Master the Numbers That Actually Matter
Look, valuation isn't about memorizing formulas. It's about understanding what drives value in real companies—and being able to defend your analysis when someone challenges your assumptions.
We've been teaching financial analysts in Asia-Pacific markets since 2019. Most of our students come to us because they're tired of theoretical courses that skip the messy parts of actual valuation work.
Our next cohort starts in September 2025. We keep groups small—usually around 12 people—because valuation skills develop through discussion and critique, not passive watching.
Talk to Us About Your Goals
How We Approach Teaching Valuation
After years of running these courses, we've figured out what actually helps analysts get better at this work. It's less about coverage and more about depth.
Real Company Cases
You'll work through valuations of actual Asian companies. Sometimes your analysis will be way off—that's when the real learning happens. We use recent cases from 2024 and early 2025 that are still fresh enough to matter.
Assumption Defense
Every session includes peer review where you defend your assumptions. It's uncomfortable at first. But this is exactly what you'll face in actual work—explaining why your growth rate makes sense or why your WACC calculation is reasonable.
Method Selection Logic
DCF isn't always the answer. Neither are multiples. We spend serious time on when to use which approach and how to triangulate between methods. This is the judgment part that separates decent analysts from good ones.
What You'll Actually Learn to Do
By the end of our program, you should be able to build a defensible valuation model from scratch. That means knowing what adjustments to make to reported financials, how to project realistic cash flows, and when your discount rate assumptions are reasonable.
We cover DCF modeling, comparable company analysis, and precedent transactions. But more importantly, we talk about when each method will mislead you and how to spot when your model is giving you garbage results.
Our October 2025 program includes specific modules on valuing Taiwan and Southeast Asian companies, where accounting standards and market conditions create unique challenges.
Who Teaches This Stuff
Both of us spent years doing valuation work before we started teaching. We know where the textbook explanations break down because we've been there.
Lukas Bergström
Lead Valuation InstructorI worked in equity research at a regional bank for eight years before starting to teach. Covered tech and consumer companies across APAC. The transition to teaching happened because I kept getting asked to train junior analysts—and realized I liked that part more than writing research reports.
Davit Khachatryan
Corporate Finance InstructorMy background is M&A advisory and corporate development. Did valuations for transaction support—which means I learned the hard way that your model needs to survive due diligence scrutiny. I started teaching in 2021 and focus on helping students understand the practical constraints that shape valuation work.
Is This Program Right for You?
Here's how to think about whether our approach makes sense for where you are in your career.
You Already Know Basic Finance
We assume you're comfortable with financial statements and basic corporate finance concepts. If you need to look up what EBITDA means or how to calculate WACC, you're probably not ready for this course yet. That's not a judgment—just being realistic about where we start.
You Want to Get Better at Analysis
This program works best for people who already do some analytical work and want to improve their valuation skills specifically. Maybe you're in FP&A and want to move to equity research. Or you're doing credit analysis and need stronger equity valuation capabilities.
You Can Commit the Time
Our fall 2025 cohort runs for 14 weeks with classes twice a week. Plus homework—usually 4-6 hours per week. If you can't consistently make that time commitment, you won't get much value from the program. Better to wait until your schedule allows it.
Ready to Improve Your Valuation Skills?
We're accepting applications for our fall program now. Class size is limited to 14 participants, and we typically fill spots by mid-July.
The application process is straightforward—we just want to understand your current role and what you're hoping to get better at. No essays or complicated forms.
If you're not sure whether this makes sense for you, schedule a call. We'd rather have that conversation now than have you sign up for something that won't meet your needs.