Valuation Guru Aswath Damodaran to Share Insights on Valuation Strategy at VCCircle Training in Singapore
NEW DELHI, April 24, 2013 /PRNewswire/ --
Business valuation is a fluid discipline with different models to capture nuances of a firm or a sector besides multiple variables such as discount rates, cash flows and expected growth. Indeed, there are as many models for valuing stocks and businesses as there are analysts doing valuations.
VCCircle seeks to bring a crash course to its patrons with a two day Executive Seminar at the Hotel Marina Bay Sands, Singapore on the 22nd-23rd of May '13, with the Guru of valuation & corporate finance, Prof. Aswath Damodaran.
Damodaran is the Kerschner Family Chair Professor of Finance at the Stern School of Business at New York University. He has published in the Journal of Financial and Quantitative Analysis, the Journal of Finance, the Journal of Financial Economics and the Review of Financial Studies. He has written four books on valuation and two on corporate finance besides having co-edited a book on investment management with Peter Bernstein, has a book on investment philosophies and one on "can't miss" investment strategies, titled Investment Fables. He also has a book on the relationship between risk and value, which takes a big picture view of how risk management affects value.
The seminar will focus on the basics of each approach to valuation, together with limitations and caveats on the use of each, as well as extended examples of their application. The demarcation of the knowledge sharing during this seminar is broadly divided in the three halves:
The first part of the seminar will establish the basics of discounted cash flow valuation, with a special emphasis on the estimation issues that come up when estimating discount rates, cash flows and expected growth.
The second part of the seminar will begin with looking at valuing difficult to value firms, across the life cycle from young start-ups to firms in distress, which will be then followed by the focus on relative valuation and the sensible ways to incorporate multiples into valuation.
The third part of the seminar will look at option pricing models and their potential use in valuation.
The seminar is a mix of basic valuation techniques and applications, which gives the food for thought to all the Executives involved in PE/VC and M&A Deals, Investment / Fund / Portfolio Managers, Private Equity & Venture Capitalist, Analyst involved in M&A, Equity Research Analyst, CFOs / VPs & Managers, Managing Directors & Senior Management. The registrations are now open, the key takeaways that participants can look forward to from this seminar will be the following:
- Value a firm in any market, using discounted cash flow models
- Value a firm using multiples and comparable firms
- Analyze and critique the use of multiples in valuation
- Value "problem" firms, such as financially troubled firms and start-up firms
- Estimate the effect on value of restructuring a firm
- Tie valuation approaches to investment strategies & philosophies
About The VCCircle Training
Since its launch in June 2011, the training division has organised over two dozen training workshops in finance, legal and regulatory topics targeted at Indian corporate, financial and legal professionals. About 1,000 participants have attended the workshops over last 2 years.
About The VCCircle Network
The VCCircle Network, founded in 2005, is India's leading online financial media and data group. It's owned by Mosaic Media Ventures Pvt Ltd, and is headquartered in New Delhi with presence in Mumbai and Bangalore. The VCCircle Network is relied upon by an influential global community of deal makers, entrepreneurs and professionals for trusted content and information related to Indian investments, M&A, venture capital, private equity, investment banking, public equity, and emerging companies and sectors. For more details, please visit http://www.vccircle.com
SOURCE The VCCircle Network