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Valuation for Startups Using Multiple Approach
  • Level Foundation
  • Course by Yonsei University
  • Offered by

About

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.

Modules

Valuation Based on Comparable Firms

    • 4 Videos
    • 3 Readings
    • 1 Discussion
    • 3 Assignment
Show info about module content

3 Assignment

  • Practice Question 1
  • Practice Question 2
  • Week 1

1 Discussions

  • Comparison with Peers

4 Videos

  • Welcome Video
  • 1.1 Valuation Based on Comparable Firms
  • 1.2 Valuation Based on Comparable Firms (1) PE Ratio
  • 1.3 Valuation Based on Comparable Firms (2) PB Ratio, PS Ratio

3 Readings

  • 1.1 Slide
  • 1.2 Slide
  • 1.3 Slide

Pre & Post -money valuation

    • 4 Videos
    • 5 Readings
    • 5 Assignment
Show info about module content

5 Assignment

  • Practice Question 1
  • Practice Question 2
  • Practice Question 3
  • Practice Question 4
  • Week 2

4 Videos

  • 2.1 Pre-money valuation
  • 2.2 Post-money valuation
  • 2.3 Rounds of financing (1)
  • 2.4 Rounds of Financing (2)

5 Readings

  • 2.1 Slide
  • Excel Template
  • 2.2 Slide
  • 2.3 Slide
  • 2.4 Slide

Financial Statements

    • 3 Videos
    • 4 Readings
    • 3 Assignment
Show info about module content

3 Assignment

  • Practice Question 1
  • Practice Question 2
  • Week 3

3 Videos

  • 3.1 Financial Statements (1)
  • 3.2 Financial Statements (2)
  • 3.3 Cash Flow Calculation

4 Readings

  • 3.1 Slide
  • 3.2 Slide
  • 3.3 Slide
  • Excel Template

Cash Flow

    • 3 Videos
    • 4 Readings
    • 1 Discussion
    • 3 Assignment
Show info about module content

3 Assignment

  • Practice Question
  • Week 4
  • Final Quiz

1 Discussions

  • Cash Flow Analysis

3 Videos

  • 4.1 Cash Flow
  • 4.2 Cash Flow Calculation
  • 4.3 Review

4 Readings

  • 4.1 Slide
  • 4.2 Slide
  • 4.3 Slide
  • Excel Template

Ysom Inc.

    • 1 Readings
    • 2 Assignment
Show info about module content

2 Assignment

  • Case Study Quiz (1)
  • Case Study Quiz (2)

1 Readings

  • Case Study Quiz: Ysom Inc.

Auto Summary

Elevate your startup valuation skills with the "Valuation for Startups Using Multiple Approach" course, tailored for business and management enthusiasts. This comprehensive program delves into the widely-used multiple method alongside the discounted cash flow method for firm valuation. Gain proficiency in PER, PBR, and PSR ratios, and learn to estimate enterprise value and founder's ownership through various funding stages. Led by expert instructors from Coursera, the course equips you with the ability to determine share prices based on future earnings, make informed decisions on capital raising, and accurately generate cash flows or earnings from financial statements. Understand the intricacies of balance sheets, income statements, and cash flow calculations to make precise firm value estimates. With flexible subscription options, including Starter and Professional plans, this foundational course is ideal for aspiring entrepreneurs, financial professionals, and anyone looking to deepen their understanding of startup valuation. Embark on this learning journey and master the financial tools needed to navigate the dynamic world of startups.

Hyun Han Shin
Instructor

Hyun Han Shin