Over the past 40 years there has been a progressive and huge divergence between company balance sheet value and value expressed by shareholders represented by share price and market capitalisation. Furthermore, the statistical correlation between accounting based measures of performance over a one to three year time horizon and corporate share value is poor. This course looks at the real driving forces behind share values in today's world.
On completion of this course, participants will have a greater understanding of:
- Shortcomings of historical valuation methods
- Basics of the Capital Asset Pricing Model
- Shareholder Value Analysis (SVA) - current thinking on value creation and the importance of Intangible Value
- Rappaport's guiding principles of value management.
Authored by: John McKenzie
John McKenzie has over 20 years' experience during which he has undertaken ABC/M implementation work at a range of companies including Halifax Plc, British Airways, Seeboard Electricity, London Electricity, British Gas, ADNOC (Abu Dhabi National Oil Company), Sharwoods, Vauxhall Motors, IBC Vehicles, MATAV(Hungarian Telecom), Glasgow City Council, Royal Sun Alliance, NatWest, and Unilever International. His book ABC/M to the Max was published in 2008
CPD Points: 1.5
CPD Duration (hours): 1.5
Access: 12 months from purchase date