Investment and Portfolio Analysis

Corporate Valuation - Part 4 (2021)


This eCourse consists of two modules. Module 1 describes the basic mechanics of a merger analysis. It examines how analysts prepare the calculations to assess which deals are earnings per share (EPS) accretive and how the deal financing is determined. It also outlines the key steps involved in post-merger balance sheet and income statement consolidation, before concluding with a look at the output analysis that is prepared for the acquiring company in a merger transaction.

Module 2 describes the structure and key components of a simple merger analysis model. This model is not designed to be exhaustive and cover every eventuality or scenario, but it explains the key elements that an analyst tries to understand about a potential deal before commencing on a merger or acquisition assignment.


On completion of this course, you will be able to:
- Identify the purpose of an upfront analysis before building a merger model
- Recognise the different sources of financing for a merger
- Identify the steps involved in consolidating the balance sheet and income statement whenever one company acquires a controlling stake in another
- Recognise the key outputs of a merger model

Content Highlight

Module 1: Corporate Valuation - Merger Analysis
Topic 1: Overview of Merger Analysis
Topic 2: Upfront Analysis
Topic 3: Financing a Merger
Topic 4: Consolidation Accounting
Topic 5: Key Merger Model Outputs

Module 2: Merger Model Building- Excel Interactive

Administrative Details

Relevant Subject
Type 6 - Advising on corporate finance
SFC:1.50, PWMA:1.50
All Member: HKD460
Non-Member: HKD665
Staff of Corporate Member: HKD460