Comparable Valuation Analysis

This course focuses on relative valuation, one of the most widely used approaches in finance. Learn how to identify publicly traded comparable companies and relevant precedent transactions, calculate enterprise value and equity value using real-world data, and analyze different types of valuation multiples. Examine the practical considerations involved in selecting appropriate peers, entering company financial data, and interpreting valuation results. By the end of the course, you will be able to explain the advantages and limitations of comparable company analysis and perform valuations using market-based multiples.

Audience:
Finance professionals
Investment bankers
Equity researchers
Private equity professionals
Anyone working in valuation
Anyone working in corporate development

Learning objectives
Describe relative valuation versus other valuation methodologies.
Recognize the advantages and disadvantages of relative valuation.
Determine how to pick comparable companies and precedent transactions.
Match enterprise value and equity value with appropriate metrics.
Identify debt and debt equivalents as well as cash and other non-operating assets.
Find and enter the applicable data using real-world examples.