Name: Comparable Valuation Analysis
Rating: 4.85 (41 reviews)

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Overview

Comparable Valuation Analysis Course Overview

Understanding valuation is one of the most fundamental and crucial skills to master as a finance professional. This course focuses on comparable valuation analysis, one of the most widely used valuation techniques. During this course, we cover how to screen for publicly traded comparable companies and precedent transactions. We will also discuss different types of multiples and nuances when entering actual, real-world company data. After completing this course, you will understand how to value a company using multiples, and the advantages and disadvantages of comparable company analysis.

Comparable Valuation Analysis Learning Objectives

Upon completing this course, you will be able to:

Understand relative valuation versus other valuation methodologies.
Recognize the advantages and disadvantages of relative valuation.
Determine how to pick comparable companies and precedent transactions.
Match enterprise value and equity value with appropriate metrics.
Identify debt and debt equivalents as well as cash and other non-operating assets.
Find and enter the applicable data using real-world examples

Recommended Prep Courses

These preparatory courses are optional, but we recommend you complete the stated prep course(s) or possess the equivalent knowledge prior to enrolling in this course:

Who Should Take This Course?

This course is most suitable for anyone working in valuation, including investment banking, equity research, private equity, and corporate development.

Comparable Valuation Analysis

Led by Jeff Schmidt

Get Started

Level 5

Approx 4.5h to complete

100% online and self-paced

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What you'll learn

Lesson

Multimedia

Exams

Files

Introduction to Comparable Valuation Analysis

Course Introduction Free Preview

Downloadable Files

Valuation Overview Free Preview

Market Valuation and Relative Valuation Free Preview

Valuation Example - Putting it all Together Free Preview

Compact Model Overview Free Preview

Compact Trading Multiples Free Preview

Compact Trading Valuation Free Preview

Compact Transaction Valuation Free Preview

Football Field Chart Free Preview

Download Completed Compact Model

Screening for Comps

Screening for Trading Comps

Business and Finance Characteristics

Screening for Transaction Comps

Football Field Example

Interactive Exercises 1

Enterprise Value vs. Equity Value

What is Enterprise Value

Equity Value

Interactive Exercises 2

Enterprise Value: Debt and Debt Equivalents

Debt and Debt Equivalents

Leases and Preferred Stock

Noncontrolling Interest

Debt Nuances

Downloadable Full Model Files

Trading Comps Overview

Tesco Introduction

Market Cap

Borrowings

Interactive Exercises 3

Enterprise Value: Cash and Non-operating Assets

Cash and Non-Cash Operating Assets

Unconsolidated Affiliates

Cash and Cash Equivalents

Enterprise Value

Interactive Exercises 4

Midway Check-in

Income Statement and Last Twelve Months (LTM)

Income Statement

Last Twelve Months (LTM)

Tesco Income Statement Overview

Income Statement

Tesco LTM

Tesco EPS

Interactive Exercises 5

Normalization and Analyst Estimates

Normalization

Analyst Forward Estimates

Levered vs. Unlevered

Adjustments and Estimates

Tesco Adjusting Items

Normalization Adjustments

Interactive Exercises 6

Fully Diluted Shares Outstanding

Basic vs. Diluted Shares Outstanding

Stock Option Basics

Options and Warrants

Restricted Stock and Other

Tesco Stock Options

Entering Stock Options Data

Other Share Awards

Interactive Exercises 7

Trading Comps Summary

Final Steps and Comparable Company

Linking to the Summary Table

Calculating the Multiples

Completed Model Preview

Precedent Transaction Nuances

Downloadable Files

Additional Details Needed

Merger Consideration

Premiums Paid Analysis

Timing Considerations

Transaction Comps Model Intro

Transaction Info

Transaction Consideration

Premiums Paid Analysis

Morrison Balance Sheet

Equity Offer Value

Total Transaction Value

Transaction Summary

Course Summary

Course Outro

Download Completed Models

Qualified Assessment

This Course is Part of the Following Programs

Why stop here? Expand your skills and show your expertise with the professional certifications, specializations, and CPE credits you’re already on your way to earning.

Financial Modeling & Valuation Analyst (FMVA)® Certification

Comparable Valuation Analysis is part of the Financial Modeling & Valuation Analyst (FMVA)® certification, which includes 41 courses.

Skills Learned Financial modeling and valuation, sensitivity analysis, strategy
Career Prep Investment banking and equity research, FP&A, corporate development

Learn More

What our students say

What is so exciting about your courses is the level of detail that you give. Even a person without Finance background can grasp the concepts very well. Thanks so much. I am getting value for my money.

Gertrude Cherotich

Love the online-learning platform
The online-learning platform is very friendly to use. I love that the vdo can adjust the speed and have caption.

Porntip Hemakom

I think after passing the exam you need to give the solution of the wrong answers so the learner will able to understand where he was wrong

Shahbaz Nawaz

Informative
Covered both techniques in detail

Naman Bhatt

Effective course
Quite exhaustive and illustrated with case studies. I enjoyed and learned a lot.

Debasis Sengupta

HARD BUT POSSIBLE
This particular course seemed hard to me but I was able to go through with perseverance. You can do it too!

