· Interactive course

Comps & Precedents

Value a company against the ones it trades beside. Screen a peer set, calendarise it to a single date, build the enterprise value bridge, and read the multiples that come out.

  • 10 exercises
  • 50 graded cells
  • 81 minutes of practice
  • 1 free lesson

What you’ll learn to do

  • Trading Comps
  • Precedent Transactions
  • Output

Course syllabus

Trading Comps

0 of 3 lessons done
42 minutes of practice
0% complete

Choosing the peer setFree

A screen written in cells rather than in your head, and the median of the companies that survive it.

2 exercises · 11 graded cells · 17 min

Calendarisation and LTMFull access

Twelve months to the valuation date, built out of a full year and two stubs.

2 exercises · 2 graded cells · 12 min

The EV bridge and the multiplesFull access

From market capitalisation to enterprise value, and the three multiples it divides into.

2 exercises · 4 graded cells · 13 min

Precedent Transactions

0 of 1 lesson done
17 minutes of practice
0% complete

Deal screening and the control premiumFull access

A date window on deals that go stale, and the unaffected price the premium is measured from.

2 exercises · 14 graded cells · 17 min

Output

0 of 2 lessons done
22 minutes of practice
0% complete

The football fieldFull access

Four methodologies, one unit, and twelve cells that all reference something else.

1 exercise · 12 graded cells · 12 min

When comps lieFull access

A one-off gain in one peer, and the six-tenths of a turn it takes off your median.

1 exercise · 7 graded cells · 10 min

Guides for this course

Review a concept before your next exercise.

Keep practicing

Check your skills with the free financial modeling test, or explore a related course.

Included in full access

This course and every other on FinX, plus every course added later.

$99.99 USD · paid once

One-time payment. No recurring subscription. 30-day money-back guarantee. Review the final total at checkout.

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Before you start

Be comfortable working with formulas and reading financial statements. Review a foundation course if you need a refresher.

Use a laptop or desktop browser for the workbook. No Excel installation is needed.