Can you build a robust equity bridge?

  • Author:
    Geoff Robinson
  • Level:
    Intermediate to Advanced
  • Study time:
    Always adding content
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Course overview
In this note "Can You Build a Robust Equity Bridge?" the focus is on dissecting the complexities involved in transitioning from enterprise value (EV) to equity value—a process frequently perceived as a straightforward calculation. This conversion, termed as the equity bridge, is far from a mere arithmetic exercise. The research underlines the significance of a profound comprehension of the enterprise value's constituents, stressing that accurate equity valuation hinges on knowing precisely which elements to add or subtract from the enterprise value.

The note addresses the common pitfalls in valuation, such as errors stemming from oversight or duplication, which could potentially arise from a lack of understanding of what is embedded within enterprise-level earnings metrics used in multiple-based valuations. This overview underscores the essential nature of a meticulous approach to the equity bridge to ensure the delivery of a precise and consistent equity value, free from the distortions that could adversely affect investment decisions.

What's included?

  • Fundamental research written by Geoff Robinson
  • Analyst-curated insights
  • Embedded podcasts
  • Embedded videos
  • Downloadable models, where applicable

Who should read this?

This research note is a must-read for financial analysts, investment bankers, and finance students who regularly perform company valuations. It is especially pertinent for those in M&A, equity research, and private equity where accurate valuation is critical. The note provides guidance to avoid common errors and to refine valuation models, thus equipping readers with the insights needed to make informed financial decisions and assessments.

Why TheInvestmentAnalyst.com?

We are the only training house that is able to bring top-ranked analyst experience into your classroom. We buck the trend. Most training businesses recruit junior ex-bankers to become their trainer. Our instructors cut their teeth teaching and then gain senior experience with investment banks.
We believe, you could not be in better hands.

Geoff Robinson FCA FMVA MFM

Thought leader, instructor, writer, financial influencer, Former UBS Managing Director and 8x #1 ranked analysts EMEA Institutional Investor Survey
ABOUT Geoff
Geoff has had a varied career. He was a Managing Director within UBS Equity Research, leading their Global Fundamental Analytics franchise. During this time, he was #1, ranked 8x in the EMEA Institutional Investor Survey. Before UBS, he was a material equity investor and LBO co-investor in two market exited training consultancies. Geoff has a passion for learning and is well-known for his ability to break down complex subject matter and distil it to an audience in a digestible and engaging manner. He brings this passion to TheInvestmentAnalyst.com.