Valuation

Objective
Understanding company valuation is a key competitive advantage in M&A as well as fundamental for any corporate investment decision making. The Valuation training course offers an introduction to the principles of valuation and will give you the knowledge to value a project or a company.

Key benefits
By attending this program, you will:

• Be able to value a project or a company and understand valuations presented to you, a key part of making decisions in M&A
• Be able to extract the relevant information from financial statements
• Know what information to get in order to project the relevant future expected cash flows
• Improve your understanding of how the market prices firms, how the market assesses the risks of companies, and what the implications are for companies

Day 1
Relevant Cash Flows and Evaluating Investment Opportunities

• Overview of financial statements
• Understand how business decisions affect cash flows
• Evaluating investment opportunities using the Net Present Value rule

Case study

Day 2
Company Valuation: Forecasting and Evaluating Cash Flows

• Free cash flow and continuing value
• Forecasting and evaluation of future cash flows
• Valuation using Discounted Cash Flow method
• Valuation by Comparables

Case study

Day 3
Company Valuation: Cost of Capital, Risk and Return

• Cost of capital: Weighted Average Cost of Capital (WACC)
• Risk and return: Capital Asset Pricing Model (CAPM)
• Credit Rating and Cost of Debt
• Economic Value Added (EVA), sustainable growth rates, return on invested capital

Case study

The Valuation training course is designed for those who desire to obtain essential skills and knowledge about the theory and practice of financial valuation. The material covered is highly relevant for wide range of professionals – e.g. general managers and advisors as well as finance specialists – particularly those involved in capital budgeting decision-making. Bankers, consultants, lawyers and professionals in other fields can all enhance their professional knowledge with an understanding of the principles of valuation.

For those who wish to gain a deeper understanding of corporate finance or valuation methods, this program can be used as a stepping stone to other AIF courses.

Amsterdam Institute of Finance is registered with CFA Institute as an Approved Provider of continuing education programs. This program is eligible for 18 CE credit hours as granted by CFA Institute. If you are a CFA Institute member, CE credit for your attendance at this event will be automatically recorded in your CE Diary.

"It is a good program, which provides basic knowledge/understanding on valuation. Very well organized and planned."
Business Development
Nuon
The Netherlands

"The basics of valuation are thought through carefully and clearly."
Senior Consultant
ECORYS Finance
The Netherlands