Benjamin Nathan Otchere

Be professionals 1
Read, listen and exercises make perfect!!! with a full Tolerance

Arefayne Wodajo

A great experience as always
One of the best certifications for finance

Varun Mirani

i love this
it was difficult for me at first but I was able to deal with it. bravo to me

Chigozie Muoneke

great overview of comp analysis
covers all the basics of comp valuation

Aaron Garrido

Good course
Reviewed statements from real companies during trading comps analysis

Michael Castelli

must have tool
very useful either for revision or for understanding

Samuel Polakovic

Already provided inputs. Thanks

Mr Sandeep

Pragmatic and Educational
The study material is very much geared toward practical experiences and how to address such a challenge.

Urich Vinck

Loved the exercises and found it very engaging.

Audrey Mashoko

Good course
Informative and well organized.

Ronen Wyrick

Nice to Learn
Very much resourceful course this was. Geart...

Md Abdus Samad

Super excited to complete
I am super excited to complete this course because it boosted my confidence in financial modeling.

Atinafu Asefa

Great learning experience
I definitely recommend this course.

Dennis Graham

Detail Explanation
Love this course, makes me really understand the comparable valuation

Arvin winatha

Very insightful
I found that after finishing this course, I was able to much better understand not only the steps, but also the fundamental logic behind comparative analysis. Thank you CFI for offering this course.

Luken Ko

Good Refresher
Gets you in the loop

Mugabi Christopher Duke

FMVA is thorough and super useful
...Especially the latest updates (2023) to templates, model approach/build, etc. are very well constructed and presented and lessons learned incredibly useful in providing financial analysis services!

Scott Weeks

Good
Very easy to understand

Hasan Rinaldi

Real examples
Course offers real examples that give you chance to apply what you learnt

Minja Matkovic

Crystal Clear
I did not really understand this topics during my college days But this course is simplifying everything, well structured, and help us fully understand the "why" and "how"

Mochamad Ali Ramdhani

A great course that taught me a lot, but also made me aware of the challenges of valuation.
I have just completed the course ‘Comparable Valuation Analysis’ and I am very happy with the result. I learned a lot from this course and I enjoyed the lectures, quizzes, and assignments. The course was challenging but rewarding, and it helped me improve my skills and knowledge in valuation. I would recommend this course to anyone who wants to learn more about how to compare and value different companies and industries. However, I also know that this course is not enough to make me an expert in valuation, and I still have a lot to learn and practice. I am aware of the limitations and uncertainties of valuation methods, and I do not want to overestimate my abilities or underestimate the difficulties. I am grateful for this opportunity, but I also remain humble and realistic about my future prospects.

Zafar Ahmed

wonderful
This is well articulated

Emmanuel Obeahon

It really prepares you!
Fantastic experience. It really prepares you and your knowledge will be noticed by your colleagues immediately.

Paulo Roberto Pavani Filho

is very hard topics
My advice to all university or professional bodies students and other professional consulting to take this course is very important in all business

Saifeldeen El Shaikh

It was an amazing experience.
This course is really good. It was an amazing experience.

Ali Murtaza

Great course
I highly recommend this course. very educative and practical.

Perry Chilobe

Excellent course and didactics
A must for every finance professional

André Meneguelli

Great Class
Course was great learned a lot of very useful information

Scott LaBrec

Added skills on Comparable advantage
Follow the templates closely and answer all interactive exercises

Numen Tum Mbami Narcisse

I learn new skills
Evaluation by Comps, Precedent transaction, and DCF more important I advise anybody to learn it

Hashem Nawash Harb Nasser

Comparable Valuation Analysis
An truly eye opener as it is so informative and industry specific with practical examples.

Tapiwa Mufunde

Comps analysis
the course is very solid but not deep enough

Jackie Yang

Amazing and comprehensive
I absolutely loved the entire course study of this model

Sakshi Juvekar

Amazing and comprehensive
I absolutely loved the entire course study of this model

Sakshi Juvekar

It was a good journey

Kassahun Kumalo

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Comparable Valuation Analysis

Comparable Valuation Analysis Course Overview

Comparable Valuation Analysis Learning Objectives

Who Should Take This Course?

Comparable Valuation Analysis

Get Recognized With CFI

What you'll learn

This Course is Part of the Following Programs

What our students say

Gertrude Cherotich

Porntip Hemakom

Shahbaz Nawaz

Naman Bhatt

Debasis Sengupta

Benjamin Nathan Otchere

Arefayne Wodajo

Varun Mirani

Chigozie Muoneke

Aaron Garrido

Michael Castelli

Samuel Polakovic

Mr Sandeep

Urich Vinck

Audrey Mashoko

Ronen Wyrick

Md Abdus Samad

Atinafu Asefa

Dennis Graham

Arvin winatha

Luken Ko

Mugabi Christopher Duke

Scott Weeks

Hasan Rinaldi

Minja Matkovic

Mochamad Ali Ramdhani

Zafar Ahmed

Emmanuel Obeahon

Paulo Roberto Pavani Filho

Saifeldeen El Shaikh

Ali Murtaza

Perry Chilobe

André Meneguelli

Scott LaBrec

Numen Tum Mbami Narcisse

Hashem Nawash Harb Nasser

Tapiwa Mufunde

Jackie Yang

Sakshi Juvekar

Sakshi Juvekar

Kassahun Kumalo

Frequently asked questions

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