BUSINESS & LEARNING

Corporate Finance & Valuation Academy

Learn how companies decide what to invest in, how to pay for it and what to return to shareholders. Six modules and 18 lessons: the time value of money, annuities and loans, risk, beta and CAPM, NPV, IRR, payback and the profitability index, comparing exclusive projects, the cost of equity and debt, WACC, valuing a company, Modigliani–Miller and the tax shield, financial leverage, sources of finance, dividend policy, buybacks, working capital, capital rationing, sensitivity, scenarios and real options, and governance. Eight simulations: a time-value calculator with a loan table, project appraisal with an NPV profile, NPV v IRR, a cost-of-capital builder, a leverage lab, dividends and buybacks, capital rationing and a sensitivity tornado. Made-up companies, in dollars, euros or pounds.

Ready to try · Learn how companies decide what to invest in, how to pay for it and what to return to shareholders. Six modules and 18 lessons: the time value of money, annuities and loans, risk, beta and CAPM, NPV, IRR, payback and the profitability index, comparing exclusive projects, the cost of equity and debt, WACC, valuing a company, Modigliani–Miller and the tax shield, financial leverage, sources of finance, dividend policy, buybacks, working capital, capital rationing, sensitivity, scenarios and real options, and governance. Eight simulations: a time-value calculator with a loan table, project appraisal with an NPV profile, NPV v IRR, a cost-of-capital builder, a leverage lab, dividends and buybacks, capital rationing and a sensitivity tornado. Made-up companies, in dollars, euros or pounds.