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
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
KEY FACTS & FEES
Participants are required to have a basic understanding of financial and strategic concepts. Ideally participants have previous knowledge in courses in covering financial and business related topics on a university level. For more information, please send an email to firstname.lastname@example.org
There is no advance preparation required. However, participants are encouraged to review basic financial and business concepts before attending the training.
Programs are offered as QAS Self Study
Approx. 10 CPE Credits
- 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
- 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
Experience or take a refresher in valuation in-depth – made comprehensible by one of the world’s best and motivating instructors on valuation.
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.
Carlos Gutiérrez, FRM
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 within a valuation, while keeping it simple and transparent. During my career of more than 20 years as a fundamental institutional investor, I have dealt with extreme scenarios like the 2000 Internet bubble, 2007/2008 GFC, QE, negative interest rates, COVID-19, etc. I think it is convenient to come back to fundamental basics, from time to time.
The online classroom was quite dynamic, with different profiles and interesting discussions. Prof. Damodaran is an excellent communicator and perfectly manages the time and attention to capture the audience. I found the course useful. I was afraid it was too basic but, on the contrary, it is quite actual, and it helped us to better undertake valuations of non-traditional businesses and startups, always from a fundamental and common-sense perspective.
I strongly recommend the course, both to junior practitioners to strengthen the basic pillars of valuation, and to senior professionals as a healthy upgrade of the valuation foundations and its application to new businesses.
Professor of Finance at NYUWatch Video
Prof. Aswath Damodaran
Chief Financial Officer at Uster TechnologiesWatch Video
This training gives us an insight how to cover upcoming question or upcoming issues in valuation and within transactions. We can be credible to our clients that we are using the latest know-how within our projects.
Evgeni Kanev, PhD
It is important to us because it gives us lots of insights as to how value for example companies in difficult situations, companies that are expected to generate synergies when we acquire them, how to estimate synergies, not to double count for certain aspects of valuation.
Chief Operating Officer at NovaremedWatch Video
Financial ConsultantWatch Video
Andre Lopez Mejia
Project Leader Business Development at OerlikonWatch Video
Director Marketing M&A at Robert BoschWatch Video
Dr. Stephan Zwerschke
Property Project ManagerWatch Video
Juergen Lanzer, CFA
Upcoming Trainings with Prof. Damodaran
Enjoy a valuation training (12 hours = equivalent to a 2 day onsite training) live with Prof. Aswath Damodaran online.
The training sessions will be held on Oct 20, Oct 27, Nov 3, and Nov 10 from 7-10 am PST / 10 am - 1 pm EDT / 3-6 pm UK / 4-7 pm CET
Prices in USD: 1'290 (Early bird: 990)
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