The prevailing business and economic situation affects a company’s valuations. The value of a company is determined with the help of professional insight, along with an in-depth knowledge of valuation techniques and methodologies. Knowing what an asset is worth and what determines that value is a pre-requisite for intelligent decision making -- in choosing investments for a portfolio, in deciding the appropriate price to pay or receive in a takeover and in making investment, as well as financing and dividend choices while running a business. We can make reasonable estimates of value for most assets, and the same fundamental principles determine the values of all types of assets, real as well as financial.
This introduction offers insights into the valuation process and outlines the role that valuation plays in portfolio management, acquisition analysis and corporate finance. In finance, valuation analysis is required for tax assessment, business analysis, basic bookkeeping and accounting, etc.
During the two-day workshop, all sessions will have a highly technical content with workshops catering to all levels of experience. The workshop aims to provide a comprehensive knowledge on how to make valuation on companies and businesses.
Why Is It Different?
The workshop will include case studies of actual corporations and how valuation methods influence their strategy, as well as hands-on exercises, and will give participants the opportunity to demonstrate their understanding of techniques through presentations and discussions. Delegates will actively take part in workshop and make all calculations individually, guided by experts.
Why You Should Attend?
The objective of this study is to provide 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, participants should be able to –
• Understanding the Valuation Process
• 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 startup firms
• Estimate the effect on value of a restructuring a firm
Who Should Attend?
This is a serious Workshop created for ambitious up-and-comers and even seasoned practitioners who want to bolster their skills to create and maintain a thriving practice. The mix of basic valuation techniques and applications provided in this study should appeal to a widely diverse audience. In particular, it should be useful for
• Equity research professionals
• Corporate Financial Officers
• GM/VP/AVP/Manager M & A
• Portfolio Managers -Corporate Restructuring
• Commercial and Investment Bankers
• Securities Analysts
• Investment Officers
• Corporate Treasurers
Day 1
Session- 1: Business Valuation – An important driver of business decisions in the current business/regulatory context
· Typical process followed for valuation projects
· Understanding company valuation situations
· How to read, interpret and understand a valuation report
· Common mistakes found in valuation reports
Session – 2: Valuation – A perspective
· Generally adopted approaches and methods for valuation including:
· Multiples (PE, EV/EBITDA, PEG, NAV etc.), DCF method and Dividend discount, and their application.
· Practical challenges in valuation of Business/Companies
· Choice of valuation approaches
Session – 3: Intangible Asset Valuation
· Introduction to Intangible assets
· Commonly valued intangible assets – brands, patents, customer relationships, others
· Methods of valuing common intangible assets
· Case studies: practical elements of intangible asset valuation
Day 2
Session – 4: Valuation for Accounting purposes (IFRS / USGAAP)
· What is ‘Fair Value’?
· Recent developments – Fair Value Convergence
· Fair Value in a Company’s life cycle
· Companies Act 2013 – Valuation Considerations
Session – 5: Valuation of E-Commerce Companies
Session – 6: Learning from experiences – valuation of companies in different stages of growth
· Case study focused on Valuation of Startup / Early stage
· Case study focused on Valuation of Growth phase
· Case study focused on Valuation of Matured companies
· Case study focused on Valuation of Distressed Companies/ Winding up phase
Closing Remarks
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.
Mumbai
Vivanta by Taj – President
90, GD Somani Road, Cuffe Parade
Mumbai -400005
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