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Making Sense of Company Valuation


French Chamber Meeting Room, 541 Orchard Road, #09-01 Liat Towers
238881

Evenement réservé aux membres
Langue : English

Date limite d'inscription :
Mercredi 23 Octobre 2019 - 10H00

Tarif :
Member rate: SGD$ 10

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A Simple and Objective Way to Assess Valuation Multiples

 

Companies are very often valued using a given multiple of their results. For instance, one will usually say: “Companies in these industries are paid ten times their profits”, or “The owner wants twelve times the EBITDA”…

To which anyone with common sense will reply : “why ten times ? why not twelve ? or twenty ? or two ?”

The discussion which generally follows, circles around market practice, and comparable companies being valued at such levels.

But, as we used to be told when we were kids : “Comparison is no reason”.

However, true intelligence of what the valuation multiple method really means can make it a superb and very objective tool to assess both the operational performance of a company and its value, based on hard facts. As a consequence, multiples can provide deep understanding of the intrinsic drivers of value and strategy of a company, and, ultimately, better negotiate its price.

How ?

Nicolas Lebard, Managing Director - Head of Singapore, Tiro Capital, will tell you on 23rd October, at the Chamber of Commerce …

 

Participants will learn:

  • The fundamental logic underlying the valuation of a company using market or transaction multiples
  • What is precisely the link between the value of a company and its 5 key operational characteristics
    1. Growth
    2. Operational Margin
    3. Capital Intensity and yearly capex consumption
    4. Working Capital
    5. and Tax
  • Through this, a new way to ground a company valuation discussion on objective facts instead of dubious comparisons

 

This session is for CEOs, CFOs, M&A lawyers, Business Owners, Private Equity professionals, and anyone having a direct or indirect interest in understanding how to value a business!

 

About the speaker:

Nicolas Lebard, Senior Managing Director, Head of Singapore - Tiro Capital

Nicolas established and leads Tiro's presence in Singapore, where he is based. He has a deep and extended network in all the major ASEAN countries, having lived in the region for more than 12 years, both in Kuala Lumpur and in Singapore. He has been involved throughout his career, both as an advisor and as a senior executive, in deals spanning a vast array of industries and sectors.

Nicolas has a unique expertise at the crossroads of M&A origination and execution, entrepreneurship, corporate strategy and development, with a deep knowledge of Asia, all of which provides an intimate understanding of clients’ practical challenges and an operational understanding of their needs.

Prior to joining Tiro, Nicolas was Managing Director at InVivo Asia, a global group active in agriculture, animal nutrition and health, retail and wine. At InVivo, Nicolas built a development and trading platform through internal and external growth. Prior to joining InVivo, he was a Managing Director at trading company ED&F Man based in Malaysia. In Europe, he started his career in the Investment Banking Division at Morgan Stanley in London and later joined Rothschild in Paris where he led numerous M&A, capital raising and restructuring deals. Prior to leaving Europe for Asia, Nicolas also created, developed and sold a software company, VisioSpace, active in the imaging and streaming fields.

He is a graduate of HEC (1991) and also holds a Bachelors degree in Law from the Paris V University

Terms & Conditions

  • This event is for members only.
  • Full payment is required upon registration. 
  • Once paid, registration fees are non-refundable.
  • No shows will not be refunded.
  • Please note that photographs and videos may be taken during the event for news and publicity purposes.

 

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