Valuation modelling

Valuation analysis has never been as important as it is right now. In a post-COVID business world full of tax consolidations, increasing interest rates, Public Private Partnerships and trade sales few analysts can construct robust valuations. This course aims to plug the holes and provide real-life examples for various enterprise, equity and project valuations.

While all of our courses focus on the practical applications, an understanding of theory is particularly pertinent to this course. This workshop will highlight and examine the theoretical issues that surface regularly in the realm of corporate finance and will challenge some of the inappropriate practices currently being adopted in the real world.

This course highlights how to convert cash flows to free cash flows, notes the different types of valuation and shows you how to model them – without making many of the errors many businesses inadvertently produce.

Learning outcomes:

• Understand the concept of discounted and free cash flows, alongside several other key valuation techniques
• Learn how to calculate free cash flows from existing information
• Appreciate the differences between enterprise value, equity value, project investment appraisal and lease vs. buy decisions
• Recognise the issues associated with developing equity valuations
• Check your valuations using different analytical techniques
• Other metrics: differing internal rates of return (IRR, XIRR and MIRR), Economic Value Added (EVA) (© Stern Stewart), Strategic Value Add
• (SVA), Market Value Added (MVA) and the link to Net Present Value (NPV).