sales, asset and other multiples used for valuation
• Understanding why different multiples are used for different valuations
• Benefits and drawbacks of relative valuation techniques

Discounted Cashflow Valuation

• Investment appraisal theory and principles of net present value
• Forecasting the cashflow of the firm
• Free cash flow (FCF) calculation
• Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE)
• Estimating the cost of capital to apply as a discount rate
• Calculating the terminal value
• Limitations of the model

REGISTRATION & PRICING INFORMATION

For more information or to be contacted by the event provider please fill this form:

Registration price

575.00

Query Type

I want to book a seat on this eventI want more informationI have a questionI am looking for related / similar eventsI want this course as in-house courseI want to sponsor this eventI would like to speak on this eventOther

First Name

Last Name

Email

Telephone

Company

Job Title

Questions/ Additional Info

Price: 575.00 GBP
Location: London (Central)
Event date: 15.11.2012 - 15.11.2012
Event duration: 7h30
Event time: 09.30 h - 17.00 h

ADDITIONAL DATES

CONTACT US

Email: info@financialveritas.com

Phone: +44 208 133 5917