The trainer has 15 years of experience in accounting and investment banking at leading firms and is an experienced financial trainer who has delivered courses for financial institutions in the City of London and around the world, in the areas of Corporate Finance, Equity Valuation (Industrials and Banks), Financial Modelling, M&A, LBO, Financial Accounting, Capital Markets, Bank Regulatory Capital, Financial Risks, both in English and French.
Case study I – Modelling of two-stage terminal value
Modelling of NOLs, flexible deal dates and mid-year discounting
Case study II – Analysing the stock options of Linkedin
Case study III – AB InBev and subsidiaries’ NCI
AB InBev and Grupo Modelo as associate
Case study IV – Computing Ryanair and Easyjet adjusted EV/EBIT
Case study V – Looking into the pension deficit of British Telecom
This training covers the more advanced areas of business valuation. Participants discuss complex issues such as a two-stage terminal value, valuation of net operating losses, WACC for private companies and issues in the reconciliation between enterprise and equity value (associates, non-controlling interests, operating leases, pension deficits). Finally, participants discuss the Economic Value Added (EVA) and the Cash Flow Return on Investment (CFROI) valuation methodologies.