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Transaction Comparables Valuation


AMT Training

Summary

Price
£90 inc VAT
Or £30.00/mo. for 3 months...
Study method
Online, self-paced
Duration
3 hours
Access to content
1 year
Qualification
No formal qualification
Additional info
  • Certificate of completion available and is included in the price

Overview

In order to value a business that might be bought or sold, we learn how to look at historical acquisitions of similar businesses, to estimate a fair transaction or takeover value of a business. This session is complementary to Trading Comparables Valuation, but rather than listed peers, looks at recent historical deals where control was achieved by the buyer, to give a sense or fair value in a transaction context. This technique is used in M&A advisory and Private Equity to estimate the value of an entire business and the synergies that might be achieved by a buyer, rather than a small parcel of shares.

Course media

Description

Objectives

  • Identify and select comparables historical transactions
  • Accurately measure the historical recurring earnings of the companies acquired in these deals and compare this to the effective Enterprise Value paid by the acquirer for the entire business
  • Interpret the results and apply your analysis to the target business

Key Topics

Complete topics step by step or jump to any of the below at any time.

  • Selecting comparable transactions
  • Calculating the deal value
  • Calculating the LTM earnings of the acquired businesses
  • Interpreting the output

Requirements

This course is open to all. To maximize the benefit of this course we recommend an understanding of financial statements and Microsoft Excel.

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