Course Overview

This 2-day intensive course develops the technical and analytical skills required for company valuation and value creation.

The programme combines practical application, group participation and real-life case studies to help participants understand how different valuation techniques are applied in practice, the decisions and risks involved, and how to select the most appropriate methodology for different situations.

The course also examines the key drivers of value and newer valuation methodologies relevant to new economy, rapid-growth and cyclical companies.

Participants will explore valuation from the perspective of different market participants and investment styles, including how a venture capitalist approaches the valuation of a company.

Course Content

Business Model

Understanding the business model and its relevance to the valuation process.

Business Model — Case Study

Practical application of business-model analysis through a case study.

Projections

Examining projections and their role in determining company value.

Overview: Valuation in Context

Understanding valuation within its broader business and investment context.

Valuation: Cash Flow Approach

Exploring cash-flow-based valuation methodologies and their practical application.

Discount Rates

Understanding discount rates and their role in valuation.

Business Strategy and Value Drivers

Examining how business strategy and key value drivers influence company value.

DCF Case Study — Oman Cement Company

Practical application of discounted cash flow valuation using the Oman Cement Company case study.

Market Methods: Assets and Other Shortcuts

Exploring asset-based approaches and other valuation shortcuts.

Market Methods: Earnings Based

Examining earnings-based market valuation methods.

How a Venture Capitalist Values a Company

Understanding the approach used by venture capital investors when assessing company value.

Valuing New Economy Companies

Exploring valuation approaches applicable to new economy and rapidly changing businesses.

Application of Valuation Methods in Cyclical Companies

Considering how valuation methodologies can be applied to companies operating in cyclical markets.

Private Companies

Examining the specific considerations involved in valuing private companies.

Measuring Valuation Creation

Understanding how value creation can be measured.

Course Summary and Evaluation

The programme concludes with a review of the key concepts covered and course evaluation.