**概要**

This eCourse consists of two modules. Acquisition comparables analysis, or transaction comparables, is one of two methods that can be used to determine the relative value of a company (the other is trading comparables, which uses the position and performance of other companies to give an indication of the value of a target company). Module 1 describes how analysts decide on the precedent transactions to include in a transaction comps analysis, how they calculate the offer premium and deal price, and which metrics they analyze as part of the valuation.

Discounted cash flow (DCF) analysis is a valuation technique used by analysts to derive the intrinsic value of a company based on projected cash flows. Module 2 describes each of the key steps involved in a DCF analysis, demonstrating how analysts create a model that outputs an implied share price for a company by discounting its forecast future free cash flows.

**宗旨**

On completion of this course, you will be able to:

- Identify the key steps required when performing a transaction comparables analysis

- Recognize the key questions that analysts must answer when determining precedent transactions

- Calculate and analyze deal premiums

- Derive a valuation range

- Identify the steps involved in a DCF valuation, and the advantages and disadvantages of the approach

- Calculate a firm’s unlevered free cash flows

- Recognize the two methods used to calculate the terminal value of a company

- Calculate the weighted average capital of cost (WACC) used to present value free cash flows

- Calculate an implied share price for a company as part of a DCF valuation

**內容**

Module 1: Corporate Valuation - Transaction Comparables

Topic 1: Basics of Transaction Comparables

Topic 2: Determining a Deal List

Topic 3: Calculating & Analyzing Deal Premiums

Topic 4: Deriving a Valuation Range

Module 2: Corporate Valuation - DCF Analysis

Topic 1: Basics of DCF Valuation

Topic 2: Forecasting Unlevered Free Cash Flows

Topic 3: Calculating Terminal Value

Topic 4: Discounting the Cash Flows Using WACC

Topic 5: Calculating an Implied Share Price

**詳情**

**HKD580**

非會員:

**HKD820**

機構會員員工:

**HKD580**