How would you value a company like Google?
“Price is what you pay. Value is what you get,” said Warren Buffett. Yet our valuation bias too often leads to the wrong conclusions – and the wrong price.
Are you tasked with making investment decisions, leading on M&A or uncovering financing challenges and opportunities? You may work in finance, strategy or with an executive board, but do you really know a company’s worth?
How you benefit
Our Valuation programme, led by three-time-winner of the Brattle Prize for outstanding corporate finance research Professor Christopher Hennessy, is grounded in the philosophy that the more quantitative the model, the better the valuation. On the programme:
Explore how to make capital project appraisal decisions and valuation
Examine the workings and efficiency of capital markets
Master the principles of capital structure
Perform valuations of private companies using real-world cases
Learn how to put a value on any firm in a global context.
Valuation is the second programme in our Corporate Finance portfolio. Base your future decisions on the knowledge of debt markets, cost of capital, cash flow modelling, illiquidity, governance, cross-border transactions, optimal financing, terminal values and multiples analysis.
On this programme you will develop the practical skills to understand and interpret complex valuations. View the full programme timetable here. Topics include:
- capital budgeting
- debt markets
- cost of capital
- cash-flow modelling
- terminal values and multiples analysis
- cross-border transactions
- optimal financing.
This 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.