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Valuation for Startups Using Multiple Approach, Yonsei University

4.2
41 ratings
10 reviews

About this Course

In addition to discounted cash flow method, multiple method is one of the most popular methods of firm valuation. PER is often used among financial professionals to make a quick-and-dirty estimate of a firm value. In this course, you are going to learn the concept and usage of PER, PBR and PSR. In addition to these basic multiple ratios, you are going to learn how to make an estimate of enterprise value and founder’s ownership before and after additional funding. Startups require a number of financings before IPO. After taking this course, you are going to be able to answer questions such as What the price per share should be given the startup’s estimate of earnings in the future; How many shares the founder should give up to raise additional capital; and so on? In the discounted cash flow method and multiple method, you are always given earnings or cash flows to make estimate of firm value. In this course, you are also going to learn how to generate cash flows or earnings from the financial statements. After taking this course, you will be able to understand the meaning of financial statements such as balance sheet, income statement and cash flow calculation....

Top reviews

By FH

Jun 01, 2017

Very clear overall at a pace I (non-financial savvy) can accept. But hope to solution to all questions in the future.

By AT

Oct 22, 2018

Very useful to understanding the valuation using multiple approach

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10 Reviews

By Andreas Tirtarianto

Oct 22, 2018

Very useful to understanding the valuation using multiple approach

By huiming zhuang

Sep 03, 2018

great course to get the basic valuation applications.

By Anandkumar Surendrarao

Apr 12, 2018

This course is more advanced compared to the previous one - Valuation for Startups Using Discounted Cash Flow. There are a lot more theoretical concepts and examples that are covered in this course and I really enjoyed the lectures and the quizzes. The instructor is quite clear and the 1 or 2 instances where something was not clear, or when a concept needed clarification, the teaching staff were quite prompt with responding. I am quite satisfied with this course and would recommend it to someone looking to earn the Specialization in " Valuation and Financial Analysis For Startups". Two thumbs up!

By Tony Joseph Dableh

Feb 13, 2018

very frustrating quizzes....If you get one number wrong, it completely throws off the rest of the calculations

By Ramy Ghorayeb

Oct 18, 2017

The quizz and exercices have a lot of weird problems. Way of asking the question, approximation of the result, contradictory initial datas... It needs to be reviewed

By Brian Towle

Aug 01, 2017

Good for financial statements but weak on overall startup valuations in the absence of years of financial statements

By Fiona huang

Jun 01, 2017

Very clear overall at a pace I (non-financial savvy) can accept. But hope to solution to all questions in the future.

By Simone Salvatori

Dec 04, 2016

The course is simple and perfectly self contained. It is excellent as a primer on the topic or to refresh old knowledge. The examples are clear and so is the language. Of course it does not address in full the complexity and the ramifications of this approach.

By Himanshu Patil

Nov 11, 2016

too many grading errors.

By Lukáš Konečný

Oct 23, 2016

Very basic content, the content in this 5-week course accounts for similar volume as only one week in courses from other universities.