This intensive computer-based 3 day course will equip you with skills required to effectively evaluate companies and assets. Run by the former Head of European Equity Team in one of the main City organisations, the course starts with an overview of different equity valuation methods and explains fundamental framework. You will have a chance to go through various ratios analysis including cash flows, discount rates and periods, capital structure and more. Finally, you will explore more advanced aspects of DCF valuation including calculation of APV and treatment of hybrids.
Each session is concluded with a practical exercise which will help to immediately apply the theory into practice.
By the end of this course you will be able to:
• Differentiate and apply the main types of equity valuation from absolute (DCF, EVA, APV) to relative (P/E, EV/EBIT, EV/EBITDA) methods
• Evaluate balance sheet as well as profit and loss accounts and cash flow statements
• Use comparative company valuation and calculate multiples in practice
• Have an understanding of DCF model structure and how it is used to value a company in practice
• Learn the fundamentals of future cash flow valuation
• Calculate the cost of capital and understand the basics of discounted rates and periods
• Be able to use a DCF model to build a total value of the firm with core and non-core assets
• Understand the basics of discounted rates and periods
• Build the bridge between enterprise and equity valuation
Strictly limited number of places. Register early in order to avoid disappointment.
Wed, 22/07/2015 - 19:52
The introduction of the Alternative Investment Fund Managers Directive (AIFMD) into European law in 2013 was part of a series of moves towards greater regulatory oversight of the hedge fund industry in recent years. In our survey, we asked hedge fund managers for their views on the effect of these new regulations on the industry as well as their expectations about the impact of the AIFMD on their firm over the next 12 months, the results of which are analyzed in this extract from the Preqin Special Report: AIFMD in the Hedge Fund Industry – 2015 Update. ... »
Thu, 02/07/2015 - 15:51
A couple of years ago, the title Chief Information Security Officer, or CISO for short, was a foreign concept within the hedge fund community. The winds have changed, however, as hedge funds become increasingly targeted by cyber hackers, causing many to hire a CISO to uphold the network integrity of the firm. ... »
Mon, 29/06/2015 - 12:48
Sovereign wealth funds, though small in number and secretive in nature, wield considerable influence as investors as a result of their sizeable assets under management. This extract is taken from Preqin’s latest report which features exclusive content from the 2015 Preqin Sovereign Wealth Fund Review. ... »
Tue, 16/06/2015 - 09:57
Mergers and acquisitions in recent years have changed the face of hedge fund administration. Big custodial banks are likely to dominate the HFA space in years to come, forming one part of a barbell with a number of well-run, well-capitalised independent HFAs on the other end. This report examines the implications for both hedge funds and their administrators... »
Fri, 05/06/2015 - 12:06
The North American private debt industry has seen substantial growth in assets over the last decade. This extract from the Preqin Special Report: Private Debt in North America looks at the current state of private debt fundraising and funds currently in market. ... »