Corporate Valuation: How To Value Companies and Mergers

Course details

This intensive online course is designed to explore corporate valuation skills used by investment bankers and finance practitioners. How do you value companies for situations such as initial public offerings (IPO), general investing, leveraged buyouts (LBO), and mergers and acquisitions? What kinds of valuation tools are typically used by practitioners? Real world examples (e.g., Twitter's IPO) are used to enhance the experience. This course is the online version of Training The Street live courses at Wall Street's 10 largest financial institutions and at the top 20 MBA programs in the United States.

Specifically, the course covers the following topics:

• How a practitioner reads financial documentation
• Public comparables (diluted shares, market value, enterprise value, normalizing financials, valuation multiples)
• Acquisition comparables (deals screening, offer value, transaction value, valuation multiples)
• Discounted cash flow (weighted average cost of capital or WACC, unlevered free cash flows, terminal value)
• Merger consequences (funding a deal, pro forma EPS, accretion / dilution, pro forma credit statistics)
• Leveraged buyout or LBO (factors driving success, sources of funding, internal rate of return or IRR, dividend recapitalization)
• Inputting valuation ranges (presenting valuation to stakeholders, deal marketing examples)
• Life cycle of transactions (IPO process, friendly and hostile M&A processes, M&A sell side process)

In addition, the course provides the following Excel models:

• Discounted cash flow model
• Accretion / dilution M&A model
• LBO IRR returns model
• Football field / floating bar chart valuation model

This course also includes Training The Street Corporate Valuation online course certification.

In front of you is the very best out-of-classroom experience possible - a distillation of all the knowledge we've gained from training thousands of professionals in live seminars. You will not need any other resources to become proficient in corporate valuation. It's a complete, self-contained course.

You should expect to complete the course in approximately 20 - 25 hours, depending on your valuation skills.

Training The Street, Inc.

TTS owns all rights, including copyrights, in this course. This course may not be reproduced or redistributed, in whole or in part, in any format or by any means without TTS prior written consent.