Description

What makes a business valuable? Who determines value? What are the key factors that make businesses valuable? In this course, we explore the different ways to value a business. We will apply foundational valuation and corporate finance concepts to real world examples in an effort to see what makes up an investment's price.

Instructor: Dave Peters, CPA, CFP, CLU, CPCU, MST, MBA

Target Audience

Accounting and finance professionals who want to understand the concepts and theories behind business valuation techniques

Course Objectives

Describe the factors affecting the value of a business

Compare and contrast market value, investment value, bankruptcy value, and going concern value

List the key differences between technical and fundamental analysis

Calculate intrinsic value using discounted cash flow methods, such as the GGM and the H-Model

Calculate intrinsic value using free cash flow

Calculate the gains and losses to the buyer/seller in a merger/acquisition

List key discounts when valuing privately held companies

Subjects

What does value mean?

Technical vs. fundamental analysis

Intrinsic value

Other discounted cash flow models

Assumptions in the Gordon Growth Model

Valuations using free cash flows

Residual income model

Enterprise value

Value in mergers and acquisitions

Small business valuations and discounts

Advanced valuation models