Course description
Valuation Training with Prof. Aswath Damodaran
Prof. Aswath Damodaran is the Kerschner Family Chair Professor of Finance at the Stern School of Business at New York University. Over decades he has created and helped shaped the field of valuation. In our past trainings with him all our participants were enthusiastic with the motivating and dynamic method of delivery as well as the personal interaction.
The objective of the training is to provide the fundamentals of each approach to valuation, together with limitations and caveats on the use of each, as well as extended examples of the application of each. At the end of the seminar, participants should be able to:
- Value any kind of firm in any market, using discounted cash flow models (small and large, private and public)
- Value a firm using multiples and comparable firms
- Analyze and critique the use of multiples in valuation
- Value “problem” firms, such as distressed companies or start ups
- Estimate the effect on value of restructuring a firm
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Suitability - Who should attend?
The mix of valuation techniques and applications provided in this training has attracted a widely diverse audience in our past trainings. In particular, it is useful for:
- Chief Executive Officers, Board Members and Business Owners
- Chief Financial Officers and Other Corporate Financial Staff
- Head of Business Development, Strategy and M&A
- Chartered Accountants, Investment Bankers and Management Consultants
- Equity Research Analysts
- Portfolio Managers
- Business Angels, Venture Capital, Private Equity, and Family Offices
Outcome / Qualification etc.
- Access to live online program
- Interaction with Q&A throughout the live sessions
- Presentation slides (soft copy)
- 3 months free access to our e-library (incl. books by Prof. Damodaran)
- Access to recorded sessions (in case you miss a live session)
- Certificate of attendance signed by Prof. Damodaran (soft copy)
- Digital seal for social media (e.g. LinkedIn)
- approx. 10 CPE Credits
Training Course Content
Session 1
- The Discounted Cash Flow Model
- Setting up the Model
- The Big Picture of DCF Valuation
- Valuation Examples
- The Discount Rate Question
Session 2
- Risk premiums and Betas
- The Cost of Debt
- Estimating Cash Flows
- Estimating Growth Rates
- Estimating Growth Patterns
- The Terminal Value
- Closing Thoughts on DCF
Session 3
- Cash, Cross holdings and other assets
- The Value of Control, Synergy and Transparency
- The Liquidity Discount
- Employee Stock Options
- Challenges in Valuation
- Valuing young, growth companies
- Valuing mature companies in transition
- Valuing declining and distressed companies
- Valuing cyclical companies
- Valuing commodity companies
- Valuing financial service companies
Session 4
- Valuing private businesses
- Relative Valuation
- Deconstructing multiples
- Comparable company valuation
Course delivery details
- Onsite Duration: 12 hours in 2 sessions over 2 days
- Online Duration: 12 hours in 4 sessions over 4 days
Reviews
Average rating 4.8
This was a solid refresher course for me and I wanted to refresh my memory and learn some new concepts. I like interactiveness of the course, although Prof. Damodaran speaks mos...
I followed Prof. Damodaran for 5-6 years and always wanted to see him in a live course, as I wanted to meet the man behind the books I was reading. This IMAA course was priceles...
I have been following Prof. Damodaran for a long time, reading some of his books, his blog and papers. I think that Prof. Damodaran has a “gift” for everything to make sense wit...