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Financial modeling: Build a multiples equity valuation model
Rating: 3.6 out of 5(46 ratings)
771 students

Financial modeling: Build a multiples equity valuation model

Financial modeling: Learn to do business valuation of any company using the Relative Multiple valuation technique
Created byAshish Agarwal
Last updated 8/2026
English
English

What you'll learn

  • Build a complete multiples based valuation model of any company
  • Sum of the parts (SOTP) valuation methodology
  • Calculate Multiples valuation metrics for a company
  • Enterprise valuation vs Equity valuation

Course content

2 sections • 23 lectures • 1h 18m total length

  • What are we going to learn today?2:04

    Learn how to perform a multiples-based valuation using common multiples, compare options, choose between multiples, and apply a sum-of-parts approach to value a company's segments.

  • What are the different techniques of stock valuation?5:11
  • A very brief overview of Discounted Cash Flow valuation technique1:48
  • Multiples based valuation: What is a multiple?2:35

    Explore multiples based valuation through ratios of company value to performance metrics like enterprise value and earnings, illustrated with a forward P/E example.

  • Multiples based valuation: What does a multiple denote?1:32

    Explain how price-to-earnings multiples denote years of earnings, using the next twelve months' estimate. Show that higher multiples imply greater value, with other metrics unchanged.

  • Multiples based valuation: What are the different types of multiples used?3:21

    Explore enterprise value multiples such as ev/ebita, ev/ebitda, ev/sales, and ev/invested capital, alongside price multiples like price-to-earnings and price-to-book, with a focus on consistency between numerator and denominator.

  • Case study to do a multiples based valuation2:22

    Explore a case study illustrating multiples based valuation to guide a private equity investment in a private FMCG company with plans to expand geographically.

  • Financial statements supplements to the case study2:44

    Examine the management-provided five-year income statement and balance sheet to perform a multiples-based equity valuation, tracing revenues, costs, depreciation, EBIT, EBT, and net income.

  • Steps to do a multiples based valuation4:46

    Identify the right listed peers with similar profiles, compute forward market and enterprise value-based multiples (EV, EBITDA, EBIT), and apply peer averages to value a private FMCG target.

  • Step 1: Choosing the right peers6:34

    Identify the right peer set for a multiples-based valuation by evaluating eight FMCG peers against home-market focus and the three target products, using green, orange, and red to decide.

  • Step 2: Calculating the peer multiples4:25

    Conduct forward-looking ev/ebitda and pe multiples for five peers within financial modeling, deriving enterprise value from market value and net debt, then compute averages and medians for valuation.

  • Step 3: Calculating the target value6:18

    Apply the peer averages of EV/EBITDA and P/E to the target's EBITDA and net income to estimate enterprise value. Subtract net debt to arrive at the target's market value.

  • What is the best multiple to use?7:51
  • End of section 1: What did we learn?3:40

Requirements

  • None. We will teach everything from scratch.

Description

Welcome to our  Financial modeling: Build a Multiples valuation model course. 

We are glad to meet you. If only we could shake hands! 


Are you wondering how is this course going to be useful to you? 

Hey, did you watch the promo video? If not, please do. 

If you are looking to learn how to make an equity valuation model, then this course will prepare you for the job.

Look, the valuation jobs are high paying jobs.

So your prospective employer will want you to be on a client project on day 1.

Our course does exactly that - we make you job ready for your prospective project / daily work.


What makes our course different from others?

Our course content is unique - you learn exactly what you are required to do in your daily work.

We will value a large US company and compare the value with the current trading price.

You get 2 hours of crisp synthesized practical real life illustrations of all concepts.

You will be carrying out the real life illustration along with the instructor.

Same set up as the instructor. All illustration spreadsheets are shared.

It's almost like as if somebody is guiding you in person to carry out the various analysis.

You are going to love our instructor's teaching style. 

He makes it very engaging and fun learning experience.

You will have practice assignments / course challenges with varying difficulty levels to test your learning from the course.

Our support team responds to any course queries within 24 hours of your request. 

And of course, the price is competitive. 


What will you learn in this course?

Learn to do a Relative Multiples based valuation of any company.

A standardized valuation model to cover all sectors.

You can watch the FREE course previews in the CURRICULUM section.

Read through the entire CURRICULUM section if you can.

All modules with details of lectures are provided.


What  next?

Well, we sincerely hope to see you inside the course.

We wish you well and good luck.

Still confused? Don't hesitate to reach out.

Who this course is for:

  • Financial analysts
  • Business analysts
  • Venture capitalists
  • Private Equity professionals
  • Startup entrepreneurs
  • Equity Analysts
  • Finance Managers
  • Investment Bankers

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