About Finatics
Finatics is a startup by budding entrepreneurs providing Consulting and Training in the field of Financial Modeling, Equity Valuation, Risk Management and MS Excel. The team has a rich exposure in the mentioned areas and regularly updates content in consultation with practicing professionals to better understand current needs
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10 : 1 Participant-Trainer ratio assures personal attention ! Follow-the-Trainer approach is never used !! 8 Days of Revision included !!
Focus on Model Building, Revenue Build-up Techniques, DCF & Reverse DCF modeling applied on a Listed Company, SOTP included ! Build an Integrated Model with in depth DCF Valuation, from Scratch ! Merger & LBO modeling included ! Build and analyze stock screening models! Build a Comparable Company Analysis Model ! No Plugs or Circular Referencing used ! A detailed analysis included !! Excel Tips/Tricks & Accelerators ensure you never use the mouse again! Comfortable pace and non-mechanical approach, guarantee a fun learning experience! Take home pack includes
150+ Excel Exercises and 200+ hard to find Keyboard Accelerators Step-by-Step DCF valuation guide (Following Mckinsey approach) Comprehensive Revenue build-up Guide Step-by-Step Trading & Transaction Comparables guide Workings and Analysis of Plugs vs Circular Referencing vs No Plugs Workings and Analysis of Depreciation, CWIP & Minority Interest schedule Performance/Credit Analysis & stock screening model LBO & Accretion/Dilution model
Part 1
Excel for Modeling
Part 2
Financial Modeling
Part 3
Equity & Merger Valuation
10%
Excel Time savers & Essentials Commonly used Functions Conditional Operations Conditional Look-up Nesting, Charting, Scenarios ,Goal Seek, Solver and Sensitivity Analysis Error Proofing Techniques
25%
Introduction to Modeling Best Practices in Modeling Modeling techniques Building a 3 statement Model Building a fully integrated Financial Model Advanced Modeling issues resolved
65%
Extensive Revenue Build-up techniques DCF valuation Extensive Theory & Application Performance Analysis Trading & Transaction Comparables Merger modeling & valuation
Financial Modeling refers to the process of building a structure that integrates the Balance Sheet, Income Statement, Cash Flow Statement and supporting schedules to enable decision making in areas like, Business Planning and Forecasting, Equity Valuation, Credit Analysis/Appraisal, Merger/acquisition analysis, Project Appraisal etc. In each of the above areas, success of the deliverable to a large extent depends on the quality of the Financial Model. Merger modeling aims to determine whether a transaction will create or destroy value. Together they are an inseparable tool for the Finance professional and can be used in a wide array of situations On successful completion of the module you will be able to
Apply DCF & Reverse DCF Valuation for a listed company Apply Trading Comparables on a set of companies Build a Full-fledged Financial Model from Scratch Resolve advanced Modeling Issues and Analyze tricky items Use MS Excel for Data Modeling and Problem Solving Present results with Sensitivity Analysis & well formatted Charts
Other Details
> Suitable for Professionals
Value companies with Precedent Transaction Analysis Develop an LBO model from scratch Perform an Accretion/Dilution Analysis Apply performance and Credit Analysis techniques Understand and Apply Revenue build-up techniques for Valuation and Market Sizing Decode Financial jargon and uncover popular misconceptions
weekend batches
> Fast Paced option available > Additional discounts Offered
Day 1
Day 4
Modeling fundamentals,
> Manipulating rows and columns with shortcuts > Creating, Deleting, Renaming, Hiding/Unhiding sheets &
Panes & maximizing workable area The Power of Custom Views Using the Paste Special box Using the Go-to Special box Introduction to Keyboard Accelerators Generating compatibility reports Creating multi-dimensional formulas with Referencing Case Study
Balance Sheet drives Cash Flow vs Hybrid approach > The Common Size statement (Vertical & Horizontal Analysis) > Basic 3 statement model with simplified Assumption sheet, Debt/Interest and Fixed Asset/Depreciation Schedule
Day 2
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Day 5-7
AVERAGE, MAX, MIN, ROUND & ABS Conditional operations: Using SUMIF, COUNTIF and AVERAGEIF Using VLOOKUP & HLOOKUP Using the TRANSPOSE & SUMPRODUCT Functions Date Functions: DATEDIF, YEARFRAC, YEAR, MONTH and EOMONTH Unleash Custom Number formats Conditional Formatting Nesting with the IF function: Using IF, AND & OR Case Study
Day 8
> Long Term Debt Schedule (Waterfall Type) > What are Debt Covenants ? Can they be modeled? > Analysis of Cash Reserves and Application > Equity Schedule Dealing with New Issues, buybacks &
Day 3
> Types of Errors and their causes > 5 powerful shortcuts for Tracing errors and Formula Auditing > Using Iferror to dodge Errors > Using Data Validation to prevent errors > Working with Named Ranges: Advanced Issues Resolved > Sensitivity Analysis with Data Tables > Creating, Merging and Summarizing Scenarios > Using Goal Seek for circular problems > Using Solver to create optimization models > Charting - Commonly used charts, 3Axis, formatting
Day 9-11
> Investments & Loans and Advances Schedule > Short Term Debt Schedule Advanced Issues resolved! > Amortization Schedule > Modeling & Analysis of Intangibles > Treatment of dividends while modeling > Integrating it all without plugs > Error Proofing the model > Case Study
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Day 12
Day 21
> Why do share prices move up ? > Valuation methods in brief > Why DCF ? Are dividends important ? > Do Dividends & Share Buybacks create value ? > What is Value Creation? Does DCF really work ? > Significance of EVA and MVA ? > A Birds Eye view of the Enterprise DCF method > So what is SOTP/Multi-business valuation ?
