Business valuation ; Executive level

Target audience

- Managers non-financial

1 day

Prerequisites

We recommend to master the fundamentals of Corporate Finance, which may be acquired by attending « Corporate Finance – Level 1 (Fundamentals) ».

Objectives

– Learn to identify when and how to use each valuation method from researching a target company to integrating the newly acquired company
– Master valuation methods and their key steps

Detailed content

> Introduction

– Short presentation of the various direct and indirect methods
– Preliminary activity: accounting adjustments for a better comparison

> Valuation based on assets

> From net assets net to revalued net asset base

– Taking intangible capital into account
– « The sum of the parts » approach

> Valuation based on multiples or benchmarking

– Types of multiples: meaning, constraints and benefits
– Best practices for sample selection
– How to apply multiples post restatement and adjusting entries

> Valuation based on free cash flows (DCF method)

– Baseline information: the business plan
– Required tool: discounting
– Two important decisions: discount rate and terminal value

> From value to price

– Negotiation levers
– Two pitfalls to avoid

> Conclusion

– The acquisition (and sale) process steps

Why should you attend?

External growth is one of the levers which a company can use to carry out its strategic goals. This training will allow you to understand how business acquisitions can help create shareholder value.

Training methods and assessment

Presentation of theory illustrated by numerous practical business cases. Many illustrations are drawn from current facts and real-life cases. Participants will take a short test to validate their newly acquired knowledge.
Assessment questionnaire.
A training certificate is delivered at the end of the session.

The trainer is available by e-mail and telephone to answer any follow-up questions participants may have.

Price

1 020 € Excl. VAT – 1 224 € Incl. VAT

Médias

Témoignages

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Jonathan C.
Entreprise
Formation