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HOW TO VALUE COMPANIES

By Behind The Balance Sheet

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£429

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Highlights

On-Demand course
Intermediate level

Description

Your practical guide to the art and science of valuation, businesses and stocks.

Knowing how to value companies is an investing superpower.

Why?

Because it lets you buy great businesses when the market is giving them away.

It lets you sell overpriced stocks to hungry buyers... and it lets you invest with more conviction and more confidence than ever before.

How To Value Companies is your complete education in the theory and practice of valuation.

After taking this course, you'll be able to:

Pick the right valuation tools for any stock

Use these to arrive at a range of valuations

Buy and sell shares at attractive prices

This course is taught by Steve Clapham. A former hedge fund partner and stock analyst with over 25 years of experience.

You will learn:

Why you should never take your stock screener’s data at face value

The “twisted” method you can use to find cheap stocks

Why an expensive-looking company might actually be dirt cheap

A quick way to spot overpriced hospitality and retail stocks

Three situations I always avoid, even if they look cheap

Why using P/E ratios to invest can be incredibly risky

How you can find stocks trading for a true price of less than zero

What investors think of this course:

“I felt I learnt just as much about valuation in the first two modules as I have across CFA Level I and II. With the real value-add coming from the plethora of real-life examples, anecdotes, critical analysis, and insights on applying the techniques”

Stuart, Analyst at a long-only institution

“The course touches on all topics needed to build a fundamental analyst’s toolbox. Personally, it was a great recap of equity valuation principles learned during my post-graduate degree, and was enhanced by Steve’s practical knowledge...

Steve nicely ties in the theory by also sharing lessons and experiences from his asset management industry contacts, making the course highly practical to newer fundamental analysts but also to private investors who have a background in finance and accounting.

I highly recommend the course to anyone looking to brush up on a wide range of valuation methods while more importantly taking their learnings to the next level by developing a practical eye to the age-old valuation dilemmas we encounter every day when investing.”

David R., Investment Analyst at NYC-based Long-Short Equity Hedge Fund

Modules preview:

Course Welcome

3 Golden Rules of Valuation

Evidence Against MPT I

Frequently Asked Questions

Who is the tutor?
Steve Clapham has 25 years of experience as an equity analystat different investment banks, covering various sectors, and was consistently rated in the top 10 in his sector in Extel, I and Reuters surveys. He moved to the buy-side in 2005 and was a partner and head of research at two multi-billion dollar hedge funds; he specialised in using a deep dive research approach to identify special situation opportunities.
In 2018, Steve started Behind The Balance Sheet, an investment training consultancy that runs forensic accounting courses for institutions like Schroders and Baillie Gifford.
Steve is regularly in the press, in the UK's Investors Chronicle, on City AM and on the Today programme on BBC Radio 4, talking about accounting issues at quoted companies.
In 2020, Steve's book, The Smart Money Method, How to Invest Like a Hedge Fund Pro, was published by Harriman House and immediately went to #1 slot in Investing on Amazon in the UK and US. It has been enthusiastically received by professional and amateur investors.
How long do I have access to the course?
How does lifetime access sound? After enrolling, you have unlimited access to this course for as long as you like - across any and all devices you own.
When does the course start and finish?
The course starts now and never ends! It is a completely self-paced online course - you decide when you start and when you finish.
What if I am unhappy with the course?
We would never want you to be unhappy! If you are unsatisfied with your purchase, contact us in the first 30 days and we will give you a full refund.
Who is this training for?
Professional and private investors who want to improve their investing skills.