TS
5.0Reviewed Sep 25, 2019
Some discrepancies in final case but overall a good course. Learnt a lot! Thanks to Yonsei University.
very frustrating quizzes....If you get one number wrong, it completely throws off the rest of the calculations
Valuation for Startups Using Multiple Approach
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.
Status: Case Studies
Status: Cash Flows
BeginnerCourse13 hours
Featured reviews
AT
5.0Reviewed Oct 21, 2018
Very useful to understanding the valuation using multiple approach
MA
4.0Reviewed Jan 3, 2025
Good Course: the Peer Graded Assignment shall be explained at later stage to validate the solution submitted.
OV
4.0Reviewed Sep 27, 2020
The course is great. There seem to be mistakes in the final exam. I'd recommend referring to the week 5 forum to look for help.
JY
5.0Reviewed Feb 4, 2019
Would love to know the right answer sometimes even though I passed
RG
4.0Reviewed Oct 17, 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
CM
5.0Reviewed Apr 24, 2019
WOW! A very challenging and interesting course. Easy to read and understand. Also great exercises to practice everything you learned.
FH
5.0Reviewed May 31, 2017
Very clear overall at a pace I (non-financial savvy) can accept. But hope to solution to all questions in the future.
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Tony Joseph Dableh
3.0
Reviewed Feb 12, 2018Himanshu Patil
1.0
Reviewed Nov 11, 2016too many grading errors.
Jevin Tan Jin Yi
5.0
Reviewed Feb 5, 2019Would love to know the right answer sometimes even though I passed
Carlos Daniel González Silva
1.0
Reviewed Jul 9, 2020One of the most frustrating online course I've ever taken. With all due respect, answers should be multiple option, it's ridiculous having students guess every single answer because they change the rounding in every question. Sometimes it's really hard to say if error lies in a miscalculation or in rounding. The course itself is great, but if you're interested in getting the certificate with a good grade, you will have to invest a lot of time (not learning but struggling with the answers).
Ramy Ghorayeb
4.0
Reviewed Oct 18, 2017The 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
Scott Steele
2.0
Reviewed Aug 12, 2019In the final Case Study, there are key mistakes that Yonsei hasn't bothered to cleanup. I guess they figure it's better for you to waste your time sifting through the discussion boards, where they further compund the problem with more bad information, then it is for them to waste their time getting rid of the errors that they have repeatedly been made aware of.
Brian Towle
3.0
Reviewed Aug 1, 2017Good for financial statements but weak on overall startup valuations in the absence of years of financial statements
Althenayan, Faisal
2.0
Reviewed Feb 14, 2023The course content is good, but presentations are less professional. Also, so many mistakes in the answers and the grading method is totally unacceptable.
Andreas Tirtarianto
5.0
Reviewed Oct 22, 2018Very useful to understanding the valuation using multiple approach
Riccardo Rosa
4.0
Reviewed Sep 11, 20194 stars because you absolutely need to adjust the evaluating system, it's a nightmare to guess what figure it wants to move on.
Julian Vultaggio
3.0
Reviewed Apr 27, 2019Provide some nice templates and follow-up. Could be clearer and assessments are frustrating because of the rounding and issue with correct answer been assessed negatively leading to great loss of time.
Theory could be sometimes supplied as "here is the approached" first rather than an example to get us to understand the approach
Lukáš Konečný
2.0
Reviewed Oct 23, 2016Very basic content, the content in this 5-week course accounts for similar volume as only one week in courses from other universities.
Anand Rao
5.0
Reviewed Apr 11, 2018This 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!
Ryan Williams
5.0
Reviewed Feb 6, 2020Excellent course! I earned a Bachelor of Science in Finance four years ago and wanted to take this course to review essential college level finance concepts and learn how to approach the valuation of startups. After completing this course, I feel ready to apply multiple analysis, venture capital financing concepts, financial statement analysis, and cash flow concepts to my professional development. The professor clearly explains the material with great examples and slides. Quizzes and tests appropriately reinforced what I learned. Highly recommend to all! Thanks Yonsei University!
Simone Salvatori
5.0
Reviewed Dec 4, 2016The 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.
Carlos Javier Barriga Montero
5.0
Reviewed Apr 25, 2019WOW! A very challenging and interesting course. Easy to read and understand. Also great exercises to practice everything you learned.
Fiona Huang
5.0
Reviewed Jun 1, 2017Very clear overall at a pace I (non-financial savvy) can accept. But hope to solution to all questions in the future.
5.0
Reviewed May 20, 2020I tried to cancel my subscription after this amazing course but it says that it has been cancelled. what can i do
Tejas Sharma
5.0
Reviewed Sep 26, 2019Some discrepancies in final case but overall a good course. Learnt a lot! Thanks to Yonsei University.
huiming zhuang
5.0
Reviewed Sep 3, 2018great course to get the basic valuation applications.