About Bootcamp on Valuation

Professionals who struggle to value companies, assets, or equities accurately, look no further than the Valuation Specialist, Professor Aswath Damodaran for training. With his expertise, any professional may confidently make financial decisions with a deeper understanding of business valuation.

In this boot camp, Prof. Damodaran will guide you through the basics of intrinsic valuation, using real companies as examples to highlight the estimation issues and big-picture perspective needed for cash flows, growth rates, and discount rates. He will then dive deeper into valuing control, synergy, and cross holdings in companies, as well as discussing the difficult-to-value companies across sectors and life cycles. Prof. Damodaran will also cover the use and misuse of multiples in relative valuation.

Program Objectives

Prof. Damodaran provides several fundamental approaches to valuation, their advantages and limitations, and extensive examples of each. At the end of the program, 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.
  • Analyse and critique the use of multiples in valuation.
  • Value “problem” firms, such as distressed companies or start-ups.
  • Estimate the effect on the value of restructuring a firm.

Ideal For

The mix of valuation techniques and applications in this training attracts a range of professionals. 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

Course Content

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

Value of Control, Synergy, & 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

Program Benefits

Interactive Live Virtual Classes by Prof. Damodaran

3 months IMAA membership

All session presentation slides readily available via LMS

ncfm certification,

Access recordings after live sessions

An Additional international certificate in Corporate Credit Analysis

Opportunity for Peer-To-Peer networking among global community of valuation participants

Access e-library including the e-book “Valuation” by Prof. Damodaran

Joint Certificate of attendance signed by Prof. Damodaran

Digital Badge sharable on Social-Media (e.g. LinkedIn)

Program Instructor

Prof. Aswath Damodaran received his MBA and PhD from the University of California in Los Angeles. He teaches 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.


About NSE Academy

NSE Academy Ltd. is a wholly-owned subsidiary of the National Stock Exchange of India Ltd. (NSEIL). NSE Academy enables the next generation of BFSI and FinTech professionals with industry-aligned skills through capacity-building programs and certification courses, powered by an online examination and certification system. The courses are well-researched and carefully crafted with inputs from industry professionals. NSE Academy works closely with reputed universities and institutions across India in building a competent workforce for the future of BFSI and FinTech. NSE Academy also promotes financial education as an essential life skill among youngsters - a contribution towards financial inclusion and wellbeing, visit NSE Academy

About IMAA

The Institute for Mergers, Acquisitions, and Alliances (IMAA) is a not-for-profit think tank for Mergers & Acquisitions which pursues research and provides educational certificate programs, workshops, resources, and expert knowledge in the field of M&A. Founded in 2004, the Institute consists of respected faculty and trainers from around the world who contribute to the research, resource content, and programs. As the leading academic institution for M&A and a globally active institute, the programs offer a wealth of experience and know-how and are the most substantial and complete educational offering in existence. IMAA’s M&A certificate programs are the only internationally broadly recognized education programs and their content is relevant to both developed countries and emerging markets. IMAA participants and institute members represent over 70 countries, including students and junior professionals to board-level executives, and government officials. IMAA is committed to providing excellence in M&A education and research and is dedicated to making mergers, acquisitions, and alliances beneficial for businesses and our participants to succeed with their projects and careers.

  • Established in 2004
  • International Presence
  • Unique Combination of Academics and Practitioners
  • Global Faculty and Experts from the Field
  • Know-how in Developed and Emerging Markets
  • Leading Academic Institution for M&A

Program Fee

90,000/- Plus Taxes

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