Superior understanding of valuation allows you to maximise the potential of a company, increase portfolio returns, improve project selections and understand funding alternatives.
Real-life valuations are increasingly complex. Professor Christopher Hennessy explores how to value companies in a variety of contexts, undertaking valuation deconstructions and understanding all the inputs that are involved.
A thorough understanding of the subject enables you to drive investment decisions and lead the restructuring, M&A, and financing challenges and opportunities that your organisation faces. Increasingly, it is also a factor in marketing strategy and operations management.
On this programme you will develop the practical skills to understand and interpret complex valuations. Topics include:
- capital budgeting
- debt markets
- cost of capital
- cash-flow modelling
- terminal values and multiples analysis
- cross-border transactions
- optimal financing.
NB: The programme assumes knowledge of accounting and financial ratios gained through three years of professional experience or through completion of the Accounting and Financial Analysis programme.