Valuation Fundamentals and Trading Comparables

Description

AMT Training has a new home!

In 2021, AMT Training joined Training The Street

The new global standard in financial modeling and valuation training
We have expanded our product offering by combining our content libraries with Training The Street. You can find your training solutions for corporate, Public Courses, and self-study all in one place.

Who should attend the course?

  • New hires who have joined the firm late and missed the in-house program
  • Individuals looking to fill a knowledge gap
  • Experienced bankers looking to refresh their technical skills
  • Teams employed in financial strategy roles from non-banking corporations
  • Graduates preparing to interview for a role in the finance sector
  • Students at business school and looking for a career in finance

What you will learn

Valuation Fundamentals

The session lays the foundations to build a solid understanding of corporate valuation in the context of investment banking. The most common valuation methodologies are introduced, explaining the difference between a company's fundamental value, and how much an acquirer would pay for the business. The concepts of enterprise value and equity value are explained, using simple but rigorous exercises. Finally, the basics of multiple valuation and discounted cash flow valuation are introduced. Exercises are used throughout the session.

Learning outcomes:

  • The importance of valuation in the investment banking industry
  • Fundamental value vs. how much an acquirer will pay
  • Overview of the major valuation methods
  • Trading comparables analysis
  • Discounted cash flow analysis
  • Transaction comparables analysis
  • LBO analysis
  • Enterprise vs. equity value
  • Book values vs. market values
  • How to calculate enterprise value using market values
  • How to calculate enterprise value using a fundamental valuation approach

Trading Comparables Fundamentals

The session focuses on the details of comparable company analysis. Multiples are calculated on both a historical and forecasted basis and participants will assess the value of the case company based on a given set of comparables. Public information books (‘PIBs’) are used throughout the session.

Learning outcomes:

Calculating the company’s value

  • Number of shares and value of share options
  • Equity value
  • Net debt calculations
  • Enterprise value

Calculating the earnings numbers

  • Cleaning non-recurring items from earnings
  • Calendarization issues
  • Last twelve months analysis

Calculating a range of forward looking and historical earnings multiples

  • Revenue
  • EBITDA
  • EBIT
  • PE
  • PEG
  • Other value driver metrics

Further information

AMT Training
Provider:
AMT Training
Duration:
1 Day

Contact Information

AMT Training

275 Madison Avenue
12th Floor, Suite 1201
New York
NY 10016

  • +1 800 887 1320 (Toll-free, U.S.) +1 704 927 9688 (Outside U.S.)
  • Email
  • Website

Credentials

Locations