Master Financial Valuation from the Ground Up
A practical 8-month program designed for analysts who want to build genuine expertise in modern valuation techniques
Whether you're starting fresh or refining existing skills, this program walks you through real-world valuation scenarios. We skip the fluff and focus on what actually matters when you're analyzing companies in Vietnam's evolving market.
Explore Program DetailsWhy Most Analysts Struggle with Valuation
After working with dozens of finance professionals across Ho Chi Minh City, we've noticed patterns. Same obstacles keep appearing. Here's what we tackle head-on.
Getting Lost in Theory
You've read the textbooks. Watched the videos. But when it's time to build an actual model for a Vietnamese manufacturing company, nothing quite fits. The theory feels disconnected from the messy reality of emerging markets.
Missing the Context
Standard valuation approaches assume stable economies and transparent reporting. Vietnam's market has its own rhythm. Currency considerations, regulatory shifts, and family-owned business structures create unique challenges.
Analysis Without Judgment
You can run the formulas. Calculate WACC. Build sensitivity tables. But knowing when a valuation makes sense versus when it's garbage? That's the hard part. The part that separates decent analysts from trusted advisors.
Outdated Methods
Some training programs teach you techniques from 1995 and call it comprehensive. Meanwhile, new approaches to valuing intangibles, digital revenue streams, and ESG considerations are reshaping how sophisticated investors think about value.
What You'll Actually Learn
Eight months. Six core modules. Dozens of real cases. This isn't a certificate program where you watch videos and take multiple-choice tests. It's intensive, hands-on training that builds genuine capability.
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Financial Statement Deep Dive
Before you can value anything, you need to read financials like a detective. We spend six weeks learning to spot earnings manipulation, understand cash flow quirks, and reconstruct economics from imperfect disclosures. Vietnamese GAAP versus IFRS? We cover both.
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DCF Modeling Fundamentals
Build proper discounted cash flow models from scratch. No shortcuts. You'll forecast revenue, margins, capex, and working capital for different business types. Then learn to pick discount rates that actually make sense given local market conditions and company-specific risks.
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Comparable Company Analysis
Trading multiples seem simple until you try to pick the right peer group. Or adjust for differences in growth, profitability, and risk. We practice identifying true comparables, normalizing metrics, and explaining why your valuation makes sense to skeptical stakeholders.
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Sector-Specific Techniques
Real estate needs different methods than tech startups. Banks require specialized approaches. Retail has its own considerations. You'll rotate through major sectors, learning how to adapt core principles to industry specifics and emerging business models.
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Risk Assessment and Scenario Planning
Single-point estimates are fiction. Learn to build probability-weighted scenarios, stress test assumptions, and communicate uncertainty honestly. We cover Monte Carlo simulation, decision trees, and practical approaches to sensitivity analysis that actually inform decisions.
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Communication and Presentation
Perfect analysis that nobody understands is worthless. Final module focuses on building clear investment memos, presenting to non-technical audiences, and defending your work under questioning. You'll practice until it feels natural.
Program runs from September 2025 through April 2026. Sessions meet twice weekly in the evenings, with weekend workshops once monthly. All materials provided in English, with examples drawn from HOSE, HNX, and regional markets.
Who Teaches This Program
Four practitioners who've spent years valuing companies across different contexts. They're here because they enjoy teaching, not because they need another credential to list.
Thiago Verlinden
Lead Instructor
Spent 11 years doing equity research for institutional investors. Now splits time between advisory work and teaching. Strong opinions about discount rates.
Saskia Maarleveld
Corporate Finance Specialist
Former investment banker who moved to corporate development. Teaches the M&A and transaction valuation modules. Actually enjoys working with messy data.
Henrik Lundqvist
Modeling Expert
Built financial models for private equity firms across Southeast Asia. Handles the technical Excel training and scenario analysis sessions. Unreasonably good at debugging broken spreadsheets.
Amélie Dufort
Sector Analysis Lead
Covers sector-specific valuation approaches. Background in both real estate and technology valuations. Brings case studies from actual deals she's worked on.