Course description
Financial Analysis for Corporate Valuation
Financial Analysis for Corporate Valuation is a 2-day course that can be booked individually or as part of the 5-day Corporate Financial Analysis and Valuation School.
The valuation of corporates is a fundamental skill required of a wide range of finance professionals including equity analysts, strategists, corporate finance executives, fund managers, PE/VC executives and general bankers. The recent volatility of corporate valuations, combined with the emergence of new sectors, makes understanding the theory and practice of valuation essential. Module 1 of the course offers a comprehensive introduction to financial analysis from the point of view of valuation.
This practical course is taught using inter-active sessions that comprise lectures followed by short, practical and inter-active case studies and exercises to reinforce the concepts covered in each teaching session. Emphasis is placed on participants gaining hands on experience of the various valuation techniques.
Upcoming start dates
Who should attend?
Who could benefit from this course?
- Investment bankers
- Credit analysts
- Fund managers
- Treasurers
- Equity analysts and strategists
- Compliance officers
- Equity sales and traders
- Corporate finance lawyers
Training content
Day 1
A Framework for ESG and Responsible Investing
History and Background to ESG and Responsible Investing
- An historical overview of socially responsible investing
- Social purpose, sustainability and purposeful capitalism
- Differentiating between socially focused investing, governance focused investing and environment focused investing
- The size and growth of the ESG and SRI marketplace
- Global ESG assets by type of exposure
- Stimulants and catalysts behind the growth of ESG and SRI investing
- Why the ESG market is poised for further growth
Theoretical Backdrop: The Shareholder Model Vs Stakeholder Model
- Summary of shareholder value maximisation theory
- The Milton Friedman doctrine
- Agency theory and the separation of ownership and control
- Shareholder value theory and ESG integration are compatible
- Stakeholder value theory and why it is on the ascendancy
- Narrow versus broad definitions of stakeholders
- Defining corporate responsibilities to all stakeholders
- Frameworks for shareholder stewardship
- ESG factor analysis
- ESG risk premia
- Alpha, beta and smart beta in the context of ESG and SRI investing
Standards and Regulatory Background
- The Paris Agreement 2015, UNFCCC
- The Sustainable Development Goals
- The Coalition for Environmentally Responsible Economies (CERES)
- The Sustainability Accounting Standards Board (SASB)
- The UN Principles for Responsible Investment (PRI)
- The Green Bond, Social Bond and Sustainable Bond Principles
- Unilever’s sustainable living plan
The Future for ESG and Responsible Investing
- Rapid growth set to continue, if not accelerate
- ESG metrics – the soft underbelly of the ESG market
- Formulating ESG disclosure frameworks
- Corporate governance and stewardship codes
- Engaged owners and engaged ownership
- An institutional charter
Day 2
ESG Methodologies and Investment Processes
Exclusion-Based ESG Investing
Continuing studies
After completing this Module, participants will learn:
- how to analyse a firm's financial statements when undertaking corporate valuations, including how to derive underlying earnings and cashflow
- ratio analysis, including profitability, performance, leverage, liquidity, returns to firm and equity
- the impact on valuation of debt, financial assets, quasi-debt, provisions, deferred taxes, off balance sheet liabilities and other factors
Why choose Euromoney Learning?
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60,000 professionals trained across public courses
80+ countries where training is delivered
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Euromoney Learning
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...