Crunch The Numbers - Valuation

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A lightweight A5-sized book, describing essential valuation methods and processes from the ground up. This book has 84 pages. We do not charge tax on this product.

What does the book include?

Valuation

• Introduction
• The foundation
• Market value vs. accounting values
• Restating the balance sheet using market values

Basic Comparables

• Comparable valuation
• Which multiple?
• Equity multiples
• Enterprise value multiples
• Using multiples to value unquoted companies
• Annualization or calendarization

Advanced Comparable Valuation

• Different accounting policies
• Finance and operating leases
• Cats and dogs
• Transaction multiples

DCF Valuation

• Overview
• About free cash flows
• A detailed look at free cash flows
• Calculate terminal value
• The Value Driver method
• Discounting
• Calculating the share price
• Weighted average cost of capital
• Finding the cost of debt
• Finding the cost of equity

DCF Details

• The risk-free rate
• Estimating the equity risk
• Beta
• Return on invested capital (ROIC)

Leveraged Buyouts

• Background to an LBO and what companies make good LBO targets
• The operational forecast
• Establishing the debt capacity
• Initial deal structure
• Calculating returns to equity holders
• Sensitizing the structure

**Training The Street acquired AMT Training in 2021. We have merged AMT's products into one store, to increase our content offering. This is sold as an AMT Training product.**