Valuation Training With Prof. Aswath Damodaran

The Institute for Mergers, Acquisitions and Alliances

How long?

  • 2 days
  • in person

What are the topics?

The Institute for Mergers, Acquisitions and Alliances

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Reviews

Make sure this course is right for you.

Get unbiased reviews and personalized recommendations.

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 who are valuating their business for public offering, sale or other reasons.
  • Chief Financial Officers and other corporate financial staff, who want to understand the details of valuation, either because they are planning acquisitions or are interested in value enhancement strategies for their firms.
  • Head of Business Development, Strategy and M&A and other employees involved in these activities.
  • Chartered Accountants, Investment Bankers and Management 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

Syllabus

Day 1

  • The Discounted Cash Flow Model
  • Setting up the Model
  • The Big Picture of DCF Valuation
  • Valuation Examples
  • The Discount Rate Question
  • Risk premiums and Betas
  • The Discounted Cash Flow Model
  • Setting up the Model
  • The Big Picture of DCF Valuation
  • Valuation Examples
  • The Discount Rate Question
  • Risk premiums and Betas

Day 2

  • The Discounted Cash Flow Model
  • Setting up the Model
  • The Big Picture of DCF Valuation
  • Valuation Examples
  • The Discount Rate Question
  • Risk premiums and Betas
  • The Cost of Debt
  • Estimating Cash Flows
  • Estimating Growth Rates
  • Estimating Growth Patterns
  • The Terminal Value
  • Closing Thoughts on DCF valuation

Reasons

  • Comprehensible Experience or take a refresher in valuation in-depth – made comprehensible by one of the world’s best and motivating instructors on valuation.
  • Network Network with your peers and industry professionals that face similar challenges when it comes to valuation. A great opportunity to meet old colleagues and make new contacts during this program. In addition we provide access to our global network of other participants from past trainings as well.
  • Continued Education Invest in your continued education! Various professional associations accept this training as Continued Education. Take this training as a stand-alone or have it count towards the completion of our IM&A Certificate and M&AP Certificate programs.
  • Prof Damodaran live Reading books or watching videos is nothing like experiencing and enjoying Prof. Damodaran in the room teaching and interacting with you in person.
  • Great value As we are a non-profit research organization, we offer this training at a very affordable fee – great value for money.

About the course

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 low 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

Course Syllabus

Day 1

Topics on the first day of the training are:

  • The Discounted Cash Flow Model
  • Setting up the Model
  • The Big Picture of DCF Valuation
  • Valuation Examples
  • The Discount Rate Question
  • Risk premiums and Betas
  • The Cost of Debt
  • Estimating Cash Flows
  • Estimating Growth Rates
  • Estimating Growth Patterns
  • The Terminal Value
  • Closing Thoughts on DCF valuation

Day 2

On the second day, the following issues in valuation are explored:

  • 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
  • Valuing private businesses
  • Relative Valuation
  • Deconstructing multiples
  • Comparable company valuation

Schedule

Day 1

  • The Discounted Cash Flow Model
  • Setting up the Model
  • The Big Picture of DCF Valuation
  • Valuation Examples
  • The Discount Rate Question
  • Risk premiums and Betas
  • The Cost of Debt
  • Estimating Cash Flows
  • Estimating Growth Rates
  • Estimating Growth Patterns
  • The Terminal Value
  • Closing Thoughts on DCF valuation

Day 2

  • 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
  • Valuing private businesses
  • Relative Valuation
  • Deconstructing multiples
  • Comparable company valuation

Experts

Aswath Damodaran

Aswath Damodaran holds the Kerschner Family Chair in Finance Education and is Professor of Finance at New York University Stern School of Business. Before coming to Stern, he also lectured in Finance at the University of California, Berkeley. Professor Damodaran received a B.A. in Accounting fro...

Videos and materials

Valuation Training With Prof. Aswath Damodaran at The Institute for Mergers, Acquisitions and Alliances

From  1825 EUR$1,825

Something went wrong. We're trying to fix this error.

Thank you for your application

We will contact the provider to ensure that seats are available and, if there is an admissions process, that you satisfy any requirements or prerequisites.

We may ask you for additional information.

To finalize your enrollment we will be in touch shortly.

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

We are happy to help you find a suitable online alternative.