Overview

This course equips learners with the knowledge and analytical skills to interpret, calculate, evaluate, and apply key concepts in comparable company valuation (COMPS). Beginning with the foundations of enterprise value and extending through debt and equity adjustments, share price insights, and balance sheet interpretation, participants will analyze profitability metrics, compute growth measures, assess sector-specific performance, and implement advanced valuation techniques such as LTM calculations, calendarization, and currency management. Across four structured modules, learners will apply industry-relevant methodologies to real-world financial data, compare operational and profitability measures across companies, and integrate adjustments for accurate, period-aligned, and currency-adjusted analysis. By the end of the course, participants will be able to evaluate company performance within a comparable framework and construct consistent, reliable valuation models for informed decision-making.

Syllabus

Foundations of Comparable Company Analysis

This module provides learners with a comprehensive foundation in comparable company analysis (COMPS) and enterprise value (EV) concepts. It covers the identification and application of trading and transaction comparables, detailed calculation of enterprise value, and integration of debt, net debt, and share-related considerations. Learners will explore how to incorporate pension and lease obligations, determine cash and cash equivalents, and refine net debt calculations. The module emphasizes accurate financial adjustments, ensuring participants can apply real-world valuation methods with precision.

Financial Assets and Share Price Insights

This module develops learners’ ability to evaluate advanced share components and financial assets within the context of company valuation. It covers the accurate calculation of basic shares outstanding, application of currency conversions for cross-border analysis, identification of financial assets, and the relationship between revenue, share prices, and trading comparables. By the end of this module, learners will be able to integrate these components into a consistent, comparable framework for valuation purposes.

Balance Sheet and Adjusted Metrics

This module equips learners with the skills to interpret and adjust key financial metrics from consolidated financial statements. It covers the calculation of total assets, the role of non-controlling interest, and verification of adjusted financial figures. Learners will also explore adjusted earnings measures, including adjusted EPS and adjusted operating profit, and analyze cash flows from investing activities. Emphasis is placed on integrating these metrics into accurate, comparable valuation models.

Operational Performance and Calendarization

This module guides learners through the analysis of profitability, growth metrics, sector-specific performance evaluation, working capital adjustments, and advanced valuation techniques such as LTM calculations and calendarization. It explores how to interpret sector examples, measure operational efficiency, calculate adjusted growth rates, and manage currency fluctuations for multinational financial analysis. By the end of the module, learners will be able to align financial periods, assess operational metrics, and apply calendarized and currency-adjusted data to comparable company analysis.