Course Introduction

Welcome to “Corporate Valuation – Beginner to Pro in Microsoft Excel,” a comprehensive course designed to equip you with the skills and knowledge to master corporate valuation using Microsoft Excel. Whether you are a novice or an experienced professional, this course will take you from the basics of valuation models to advanced techniques, providing you with practical, real-world applications.

Section 1: Corporate Valuation Fundamentals

In this section, you’ll start with an overview of corporate valuations, understanding their significance and application. You’ll dive into the Dividend Discount Model (DDM), learning how to calculate intrinsic value, required rate of return, and compare intrinsic and market prices. This section also covers the intrinsic value of growth companies, present value concepts, and introduces the Discounted Cash Flow (DCF) model. You’ll forecast income statements and EBITDA, understand working capital, link free cash flow to the firm (FCFF), and discount explicit period cash flows. The section concludes with the calculation of terminal values, DCF valuation summary, sensitivity analysis, understanding capital structure, and various methods for calculating cost of debt and equity.

Section 2: Comprehensive Relative Valuation Training

This section delves into relative valuation techniques, starting with an introduction and the different types of relative valuation. You’ll explore earning and book multiples, EV ratios, PE ratios, and PBV ratios, including their advantages and disadvantages. The course will guide you through the process of finding comparable companies, conducting benchmarking analysis, and working on various financial statements. You’ll also learn about trading multiples, industry averages, and relative valuation sheets, providing a holistic understanding of how to perform comprehensive relative valuations.

Section 3: DCF – Discounted Cash Flow

In this section, you’ll focus on the Discounted Cash Flow (DCF) method, beginning with an introduction and course outline. You’ll explore various valuation methodologies, basic concepts of DCF, terminal value concepts, and the common traits of DCF values. The section covers important accounting equations, the advantages of DCF, steps involved in the DCF process, and predicting cash flows. You’ll work through a case study to predict terminal values, calculate cost of debt and equity, and understand beta. The section concludes with creating a sensitivity table, finalizing the case study, and preparing for common interview questions.

Conclusion

By the end of this course, you will have a deep understanding of corporate valuation techniques, including DDM, DCF, and relative valuation methods. You will be able to apply these concepts using Microsoft Excel to analyze and value companies effectively. Whether you aim to enhance your professional skills or advance your career, this course provides the essential tools and knowledge to achieve your goals.