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June 6 - 7 & 9 - 10, 2022| [Virtual Masterclass - 7:30pm to 10:30pm IST] Highly strategic workshop to learn how to align numbers and stories for better valuation estimation Register Individual Participants! Request for Group Participation! Limited seats workshop, registration on first-come-first-served basis. Hurry Up! Fazal Misbah : +91 99906 30564 | fazal.misbah@timesinternet.in ABOUT THE MASTERCLASS As we move towards a post-pandemic reality we see that valuing a company, asset or equity for making accurate financial decisions has become more and more difficult. Whether it’s managing a portfolio, preparing for an imminent merger or acquisition, or marveling over the newest dollar figure attached to a tech wunderkind, valuation is the key to parsing and understanding the numbers. ET Materclass brings to you the Valuation Guru, Professor Aswath Damodaran, to give you a deeper understanding of valuation to confidently make financial decisions. Learn the art & science of valuing company & stock In this four-day hands-on workshop, Prof. Damodaran will walk you through the estimation issues and basics of intrinsic valuation, talking about the big picture perspective that has to be brought to the estimation of cash flows, growth rates and discount rates. He will use real companies as lab experiments to bring home the estimation questions that have to be dealt with in valuation. Once Prof. Damodaran has the foundation laid, he will launch an assessment of the loose ends in valuation and talk about valuing control, synergy and cross holdings in companies. Then, he will move on to what he terms as the dark side of valuation, valuing difficult-to-value companies across sectors and across the life cycle. On the last day of the workshop, Prof Damodaran will cover the use and misuse of multiples in relative valuation. Success in investing comes not from being right but from being wrong less often than everyone else.- Aswath Damodaran Register Now p KEY DISCUSSION AREAS BLENDING THE BEST GLOBAL PRACTICES WITH PRACTICAL SESSIONS AND CREATING MEANINGFUL, TECHNOLOGY-ENHANCED LEARNING EXPERIENCES. THIS HANDS-ON WORKSHOP OFFERS TOP MANAGEMENT EXECUTIVES AN UNMISSABLE OPPORTUNITY TO BUILD THEIR BUSINESS VALUATION CAPABILITIES.. DAY 1 | JUNE 6, 2022 * The Discounted Cash Flow Model * Setting up the Model * The Big Picture of DCF Valuation * Valuation Examples * The Discount Rate Question DAY 2 | JUNE 7, 2022 * Risk premiums and Betas * The Cost of Debt * Estimating Cash Flows * Estimating Growth Rates * Estimating Growth Patterns * The Terminal Value * Closing Thoughts on DCF valuation DAY 3 | JUNE 9, 2022 * Loose Ends in Valuation * Cash, Cross holdings and other assets * The Value of Control, Synergy and Transparency * The Liquidity Discount * Employee Stock Options * The Dark Side of Valuation * Valuing young, growth companies * Valuing mature companies in transition * Valuing declining and distressed companies DAY 4 | JUNE 10, 2022 * The Dark Side of Valuation Continued * Valuing cyclical companies * Valuing commodity companies * Valuing financial service companies * Valuing private businesses * Relative Valuation * Deconstructing multiples * Comparable company valuation * Open Q&A WORKSHOP APPROACH PROF. DAMODARAN WILL TAKE YOU THROUGH EXAMPLES AND CASE STUDIES OF SUCCESSFUL VALUATION FROM INDIA AND ABROAD. BY THE END OF THE WORKSHOP YOU WILL LEARN HOW TO ESTIMATE THE VALUE OF ANY BUSINESS, SMALL OR LARGE, PRIVATE OR PUBLIC, IN A DEVELOPED OR AN EMERGING MARKET. YOU WILL ALSO BE ABLE TO PRICE BUSINESSES USING EARNINGS, BOOK VALUE, REVENUE, OR OTHER PRICING MULTIPLES AND COMPARABLES. * Limited participation to ensure ample time for interaction and discussion with Prof. Damodaran * Interaction with Q&A at the end of each session * Opportunity to submitting business problem beforehand for Prof. Damodaran’s input and suggestion * Certificate of participation signed by Prof. Damodaran (soft copy) WHAT YOU WILL LEARNAT THIS UNMISSABLE MASTERCLASS PROF. DAMODARAN WILL TAKE YOU THROUGH 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 WORKSHOP, PARTICIPANTS SHOULD BE ABLE TO – * Value any kind of 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 a restructuring a firm p2 WHO WILL BENEFITA WIDELY DIVERSE AUDIENCE WOULD BE INTERESTED IN THIS WORKSHOP, OWING TO THE WIDE MIX OF VALUATION TECHNIQUES AND APPLICATIONS DISCUSSED IN THIS WORKSHOP. CHIEF FINANCIAL OFFICER AND OTHER FINANCE PROFESSIONALS PRIVATE EQUITY & VENTURE CAPITAL INVESTORS AND INVESTMENT BANKERS EQUITY RESEARCH ANALYST, ANALYSTS INVOLVED IN MERGERS AND ACQUISITIONS PORTFOLIO MANAGERS, SR EXECUTIVE FROM FINANCIAL INSTITUTIONS MASTERCLASS EXPERT Prof. Aswath Damodaran Stern School of Business, New York University Valuation Guru Prof. Aswath Damodaran is the Kerschner Family Chair Professor of Finance at Stern School of Business, New York University, he teaches corporate finance and valuation in MBA and executive programmes. Before joining Stern, he also lectured in finance at the University of California, Berkeley. He earned an MBA and then PhD, both in Finance, from the University of California, Los Angeles. His research interests lie in valuation, information & amp; prices, portfolio management and applied corporate finance. He has written many books on valuation and corporate finance and all of them are highly regarded and frequently referred to by finance students and professionals. Prof. Damodaran is acknowledged globally as The Valuation Guru. He has a dynamic method of explaining valuation tools and techniques which simplify this complex subject to the participants of his MBA and executive programmes. VENUE GRAND HYATT GOA P.O Goa University, Road Aldeia de Goa, Bambolim Goa 403206 REGISTER NOW BEFORE IT GETS TOO LATE This exclusive workshop is open for a very limited number of participants on first come first served basis. * Register 1-2 management representative @ INR 36,000/Participant (Applicable GST – 18%) Click Here * Register 3-4 management representatives @ INR 33,120/Participant (Applicable GST – 18%)Click Here * Register 5 + management representatives @ INR 30,960/Participant (Applicable GST – 18%)Click Here For more information and larger group registration, please contact: AKANSHA GUPTA +91 95825 23738 akansha.gupta@timesinternet.in TANYA SINGH +91 80770 84662 Tanya.singh@timesinternet.in GLIMPSES OF PREVIOUS EVENTS THE ECONOMIC TIMES MASTERCLASS WITH PROF. ASWATH DAMODARAN 1 https://www.youtube.com/watch?v=N06cRk9otNQ THE ECONOMIC TIMES MASTERCLASS WITH DR. RAM CHARAN 2 https://www.youtube.com/watch?v=eSdCCiHyWQA&feature=youtu.be THE ECONOMIC TIMES MASTERCLASS WITH DR. 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