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Valuation Modeling Course

Valuation Modeling Course

Valuation Modeling Course

Valuation Modeling Course

22 Modules

198 Lessons

12 Hours

19 Quizzes

In this course, you will take the Nike case study and jump into valuation modeling. Methodologies will include trading comparables, precedent transactions and the sum of the parts. With over 80+ lessons and 8+ hours of video content and 3 quizzes, you’ll learn exactly how to spread comps so that you can run your own valuation models

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Module 1: Introduction

1.1 - WSO Academy: Land Your High-Finance Role

3m 28s
1.2 - About Your Instructors

2m 4s
1.3 - Valuation Course Objectives

3m 13s
1.4 - What You Will Learn From the Course (I-II)

3m 25s
1.5 - What You Will Learn From the Course (II-II)

3m 2s
1.6 - Additional Resources

2m 23s

Module 2: Valuation - The Big Picture

2.1 - Valuation Roadmap

3m 53s
2.2 - Conceptual Framework for Company Value

3m 34s
2.3 - Intrinsic vs. Relative Valuation

6m 39s
2.4 - Simple Example of Valuation Thought Process

3m 45s
2.5 - Valuation Methodologies Across Use Cases

4m 43s
2.6 - Introduction to Equity Value

2m 45s
2.7 - Example - Simple Equity Value Calculation

2m 35s
2.8 - Introduction to Enterprise Value

1m 58s
2.9 - Example - Moving from Equity Value to Enterprise Value

2m 25s
2.10 - Nike's Balance Sheet Implications on Enterprise Value

2m 25s
2.11 - Example - Nike's Market-Implied Enterprise Value

3m 12s
2.12 - Revisiting the Home Purchase Example

2m 22s
2.13 - Module Summary, Reflections, and Calculations

3m 37s
2.14 - Module 2 Quiz

Module 3: Enterprise Value & Equity Value Practice

3.1 - Module Overview

2m 24s
3.2 - Example 1 - What Affects Enterprise Value

2m 58s
3.3 - Example 2 - What Affects Enterprise Value

2m 8s
3.4 - Enterprise Value's Relationship with Capital Structure

2m 12s
3.5 - Enterprise Value and Equity Value Practice Examples (I-II)

2m 41s
3.6 - Enterprise Value and Equity Value Practice Examples (II-II)

