Top Business Group for Human Resources

Corporate Valuation

Date Wednesday 16-08-2017 Category Finance

The Course will give the participants with full review of the content of the major financial statements; balance sheet, Income statement, cash flow statement; the course examines the financial strengths, ratios, inventories, long-lived assets, income taxes, debt, leases, and pensions.
Participants will be exposed to a comprehensive financial statement analysis and valuation framework that integrates strategy, financial reporting, financial analysis and valuation, application of this framework and tools to fundamental analysis, and the role of intermediaries that use these tools in capital markets
The course will introduce participants to the basic tools used by finance and investment professionals. This course explores equity valuation through the use of fundamental analysis, including industry analysis and intrinsic value modelling. Fundamental analysis includes developing a thorough understanding of an industry, including how companies make money as well as how stocks are valued within the industry. Investment analysis develops the concepts and tools needed to analyse and value various publicly traded securities. The course will introduce the different approaches of valuation; Discounted Cash Flow, Dividend Discount Models, Net Asset Value and Relative valuations methods.

Training methodology 
Students are also exposed to the latest academic research on fundamental analysis. The course has a very practical emphasis, with a wide variety of cases, in-class exercises and a group project, all involving comprehensive analyses of publicly traded companies.

Course Outline
  • Fundamentals of Corporate Finance & Valuation 
  • Financial Statements, Analysis and Ratios
  • Major financial statements 
  • Comprehensive financial analysis focusing 
  • The Structure and Interrelationship of Financial Statements
  • Foundations of Ratio and Financial Analysis
    • Management’s Point of View
      • Operational Analysis
      • Profitability
    • Owners ‘Point of View
      • Investment Return
      • Disposition of Earnings
      • Per Share Analysis
    • Lenders ‘Point of View
      • Liquidity
      • Financial Leverage
      • Debt Service
  • The Key Building Blocks of Valuation
    • Valuation Process
    • Different valuation methods
    • Evaluating a Company’s Strategic Position, Business Model and Competitive advantages
    • Identifying value drivers
  • Forecasting firm’s financial statements
    • Forecasting techniques 
    • Projected Financial Statements  
      • Balance Sheet
      • Income Statements
      • Cash Flow Statements
  • Financing Decisions
    • Short-Term Debt—Balancing Working Capital Needs 
    • Capital structure and cost of capital
    • Long-Term Debt
    • The overall weighted cost of capital “WACC”
    • Dividend Policy  
  • Valuation Fundamentals 
    • Valuation Process
    • Discounted Cash Flow Valuation Model
      • FCFF and FCFE
      • Forecasting Free Cash Flow
  • Dividend Discount Valuation Model 
  • Relative valuation
    • Price to Earnings
    • Price to Book Value
    • Price to Sales
    • Enterprise Value to EBITDA 
  • Weighted Value
Learning Objectives
Upon completion of this course, participants will be able to:
  • Use financial statement analysis as an integral part of the strategic analysis of firms,
  • Interpret financial statements, analyse cash flows, make judgments about earnings quality and uncover hidden assets and liabilities and
  • Apply financial statement analysis prospectively to forecast and value firms by applying modern accounting-based technologies.
Who Should Attend
  • Business Owners
  • Finance Analyst
  • Accountant
  • Finance Department Staff
Course Duration
  • Two days from 9:00AM to 4:00PM
Registration Deadline
  • One week before the course date
Course Fees
  • 3000 EGP (Registration is confirmed only upon payment)
  • Fees include materials and attendance certificate
  • Complimentary coffee breaks and light lunch
Course Venue
  • Top Business Training Center: 17, Abdel Wahab Selim Elbeshry St. Sheraton Heliopolis, Cairo, Egypt.
  • Payment should be made one week prior to course.
  • Payment by cheque in Top Business’s name or cash to our address.