Course Contents

This robust course offers a comprehensive study of relative valuation. Both the comparable trading analysis and the precedent transactions will be detailed. The course begins with an overview of valuation methods and a deep dive into the principles of relative valuation.

The course navigates through the two key valuation concepts, including various valuation ratios.

Participants will learn to select appropriate comparable companies and transactions and will examine the application of relative valuation with special attention given to its role in mergers and acquisitions.
Using case studies to bolster practical comprehension and adjust anomalies where necessary.

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Get access to Kepsfield Academy's unique adaptive learning environment with comprehensive theory, videos and adaptive quizzes on 5 different levels.
Get guided through the process of creating a relative valuation model for a listed and for a private company, calculate sensitivities and present the outcomes in a valuation report.
Comparable company valuation models, comparable transaction valuation models, valuations report, excel and powerpoint templates for visualization.

Lessons Overview

In this course you will learn the basic concepts of Relative Valuation including comparable trading analysis and comparable transactions analysis.

The course consists of the following subjects.

Lesson 1: Course Outline & Introducing the Case Study
Lesson 2: Introduction to valuation
Lesson 3: Enterprise and equity value
Lesson 4: Relative market valuation
Lesson 5: Introduction to Comparable Trading Analysis
Lesson 6: Key Multiples in Comparable Trading Analysis
Lesson 7: Financial Statement Analysis and Adjustments
Lesson 8: Preparing the Comp Table
Lesson 9: Comparable Transactions Analysis
Lesson 10: Case Study - Relative Valuation
Lesson 11: Equity Value Adjustments
Lesson 12: Debt Value Adjustments
Lesson 13: Adjusting for Non-Operating Assets
Lesson 14: Adjusting the Income Statement
Lesson 15: The adjusted Comp Table
Lesson 16: Advanced Case Study - Relative Valuation