Introduction

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 Dr. Bala G. Dharan, one of the leaders in the field, the Applied 1-day valuation program is designed to help finance executives, accountants, financial consultants, and investors learn applied business valuation techniques and practices that are needed to successfully implement valuation concepts in practice. Applied techniques and implementation issues are addressed for key valuation steps such as cash flow forecasting, cost of capital and terminal value, and for emerging valuation areas for India such as technology and intellectual property (IP) valuation.

Emphasis is placed on learning valuation techniques and discussing examples of implementation from practice.

COURSE DELIVERY

The programme will be highly interactive. Overview:

  • The material will be presented using lecture, class exercises, and case analysis 
  • Active learning via class discussions by participants will be emphasized
  • Participants will also work in-class on selected problems and cases in small groups
  • Personal Learning in which delegates consider next steps for their business
  • Participants receive a Personal Workbook filled with planning tools and practical tips

Why Should You Attend?

  • Get the inside track of cash flow forecasting
  • Learn critical principles of valuation
  • Understand difference between valuation of Traditional vs Tech Startups
  • Deep dive into Intellectual Property Valuation
  • Using value multipliers and comparable transactions
  • Quality-of-earnings analysis and preparing normalized earnings for financial due diligence
  • Off-balance sheet liabilities, complex financing methods, and their relevance for valuation
  • Applied techniques for the valuation of technology companies and intellectual property
  • Taxation considerations for business combination and valuation
  • Transfer pricing and taxation applications of valuation techniques

Who Should Attend?

  • Equity research professionals
  • Corporate Financial Officers
  • GM/VP/AVP/Manager M&A
  • CFOs, Treasurers and Senior Finance Executives
  • Executives of M&A Team
  • Directors of Strategic Planning
  • Commercial Bankers
  • Portfolio Managers -Corporate Restructuring
  • Fund Managers

Agenda

Session 1:- Course Introduction; Valuation: The Big Picture

  • Introduction
  • Walk-through of an M&A example to illustrate the valuation methodologies and approaches used

Session 2:- Estimating Cash Flows & Financial Statements; Estimating Growth

  • Cash flow forecasting basics
  • Forecasting revenue and income statement
  • Forecasting capital expenditures (capex) and other investment requirements
  • Cost of capital determination

Case study: - Cash Flow Forecasting & Valuation

Session 3:- IP Valuation, Stock Market Valuation & Alternative M&A transaction structures

  • What is different and special about tech company valuation
  • Valuation of intellectual property (IP)

Case study: - Tech company valuation in a recent financing round
Case study: - IP valuation in a recent M&A

Session 4:- Valuation using value multipliers and comparable transactions

  • Why value multipliers work
  • How to relate value multipliers to DCF and other valuation approaches

Session 5:- Valuation and Taxes; New Economy and Valuation

  • Incorporating taxation considerations in valuation analysis
  • Walk-through examples of deal structuring alternatives and how they affect taxes
  • Looking forward: New economy and valuation; Q&A on what lies ahead

Expert

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Bala G. Dharan

Managing Director, Berkeley Research Group

Want to be part of it?

VCC Events opens up the avenues for participation. Join hands to be a part of India’s largest gathering of alternative investments leaders, industry stakeholders and Asia’s influential limited partners, general partners and marquee advisors. Your chance to actively participate and augment yourself as thought leaders.


Register

Program Fee


Venue :

Mumbai

Date: 16 june 2020


Do you have any queries?

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