Udemy The Art of Company Valuation - Complete course

Advanced Masterclass for Investors


What you'll learn

• Be able to determine the intrinsic / real value of a company using cash flow to the firm & equity methods
• Be able to apply the right valuation method depending if you are into startup investing, private equity or public equity investment universe
• Understand the main company valuation methods (asset based valuation methods, going concern valuation methods, relative valuation methods)
• Understand the difference between absolute & relative valuation methods
• Become fluent in executing a discounted cash flow / future earnings valuation
• Be able to adjust balance sheet items in order to modify the book value of a company

Requirements

• Have an average understanding of financial statements
• Be able to differentiate between balance sheet, income statement & cash flow statement
• Be able to understand how to calculate a net present value or discounted value
• Be able to read financial statements like 10Q & 10K reports

Description
Knowing what an asset is worth is a prerequisite for intelligent decision making. As an investor I always want to know what the intrinsic value is vs current share price or the price the seller is offering (if private equity) and if I have a safety margin on the price.
After this course you will be autonomous in evaluating companies. You will be equipped with a set of methods and knowing how to apply those methods in the public equity, private equity or venture capital universe :

• asset-based valuation (cash to market cap, book value, modified book value, liquidation value)
• going concern valuation (multiple revenue/earnings method, Free Cash Flow to Firm including DCF & DFE, Free Cash Flow to Equity including DDM, Gordon & Total shareholder yield)
• relative valuation to understand the financial strength of a company (P/B, P/CF, P/S, P/E, PEG, EV)

Investing requires practice. In this training we will practice all absolute & relative valuation methods with 4 companies being 2 luxury companies (Richemont & Kering) & 2 tech companies (Apple & Microsoft). We will apply all our learnings each time for those 4 companies instead of using dummy companies that do not exist. The course will also cover special valuation situations like VC investments, IPOs/DPOs and banks. In those special valuation situations, we will be practicing on companies like Fitbit, GoPro, Etsy for the IPO/DPO part and Bank of America & Wells Fargo for bank valuation part.
After this course you will be able to determine the real value of a company vs the current share price. If you want to become a fully independent investor with deep valuation methods, this course is for you. BE AWARE this course is an ADVANCED LEVEL course.
Investing in stocks and acting as a business-owner can be a life-changing experience. Learn from my 20 years experience as an investor running my own investment fund and rapidly move ahead faster with the knowledge I will share with you.
Starting JANUARY 2021, you will be entitled to join a monthly Live Webinar where we exchange and discuss with other students value investing related topics.
Many thanks and I appreciate your interest in my course!
- Candi Carrera

RELEASE NOTES :

• January 2021 : monthly live Webinar

Who this course is for:

• Investors wanting to develop in-depth knowledge on company valuation and applying those methods to VC, PE and public equity companies
• Investors wanting to learn how to calculate cost of capital and cost of equity
• Junior company appraisers