Explore

Advanced Valuation and Strategy - M&A, Private Equity, and Venture Capital

Approx. 16 hours to complete

Save Course

Go to Course

Course Summary

This course on Advanced Valuation and Strategy covers the key concepts of valuation and strategy, including analyzing financial statements, forecasting financials, and conducting valuations. It also delves into topics like capital structure, mergers and acquisitions, and corporate strategy.

Key Learning Points

Learn how to analyze financial statements and forecast financials
Understand the key concepts of valuation and capital structure
Explore topics like mergers and acquisitions and corporate strategy

Job Positions & Salaries of people who have taken this course might have

Financial Analyst
- USA: $65,000 - $100,000
- India: INR 6,00,000 - INR 12,00,000
- Spain: €30,000 - €60,000
Mergers and Acquisitions Analyst
- USA: $75,000 - $120,000
- India: INR 8,00,000 - INR 15,00,000
- Spain: €35,000 - €70,000
Corporate Strategy Manager
- USA: $100,000 - $150,000
- India: INR 12,00,000 - INR 20,00,000
- Spain: €50,000 - €90,000

Learning Outcomes

Develop advanced skills in financial analysis and valuation
Gain a deep understanding of capital structure and its impact on valuation
Learn how to analyze and execute mergers and acquisitions

Prerequisites or good to have knowledge before taking this course

Basic knowledge of accounting and finance
Familiarity with financial statements and ratios

Course Difficulty Level

Advanced

Course Format

Online Self-Paced
Video Lectures
Assignments and Quizzes

Similar Courses

Corporate Finance Essentials
Investment and Portfolio Management
Financial Markets

Related Education Paths

Notable People in This Field

CEO of Berkshire Hathaway
Professor at Harvard Business School

Related Books

Description

Hi and welcome to this course!

Would you like to learn about the latest valuation methods that may help you to make better business decisions? Then 'Advanced Valuation and Strategy – M&A, Private Equity, and Venture Capital' by Erasmus University Rotterdam is the right course for you! This course is helpful for executives that need to value complete strategies and for all students interested in corporate finance and strategy. We present the latest tools and show you how to apply them! We will revolutionize your way of decision making, by extending static techniques from corporate finance with dynamic methods to quantify strategic thinking. Traditionally, we assess the attractiveness of an investment as a mature business, where future cash flows mainly result from past decisions. But, in an ever-changing world, strategic decisions determine the firm’s long-term success and market value. Yet managers often have to consider these long-term implications using intuition and experience alone, with little guidance from structured, quantitative analysis. Our treatment goes far beyond the use of standard valuation analysis. We introduce the expanded NPV, which brings together DCF, real options, and game theory. Thinking in terms of options, games, and adaptive strategies may help managers address strategic questions such as: How do you value a leveraged buyout? How can you value a high-tech venture with negative cash flows? When should you invest in new ventures in stages? How can you incorporate rival bidders in the analysis? The tools we provide can improve your decisions in business and in daily life. * Who is this class for? We hope that our course appeals to (graduate) students in finance, economics, and business, as well as to high-ranking professionals and a general audience. This course is particularly interesting for venture capitalists, private equity investors, investment bankers, CEOs, CFOs, and those who aspire these affiliations. We offer this MOOC at 3 levels: 1.Executive Summary: This 1-week module provides critical insights into the principles of corporate valuation and strategy. This is accessible for time-constrained executives and the general audience without any prior knowledge. 2. Student Level: This level involves an understanding of the technical details. This level requires basic knowledge of concepts in corporate finance, e.g., the time value of money, financial statement analysis, capital structure, and the relation between risk and returns. Learners of this level can skip week 1. 3. Honors Level (honors certificate): This level is challenging, engaging, and compelling to an intellectually rigorous student.

Outline

Executive Summary
Animation - Improving your decision making
Animation - Where value comes from
Animation - The value of flexibility
Animation - Real options are everywhere!
Animation - The value of strategic commitment
Animation - Option Games: Integrating flexibility and strategic commitment
Outline
Understanding expanded net present value

Discounted Cash Flow Analysis
Animation - Introduction to corporate valuation
When to use DCF approaches
Forecasting free cash flows based on historical performance
Calculating free cash flows
Calculating the terminal value
Answer to practice quiz 'WACC method'
Using multiples valuation
Key value driver derivation (optional)
Answer to practice quiz 'APV Method'
IRR: Internal Rate of Return
Types of multiples
Checklist
The case of RJR Nabisco
WACC Method
APV Method
Test for certificate

Corporate Strategy
Animation - Introduction to corporate strategy
How to estimate growth option value
Strategic paradigms and growth option value
Linking valuation to strategy
Economic value added (EVA)
Checklist
Corporate strategy
Test for certificate

Corporate Real Options
Animation - Introduction to real option theory
Animation - Real options are everywhere!
Timing option
Risk neutral valuation
Valuing an R&D project
Option to expand or contract
Answer to practice quiz 'Option to invest'
Answer to practice quiz 'Option to expand or contract'
Answer to practice quiz 'Option to abandon'
Option replication and risk neutral valuation
Multi-period, continuous, and compound models
Checklist
Option to invest
Option to expand or contract
Option to abandon
Test for certificate

Option Games
Animation - Introduction to game theory
Animation - Introduction to option games
How to solve any game
How to solve a simultaneous game
Answer to practice quiz 'Simultaneous game'
Answer to practice quiz 'Sequential game'
Answer to 'Game with asymmetric information'
How to solve an option game
Checklist
Goodbye message
Simultaneous game
Sequential game
Game with asymmetric information
Test for certificate

Summary of User Reviews

This advanced valuation and strategy course has received positive reviews from users. Many users have appreciated the practical approach of the course, which focuses on real-life case studies.

Key Aspect Users Liked About This Course

The practical approach of the course focusing on real-life case studies.

Pros from User Reviews

Well-structured course with clear explanations.
The course provides valuable insights on valuation and strategy.
The instructors are knowledgeable and responsive to the queries of the students.
The course offers a good mix of theoretical and practical knowledge.
The course is suitable for professionals with varying levels of experience.

Cons from User Reviews

Some users have found the course to be too advanced for beginners.
The course may require a significant time commitment.
Some users have reported technical issues with the platform.
The course does not offer a certificate of completion for free.
The course may not be suitable for those who are looking for a quick overview of valuation and strategy.

Recommended for you

Business Fundamentals: Business Strategy 2 Business Plan

Business Fundamentals of Business Strategy, combining MBA level Business plan writing for CEOs and Entrepreneurs   Everything you need is here teaching you Business Plan writing with our detailed template....

Save Course

Investment Banking and Finance: Private Equity Finance

Investment Banking and Finance: Private Equity Finance Masterclass: Fundraising, Valuation, PE Deals from Entry to Exit This content is exclusive to Udemy and UFB....

Save Course

Equity Research & Financial Modeling

Financial Modeling - Financial Analysis, Business Forecasting & Projections, Corporate Valuations, Modeling Dashboards use FVSKILLUP2 •Financial Modeling requires expertise in Accounting, Economics, Sector Knowledge,   Analytics, Excel, Business Strategy...

Save Course