Advanced Corporate Finance
The course consists of four different modules, each defining new and innovative corporate finance concepts, such as the objective of corporation and analysis, different valuation techniques for making investment decisions, mergers and acquisitions, performance evaluation, to face the challenges in the current market:
- The use of up-to-date financing techniques in creating shareholder value.
- Gain the skills needed to estimate the value of any business, small or large, private, or public, in a developed or emerging market.
- How to calculate the required returns for investments in companies and divisions.
- How to value and evaluate the performance of a corporate division
- Use payment and deal structures to address a valuation gap between buyer and seller.
- Understand the valuation, beyond the numbers.
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Who should attend?
Participants seeking a deeper understanding of valuation, and the skills and knowledge to confidently make financial decisions.
- Equity Analyst
- Financial officer
- Financial analyst
- Corporate transaction adviser
- Investment specialist
- Financial modeler
- Investment banker
- Corporate banker
Session 1: Company Value and the Manager Mission Part One
- Understand the need to manage value
- Review examples of key winning and losing strategies
- Review the overview of the capital markets
- Understand the managing value perspective.
Exercise (in pairs): Participants are to access a company's current value and cash flows.
Session 2: Company Value and the Manager Mission Part Two
- How to use the pentagon framework for assessing restructuring opportunities.
- Learn an analytic framework for diagnosing market performance.
- Cash is King?
Exercise (in syndicates): Participants need to focus on shareholder value due to the fear of a takeover or a larger investor.
Session 1: Practical Approach to Cashflow Valuations
- Understand the simple component valuation of a single business company framework.
- Understand component valuation of a multi-business company.
- Review the steps in a valuation.
- Learn Forecasting free cash flow framework.
- Estimate the cost of capital.
- Estimate continuing Value
Exercise (in pairs): Participants will review the value of operations and interpret the results for a presentation to senior management.
Session 4: Practical Approach to Economic Value Add (EVA)
- The Importance of the EVA methodology.
- Economic Value Added (EVA) concept with live examples.
- Exercise: Understanding & calculate the EVA formula
- Accounting Adjustments for the EVA calculation
- Applying the WACC Beta calculation with live examples
- Advantages and disadvantages of EVA.
Exercise (in pairs): Participants will complete several short exercises involving applying the EVA formula to a valuation.
Session 1: Practical Approach to other Valuation Methodologies
- Capitalization of future maintainable profits (FMP).
- The notional realization of assets.
- Value of net tangible assets (NTA)-on a going basis.
- Capitalization of future maintainable dividends (FMD).
- Selection of valuation approach.
Exercise (in pairs): Participants will complete a FMP & NTA valuation and compare the results with EVA valuation and advise senior management.
Session 1: The Approach to Valuing Intangibles Assets
- Defining the asset being valued
- Tracking the Growth of Intangibles
- A Hidden but Crucial Driver of Company Value?
- Accounting for intangible assets
- What is an identifiable asset?
- Valuation considerations
- Valuation methodology
Exercise (in pairs): Participants will review several intangible assets valuations.
Session 2: Valuation of Cryptocurrency
- What is cryptocurrency?
- How to account for holding and creating cryptocurrencies?
- Cryptocurrency is NOT a financial instrument?
- Accounting for cryptocurrencies in line with IFRS
- Determinants of Intrinsic value
- The investor's understanding of the value
This session is supported by videos and examples
Session 3: Putting It Together -Valuation Beyond Numbers
- Quality, scale, and risk factors
- Bridging value gaps with payment structures
- Designing deal structures How to create writing that creates action
Exercise (in pairs): Participants to prepare a case to add- value by acquisition, spin-off, or internal operations
Session 4: Workshop Review
- Recap on key objectives and how these have been addressed
- Action planning points
Why choose Euromoney Learning?
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At Euromoney Learning, we understand that learning doesn’t start and end when you leave the classroom. We know that the financial markets never stand still, and that technology has both simplified and added complexity at a break-neck pace. That’s why...