Advanced Valuation

$2,200.00
Advanced Valuation

Advanced Valuation

$2,200.00
Overview

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. Taught by Professor Aswath Damodaran, one of the leaders in the field, Advanced Valuation is for analysts, financial officers, and portfolio managers seeking a deeper understanding of valuation, and the skills and knowledge to confidently make financial decisions.

Through video lectures, live online meetups, and a hands-on valuation project, students will learn how to estimate the value of any business, small or large, private or public, in a developed or an emerging market. They will also be able to price businesses using earnings, book value, revenue, or other pricing multiples and comparables.

This course includes a free bonus course for students looking to enhance their accounting skills: Essentials of Financial Accounting taught by NYU Stern Professor Amal Shehata.

Course Trailer



 


Online Learning Experience

Our online certificate courses are asynchronous with optional synchronous elements. Asynchronous activities are things you do independently, like watch videos and complete assignments, and interactions with others over time via email, discussion forums, collaborative documents, and other channels. Synchronous learning includes interacting with other students and faculty in real time. Our courses are designed by educational experts from our Learning Science Lab to deliver courses that are designed with attention to user experience, learning science, and video production to build immersive digital learning environments for business school education.



Software/Technical Requirements
  • Desktop or laptop computer (This program does not support mobile devices, including tablets and iPads)
  • A webcam and headset (preferred) or microphone for online meetups
  • Broadband/high-speed Internet (1.5 Mbps minimum/3 Mbps preferred) to ensure your ability to participate fully in online meetups
  • Operating System: Mac OS 10.14 or Windows 10 or later
  • Browser: Safari 12.0.2, Chrome 72.0.3626, Firefox 65.0.1, or Internet Explorer 11 or later

  • Certificates and Credits

    This course is a non-credit, pass/fail program. To pass this course, you will need a cumulative score of at least 55%. Upon successful completion of this course, participants will receive the NYU Stern Certificate in Advanced Valuation.

    Program Takeaways

    During this course, participants will:

    • Business Value Estimation

      Gain the skills needed to estimate the value of any business, small or large, private or public, in a developed or an emerging market.
    • Pricing Methodologies

      Learn to use earnings, book value, revenue, or other pricing multiples and comparables to price any business.
    • Data-Driven Storytelling

      Grow your confidence with numbers and develop the storytelling skills you need to complement your numerical skills.

    Who Should Attend

    Although there are no formal education or background requirements, this course is designed for participants who meet the criteria below. While we strongly encourage global participation, please note that all courses are taught in English. Proficiency in written and spoken English is required.

    • Years of Experience

      Participants with all levels of work experience are welcome to attend
    • Job Functions

      Ideal for analysts, financial officers, and portfolio managers
    • Prerequisites

      Intended for individuals with knowledge of financial statement analysis, basic statistics, time value of money, and Microsoft Excel; additionally, students must have a desktop or laptop computer with an internet connection

    Agenda

    The following agenda is a sample and subject to change.

    Course Access

      In order to access the course, you will receive login credentials via email on the start date of the course. Activation instructions for your login credentials will be provided.

    Live Online Meetups with Faculty

      Our live online meetups provide you with the opportunity to engage face-to-face with Professor Damodaran. Please note that all online meetups are recorded and available for your viewing at a later time. Missing a meetup will not impact your grade, however, we recommend attending all sessions.

    Workload

      Please expect to invest about 10 to 15 hours of your time per week to course lessons, exercises, and assignments.

    Week 1: Jan. 22, 2024

    • Course Introduction
    • Valuation: The Big Picture
    • Introduction to Intrinsic Value

    Week 2: Jan. 29

    • The Risk Free Rate
    • The Equity Risk Premium
    • Relative Risk Measures
    • The Costs of Debt and Capital

    Week 3: Feb. 5

    • Estimating Cash Flows
    • Estimating Growth
    • Live Online Meetup 1: Feb. 6, 10am ET

    Week 4: Feb. 12

    • Terminal Value
    • Value Enhancement
    • Quiz 1: Feb. 16

    Week 5: Feb. 19, 2024

    • Loose Ends 1: From Asset Value to Equity Value
    • Loose Ends 2: Acquisition Ornaments

    Week 6: Feb. 26

    • Loose Ends 3: Dilution & Illiquidity
    • Narrative to Numbers: Connecting Stories to Value
    • Live Online Meetup 2: Feb. 27, 10am ET

    Week 7: Mar. 4

    • The Pricing Imperative: Relative Valuation
    • The Most-Used Multiple: PE Ratio

    Week 8: Mar. 11

    • Other Earnings Multiples
    • Book Value Multiples
    • Quiz 2: Mar. 15

    Week 9: Mar. 18, 2024

    • Revenue Multiples and Mopping Up
    • Asset Based Valuation
    • Live Online Meetup 3: Mar. 19, 10am ET

    Week 10: Mar. 25

    • Private Company Valuation
    • The Essence of Real Options

    Week 11: Apr. 1

    • The Option to Delay
    • The Option to Expand & Abandon
    • Live Online Meetup 4: Apr. 2, 10am ET

    Week 12: Apr. 8

    • Valuing/Pricing Start-Ups & Young Companies
    • Valuing/Pricing Declining & Distressed Companies

    Week 13: Apr. 15, 2024

    • Valuing/Pricing Financial Service Companies
    • Valuing/Pricing Cyclical & Commodity Companies
    • Live Online Meetup 5: Apr. 16, 10am ET
    • Quiz 3: Apr. 19

    Week 14: Apr. 22

    • Valuation: Looking Back & Looking Forward

    Week 15: Apr. 29

    • Final Exam: May 4

    Week 16: May 6

    • Live Online Meetup 6: May 7, 10am ET

    Week 17: May 13

    • Final Project: May 17

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