Valuation

Develop a practical toolkit to value companies and capital projects, and make investment decisions.

PROGRAMME IMPACT

Learn why value is more than just a price

Do you really know a company's worth? The more quantitative the model, the better the valuation. Take your corporate finance knowledge and insight to the next level.

Benefits for you

• Equip yourself with rigorous valuation tools, and learn how to value real investment projects, stocks and bonds, and cross-border investments.
• Deepen your knowledge of assets and liabilities, make better financial decisions and discover how to value alternative assets.
• Benefit from hands-on technical know-how to calculate the cost of capital, value real assets and think about investment decisions.
• Develop an in-depth understanding of capital market behaviour, risk and net present value.
• Equip yourself with rigorous valuation tools and learn to make sound judgement calls about the value of your business.
• Develop the confidence to lead on restructuring, mergers and acquisitions, financing challenges and opportunities facing your organisation.

Benefits for your organisation

• Drive the right investment decisions. Gain an in-depth understanding of both your company and your numbers.
• Maximise your company’s potential, increasing portfolio returns, identifying the best projects and optimising funding choices.

What you learn

• Discover capital budgeting and appraisals, examine the workings of capital markets, and master the principles of capital structure.
• Explore a range of valuation tools and techniques, including how to apply cash flow analysis, cost of capital analysis, and risk analysis.
• Understand intricacies of illiquidity and optimal financing, including key issues like governance, cross-border transactions and leverage.
• Perform valuations on private companies like Google and Nike, using real-world cases. Learn how to put a value on any firm in a global context.

How you learn

• Work in a group to value a real life company, and embed your new technical skills by presenting your views on the investment decisions it should make.
• Use tutor support to dive deeper into theory and debate recent industry changes. Reflect on how to apply your learnings within your organisation.
• Discuss, debate and explore key business issues with a diverse group of peers.

Your learning experience

• Benefit from faculty expertise led by three-time-winner of the Brattle Prize for outstanding corporate finance research, Professor Christopher Hennessy.
• Experience both group work and individual study – take time to reflect on your own learning journey.