
Where valuation meets real understanding
Numbers tell a story — if you know how to read the language they're written in.
Two approaches, one programme
Bemorascul's curriculum combines technical model-building with interpretive analysis. Neither works alone — practitioners need both to make defensible valuation decisions.
Model construction and stress testing
Sessions in this track walk through complete financial models — from initial data structuring through scenario output. Participants build alongside the instructor, not after the fact.
- DCF construction with live sensitivity tables
- Comparable company analysis across 6 sectors
- Precedent transaction adjustments and premia logic
Assumption defence and narrative framing
Knowing the right number is only part of it. Instructors work through how analysts communicate their assumptions to clients, boards, and counterparties under real scrutiny conditions.
- Assumption documentation and audit trails
- Communicating range outputs versus point estimates
- Responding to challenge on discount rate selection
Tibor Vásárhelyi
Lead Valuation InstructorTibor spent 11 years in M&A advisory before moving to full-time instruction. He focuses on transaction multiples and the assumptions analysts get wrong most often under time pressure.
Orla Sundqvist
Senior Modelling AnalystOrla's background is in equity research with a focus on Nordic industrials. She runs model-building sessions with an emphasis on reproducibility and clean assumption documentation.
Kwame Abiodun
Capital Markets SpecialistKwame works primarily on how valuation intersects with deal structuring and capital raising. His sessions draw on 14 years of live transaction experience across 3 continents.