Valuation Mastery for Financial Analysts
Build practical skills in asset valuation, DCF modeling, and comparative analysis through hands-on projects with real market data. Designed for analysts who want to go beyond spreadsheets.
What You'll Actually Learn
DCF Fundamentals
Start with discounted cash flow models. We break down WACC calculation, terminal value assumptions, and sensitivity testing using actual ASX-listed companies.
- Free cash flow projection techniques
- Cost of capital in Australian markets
- Terminal growth rate adjustments
- Three-statement modeling integration
Comparable Company Analysis
Learn to identify true peer groups and apply multiples correctly. This isn't just about plugging numbers—you'll understand when EV/EBITDA makes sense and when it doesn't.
- Trading multiples selection criteria
- Sector-specific adjustments
- Outlier treatment and normalization
- Transaction multiples analysis
Real Asset Valuation
Property and infrastructure assets behave differently. We cover cap rates, NOI adjustments, and how to value income-producing assets in today's rate environment.
- Direct capitalization methods
- Yield compression analysis
- Lease structure impacts
- Market rent vs. contract rent
Equity Valuation Deep Dive
Apply dividend discount models, residual income approaches, and understand when each framework adds value. Includes sessions on growth stage companies where traditional methods struggle.
- Gordon growth model applications
- Multi-stage DDM techniques
- Economic profit frameworks
- Early-stage valuation challenges
Merger & Acquisition Valuation
Synergy quantification, accretion/dilution analysis, and control premiums. Work through case studies from recent Australian M&A deals to see how theory meets transaction reality.
- Synergy identification frameworks
- Purchase price allocation
- Pro forma financial modeling
- Deal structure implications
Industry-Specific Methods
Mining, banking, retail, and tech all require specialized approaches. This module covers sector-specific metrics, from P/NAV for resources to CAC ratios for consumer businesses.
- Resource reserve valuation
- Bank balance sheet analysis
- Retail inventory considerations
- SaaS revenue quality assessment
Who's Teaching
Our instructors work in the field. They're not just academics—they value companies for transactions, fairness opinions, and litigation. That experience shows up in how they teach.
Freesia Drummond
M&A Advisory, 12 years experience
Freesia spent the last decade valuing mid-market companies across manufacturing and services. She's done fairness opinions for boards and expert witness work. Her teaching focuses on what actually holds up in deal negotiations.
Callista Pemberton
Real Estate Valuation Specialist
Callista values commercial property portfolios for institutional investors. She knows the difference between theoretical cap rates and what buyers actually pay. Brings case studies from recent Melbourne and Sydney transactions.
Zinnia Hargrove
Equity Research, Resources Sector
Zinnia covers mining companies for a major brokerage. She's built hundreds of DCF models and knows how commodity price assumptions can make or break a valuation. Teaches practical sensitivity analysis that analysts actually use.
Clementine Ashford
Corporate Finance Advisory
Clementine advises boards on strategic transactions and capital raising. She's worked on valuations for everything from tech startups to infrastructure assets. Her sessions cover how to present valuation ranges that stakeholders trust.
Program Details
Classes run Wednesday evenings from 6:30-9:00pm at our Geelong office, with online options available for those outside the region. You'll need access to Excel and basic financial modeling knowledge going in. The September 2025 intake opens for enrollment in May.