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Calendar (Australia)

  • June 2014

    • Valuation Fundamentals and Trading Comparables

      Provider:

      AMT Training

      Start Date:

      Tuesday, 3 Jun 2014 9:00 AM5:00 PM

      Duration:

      1 day

      City:

      Hong Kong (Central)

      Price:

      595.00 USD

      Summary:

      Valuation Fundamentals
      The session lays the foundations to build a solid understanding of corporate valuation in the context of investment banking. The most common valuation methodologies are introduced, explaining the difference between a company's fundamental value, and how much an acquirer would pay for the business. The concepts of enterprise value and equity value are explained, using simple but rigorous exercises. Finally, the basics of multiple valuation and discounted cash flow valuation are introduced. Exercises are used throughout the session.

      Trading Comparables
      Participants are introduced to preparing multiples using real company data and a case study including a range of international companies. We focus on how to select comparables, where to find data in published financials and equity research reports, how to clean the raw data, and how to document and check the output. The most commonly used multiples are explained and complexities such as normalizing for non-recurring expenses / income are also covered. The session ends with practical exercises on the application of multiple analysis to value a company.
    • Discounted Cash Flow (DCF) Valuation

      Provider:

      AMT Training

      Start Date:

      Wednesday, 4 Jun 2014 9:00 AM5:00 PM

      Duration:

      1 day

      City:

      Hong Kong (Central)

      Price:

      595.00 USD

      Summary:

      Participants learn how to build a discounted cash flow valuation model. The session starts with an overview of the valuation methodology, and the steps required in setting up a valuation model. We then focus on the calculation of free cash flow. A detailed ratio analysis is used to establish the reasonableness of the forecasts and to identify when the target company reaches steady state. We analyze the weighted average cost of capital, calculate terminal values, using both the exit multiple method and the perpetuity growth method. We discount the free cash flows to arrive at enterprise values and calculate the implied share price. Once the valuation is complete participants perform several checks on the analysis using key ratios, and sensitivity and scenario analysis.
  • July 2014

    • Excel Workshop 1/2 day P.M.

      Start Date:

      Wednesday, 2 Jul 2014 2:00 PM6:00 PM

      Duration:

      1/2 day

      City:

      Hong Kong (Central)

      Price:

      395.00 USD

      Summary:

      Excel in Practice

      Participants begin with basic keyboard drills and shortcuts, and then rapidly progress to efficient formula construction. The course then proceeds to focus on some intermediate Excel features focusing on data manipulation and synthesis.