Business Valuation Amid Crisis with Aswath Damodaran

World is facing one of the most difficult times ever. Markets have tanked and major economies have slipped into recession. Due to Covid19, economies were forced to lock down and almost all the sectors were severely affected across the world. There has been a major markdown in Valuations of companies from the pre covid era. This 4 day workshop will focus on impact on Valuation due to Covid 19. Although basic never changes but situations do, with help of case studies and data we try to understand the impact.Further, we hope to emphasize the shared foundations of valuation approaches and how to bridge differences among them. We will also 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. Workshop will also 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 last part of the workshop will examine relative valuation, i.e., the valuation of assets/businesses by looking at how similar assets/businesses are priced by the market.

Aswath Damodaran is the Kerschner Family Chair Professor of Finance at the Stern School of Business at New York University. He teaches the corporate finance and valuation courses in the MBA program. He received his MBA and Ph.D from the University of California at Los Angeles. His research interests lie in valuation, portfolio management and applied corporate finance. 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.

Day 1

Day 2

Day 3

Day 4