On April 20, 2017, Josette Ferrer spoke to the San Francisco chapter of Financial Executives International (“FEI”) on a variety of valuation issues, including coverage of a detailed project case study.
Many people view the world of valuation as a black box – but a good valuation – incorporating both qualitative and quantitative considerations – can be critical for management in supporting its value “case” associated with a variety of situations — including higher or lower values related to M&A, restructuring, joint ventures, and options grants.
In her presentation, Josette discussed a specific case study in depth involving a company in the restaurant industry to help attendees identify key value drivers, as well as best practices (both quantitative and qualitative in nature) associated with supportable valuations. She also touched on the importance of the “story” related to a valuation – which dovetailed with a presentation by Aswath Damodaran later that evening — who discussed valuation issues covered in his latest book, “Narrative and Numbers”. Damodaran holds the Kerschner Family Chair in Finance Education, is a Professor of Finance at New York University’s Stern School of Business, and is a noted author and expert in the valuation field who is also a frequent commentator on CNBC.