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, the Advanced Valuation certificate course 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 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.

Course Curriculum

  • 1

    Introduction to Valuation

    • Session 1 - Introduction to Valuation

    • Session 2 - Intrinsic Value - Foundation

    • Session 3 - The Risk Free Rate

    • Session 4 - Equity Risk Premiums

    • Session 5 - Betas (Relative Risk Measures)

    • Session 6 - Cost of Debt and Capital

    • Session 7 - Estimating Cash Flows

    • Session 8 - Estimating Growth

    • Session 9 - Terminal Value

    • Session 10 - Value Enhancement

    • Session 11 - Loose Ends in Valuation

    • Session 12 - Acquisition Ornaments - Synergy control

    • Session 13 - Loose Ends - Distress Dilution and Illiquidity

    • Session 14 - Relative Valuation - First Principles

    • Session 15 - PE Ratios

    • Session 16 - Other Earnings Multiples

    • Session 17 - Book Value Multiples

    • Session 18 - Revenue Multiples

    • Session 19 - Asset Based Valuation

    • Session 20 - Private Company Valuation

    • Session 21 - The Essence of Real Options

    • Session 22 - The Option to Delay (Patents

    • Session 23 - The Options to Expand and Abandon

    • Session 24 - Distressed Equity as an option

    • Session 25 - Closing Thoughts

About Trading Institute

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Trading Institute

Trading Institute is a professional training institute set up with an objective to bridge the skills gap between academia and theindustry by offering industry relevant training and certifications andempowering young and dynamic individuals with skills required topursue careers in the areas of capital markets and financialservices. Our mission is to equip aspiring financial markets learnerswith the right education and training they need to pursue a careerwith leading financial institutions or become an independent or aprofessional trader and a sound investor.