Business

Analysis and Valuation

Batch: BME Month & Year: Dec- Feb
2019
Term: X

Objective
The broad objective of this course is to familiarize the participants with the
Business Valuation Process. Understanding the valuation process will help the
participant in knowing the issues involved in deriving a value of a firm. It also
helps them in knowing the quantum of importance to be given to Valuation
details in critical decisions like M&A, IPO, Bankruptcy and Project
Implementation. The course is broadly segmented into 3 parts;
Part A: Introduction to Valuation Techniques (Sessions 1 to 8)
Part B: Valuation of Various Types of Business (Sessions 9 to 11)
Part C: Valuation of Various Types of Business Assets (Sessions 12 to 20)

Evaluation Scheme *

Component Weight %
Class Participation 20%
Quizzes 10%
Pre Read Assignment ( Case Analysis 40%
Assignment )
Group Project 30%

Text Book
Damodaran on Valuation By Aswath Damodaran, 2nd Edition, Wiley
 Session Plan
Session Topic Case & Exercises Text Book Reading
Business Analysis - Industry and Firm
1
Level
2 Introduction to Valuation Liston Mechanics Corporation Ch 1
Teuer Furniture (A) - Discounted Cash Flow
3 Discounted Cash Flow Models Ch 5 & 6
Valuation
Estimation of CF, Growth Rate, Terminal Mercury Athletic Footwear: Valuing the
4 Ch 2, 3 & 4
Value Opportunity
Relative Valuation and Market
5 Teuer Furniture (B) - Multiple Valuation Ch 7, 8, & 9
Multiples
6 Residual Income Valuation Method Valmont Industries, Inc.
7 Entreprenual Valuation Method TerraPower
Canadian Pacific Limited: Unlocking Shareholder
8 Sum of the Parts Valuation
Value in a Conglomerate
9 Valuation of Startup Valuing Snap After the IPO Quiet Period
9 Valuation of Brands Tata Tea Limited Ch 12
10 Valuation of Goodwill WPP Group and Its Acquisitions Ch 12
Larry Steffen: Valuing Stock Options in a
11 Valaution of ESOPs Ch 11
Comprehensive Package
The Best Deal Gillette Could Get? Procter and
12 Valuation of Synergies Ch 15
Gamble Acquisition of Gillette
Valuation of Corporate Control,
13 Spyder Active Sports - 2004 Ch 13, 14 & 16
Liquidity, and Transperancy