Prof. Aswath Damodaran
Aswath Damodaran is the Kerschner Family Chair Professor of Finance at the Stern School of Business at New York University. He received his MBA and PhD from the University of California in Los Angeles. He teaches the corporate finance and valuation courses in the MBA and executive programs. Being at NYU since 1986 he has received the Stern School of Business Excellence in Teaching Award and is considered the world’s foremost valuation expert.
Prof. Damodaran’s research interests lie in valuation, portfolio management and applied corporate finance. He has published several books on valuation and on corporate finance including: Applied Corporate Finance, Damodaran on Valuation, and Investment Valuation.
Two day intensive workshop featuring Prof. Damodaran. Courses run each day from 8:00–16:30.
Normal Fee: €1890 Early Bird: €1590, ends April 30th
Training with Substance
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 & large, private & 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
More specificaly, the following topics will be addressed:
Day 1 Topics
» 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 Topics
» 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
Who Takes Our Training?
IMAA trains and cooperates with a wide variety of professionals including CEOs, CFOs, corporates, investment bankers, chartered accountants, legal and financial advisors from reputable organizations including:
Hosted in Cooperation with: