All Valuation Modules
- Valuation Overview
- The World of Returns
- Valuation Complexities
- Bank Analysis and Valuation
- Insurance Analysis and Valuation
- Non-Traditional Valuation Metrics
- Cross Border WACC
- Advanced Valuation Issues
- Introduction to Leveraged Valuation
- Advanced Discounted Cash Flow (DCF) Valuation
- Discounted Cash Flow (DCF) Valuation
- Transaction (M&A) Comparables
- Comparable Companies Valuation Methods
- Trading Comparables (Multiples) Valuation
Financial Training Courses
Trading Comparables (Multiples) Valuation
- Categorized in: Valuation
Participants are introduced to preparing multiples using real company data and a case study including a range of international companies. Initially a large group of companies is analyzed and a smaller "comparable set" is identified as close comparables to the target company.
We focus on where to find data in published financial data and equity research reports, how to clean the raw data, and finally documenting and checking the output.
- Screening companies to identify a suitable comparable set
Calculating the company’s value
- Number of shares and value of share options
- Equity value
- Net debt calculations
- Enterprise value
Calculating the earnings numbers
- Cleaning non-recurring items from earnings and resulting tax adjustment
- Calendarization issues
- Last-twelve months analysis
Calculating a range of forward looking and historical earnings multiples
- Revenue
- EBITDA
- EBIT
- PE
- PEG
- Other value driver metrics
- Operating and credit ratios
- Troubleshooting and checking the output
- Applying the results
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AMT Online
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AMT provides online testing, recorded sessions and learning materials through our financial training portal, AMT Online.
