Valuation Course for New Financial Analysts

By the end of this course, you will be able to master the key valuation tools using the case study of Microsoft, allowing you to calculate the intrinsic value of any business, whether you want to:

1) Upgrade your career prospects in the competitive field of finance and specifically in fields like corporate finance, investment banking, business development, M&A, private equity, etc.,

2) Develop a solid business plan for your next entrepreneurship endeavor, or

3) Calculate the fair price of a potential investment

In this course, you will learn exactly how to estimate the value of a business, based on:

1) Discounted Cash Flow Method: The particular method works on the premise that the value of the company stems from its ability to generate free cash flows in the future. It highly depends on the predictions of cash flows, as well as the discount rate that will be used.

2) Comparable Trading Multiples Method: The particular method works on the premise that similar companies of similar size, operating in the same industry should trade at similar valuation multiples (EV/Sales, EV/EBITDA, EV/EBIT, P/E, P/B).

3) Precedent Transaction Multiples Method: The particular method works on the premise that prices paid for similar companies of similar size, operating in the same industry, divided by a financial metric (Sales, EBITDA, EBIT, Net Income, Shareholders’ Equity) should yield similar valuation multiples (EV/Sales, EV/EBITDA, EV/EBIT, P/E, P/B).