Description

This session covers the more advanced techniques used in relative and fundamental valuation. This includes the value driver for terminal value, discounting with a variable valuation date, the extended WACC formula, and sum of the parts valuation.

Learning Objectives

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1. How and why the value driver formula can be used to improve terminal value calculations.
2. Techniques for how to value companies midway through their financial year.
3. Apply techniques to deal with cash, preference shares and NCI in the WACC calculation.
4. Use sum-of-the-parts valuation effectively in different scenarios.
5. Evaluate the practical techniques used by analysts to ensure the best valuation possible.