Enterprise Value Multiples

Specialisation: Valuation

Course summary

This course covers the ins and outs of market multiple valuation, a popular valuation methodology based on ratios of comparable listed companies frequently used in corporate finance advisory to benchmark and communicate a company’s valuation.

Five lessons covering:

  • Enterprise Value Multiples (multiples frequently used by practitioners)
  • Valuation Mechanics (mathematics behind multiples)
  • Compiling the parameters (approach for compiling the parameters incl. pitfalls)
  • Adjustments & interpretation of results (valuation discounts & premiums)
  • Practice makes perfect (real life example of multiple calculation)
The course is designed for young professionals with up to one year of working experience in corporate finance advisory or related fields who wish to enhance their knowledge of multiple valuation methodology. Learners are expected to have an understanding of general valuation theory.

Learning goals

After finishing the course successfully you:

  • Know the main multiple ratios used and understand when to use which ratio
  • Understand the fundamentals driving market multiple valuation
  • Understand how to compile the parameters used in each ratio, identify pitfalls when obtaining these parameters and how to adjust for these pitfalls
  • Know how to evaluate the resulting valuation and adjust for specific situations

Course structure

Each lesson is structured in multiple short videos and ends with an exam. In addition to the videos and quizzes you can find readings, best practice templates and related videos about trending topics in the - course materials section - on the left (once you have entered the course). These materials are part of the curriculum and required for the exams.

To complete the course successfully and obtain a course certificate you are required to achieve an average score of 75% on your exams. Note that you can retake exams.

Course masters

Matthies

Matthies Haentjens
M&A professional

Matthies Haentjens is an experienced M&A and Valuation advisor with a passion for taking financial training for young professionals to the next level. Prior to starting Postinitial Matthies worked at KPMG Corporate Finance and private equity firm Axivate Capital Partners, where he mastered the art and science of multiple valuation.