Trading Comparables – Felix

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Trading Comparables

Understand how to value a company using comparable company multiples.

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29 Lessons (65m)

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Description & Objectives
1. Relative Valuation - Objective

02:13
2. EV and Equity Multiples Intro

03:28
3. EV and Equity Multiples Range of Multiples

02:18
4. Calculating Multiples - Steps

01:32
5. Value - Market Capitalization

02:02
6. Value - Market Capitalization Workout

02:22
7. Value - Diluted Number of Shares

01:15
8. Value - Dilution and Treasury Method

03:48
9. Value - Dilution Workout 1

03:23
10. Value - Dilution Workout 2

01:58
11. Value - Shares Outstanding Details

01:32
12. Value - Equity to Enterprise Value Bridge Detail

01:49
13. Value - Equity EV Bridge Workout 1

00:50
14. Value - Equity EV Bridge Workout 2

02:47
15. Value Driver - Cleaning EBIT EBITDA

03:57
16. Value Driver - Cleaning EBIT EBITDA Workout

01:38
17. Value Driver - Tax

01:58
18. Value Driver - Cleaning Net Income and ETR

04:05
19. Value Driver - Cleaning Net Income Workout

05:07
20. Value Driver - Pro Forma Adjustments

01:48
21. Value Driver - Last Twelve Months

01:50
22. Value Driver - Last Twelve Months Workout

01:29
23. Value Driver - Calendarization

00:52
24. Value Driver - Calendarization Workout

01:30
25. Building the Multiples Grid

01:42
26. Growth, Returns and Multiples

03:33
27. Checking the Output

01:22
28. Other Multiples

01:48
29. Trading Comparables Tryout

Prev: Equity to EV Bridge Next: Trading Comps Analysis

Description

Understand how to value a company using comparable company multiples.

Learning Objectives

Calculate implied share price.
Calculate EV / EBITDA multiple.
Calculate last twelve months EBIT.
Calculate fully diluted equity value.

© Financial Edge Training 2025

Topics

Introduction to Finance Accounting Financial Modeling Valuation M&A and Divestitures Private Equity

Venture Capital Project Finance Credit Analysis Transaction Banking Restructuring Capital Markets

Asset Management Risk Management Economics Data Science and System

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CPE stands for Continuing Professional Education, by completing learning activities you earn CPE credits to retain your professional credentials. CPE is required for Certified Public Accountants (CPAs). Financial Edge Training is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

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CPE exams do not count towards your FE certification. You do not need to complete the CPE exam if you are not collecting CPE credits, but you might find it useful for your own revision.

Further Help

Felix How to Guide walks you through the key functions and tools of the learning platform.
Playlists & Tryouts: Playlists are a collection of videos that teach you a specific skill and are tested with a tryout at the end. A tryout is a quiz that tests your knowledge and understanding of what you have just learned.
Exam: If you are collecting CPE points you must pass the relevant CPE exam within 1 year to receive credits.
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Questions: If you have questions about the course content, you will find a section called Ask a Question underneath each video where you can submit questions to our expert instructor team.