Valuation training with
Prof. Aswath Damodaran
About Prof.
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.
Objectives
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
Who Attends
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 info@imaa-institute.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
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
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.
Testimonials
Valuation Trainings with Prof. Damodaran by IMAA
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)
Register Now
Location:
Online
START:
Oct 20
END:
Nov 10
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