Valuation of Companies

Company valuation is not simply about applying a multiple or calculating a discounted cash flow. A meaningful valuation requires an understanding of the company’s financial performance, sustainable earnings, growth prospects, cash generation, risk and the assumptions underlying each valuation approach.

This programme provides a structured approach to valuing companies using income, market and asset-based methods. Participants learn how to analyse financial statements from a valuation perspective, normalise earnings, develop forecasts, apply the Discounted Cash Flow method and use relevant market multiples.

The programme also addresses private companies, loss-making businesses, intangible assets, control premiums, marketability discounts and other valuation adjustments. Participants bring the different approaches together to test assumptions, reconcile results and arrive at a defensible valuation range.