Masterclass on business Valuation with Aswath Damodaran 25-26th May 2017

There are as many models for valuing stocks and businesses as there are analysts doing valuations. While we often talk about the differences across valuation models, we seldom talk about what they share in common. In this seminar, we hope to emphasize the shared foundations of valuation approaches and how to bridge differences among them. The first part of the seminar will cov er the discounted cash flow valuation, and the estimation issues that come up when estimating discount rates, cash flows and expected growth. In addition, it will look at value enhancement through the prism of discounted cash flow models. The second part of the seminar will focus on what we term the loose ends in valuation and follow up by looking at “difficult – to – value” companies across the spectrum (life cycle, sectors). The third part of the seminar will examine relative valuation, i.e., the valuation of assets/businesses by looking at how similar assets/businesses are priced by the market

WHO SHOULD ATTEND:

• The mix of basic valuation techniques & applications provided in this seminar will
  appeal to a widely diverse audience.
• Equity research analysts, who are interested in examining alternatives to the
  multiples that they use or the linkage to discounted cash flow models
• Corporate- financial officers, who want to understand the details of valuation, either because they are planning acquisitions or are interested in value enhancement strategies for their firms
• Analysts involved in mergers and acquisitions, who would like to acquire a wider repertoire of valuation skills
• Portfolio Managers- who are interested in the effects of corporate restructuring
  on firm value, and the impliations for portfolio management.
• Anyone interested in valuation