Why take this course
  • If you are about to start a finance / banking internship or full time position, we strongly suggest you get a head start on training because relative valuation is typically covered at the onset. The materials covered in this Course Pack are a distillation from our live in-class training that we offer at our clients
  • If you are already a working professional then the content is directly usable in real world situations. We break down in a practical manner how to properly obtain financial information and perform relative valuation

RELATIVE VALUATION

RELATIVE VALUATION
DESCRIPTION

Relative valuation is an essential valuation methodology and this course takes a deep dive into the detailed intricacies of spreading comps, interpreting and analyzing the multiples, and all the common complexities a practitioner might encounter. This course is the self-study version of one of our most popular live training programs at the top investment banks, consulting firms, and other Fortune 500 companies, as well as the top MBA programs.

KEY FEATURES

  • Excel models (template + solutions)
  • 360 pages of a step-by-step guide with our professional insight
  • Suggested time to completion: 15-20 hours
  • 6 months free access to Online Companion
  • Compatible with all versions of Excel

TOPICS COVERED

  • Foundations of public comparables
  • Foundations of acquisition comparables
  • Normalizing and adjusting the income statement
  • Adjusting for restricted stock and restricted stock units
  • Complications such as dual share structures and foreign listed shares
  • How preferred stock, equity in affiliates, noncontrolling interest, and pensions affect valuation
  • Summarizing valuation through a Football Field or floating bar chart

PREREQUISITES

  • Excel efficiency will make you a much more effective, so taking Excel Best Practices before hand is highly recommended but not required
  • This course assumes accounting knowledge. The Fundamentals of Financial Accounting & Analysis book will give you a good foundation if you don’t have any accounting knowledge
  • Corporate finance knowledge is helpful. If you want a primer on how companies are valued and to understand how relative valuation fits in the framework of other methodologies, the Fundamentals of Corporate Valuation book is perfect

TESTIMONIALS

  • “TTS is the best on the Street. I've had training with them through a bulge bracket investment bank for summer internship and through business school classes. Their courses deliver a simple to follow natural progression. It’s all based on real world application and not just theoretical.”
  • “My first year of B School included a two day workshop where TTS came to campus and worked us through this entire course in person. The conceptual and technical information within this coursepack is great. I actually used them my first week of my MBA internship when valuing an acquisition target and presenting my valuation, along with a comps analysis, to senior management.”
  • “As someone who has passed all three CFA exams and worked in private equity, this course is a great tool in applying acquired knowledge.”
  • “Better than my MBA!”