Business Valuation



Day 1:-

Introducing Valuation and Techniques

    Need for Valuation

    Difference between Price and Value

    Different terms of Value (Market Value vs. Intrinsic Value vs. Book Value)

    Concept of Equity Value Vs. Enterprise value (EV)

    Different Techniques of Valuation

Absolute Valuation (Income approach)

    Discounted Cash Flow Model (DCF)

    Dividend Discount Model (DDM)

    Free Cash Flow to Firm (FCFF) vs. Free Cash Flow to Equity (FCFE)

    Terminal Value Derivation

    Discount Rate (Cost of Debt, Cost of Equity & Cost of Capital: WACC)

Day 2:-

Relative Valuation (Market approach)

    Identifying Right Peers/Deals

    Multiples analysis – EV/Sales, EV/EBITDA, EV/EBIT, P/E, P/B, P/CF, P/S etc.

    Trading Multiples vs. Transaction Multiples

    Industry Specific Valuation Multiples

Finishing Touches to Valuation

    Valuation Football Field Analysis

    Sensitivity Analysis

    Sum of the Parts Valuation (SOTP)

    Grey Areas of Business Valuation

Training Methodology:


  Exercises and Analysis


• Highly interactive, with application of extensive excel based case studies and real life examples

• Emphasis on participants gaining practical and hands-on experience