Valuation Training
with Prof. Aswath Damodaran
Training in numbers:
Live Sessions
0
+
Hours teaching
0
+
Satisfied participants
1000
+
Prof. Aswath Damodaran
He received his MBA and PhD from the University of California at 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. His research interests lie in valuation, portfolio management and applied corporate finance. He has published papers in the Journal of Financial and Quantitative Analysis, the Journal of Financial Economics and the Review of Financial Studies. He has published several books on valuation and corporate finance.
VIRTUAL LIVE
30
approx hours
US $
1,290
fees
PARTICIPANT TESTIMONIALS

Carlos Aizpurúa
- Executive Vice President
- CEO Advisors
I trusted the combination of the IMAA and Prof. Aswath Damodaran, known as the “Dean of Valuation”

Brad Albert
- Manager, M&A Integration
- Salesforce

Dr. Jürg Stucker
- Partner
- Oaklins

Carlos Gutiérrez, FRM
- Head of Equity
- Dunas Capital

Subhasis Roy
- Chief Operating Officer
- Novaremed

Peter Huber
- Chief Financial Officer at Uster Technologies

Lorenzo Brandi
- Project Leader Business Development
- Oerlikon

Dr. Stephan Zwerschke
- Director Marketing M&A
- Robert Bosch GmbH

Thomas Hartzsch
- Private Equity at Freemont Management
Benefits of Certified Valuation Training
- Access to live online program
- Interaction with Q&A throughout the live sessions
- Presentation slides (soft copy)
- 3 months free access to our e-library (incl. Prof. Damodaran's book)
- Certificate of attendance signed by Prof. Damodaran (soft copy)
- Access to recorded sessions (in case you miss a live session)
- Digital seal for social media (e.g. LinkedIn)
- Approx. 10 CPE Credits
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
Syllabus
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.
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
Who Participates
While you will meet an international mix of participants from various industries, the Mergers and Acquisitions program is designed for mid-management to senior executives in the C-Suite, directors of public and private companies, board leaders, and heads of strategy and corporate development. It is also geared toward advisers, investment bankers, transaction lawyers, and private equity investors. Individuals and teams are welcome to attend.
- Click to expand
No events are scheduled at this time.

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