Principles of Equity Valuation and Analysis

Main Topics Covered During This Training
• The core valuation approaches: enterprise and equity value
• Financing and operating items in the financial statement
• Non-operating items
• Valuation tools in practice: CDF, EVA, APV, P/E, EV/EBITA, EV/EBIDTA
• Calculation and interpretation of key ratios
• Differences between relative and absolute valuation methods
• Principles of valuing the cash flows
• DCF theory and rationale
• Forecasting free cash flows
• Calculating NOPAT and FCF from an income statement
• Identifying the correct discount rates and periods
• WACC explained
• Calculating the cost of capital
• Terminal value approach: stable growth, liquidation value and multiple approach
• Relative valuation multiples in practice: equity and enterprise based, PEG ratios
• Comparative company valuation process
• Determining the valuation
• Understanding dilution and timing issues
Course level: Introductory
The course is suitable for equity researchers and analysts and corporate finance professionals.

If you are looking for a more advanced course check our Equity Valuation & Analysis - Intermediate level, 23-25 Nov London
To find our more contact us: enquiry@eurekafinancial.com or +44 207 193 5035