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Financial Valuation
HEC Paris

Financial Valuation

HEC Paris, Jouy-en-Josas
HomeFinanceHEC ParisFinancial Valuation
12 daysDuration
in-personFormat
EnglishLanguage
FinanceTopic

Next Available Cohort

Choose your preferred start date

Oct 13 - Oct 28, 2026
12 days · in-person · Instructor-Led · Jouy-en-Josas Campus
Open
$20,435

All-inclusive program fee

About This Program

The Certificate in Financial Valuation is designed for executives, high performers, and finance professionals who aim to acquire in-depth knowledge and practical skills in key areas of finance related to corporate valuation. The program focuses on cutting-edge tools and techniques to value corporate projects as well as various types of companies by analyzing both their business risk and the financial risk. It provides a thorough understanding of the risk and return of financial instruments, financial statement analysis, corporate financial policy, the cost of capital, and other topics related to financial valuation. The certificate relies on world-class teaching by outstanding HEC Paris faculty, including renowned researchers with executive-education experience and high-level investment bankers and consultants.

Why HEC Paris?

Few business schools in the world combine the intellectual rigour of a grande école tradition with the kind of executive education infrastructure that genuinely serves senior leaders across industries. HEC Paris has spent decades building one of Europe's most respected leadership development ecosystems — one that draws heavily on research conducted at the school itself, not imported from elsewhere.

Your Profile

  • The program is intended for finance directors in all sectors, current and aspiring corporate executives, bankers and financial services experts, and other experienced professionals: managers who wish to move to a more senior role (CEO, CFO, CIO, COO), executive board members, senior leaders, or private equity venture capital startup/family office founders.

Benefits

  • Acquire in-depth qualitative understanding of financial economics concepts and principles related to valuation.
  • Enhance quantitative skills through hands-on problem solving.
  • Gain intuition for advanced finance concepts, topics, tools, and trends related to valuation.
  • Value a project, company, or conglomerate.
  • Improve business strategies related to valuation.
  • Develop global perspectives and boost networking opportunities.
  • Apply concepts and methods learned during the program to your professional environment.

What You'll Learn

  • Capital Budgeting - Financial assets and markets, stocks and bonds, Time Value of Money, Net Present Value, yield curve, opportunity cost of capital, terminal value, Internal Rate of Return, Payback Period.
  • Risk and Return - Holding period return, expected return, return variance volatility, portfolio risk and return, Capital Asset Pricing Model (CAPM), other asset pricing models.
  • Derivative Securities - Forwards and futures contracts, call options and put options, exotic options, option strategies, implied volatility, hedging price risk.
  • Financial Statement Analysis - Financial statements, ratio analysis, profitability analysis, credit risk analysis, revenue and asset recognition, interpreting financial statements, accounting fraud.
  • Financial Policy - Financial forecasting and dynamics, sustainable growth rate, capital structure, cash reserves, payout policy, dividends and share repurchases.
  • Capital Structure & Cost of Capital - Weighted Average Cost of Capital (WACC), unlevered beta, consumption and investment decisions, capital structure, Adjusted Present Value (APV), Modigliani-Miller theory.
  • Corporate Valuation - Free Cash Flows (FCF), Equivalent Annual Annuity method, pro-forma forecasting, Flow to Equity (FTE) valuation, Capital to Cash Flows (CCF) valuation, risk-neutral valuation, real options, project finance.

Frequently Asked Questions

How to Apply

  1. 1

    Check your eligibility

    Review the entry requirements listed on this page. Most executive programs require 8–15 years of professional experience.

  2. 2

    Compare programs

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  3. 3

    Contact the school

    Send a message directly to HEC Paris via Gradia to request a brochure or speak with an admissions advisor.

  4. 4

    Prepare your application

    Gather your CV, reference letters, and any required test scores. Many EMBA programs waive standardised tests for senior candidates.

  5. 5

    Submit your application

    Apply directly through HEC Paris's official application portal.

    Apply now →

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