Brochure Valuation of companies


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Brochure Valuation of companies

  1. 1. The price is what you pay; the value is what you getValuation of CompaniesAssess companies and large projects according to their For whom?value? You can do this more efficiently if you have a generalframe of reference. • As a financial expert, you seek to broaden your knowledge of company valuation.We outline that framework in the programme. You will get • As a manager, you are actively involved in mergers &a complete overview of both classic and recently developed acquisitions, corporate finance and investment analyses.valuation methods.This allows you to understand how profit, cashflow, growth Added value for you and your companyand a financing policy are influenced by the value of thecompany. • You will master the fundamentals of company valuation. • You will have a strong working knowledge of both theYou will acquire in-depth understanding of the three standard and alternative valuation methods.driving forces behind company valuations: cash flows, • You will know how to create a value-based business plan.growth and risks. In addition, you will learn how to proceed • Real-life case studies give you the opportunity to examineto assess the value of a professional opportunity. This kind in detail the concept of Real Options.of knowledge is undoubtedly handy if you have to optimisethe capital budgeting within a company and in the contextof mergers and acquisitions.Get inspired by your fellow participants
  2. 2. Programme design Meet your facultyYou will be amazed by our keenness for practice. Departing from well founded • Prof Wouter De Maeseneire istheory, we illustrate it with practice-based examples, case studies and exercises. professor of Corporate Finance. His research focuses on CompanyYou will learn not merely from the lectures given by our faculty. Draw Valuation, Real Options, Initial Publicinspiration from your participating colleagues. Interaction and exchanging Offerings (IPO) and Private Equity.experiences will teach you a great deal. • Prof Cynthia Van Hulle is professor at KU Leuven and Residential Fellow atThe sessions start by introducing key concepts. This is an opportunity for you Vlerick. Her areas of expertise comprise,and the other participants to develop clearly organised lines of thoughts. You are among others: Corporate Finance,then able to put these thoughts to the test in practical exercises. The result? You Corporate Restructuring, Corporatecan apply the various valuation methods immediately in your own company. Governance and Governance of Organisations.Module 1: Introduction to Standard Valuation Methods • Peter Maenhout is Executive Vice- President Buyouts & Growth Belgium• Discounted Cash Flow with Gimv, an independent investment• Dividend Discount Model company.• Capital Asset Pricing• Valuation and uncertainty PRACTICAL INFO• Identification of value drivers Dates and venuesModule 2: Alternative Valuation Methods 4 days Ghent Campus: 13, 14, 20, 21 June 2013• Comparable Multiple Analysis• Economic Value Added (EVA) Language• Real Options English• Financial policy’s impact on company value FeeModule 3: Making a Business Plan € 3,095 (excl. 21% VAT)• How to determine the final value of a company?• What discount rate / depreciation rate is suitable?• How much would you be willing to pay for a company take-over?Module 4: Real Options• Different types of Real Options• Practice-based case studies Apply now! Please see Practical Info on the following page, or visit:
  3. 3. PRACTICAL INFORegistration Online registration: quick & easy!Action! Register online.Questions? Please contact:Vincent BaguéGroup Product ManagerT: + 32 9 210 97 81F: + 32 9 210 97 28vincent.bague@vlerick.comReep 19000 Ghent, BelgiumYour certificateIf you take part in one of our programmes, you are Register online via:entitled to a certificate from Vlerick BusinessSchool. accounting-financeIf you successfully complete an Executive Master Class,you can join the Vlerick Alumni Network, a worldwidenetwork of over 16,000 alumni in more than 100 Financial benefits for you?countries. • 10% discount for paying members of Vlerick AlumniCancellation • SME portfolio: subsidies for Flemish SMEs. • Vlerick Social Profit Grants for organisations active inConsult our cancellation conditions at: the social profit You’ll find more info at: team is here for you Vincent Bagué Group Product Manager T: + 32 9 210 97 81 Rian De Bruycker Programme Advisor T: + 32 9 210 98 84
