There are as many models for valuing stocks and businesses as there as analyst 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 apporaches and how to bridges among them. The first part of the seminar will cover 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 valuations, i.e., the valuation of assets/businesses by looking at how similar assets/businesses are priced by the market.
WHY YOU SHOULD ATTEND
- 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 financially troubled firms and start – up firms.
- Estimate the effect on value of restructuring a firm.