Valuation, Sixth Edition Course

Welcome to the Valuation course. Most business decisions require rigorous financial analysis to assess their implications for shareholder value. That makes it essential for all business managers to master a core set of financial tools and valuation skills that complement their strategic acumen. To help you develop these skills. McKinsey & Company has created a 7-module course with 6.5 hours of instruction. In this course, you will learn how to:

• Identify key drivers of value creation
• Estimate how changes in performance or strategy will affect the value of a company
• Conduct a detailed historical analysis of a company’s performance
• Understand core valuation concepts, such as NOPLAT, invested capital, free cash flow, and ROIC
• Estimate the weighted average cost of capital (WACC)
• Forecast free cash flow
• Build a valuation model spreadsheet to estimate a company’s equity value using the discounted free cash flow method