2m 33s
3.7 - Other Activities Impacting Enterprise Value

2m 59s
3.8 - Intro to Enterprise and Equity Value Multiples

4m 34s
3.9 - Common Metrics that Pair with Enterprise and Equity Value

3m 51s
3.10 - Module Summary, Reflections, and Calculations

3m 19s
3.11 - Module 3: Quiz

Module 4: Trading Comps Introduction

4.1 - Module Overview

1m 10s
4.2 - Introduction to Trading Comps

4m 18s
4.3 - P&L Terminology Used in Valuation

7m 28s
4.4 - How They are Reflected in Valuation

3m 20s
4.5 - Review - Metrics that Pair with Enterprise and Equity Value

2m 29s
4.6 - Commonly Used Enterprise Value Multiples

3m 8s
4.7 - Considerations of Enterprise Value Multiples

4m 17s
4.8 - Commonly Used Equity Value Multiples

4m 12s
4.9 - Considerations of Equity Value Multiples

3m 47s
4.10 - Example 1 - Calculating Enterprise Value Multiples

5m 6s
4.11 - Example 2 - Calculating Enterprise Value Multiples

7m 25s
4.12 - Example 3 - Calculating Valuation Multiples for Lululemon

5m 57s
4.13 - Example 3 - Lululemon Valuation Multiples Solution

2m 54s
4.14 - Example 4 - Valuation Multiples for Nike

2m 2s
4.15 - Example 4 - Nike Valuation Multiples Solution

6m 21s
4.16 - Illustrative Trading Comps Analysis Output

5m 17s
4.17 - Sample Trading Comps Analysis Output

2m 11s
4.18 - Analyst FAQs

7m 24s
4.19 - Sector-Specific Enterprise Value Multiples

7m 16s
4.20 - Module Summary, Reflections, and Calculations

4m 58s
4.21 - Module 4 Quiz

Module 5: Trading Comps Set-Up

5.1 - Module Overview

6m 49s
5.2 - Selecting a Universe of Comparable Peer Companies

4m 42s
5.3 - Additional Resources for Identifying Comparable Peers

2m 49s
5.4 - Snapshot from Nike 2019 10-K Competition Disclosure

2m 35s
5.5 - Locating Relevant Financial Information for the Comp Set

5m 22s
5.6 - Introduction to Preparing LTM Financial Metrics

6m
5.7 - Additional Trading Comps Considerations - Calendarization

1m 46s
5.8 - Calendarization Details

3m 34s
5.9 - Additional Trading Comps Considerations - Fully Diluted Shares

2m 15s
5.10 - Additional Detail - Fully Diluted Shares Outstanding

3m 48s
5.11 - Basic FDSO Exercise

3m 55s
5.12 - Calculating the Dilutive Impact from Options and Warrants

3m 44s
5.13 - Example 1 - Dilutive Impact from Options and Warrants

2m 59s
5.14 - Dilutive Impact from Converts and Other Securities

2m 57s
5.15 - Examples - Dilutive Impact from Converts and Other Securities

2m 56s
5.16 - Dilutive Impact from Converts and Other Securities

4m 12s
5.17 - Example 4 - Dilutive Impact - Convertible Preferred Stock

5m 43s
5.18 - Impacts from Restricted Stock and Other Dilutive Securities

4m 17s
5.19 - Additional Trading Comps Analysis Considerations

2m 26s
5.20 - Example 1 - Adjusting for Non-Recurring Items

3m 29s
5.21 - Introduction to Trading Comps Excel Template

5m 47s
5.22 - Module Summary and Reflections

2m 56s
5.23 - Module 5 Quiz

Module 6: Spreading Nike

6.1 - Module Overview

2m 15s
6.2 - General Information

6m 58s
6.3 - FDSO

5m 25s
6.4 - Selected Balance Sheet Data

9m 32s
6.5 - Reported Income Statement

8m 8s
6.6 - Selected Cash Flow Statement

4m 22s
6.7 - Non-GAAP Adjustments

6m 10s
6.8 - Projected Financials

4m 35s
6.9 - Interpreting Results

5m 23s
6.10 - Nike Summary and Reflections

1m 34s
6.11 - Module 6 Quiz

Module 7: Spreading Adidas

7.1 - Module Overview

2m 38s
7.2 - General Information

3m 55s
7.3 - FDSO

3m 15s
7.4 - Selected Balance Sheet Data

8m 42s
7.5 - Reported Income Statement

8m 35s
7.6 - Selected Cash Flow Statement

7m
7.7 - Non-GAAP Adjustments

10m 27s
7.8 - Projected Financials

3m
7.9 - Interpreting Results

3m 19s
7.10 - Adidas Summary and Reflections

2m 25s
7.11 - Module 7 Quiz

Module 8: Spreading Lululemon

8.1 - Module Overview

2m 21s
8.2 - General Information

3m 4s
8.3 - FDSO

2m 55s
8.4 - Selected Balance Sheet Data

4m 41s
8.5 - Reported Income Statement

4m 17s
8.6 - Selected Cash Flow Statement

3m 11s
8.7 - Non-GAAP Adjustments

5m 26s
8.8 - Projected Financials

6m 4s
8.9 - Interpreting Results

2m 34s
8.10 - Lululemon Summary and Reflections

54s
8.11 - Module 8 Quiz

Module 9: Spreading Under Armour

9.1 - Module Overview

2m 27s
9.2 - General Information

2m 4s
9.3 - FDSO

2m 53s
9.4 - Selected Balance Sheet Data

2m 10s
9.5 - Reported Income Statement

