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Masterclass

Business Valuation Masterclass

At Prague Finance Institute we present unique opportunity for aspiring investment analysts and corporate finance professionals to expand their conventional finance education with best practices of business valuation. This masterclass will be taught in English by experienced professionals, based on a case of real company.

13 lectures

Max. 25 participants

22/09/2022 - 15/12/2022

Lectures start at 19:00 (every Thursday)

Price from 6 900 CZK

Certificate of completion

The autumn Business Valuation Masterclass is already fully enrolled.

If you are interested in taking the Business Valuation Masterclass in the spring term of 2023, please contact us at info@praguefi.com.

Thank you very much for your interest, which is greatly appreciated.

Sincerely,
Prague Finance Institute

Who You Are
    • University student or young professional
    • You have basic understanding of corporate finance, accounting and microeconomics (not required)
    • You are eager to put in an effort and commit to a 13 weeks educational adventure
    • Open to meet talented peers and inspiring lecturers

What You Get
    • 13 weekly lectures followed by networking sessions in the heart of Prague (CERGE-EI, The Schebek Palace, Politických vězňů 7, 110 00 Praha 1)
    • Course covering all aspects of business valuation and investment decision making in a class of only 25 selected students
    • A certificate of completion (requirements: 10/13 attendance, team presentation of case study results)

What It Takes
    • Fill in the registration form and send us your CV
    • Standard course fee is 14 900 CZK, reduced course fee for students under 26 is 6 900 CZK. Course fee will be used to cover organizational costs, educational materials and refreshments
    • The fee is payable once you are approved as a participant

Syllabus

  • 22/09/2022 – Course kick-off & Networking Evening
  • 26/09/2022 – Fundamentals of Financial Statements Analysis & Capital Allocation
  • 06/10/2022 – Forecasting Financial Statements (Business Plan Fundamentals)
  • 13/10/2022 – Introduction to Valuation & Intrinsic Value Foundations
  • 20/10/2022 – Risk Free Rate, The Equity Risk Premium and Betas
  • 27/10/2022 – Estimating Value Drivers
  • 03/11/2022 – Terminal Value
  • 10/11/2022 – Relative Valuation, Ratios and Multiples
  • 16/11/2022 – Private Company Valuation
  • 24/11/2022 – Valuation & Analysis of Bonds
  • 01/12/2022 – Asset Based Valuation
  • 08/12/2022 – Leveraged Buy Out Model
  • 15/12/2022 – Masterclass Closure & Closing Event
Masterclass Main Partner

We would like to inform you that there are only 2 places remaining.

In order to speed up the acceptance of your application, we therefore ask you to send us your CV as soon as you submit your application.

Thank You,
Prague Finance Institute

  • Overview of consolidated financial statements and their major items
  • Overview of financial statement analysis and major financial ratios
  • Capital allocation decisions

  • Discounted cash flow model (DCF) basic principles
  • Basics/Overview of relative valuation and price multiples

  • Relative risk measures
  • Costs of debt & capital (cost of equity, WACC)

  • Revenues, EBITDA margin & EBITDA
  • Tax rate and taxes
  • Investments into NWC, CAPEX
  • Estimating cash flows
  • Estimating growth

  • Loose ends in valuation
  • Value enhancement (sensitivity analysis)

  • PE ratio
  • Other earnings multiples
  • Book value multiples
  • Revenue multiples

  • Czech environment challenges & specifics
  • IFRS vs CAS

  • Financing options
  • Fundamentals of credit analysis

  • Real estate
  • Final homework summary and tips

  • Role of debt in investment decisions
  • Estimation of IRR and other pay-back parameters

  • How to estimate company’s future potential under high uncertainty

  • More information to be announced

  • Presentations
  • Feedback
  • Certificates
  • NETWORKING night