Our quarterly valuation update on debt and equity trends, with a spotlight on why infrastructure valuations need a more nuanced view of debt and the cost of equity.
Webinar · Recording · Presented by Ben Morris · 26 October 2023
This quarterly valuation update looks at trends in debt and equity metrics, relying mainly on publicly available information. For equity, it uses our indices of listed infrastructure funds and listed renewable energy funds.
The spotlight topic this quarter is how debt affects equity valuations in the sector. Traditional valuation theory links more debt to more risk, and so to a higher cost of equity. In infrastructure valuations the approach needs to be more nuanced than that.
Hands-on courses in person and online, taught to more than 20,000 people on one modelling standard.
Integrated three-statement models: working capital, funding and valuation. For FP&A, Treasury and Strategy teams. Practitioner-led, in person or online.
View full course details: Financial Modelling for Corporate Finance
Financial Modelling for Acquisition Transactions: a systematic approach to debt modelling, valuation and investment ratios for M&A. Practitioner-led training.
View full course details: Financial Modelling for Acquisition Transactions
Build and sensitise robust cashflow models from scratch, faster in Excel. Hands-on, practitioner-led, in person or online. See dates and book your place.
View full course details: Best Practice Project Finance Modelling
Energy and infrastructure valuation: platform investments
Valuing platform investments in energy and infrastructure.
Country risk in energy and infrastructure valuations
Country risk in energy and infrastructure valuations.
Valuations of energy and infrastructure assets and businesses.
We run public and in-house courses across the full financial modelling curriculum.
