Learn to value a business based on Comps, Precedents, and a DCF model
Description
CPA Members only
CPA Australia has partnered with the Corporate Finance Institute (CFI) to curate a collection of data and digital courses exclusively for CPA members. CFI courses have an emphasis on hands-on, practical learning and skills acquisition. They teach in-demand industry practices, tools and techniques that help accounting and finance professionals build confidence, stand out from the competition, and make a positive impact on their careers.
This business valuation course provides professionals with the skills they need to perform detailed business valuation modelling using three main methods: Comps, Precedents and DCF Analysis.
The valuation training provided in this course will be valuable to those who are looking for a detailed and step-by-step explanation of how to value a company based on comparable companies, past merger and acquisition (M&A) transactions and a Discounted Cash Flow (DCF) models.
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CFI programs will be supplied to CPA Australia members as standalone courses for 12 months from the date of purchase and as such, any associated CFI certifications are not able to be supplied. Refunds or extensions for purchases of CFI courses will only be available in exceptional circumstances and will be based on CPA Australia and CFI’s cancellation terms.
Learning objectives
• Explain the difference between equity value and enterprise value
• Learn how to calculate various equity and enterprise value multiples
• Explain the drivers of equity multiples and value a business using equity multiples
• Calculate and analyse valuation multiples
• Learn the most common multiples: EV/Revenue, EV/EBITDA, EV/EBIT, P/E
• Learn when it is most appropriate to use each type of multiple
• Value a company using comparable company analysis
• Value a company using precedent M&A transactions
• Value a company using discounted cash flow techniques
• Complete Excel-based case studies and solutions
• Utilise a PDF valuation reference guide that can be downloaded to your computer and use during the course or for future reference.
• Calculate free cash flows to the firm and free cash flows to equity
• Outline the main drivers of free cash flows
• Value a business using a two-stage DCF valuation model
• Learn how to calculate the cost of equity, cost of debt and the weighted average cost of capital
• Calculate beta in an Excel spreadsheet
• Calculate an organisation’s weighted average cost of capital (WACC)
• Create a football field chart to summarise the various valuation methods used in the analysis: Comps, Precedents, DCF