Web Class

Global Discounted Cash Flow (DCF) -  Three Part Web Class Series

• 4.5 Hours Formal CPD

Online

From £181.50 + VAT

Included in RICS Qualification Package

Overview

Discounted cash flow (DCF) is a valuation model used by investors and advisors to give the present value of an asset where the forecasted cash flow of the asset is discounted back to the valuation date. An explicit discounted cash flow model uses predicted input changes, such as growth, costs and required discount rates.

Globally, markets and industries use explicit DCF models in different ways. It is quite common for investors and their advisors to use DCF to calculate the worth of an asset to them.

Web class format

This is an online three part series, where you will have plenty of opportunity to put your knowledge into practice through discussion and examples.

Web Class	Focus
Part One	Price, Value and Worth The Valuation Review - Concepts & Recommendations (Implicit and Explicit Models, Valuation & Calculation of Worth)
Part Two	DCF for Market Valuations Explicit DCF Models - Yields, Comparables - Mark to Market (The Variables for DCF Explicit Models, Analysis & Application)
Part Three	Advanced DCF Cash Flows Explicit DCF Models: Cash Flow, Consistency & Conclusions (Case Studies - Duration, Exit Yields and Quarterly in Advance)

Learning outcomes

Explain what discounted cash flow (DCF) is and how it works
Describe why DCF is important for valuers and how the valuation basis impacts its use
Appraise sectors/assets where the use of the DCF model will appropriate
Understand and derive discount rates and exit value
Consider and calculate risk measurement
Use DCF in day to day examples

Trainer

Professor Nick French

Real Estate Valuation Theurgy, Chair, RICS Global Valuation Standards Expert Working Group

Nick French has been involved in the education of property valuers for over 40 years. He has contributed to, or has been the principal author of, numerous RICS Information Papers and Reports on the use of Explicit DCF models. He is currently the chair of the RICS Global Valuation Expert Working Group that administers and oversees all RICS Valuation publications. In this role, he was part of the RICS Valuation Review Implementation Committee that has resulted to the changes to the RICS Valuation Standard (The Red Book) and, in the context of this course, the encouragement and increase of the use of Explicit DCF models where appropriate.

June schedule

05/06/2024 | 09:30 - 11:00 (BST)
12/06/2024 | 09:30 - 11:00 (BST)
27/06/2024 | 09:30 - 11:00 (BST)

October schedule

02/10/2024 | 09:30 - 11:00 (BST)
08/10/2024 | 09:30 - 11:00 (BST)
16/10/2024 | 09:30 - 11:00 (BST)

Price

RICS Members

£181.50 + VAT

Non-RICS Members

£245 + VAT

Development or Qualification Package Subscriber

Free

Group discounts

Book three or more places and get 5% off
Book six or more places and get 10% off
Book eight or more places and get 15% off
Book 26 or more places and get 20% off
Book 51 or more places and get 25% off
Book 101 or more places and get 30% off

Only one discount available per booking. This cannot be used in conjunction with any other offer from RICS. Please note the group booking discount will not be applicable with the Early Bird rate (if any).

To benefit from the group discounts, please email training@rics.org or call +44 (0) 2476868584.

Frequently asked questions

A webclass is a series of 2 or more online classes that occur at a specific time. The structure is lecture based, but depending on the subject, there will be exercises and questions you are asked to answer. At the end of each class will be a Q&A session with the speaker.

Those working in the valuation sector, investment or advisory.

The classes are recorded on add to an online area, called the Online Learning Academy. You will have access to this area after enrolment.

Each class lasts a maximum of 1.5 hours. The last part of each class is a Q&A session.

From £181.50

+ VAT

Included in RICS Qualification Package