- Business valuation - Share value - Mastering company valuation and earn-out methods M&A transaction pricing Principles of share valuation (dividends, PER, payout ratio) Mastering equity engineering
- Financial profitability (ROE) and leverage - ROE (return on equity) - Return on equity - DPS (dividend per share) - Payout ratio - TSR (total share return) - leverage - leverage effect Revenues (sales) - Sales recognition - Contract analysis - Performance obligation - Price allocation
- Financial risks: counterparty, liquidity, interest rate, foreign exchange, equity - Analysis, valuation, risk mapping and hedging strategy: - Counterparty risk: financial analysis and mastering rating practices (internal, external) - Liquidity risk: ALM and group cash flow forecasts - Interest-rate risk: TF and TV loans, bond issues - Foreign exchange risk: exports, imports, hedging - Equity risk: dividends, share acquisitions and disposals, dealing room) - Project & (dis)investment risk Master the identification and valuation of financial and non-financial risks
- Securities and financial markets - Notions of cost of money, liquidity, inflation, capitalization, discounting, interest calculations, actuarial calculations
- Mergers & Acquisitions Transaction - Master the implementation of acquisition/disposal processes (letter of intent, due diligence, acquisition and dataroom audits, binding offer, negotiation, closing) - Understand the transaction environment: negotiation, financial and regulatory environment
Acquire expertise and pass it on
Target audience
- Internal auditors
- Bankers / account managers
- Financial directors and controllers
- Chartered accountants, statutory auditors
- Members of M&A teams
- Finance, consolidation and accounting managers
- Treasurers
1 day
New training
Financial mathematics training
Prerequisites
This financial mathematics training course is designed for people with a good command of business valuation, for example having taken the "Business Valuation" course.
Corporate Assessment: Executive Level [A350]
Mastering a complex environment
Objectives
- Know how to perform the main financial calculations used in appraisal
- Taking risk and time into account
- Apply this knowledge to business valuation
- Specific cases of value-added
Contents
> Reminders: Simple and compound interest - Proportional and equivalent rates - IRR theory - Link between IRR and payback - Discounted payback - Excess return - Risk coefficient - Inflation - Option value
> Cost of equity, CAPM (Capital Asset Pricing Method) formula and beta theory
> Cost of debt, tax savings and interest-rate spread
> Weighted average cost of capital and leverage - calculation example - APV
> Acquisition process: before, during and after the deal - lifecycle valuation approaches - value of synergies
> Growth and reinvestment rates - terminal value and associated risks - case study in calculating intrinsic value - market value of debt
> Specific valuation methods: trademarks, patents, separate businesses, securities (mergers & acquisitions), start-up valuation, turnaround companies, net asset value, damage assessment (in litigation situations).
> Financial return variance and risk modeling, Monte Carlo approach
> Accept or reject a valuation - statistical tests - confidence interval and accepted error
Why choose this course?
The practice of financial analysis and business valuation requires an understanding of the mathematical foundations underpinning the calculations, particularly through the consideration of time and risk, and involves specificities linked to particular contexts. This lively, dynamic module, designed as a comic strip, covers all the concepts in a single day, as well as their concrete application in a spreadsheet environment. Follow the thread of our story as it guides you to the actuarial Grail!
Teaching and assessment methods
Avznt: self-assessment quiz
During the session: each point covered is accompanied by practical examples and real-life cases. Application cases (including Excel models), interactive quizzes and discussions during the session ensure that you acquire the knowledge you need.
After: The trainer is available to answer any questions relating to financial mathematics training.
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Price
1,240 EXCL. TAX
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Financial mathematics training
Financial mathematics training
Financial mathematics training
Jonathan C.
Company
Training