3m 37s
9.6 - Selected Cash Flow Statement

1m 57s
9.7 - Non-GAAP Adjustments

7m 17s
9.8 - Projected Financials + LT EPS Growth

3m 38s
9.9 - Under Armour Summary and Reflections

2m 54s
9.10 - Module 9 Quiz

Module 10: Spreading Puma

10.1 - Additional Practice Spreading Trading Comps

1m 28s

Module 11: Trading Comps Benchmarking and Outputs

11.1 - Trading Comps Analysis Output

4m 39s
11.2 - Trading Comps Analysis Output - Vertical Football Field

3m 46s

Module 11: Trading Comps Benchmarking And Outputs

11.3 - Module 11 Quiz

Module 12: Precedent Transactions Introduction

12.1 - Precedent Transactions Module Overview

4m 13s
12.2 - Precedent Transaction Valuation Terminology

2m 40s
12.3 - Common Precedent Transaction Valuation Multiples

3m 16s
12.4 - Intro to the Control Premium

1m 43s
12.5 - Intro to Synergies

2m 57s
12.6 - Example 1 - Precedent Transactions

4m 3s
12.7 - Example 2 - Precedent Transactions

2m 17s
12.8 - Module Summary and Reflections

3m 48s
12.12 - Module 12 Quiz

Module 13: Precedent Transactions Setup

13.1 - Precedent Transactions Analysis Process

4m 45s
13.2 - Identifying Precedent Transactions

4m 40s
13.3 - Additional Recommendations for Finding Precedent Transactions

3m 46s
13.4 - Sample Fairness Opinion Excerpt

2m 42s
13.5 - Other Deal-Specific Dynamics

4m 40s
13.6 - Nike's M&A History as Potential Precedent Transactions

2m 24s
13.7 - Other Potential Precedent Transactions Considered

2m 54s
13.8 - Other Potential Precedent Transactions Considered (Continued)

1m 11s
13.9 - Locating Necessary Deal Terms and Financials

1m 54s
13.10 - Spreading Key Financial, Deal and Valuation Metrics

2m 6s
13.11 - Introduction to Transaction Comps Excel Template

2m 22s
13.12 - Module Summary, Reflections, and Calculations

3m 9s
13.13 - Module 13 Quiz

Module 14: Spreading Tiffany / LVMH

14.1 - Tiffany-LVMH Acquisition Considerations

4m 4s
14.2 - General Transaction Info

8m 36s
14.3 - FDSO and Offer Value

4m 28s
14.4 - Transaction Value

3m 13s
14.5 - Reported Financials

7m 32s
14.6 - Non-GAAP Adjustments

3m 45s
14.7 - Projected Financials

3m 44s
14.8 - Premiums Paid and Review

4m 59s
14.9 - Module 14 Quiz

Module 15: Spreading Reebok / Adidas

15.1 - Reebok-Adidas Acquisition Considerations

2m 44s
15.2 - General Transaction Info

8m 6s
15.3 - FDSO and Offer Value

3m 16s
15.4 - Transaction Value

2m 31s
15.5 - Reported Financials

12m 2s
15.6 - Non-GAAP Adjustments

6m 31s
15.7 - Projected Financials

6m 55s
15.8 - Premiums Paid and Review

3m 58s
15.9 - Module 15 Quiz

Module 16: Spreading FitBit / Google

16.1 - FitBit-Google Acquisition Considerations

3m 21s
16.2 - General Transaction Info

4m 30s
16.3 - FDSO and Offer Value

5m 55s
16.4 - Transaction Value

1m 21s
16.5 - Reported Financials

4m 53s
16.6 - Non-GAAP Adjustments

4m 2s
16.7 - Projected Financials

3m 33s
16.8 - Premiums Paid and Review

3m 43s
16.9 - Module 16 Quiz

Module 17: Spreading Timberland / VF Corp

17.1 - Timberland-VF Corp Acquisition Considerations

3m 18s
17.2 - General Transaction Info

5m 44s
17.3 - FDSO and Offer Value

2m 27s
17.4 - Transaction Value

48s
17.5 - Reported Financials

3m 15s
17.6 - Non-GAAP Adjustments

6m 6s
17.7 - Projected Financials

2m 43s
17.8 - Premiums Paid and Review

4m 11s
17.9 - Module 17 Quiz

Module 18: Spreading Dickies / VF Corp

18.1 - Dickies-VF Corp Acquisition Considerations

2m 27s
18.2 - General Transaction Info and Purchase Price

5m 29s
18.3 - Reported Financials

4m 28s
18.4 - Project Financials and Review

6m 52s
18.5 - Module 18: Spreading Dickies / VF Corp

Module 19: Spreading Jimmy Choo / Michael Kors

19.1 - Jimmy Choo-Michael Kors Acquisition Considerations

2m 13s
19.2 - General Transaction Info

1m 58s
19.3 - Transaction Value

2m 13s
19.4 - Reported Financials

3m 18s
19.5 - Non-GAAP Adjustments

3m 49s
19.6 - Projected Financials

5m 8s
19.7 - Premiums Paid and Review

4m 2s
19.8 - Module 19 Quiz

Module 20: Transaction Comps Outputs & Valuation Wrap-Up

20.1 - Precedent Transaction Analysis Output

2m 57s
20.2 - Precedent Transaction - Football Field

3m 7s
20.3 - Putting it All Together

2m 35s
20.4 - Module 20 Quiz

Module 21: Final Assessment

21.1 - Final Assessment

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