Valuation Techniques
for Financial Analysts
8 live sessions. 5 methods. A structured path through the mechanics that analysts rely on when a number has to stand up to scrutiny.
What the Program Covers
Five valuation methods, taught sequentially across 8 live webinars — from first-principles DCF to multi-method synthesis. Each session builds directly on the previous one.
Intrinsic Value and DCF Modelling
Two sessions devoted to building a working discounted cash flow model from a blank spreadsheet. Participants choose between WACC and APV discount frameworks, project 5-year free cash flows, and debate Gordon Growth versus exit multiple terminal values.
- Three-statement integration and normalisation
- WACC construction — beta selection, capital structure choices
- Sensitivity tables: WACC vs. growth rate grids
- Where DCF breaks down and how analysts signal uncertainty
Comparable Company Analysis
Selecting peers is harder than it sounds. These sessions focus on screening criteria, data normalisation for non-recurring items, and interpreting why two companies trade at different EV/EBITDA multiples even in the same sub-sector.
- Building a trading comps template with 12 standard metrics
- Calendarising fiscal years across different reporting periods
- Mean, median, and inter-quartile range — when each matters
- Applying a multiple range to derive an implied price range
Precedent Transaction Analysis
Historical deal data introduces control premiums, synergy assumptions, and deal structure effects that do not appear in public trading multiples. This session covers sourcing deals from public filings, adjusting raw multiples, and reconciling transaction comps with your trading comps range.
- Data sources: SEC filings, press releases, Bloomberg
- One-time adjustments: restructuring, stock comp, deferred revenue
- Control premium — size, frequency, and when to apply one
Format
Live webinar with Q&A and downloadable model files after each session
Global Access
Open to analysts worldwide — IFRS and US GAAP differences addressed explicitly
Advanced Frameworks — SOTP and LBO Pricing
Sum-of-the-parts valuation applies when a single multiple cannot capture a diversified business. These two sessions walk through segment-level modelling, conglomerate discount estimation, and how private equity firms use LBO entry pricing as an implied floor value rather than a primary method.
- Identifying reportable segments versus economic business units
- Selecting segment-specific multiples from different peer sets
- LBO model structure: debt tranches, returns targets, entry price sensitivity
- Using LBO value as a transaction floor in M&A advisory
Football Field Synthesis and Presenting Findings
The final session brings all five methods together in a single football field chart — the standard deliverable in investment banking and equity research. Participants learn how to weight methods by situation, communicate valuation uncertainty honestly, and defend assumptions when challenged in a live setting.
- Building a football field chart from scratch in Excel
- Weighting methods by data quality and situational context
- Structuring a valuation memo — 1 page and presentation format
- Responding to pushback on discount rate and terminal value
Analysts at the intermediate stage
Participants typically have 1–4 years of financial analysis experience and want to move from performing individual steps to conducting a full, defensible valuation. The program covers methodology that shows up in equity research, M&A advisory, and corporate development roles.
- Prerequisites: working knowledge of financial statements
- Tools used: Excel — no proprietary software required
- Language: English throughout all sessions and materials