Premium : Valuation Analysis Skills Bootcamp

Master how to create an Intrinsic Valuation Model for any listed company with a McKinsey Expert | Unlimited annual access to Live Practice Sessions + Recorded Course

Skills You Will Master:

  • Fundamental Valuation Techniques
  • Step by Step framework for Company Valuation
  • Evaluating Business Model of a Company
  • Analyzing Financial Statements & Ratios
  • Forecasting Future Financials of Company
  • Discounted Cash Flows (DCF) Valuation
  • Multiples Based Relative Valuation Technique
  • Buy vs Sell Investment Recommendation
  • Sensitivities in Valuation Analytics

Program Prerequisites

  • None. Everything is taught from scratch
  • Designed especially for busy professionals

The Best Way to Build Expertise is To Practice Regularly. We Help You Do That.

Your Expert : McKinsey | BlackRock | 10 years

Ashish Agarwal
Ashish Agarwal

Ashish is a Business and Finance Expert with around 10 years of experience in this domain. Previously, he has worked with BlackRock, the world’s largest asset management company, as a Vice President in the Financial Markets Advisory (FMA) team. Prior to that, he worked at McKinsey in the Strategy and Corporate Finance practice. He is also the founder of the website which creates online programs in Business, Finance and Data Analysis topics. At Skillfin Learning, we believe we can change the way we adults learn.

Ashish Kumar Agarwal

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What will you learn in this program?

  Quick Recap: What have we learn in this course so far?
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  Module 6B: Valuation technique application on a company
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"Thanks so much for your course. Your course are really helpful for me. The course contents are very clear and detailed so I could easily follow up. Every session has examples, exactly Walmart the company I am currently working for, so I could understand deeply the theories from reality."

- Nguyen Hoai, Quality Assurance professional

"As a beginner it enable me to understand well the reasons for many steps in valuation hence i was able to apply in the real engagement usefully. The instructor was demonstrating well, with the attachments that enabled me to go in hand with the illustrations, it was helpful. However in some parts the course was repetitive."

- Irene Morris, Finance student

"Very good course. Clear, concise explanations in the lecture videos...and a practical approach to addressing technical concepts."

- Pradeep Vasudevan, M&A professional

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Frequently Asked Questions

In this program, we ensure that you achieve the desired learning outcome you expect from the training . We have designed it in such a way as to provide you the effectiveness of a direct 1 on 1 coaching from an expert instructor along-with the convenience of online. The Assisted Learning approach ensures you complete the full training as per your customised learning plan tailored to fit your busy life. You have complete flexibility to choose when you would take the training at your own schedule.

We provide you access to both Recorded Videos as well as Live Interactive Sessions with the Instructor. We provide direct support to each of our students and also evaluate the assignments with individual feedback. We will also assign a Personal Mentor to you who will provide guidance, motivation and support to help you complete the training. As you take this program, you will notice we provide a very personalized learning experience to each individual participant. You can also discuss and collaborate with other participants directly through our discussion board in every lecture.

This is an Annual Subscription program where you have access to the Videos + Live Interactive Sessions for 1 year. On an average, most of our participants finish watching the videos and submit assignments in 6-8 weeks investing approximately 2-3 hours per week. Once you finish the program, we will provide you with a Certificate of Completion which you can showcase to your professional network through LinkedIn.

Though the course will not disappoint you but first 14 days will help you understand our assisted learning approach, course curriculum, and the instructor's expertise. If you are not satisfied with this online business valuation course, then contact our team within 14 days of admission. We will refund your money without any questions.

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Frequently Asked Questions on this Topic

What are the different methods of valuation?
To find the valuation of any company, there are primarily two different approaches that can be used. The first approach is called Absolute valuation approach in which we estimate the potential future cash flows of the company and discount it to arrive at the present value of the business. The second approach is called Relative valuation approach in which we ascertain the potential value of a company based on the trading multiples of comparable peers in the similar industry. While the cash flows based approach is the most scientific way to assess business valuation, many a times practitioners use the multiples approach as well as it provides a quick estimate of valuation.
What is the purpose of business valuation?
The main purpose of arriving at a business valuation is to facilitate an investment transaction. For example, if an investor is looking to buy the stock of a publicly traded company, we would need to calculate the fair valuation of the company to decide whether or not to make the investment decisions. Again, if an angel investor or a VC is looking to invest in a private start-up company, then also you would need to arrive at the business valuation to calculate how much stake to be given to the investors. In case of a merger and acquisition scenario, when one company buys another company, then we would need to do a business valuation of the target company to determine the price to be paid by the acquirer.
How do I calculate the value of my business?
Depending on the kind of business you may be in, you could adopt either a cash flows based approach to valuation or a multiples based approach as well. In the cash flows based approach, you will need to ascertain the future Free Cash Flows of the company and discount it to present value terms using a cost of capital. This approach is also called the Discounted Cash Flows approach to valuation. In this business valuation course, we teach you in depth how to calculate the valuation of a large publicly traded company using the DCF approach.
Why is discounted cash flow important?
Discounted Cash Flows (DCF) approach to valuation is the most scientific methodology to ascertain business value. This is because it is grounded in actual company performance as delivered in the for of cash flows in future and that is the main contributor to the real valuation of the company. Also once we estimate the future cash flows of the business, we need to convert it into present value terms which is the discounting part of the exercise. Again, discounting is a very scientific process of calculating the future value of money in present value terms. Overall, given that it is a very mathematical approach to valuation, it becomes a very important method to arrive at the same.
How do you calculate discounted cash flow?
To calculate discounted cash flows, we need to calculate two things - a) Free Cash Flows and b) Discount Rate. The Free Cash Flows to the company is simply the total operating cash profits of the company less any operating investments the company has to make. Operating cash profits is typically EBITDA less taxes. And Operating investments include any capital expenditure as well incremental working capital investment a company has to make. For the calculation of Discount Rate, we have to calculate Weighted Average Cost of Capital (WACC) which is minimum expected return from the capital providers in the business. Typically it includes an average of cost of debt and cost of equity. To do a step by step exercise on calculating the Discounted Cash Flows on a real company, we have made this online course to guide you on 1 on 1 coaching basis to help you achieve the same.
How do you do a discounted cash flow model?
To calculate a DCF based valuation of a company, we need to set it up on an Excel spreadsheet. We will need to capture the historical financials i.e Income Statement and Balance Sheet of the company, calculate historical ratios, extrapolate them for the future, ascertain forward looking financial statement projections of the company and then calculate the free cash flows of the company for at least the next 10 years. We will also need to calculate the company's weighted average cost of capital by ascertaining the cost of equity and cost of debt for the company. Again, we have shown a very detailed step wise illustration of a real company in this online course. You can adopt the same structure to value any real company using the discounted cash flows model.
What is equity valuation?
Equity Valuation is the process of calculating the value of equity of a company using the business valuation techniques. It typically ascertains the market value of the company's shareholders who have contributed to the equity capital of the company. Discounted cash flows approach is predominantly used to find equity valuation as well
How is equity value calculated?
Equity valuation can be calculated through both Discounted Cash Flows based approach as well as Mutliples based approach as was described earlier. While DCF approach is the fundamental method used to calculate equity valuation, you could also find some equity valuation multiples of comparable companies i.e. Enterprise Value/Sales multiple or Price/Book multiple of a close comparable company and ascribe the same to arrive at the equity value of our firm.