> Deriving, applying & reconciling the Value driver approach > Private Equity Approach: The Exit Multiple > Testing and sanitizing the Exit Multiple > Estimating continuing growth rates and RONIC > How much should Continuing Value contribute ? > Case Study (CV)
Day 22
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Day 13-15
Continuing Value ensure that you can dodge pitfalls in real world application
Average vs CAGR vs Regression vs Exponential Smoothing vs Time Series Analysis When do statistical approaches fail ? Why are Qualitative build-ups better ? Competitive Advantage Periods and Fade Rates Revenue build up of 4 Sectors Case Study
Day 23-24
Reverse DCF,
Day 16
Analysis of Beta
Conversion Cycle, Economic Profit, Degree of Operating, Financial & Combined Leverage & Credit Analysis Presenting your Results with Charts
> Systematic vs Unsystematic risk > What is beta and where can it be used ? > Determinants of beta > 2 ways of calculating Raw beta > The process of Unlevering and relevering beta > The concept and application of Bottom-up beta > Which beta to be used for valuing a firm/equity ? > Case Study | Calculate & Analyze the above for a listed company
Day 25-27
> Why use Multiples?
> Transaction
Acquirer
Day 17-18
> Which Cash Flow do I Choose FCF(F) vs FCFE vs CCF > The right Treatment of Taxes > Top-down & bottom-up methods of calculation > Why the Equity DCF method fails in comparison to the
Day 19-20
Analysis of WACC
> WACC Basics & Popular misconceptions busted > Extrapolating each component of the equation > Stub period discounting &the mid-year adjustment factor > Types of Risk premiums Country Risk, Market Risk, Credit Risk
Multiples Forecasting the multiple vs Forecasting the Price Identifying the Peer Set What are comparable companies? Choosing the right multiple - Equity vs Enterprise Multiples Calculating and Analyzing P/E, P/B, P/FCFE, EV/Sales, EV/EBITDA, EV/EBIT & EV/FCFF Sector Specific Multiples EV/Capacity, EV/Customer etc. Pitfalls in estimation: Understanding P/E & PEG Why EV/EBIT is the best multiple Normalizing Earnings & Multiples Calculating LTM/TTM & Calendarization Calculating Fully diluted shares Case Study - Application on a listed set of companies Why use Transaction Comps Collecting relevant data Analysis of Control Premium Pitfalls in estimation Case Study Application
Day 28-32
LBO Modeling
Accretion/Dilution &
Models are used to filter out stocks based on Financial & market related parameters!
> Deal Structuring Cash vs Stock vs Debt > Projecting the Buyers and Targets IS & BS > Modeling Synergies > The Consolidated Statements > Premium Paid & Accretion/Dilution Analysis > LBO vs Recaps vs MBOs vs RLBOs > Deal Assumptions & Making Projections > Debt Structuring > Introduction to the APV approach > Exit Strategy & IRR calculations
Day 21
> Continuing Value Basics > Popular misconceptions busted > The Gordon growth Model
Certification in Advanced Financial Modeling *Includes Intermediate Excel and Equity Valuation Other Programs Offered
15 day program in Financial Modeling & Equity Valuation | 15 days | Rs. 12,500
The Crash program focuses on preparing the participants for entry level positions in quality KPOs, Research firms and Brokerage houses. Covering areas like Excel, Model Building and Equity Valuation
Why FINATICS ?
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21/2
Months
Our Flagship program! Covers almost everything you will ever need with an astonishing level of Width and Depth. The 2 page Table of contents is a must see!