CPD – Business Valuation Workshop

The  Business Valuation workshop is ideal for those who wish to have a role which focuses on the financial health of companies. The business valuation consultant helps clients with a formal valuation for compliance and/or regulatory purposes and has significant project management abilities. Business valuation professionals assist individuals and corporations with calculating the net worth of their businesses and supplying clients with financial data that helps them make well-informed business decisions. In addition to possessing excellent analytical, communication and decision-making skills, business valuation professionals must be able to clearly interpret complex financial statements and figures.

The course also counts as 8 CPD hours for CMAs.  

Program Schedule:

8.30 am – 10.15 am -  Topic 1:  The Impact of Financial Structure on Valuation

This topic introduces Business Performance Measures and provides a link as to how these measures are interrelated with the capital structure and valuation of the firm.  The impact of financial structure on planning performance evaluation is considered, specifically the relative measures (ratios) used in financial statement analysis. Investment and Financing issues are separated, and capital structure and its role in obtaining an appropriate discount rate for capital projects are particularly considered.

• Re-engineering Financial Statements
• A Detailed Look at Measures of Performance
• Performance Measures and Value
• Using Du Pont Ratios for Shareholder Value Creation
• The Links between Shareholder Value and Process Measures
• Cost of Capital and Performance-Based Valuation: An Overview
• Strategic Financial Structures
• Cost of Debt Capital
• Cost of Equity Capital
• The Impact of the Weighted Average Cost of Capital (WACC) on Valuation
• The Impact of Risk on Cost of Capital and Performance
• The Link Between Cost of Capital and Value
• Economic Value Added (EVA) and Market Value Added (MVA)

10.15 am - 10.30 am - Tea/Coffee Break

10.30 am - 11.15 am - Comprehensive Case Study: Rothmans Publishing Ltd.

11.15 am – 1:00 pm - Topic 2:  Strategic Value Analysis

This topic introduces the concepts of valuation of an entity based on its strategies. The Strategic Value Analysis (SVA) approach is compared to the more traditional concepts in financial management, especially capital budgeting and net present value. It is demonstrated that the concepts of ‘value’ and ‘strategic value’ can be quantified for planning and valuation purposes.

• The Measurement and Management of Business Value
• Constructing a DCF Valuation Model on Excel
• Return: Profit vs. Cash Flow vs. Free-Cash Flow
• Constructing a SVA Valuation Model on Excel
• Financial Performance and Operating Value
• Strategic Value Analysis
• Measuring the Strategic Value of a Business

1.00 pm – 2.00 pm -  Lunch

2.00 pm -3.15 pm -  Topic 3:  Risk Management and Valuation

Here the approaches to risk management and valuation using financial statements are considered. Corporate valuation is determined by the health of a business organisation. Bankruptcy prediction models (such as Z-scores) are specifically considered.

• Predictors of Corporate Failure
• Type 1 and Type 2 Errors
• Moving from Analysis to Action in Improving Value
• The Success of Failure Predictors

3.15 pm – 3.30 pm -  Tea/Coffee Break

3.30 pm - 5.00 pm -  Comprehensive Case Study: Portabuild Group

5.00 pm -  End of Symposium