  4. 4. Application formAccounting & Finance EXECUTIVE EDUCATION AND RESEARCH IN 2012-2013 ACCOUNTING & FINANCE Yes, I wish to apply for the following programme(s): Financial Management for Non-Financial Managers Valuation of Companies Understanding Annual Reports Executive Master Class in Controllership Mastering Costs and Budgets Executive Master Class in Corporate Finance Fundamentals of Financial Management Executive Master Class in Financial Analysis Strategic Cost Management and Asset Management ENGLISH In addition, I wish to receive more information on the management programmes of Vlerick Business School that I have ticked on the reverse side of this form.Name First name M FFunctionCompanyCompany address N° busPostal code CityCountryTelephone FaxE-mail Yes, I would like to stay up-to-date about the activities of Vlerick Business School via e-mail. No, I do not want to receive information about the activities of Vlerick Business School via e-mail.Home address N° busPostal code CityCountryHome telephoneInvoice to be addressed to:Name First name M F(Only fill the section below if different from company address above)Address N° busPostal code CityCountryVAT n° I am paying member of Vlerick Alumni and enjoy a 10% reduction on this programmeDate - - SignaturePlease return this form BY FAX OR POST to:Vlerick Business School, attn. Vincent Bagué, Your contact details will be stored in a database of Vlerick Business School forReep 1, 9000 Ghent, Belgium, fax + 32 9 210 97 28 the purpose of keeping you updated on our activities. Pursuant to the Law on privacy (Wet tot bescherming van de persoonlijke levenssfeer ten opzichte van de verwerking van persoonsgegevens) of 8 December 1992 youYou can also apply online at are entitled to inspection and correction of data related to you as kept Vlerick Business School.
  5. 5. THE Programmes ofvlerick BUSINESS schoolI would like to receive information on the following programmes (please tick).Please return your contacting details to us by fax, e-mail or post.General Management Operations & Supply Chain Management Advanced Management Programme E Project Management D International Management Programme E Purchasing Management E Middle Management Programme D Operational Excellence E Young Management Programme D & E Executive Master Class in Supply Chain Management EAccounting & Financial Management Entrepreneurship Understanding Annual Reports D & E KMO Challenge D Mastering Costs and Budgets D & E KMO Excellence D Fundamentals of Financial Management D & E Entrepreneurship for Managers D Strategic Cost Management E Valuation of Companies E People Management & Leadership Executive Master Class in Controllership E The People Manager D Executive Master Class in Corporate Finance E Executive Decision Making D Executive Master Class in Financial Analysis How to Improve Your Emotional Intelligence D and Asset Management E Inspiring for Change D Negotiating to Create Value D & EHuman Resource Management Self-mastery D HRM with Impact D Bestsellers read for you D Compensation & Benefits D Executive Master Class in Human Resource Management D Strategy Strategy in Action EICT & Business Process Management ICT-Management D Executive Master Classes Business Process Management Workshop D & E Executive Master Class in B-to-B Marketing and Sales E Excellence in Business Process Improvement E Executive Master Class in Business Process Management E Executive Master Class in Business Process Management E Executive Master Class in Controllership E Business Intelligence Workshop E Executive Master Class in Corporate Finance E Executive Master Class in Financial AnalysisInnovation Management and Asset Management E Strategising for Innovation E Executive Master Class in Human Resource Management D Entrepreneurial Innovation E Executive Master Class in Innovation & Entrepreneurship E Corporate Innovation Management E Executive Master Class in Supply Chain Management E Executive Master Class in Innovation & Entrepreneurship E MBAsMarketing & Sales Full-time MBA E Introduction to Marketing Management D Executive MBA E Retail & Trade Marketing D Executive MBA in Financial Services & Insurance E Brand Management & Communication D Product Management D Masters Strategic Business-to-Business Marketing D Masters in Financial Management E Executive Master Class in B2B Marketing and Sales E Masters in General Management E Masters in Marketing Management ED Programme in Dutch E Programme in EnglishMore information on