Description
What is this course about?
This course focuses on relative valuation, one of the most widely used approaches in finance. Learn how to identify publicly traded comparable companies and relevant precedent transactions, calculate enterprise value and equity value using real-world data, and analyze different types of valuation multiples. Examine the practical considerations involved in selecting appropriate peers, entering company financial data, and interpreting valuation results. By the end of the course, you will be able to explain the advantages and limitations of comparable company analysis and perform valuations using market-based multiples.
Note: This course was created by the Corporate Finance Institute. We are pleased to host this content in our library.
Objectives
What will I be able to do by the end of this course?
- Describe relative valuation versus other valuation methodologies.
- Recognize the advantages and disadvantages of relative valuation.
- Determine how to pick comparable companies and precedent transactions.
- Match enterprise value and equity value with appropriate metrics.
- Identify debt and debt equivalents as well as cash and other non-operating assets.
- Find and enter the applicable data using real-world examples.
Audience
Who is this course for?
- Finance professionals
- Investment bankers
- Equity researchers
- Private equity professionals
- Anyone working in valuation
- Anyone working in corporate development