Corporate valuation determines the worth of a firm - an absolutely critical function of businesses in every industry. Understanding valuation techniques is necessary in order to accurately evaluate capital projects, assess potential mergers and acquisitions, and make the bold, strategic decisions that enhance shareholder value.
Corporate valuation is used for the purposes of investment, M&A or as part of internal measures of financial control. It is extensively applied when companies issue new shares, divest operations or acquire other companies. This Course will give the Participants with full review of the content of the major financial statements; balance sheet, Income statement, cash flow statement.
Participants will be exposed to a comprehensive financial statement analysis and valuation framework that integrates strategy, financial reporting, financial analysis and valuation, application of this framework and tools to fundamental analysis, and the role of intermediaries that use these tools in financial markets.
The course will introduce participants to the basic tools used by finance and investment professionals. This course explores equity valuation through the use of fundamental analysis, including industry analysis and intrinsic value modelling. Fundamental analysis includes developing a thorough understanding of an industry, including how companies make money as well as how stocks are valued within the industry. Investment analysis develops the concepts and tools needed to analyse and value various publicly traded securities or non-traded companies. The course will introduce the different approaches of valuation; Discounted Cash Flow, Dividend Discount Models, Net Asset Value and Relative valuations methods.
The main outlines for the 5 knowledge areas of the course are as follows:
Fundamentals of Corporate Finance
Financial Statements, Analysis and Ratios
Major financial statements
Comprehensive financial analysis
The Structure and Interrelationship of Financial Statements
Different types of ratios and their various uses as well as limitations
Foundations of Ratio and Financial Analysis
Short-Term Debt—Balancing Working Capital Needs
Cost of capital and Capital structure and
The overall weighted cost of capital “WACC”
Link between dividend and financing decisions
Dividend decision relevance
Projecting firm’s financial statements
Forecasting techniques and steps
Projected Financial Statements
Forecast Income statement
Forecast Balance sheet
Forecast Cash flow statement
Forecast Free Cash Flow
Discounted Cash Flow Valuation Model
FCFF and FCFE
Forecasting Free Cash Flow
Dividend Discount Valuation Model
Net Asset Value
Price to Earnings
Price to Book Value
Price to Sales
Enterprise Value to Sales
Enterprise Value to EBITDA
Weighted Average Value
Sum of all parts valuation
This course helps students understand how firms communicate through financial statements. They learn how to:
• Use financial statement analysis as an integral part of the strategic analysis of firms
• Interpret financial statements, analyse cash flows, make judgments about earnings quality and uncover hidden assets and liabilities
• Apply financial statement analysis prospectively to forecast and value firms by applying different methodologies
• Use basic financial modelling techniques in Excel
This course was designed for Investment and Commercial Bankers, Corporate Financial decision-makers, Management Consultants and Financial Analysts looking for a more formal introduction to corporate valuation techniques and applications.
The Corporate Valuation Course is presented by experts in the field of investment and finance who have a deep knowledge of investment and finance not academically but practically as well with many years of hands-on experience at the highest level in investment and finance firms in Egypt and internationally.
Location: Regional IT Institute Premises
Duration: 20 hours
Schedule: Twice a week from 18:00 to 22:00
Registration Requirements: Registration form, copy of university graduation certificate, copy of ID and 2 photos