TRAINING CORPORATE VALUATION TECHNIQUE
TRAINING CORPORATE VALUATION TECHNIQUE
TRAINING CORPORATE VALUATION TECHNIQUE
TRAINING CORPORATE VALUATION TECHNIQUE
Deskripsi
This course alleviates potential problems by going beyond the fundamentals of corporate valuation, while equipping you with the latest strategies to help you successfully tackle any valuation, however complex. Encompassing your existing skills, it will enhance and expand your knowledge, leaving you with the ability to value successfully and accurately an entity every time.
The valuation of companies is fundamental to the operation of the capital markets. It forms the basis of share trading and corporate finance activity, including capital raising, mergers, acquisitions, demergers and disposals. The ability of market participants to identify under or overvalued companies drives out-performance and the creation of shareholder value.
Objectives
If you are being increasingly faced with key valuation challenges such as:
· Making the decisions to divest, merge, demerge or acquire
· Assessing the merits of a value-based planning programme to increase shareholder value
· Successfully managing risk
· Fully understanding the critical importance of the different costs of capital
OUTLINE
1. Essential Elements in Valuation
· Price vs value
· Perspective of techniques
· Risk
· Company dynamics
· Return on capital vs cost of capital
2. Free Cash Flow – A Central Concept
· Importance of FCF
· Limitations of accounting-based data
· Components and detailed calculation exercise
3. Cost of Capital and DCF Valuation
· Cost calculations of the capital components
· Areas of controversial debate in deriving cost of capital
· Discounting exercise
· Investment horizon
· The continuing period
· Debrief of case
· Sensitising valuation analyses
· Decision-making using the product of valuation techniques and pricing techniques
· Application of DCF in valuation of acquisitions
· Problems with emerging markets – adaptations of approach
· Application to non-quoted businesses
4. Pricing Techniques
· Pricing techniques – comparatives
· Selecting comparatives
· Application to non-quoted businesses
· P/E ratios
– The calculation
– The essential adjustments
– The calculation
– The essential adjustments
· Cash multiples
· Total enterprise value
· Comparative ratios
· Modelling and sensitising the components
Case Study: Comparative pricing
- Debrief of case
5. Dividend Valuation Model
- Dividend growth approach
- Practical problems in its application
- When dividend valuation should be chosen in lieu of dcf valuation
- Comparison of results to dcf valuation exercise
6. Residual Valuation Matters
· The effect of leverage on risk and return
· Optimal capital structure
· Adjusted present value
· Project risk vs company risk
· Flow-to-equity alchemy
· Overview of project appraisal
7. Estimating Future Cashflows and Returns
· Limitations of predictive models
· The modelling of cost structures
· Sensitising the cashflow forecast
· Establishing a valuation range
8. Economic Value Added
· The range of performance evaluation techniques
· Detailed calculations
· Analysis of results of analysis
· Market value added (mva)
· Correlation of market price to eva performance
· Strategic interpretation of eva analysis
PARTICIPANTS
· Investment bankers
· Fund managers
· Equity analysts
· Equity traders
· Equity sales people
· Corporate Finance Lawyers
· Credit analysts
· Strategists
· Treasurers
· Compliance officers
INSTRUKTUR
Surono, ST, MT
Jadwal Pelatihan Jogja Media Training 2023 :
Batch 1 : 24 – 26 Januari 2023
Batch 2 : 20 – 23 Maret 2023
Batch 3 : 15 – 17 Mei 2023
Batch 4 : 17 – 19 Juli 2023
Batch 5 : 25 – 27 September 2023
Batch 6 : 7 – 9 November 2023
Jadwal Training Jogja Media
Catatan : Jadwal tersebut dapat disesuaikan dengan kebutuhan calon peserta
Lokasi Pelatihan :
- Yogyakarta, Hotel Dafam Malioboro
- Jakarta, Hotel Amaris Tendean
- Bandung, Hotel Golden Flower
- Bali, Hotel Ibis Kuta
- Online Daring, Zoom, Google Meet, Teamlink
Investasi Pelatihan Tahun 2023 – 2022 ini :
- Investasi pelatihan selama tiga hari tersebut menyesuaikan dengan jumlah peserta (on call). *Please feel free to contact us.
- Apabila perusahaan membutuhkan paket in house training, anggaran investasi pelatihan dapat menyesuaikan dengan anggaran perusahaan.
Fasilitas Training :
- FREE Airport pickup service (Gratis Antar jemput Hotel/Bandara/Stasiun/Terminal)
- Module / Handout
- FREE Flashdisk
- Sertifikat
- FREE Bag or bagpackers (Tas Training)
- Training Kit (Dokumentasi photo, Blocknote, ATK, etc)
- 2xCoffe Break & 1 Lunch, Dinner
- FREE Souvenir Exclusive
- Training room full AC and Multimedia
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