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Company Valuation

Free cash flow, forecasting, WACC, terminal value, mid-year discounting, the bridge from enterprise value to value per share, and relative valuation with multiples and trading comparables — each step built and checked in a live model.

15 lessons · 47 exercises · about 5 hours · 2 free lessons

You will be able to

  • Choose between intrinsic and relative valuation and explain enterprise vs equity value
  • Derive and forecast unlevered free cash flow from operating assumptions
  • Estimate a WACC with CAPM and market-value weights
  • Build a DCF with Gordon-growth or exit-multiple terminal values, mid-year discounting and a sensitivity table
  • Bridge enterprise value to equity value per share, item by item
  • Value a company with trading multiples and a comparables table

Designed for: Analysts, corporate finance and FP&A professionals, and candidates preparing for valuation interviews.

Valuation Fundamentals

Module 1 · Valuation foundations

  1. How companies are valuedIntrinsic vs relative valuation, enterprise value vs equity value, and when to use which.15 minFree
  2. From EBIT to unlevered free cash flowWhat cash a business really generates for all its investors — and how to calculate it.18 minFree
  3. Forecasting free cash flowDrive a three-year cash-flow forecast from a handful of linked assumptions.22 minMembers

Module 2 · Discounting and value

  1. Cost of capital: CAPM and WACCEstimate the discount rate that reflects the risk borne by all investors.20 minMembers
  2. Terminal valueCapture the value beyond the forecast period — usually most of a DCF.18 minMembers
  3. Exit-multiple terminal valueValue the terminal year with a market multiple and reconcile it with Gordon growth.18 minMembers
  4. Mid-year discountingDiscount cash flows from the middle of each year — and treat the terminal value consistently.18 minMembers
  5. The DCF: from enterprise value to value per shareAssemble the full valuation and bridge to what shareholders own.25 minMembers
  6. The equity bridgeWalk from enterprise value to equity value per share — every claim, with the right sign.20 minMembers
  7. Sensitivity analysisShow how value changes with WACC and growth — and master mixed references.18 minMembers

Module 3 · Relative valuation

  1. Valuation multiplesEV/EBITDA, EV/Sales and P/E — and why the numerator must match the denominator.18 minMembers
  2. Trading comparablesBuild a comps table for Rawdah's peers and turn it into a value-per-share range.25 minMembers
  3. Precedent transactionsValue a company from the prices paid for whole companies in past deals — and explain why they sit above trading multiples.22 minMembers
  4. Cross-checking a DCF with multiplesTurn a DCF's answer into the multiples it implies, and judge whether the market would recognise them.22 minMembers

Module 4 · Advanced valuation

  1. Dividend discount modelsValue a share as the present value of its dividends, with the Gordon growth and two-stage models.22 minMembers