Valuations

Catalog description

This course provides fundamental concepts and tools to value assets, including firms and projects, using an economic framework. It begins with an overview of two approaches to valuation: 1) discounted cash flow (DCF) and 2) valuation by multiples using comparable assets. We will first discuss the fact that valuation by multiples and the DCF approach are one and the same. Then, we will discuss the DCF approaches in detail, including projections and costs of capital. We will wrap up the course with a case discussion of valuing hyper-growth technology firms and issues specific to valuing high-tech/start-up firms. This course is especially useful to anyone preparing for a career role in product management, including marketing and operations, and valuing entrepreneurial opportunities (e.g., startups). Both conceptual understanding and practical implementations through case studies will be emphasized.