Corporate Valuation – Trading, Transaction Comparables & Merger Analysis
This e-training programme comprises 3 topics/tutorials. Answer all quiz questions at the end of each tutorial in order to complete the training.
A) Corporate Valuation – Trading Comparables
(Estimated Completion Time: 60 Minutes)
Comparable company analysis, or trading comparables, is one of two methods that can be used to determine the relative value of a company (the other is transaction comparables, which is based on precedent transactions). This tutorial looks at each stage of comparable company analysis and describes how it is carried out from a practical point of view. It also examines some of the technical difficulties and considerations that analysts have to make when undertaking a trading comps analysis.
B) Corporate Valuation – Transaction Comparables
(Estimated Completion Time: 60 Minutes)
Acquisition comparables analysis, or transaction comparables, is one of two methods that can be used to determine the relative value of a company (the other is trading comparables, which uses the position and performance of other companies to give an indication of the value of a target company). This tutorial describes how analysts decide on the precedent transactions to include in a transaction comps analysis, how they calculate the offer premium and deal price, and which metrics they analyze as part of the valuation.
C) Corporate Valuation – Merger Analysis
(Estimated Completion Time: 60 Minutes)
This tutorial describes the basic mechanics of a merger analysis. It examines how analysts prepare the calculations to assess which deals are earnings per share (EPS) accretive and how the deal financing is determined. It also outlines the key steps involved in post-merger balance sheet and income statement consolidation, before concluding with a look at the output analysis that is prepared for the acquiring company in a merger transaction.
Terms and Conditions
1) Each e-training programme takes approximately 3 hours to complete.
2) In order to qualify for Continuing Education credits from SGX, please complete all quiz questions found at the end of each tutorial (a 70% pass rate is required) by 31 December 2018.
3) Access to the e-training materials is valid for 3 months from the date the access is issued. Trading Representative who requires Continuing Education Credit and registered at the last quarter of 2018, access is valid till 31 December 2018 (i.e. access given on 24 November 2018, access is valid till 31 December 2018).
4) Upon successful registration, an email with the access details and password would be sent to you within 2 working days.
5) If participants wish to make any changes to their application or request for a refund, written notice should be given within 10 business days of receiving the access ID and password to the online programme and provided the access has not been utilised. There will be an administrative fee of 20% of the fees paid. There will be no changes or refund if notice is given thereafter or if the access has been utilised.
6) Please login using Microsoft Internet Explorer from your PC or Laptop.
7) Please note that the learning management system is not compatible with browsers on Apple iOS or other operating systems.
8) For assistance please contact e-training@sgxacademy.com or call 6327 5438.
SGX reserves the right to make changes to information regarding the programme if warranted by circumstances beyond its control.