Investment Banking Preparation: Instructor ex Morgan Stanley

Explore the income statement, cash flow statement, and balance sheet and learn revenue minus expenses, cash flow from operations, and the structure of assets and liabilities.

Explore how the balance sheet connects assets with liabilities and equity through revenue, costs, depreciation, and taxes, with practical examples like payables, receivables, and inventory.

Enterprise value captures a company’s operating activities and is computed as market cap plus debt, leases, dilution stock options, pension deficit, and minorities, minus cash and non-core assets.

Compute enterprise value for Apple by deriving equity value from a $20 share price and 18 million diluted shares, then subtract cash and add debt and leases.

Apply enterprise value multiples to benchmark companies, ensuring numerator and denominator consistency across EBITDA, unlevered free cash flow, and equity value metrics.

Explore mergers and acquisitions, evaluating accretive vs dilutive effects on earnings per share using cash, debt, or stock, and apply the simple formula to determine post-transaction EPS.

Compute goodwill as acquisition equity value minus the target's equity book value, merge balance sheets with adjustments, and illustrate the process through a cash acquisition example.

Explore four core valuation methodologies—discounted free cash flow, trading multiples, precedent transactions, and leveraged buyout valuations—and see how each method derives a company's value.

Compute Aston Martin's return on equity by selecting comparable peers, deriving unlevered betas, re-levering to Aston Martin's capital structure, and applying the CAPM.

explains lbo valuation by using debt to set a deal price and discounting exit equity at a target irr to determine entry equity, highlighting undervaluation versus a company's enterprise value.

Explore how to master assessment centre case studies, including M&A case analysis, SWOT analysis, and situational cases, through group and individual formats with structured presentations.

Explore a target company overview for M&A, assessing business description, market positioning, and financials, and evaluate acquisition rationale, including economies of scale and scope, diversification, market share, costs, and risks.

Analyze a practical M&A case to assess the combined entity's revenue and margins, potential synergies from diversification, and how cash, debt, or stock funding affects dilution and governance.

Practice an assessment center scenario for both individual and group study, reading the case in 10 minutes and elaborating in 10 minutes, then review the title and case studies.

Practice solving a mergers and acquisitions case by evaluating three acquisition options, weighing pros and cons, and assessing practical achievability and risks for a Brazilian cloud market target.