BUSINESS VALUATION FOR TECHNOLOGY FIRMS
Format: Online Training Date: 03.04.2023
Duration: 3 hours # of Participants: 5people min.-20 people max.
Price*: 200€ per participant excluding tax and transfer commissions.
*10% Discount made for group registrations.
This course includes: Training notes, Case Study, Certificate of Completion,
For registration & details: Please contact mttrainingandconsultancy@yahoo.com
CONTENT
Basics
of Business Valuation
The
main uses of Business Valuation
The
main assumptions of Business Valuation
Real
life exmples about risks of misvaluation: Hewlett Packard, Time Warner,
Wirecard, Tweeter.
The
main stages of Business Valuation for start ups.
Determination
of the optimum Debt/Equity ratio.
The
alternatives of equity financing and the types of fund providers. Real life
examples from technology sector start-ups.
The
terms, Enterprise Value, Equity Value, Net Debt and their use in Business
Valuation
The
three main approaches in Business Valuation
1Cost
Approach
2.Multiplier
Approach
3.Income
Approach
Cost Approach
Examples
of Cost Approach and explanation of the uses of the terms Book Value, Salvage
Value, Net Asset Value
Multiplier Approach
The
mostly used indicators of Multiplier Approach
1.Price
Earnings Ratio
2.Price
Book Value Ratio
3.Price
to Sales Ratio
Income
Approach: Discounted Cash Flows Analysis
Time Value of Money and the term Cash Flow
Discounted
Cash Flows of Enterprises
Discount
Rate, Terminal Value, Growth Rate
Determination
of the term of Projection
Real-life
examples of Multiplier Approach from technology
sector
Analysis
of Business Valuation of Microsoft, Whatsapp, Chinese Telecommunication Sector examples
A
case study about the peer group and ratio analysis of the firm Doordash
Determination
of the peer group in technology sector
Determination
of the indicators used for the Business Valuation Analysis of the technology
firms
Real-life
examples of DCF Analysis from technology sector and their main uses
The
terms Free Cash Flow to Firm and Free Cash Flow to Equity
The
three main methods in determination of FCFF
1.Earnings
based DCF,
2.Net
Cash Flow based DCF
3.Economic
Value Aded
A
simulation model about effects of the Discount Rate, Growth Rate, Terminal
Value and the Projection Period on the Implied Enterprise Value
A
case study about the DCF Analysis of the firm Doordash
An
example of a Cash Flow Forecasting Model of a Saas firm.
The
main highlights of Cash Flow Forecasting in Technology Sector
Sector
secific interpretation and decision making in Business Valuation
Decision making with selected approaches
Determination
of the next steps.