Back to Basics in Valuation: Value Migration and Business Models Innovation
- The speech delves into the fundamental concept of how value within companies shifts over time and how this phenomenon is closely tied to business models' innovation.
- Through case studies and empirical data, It will be shown why value migration and business model innovation are the primary explanation for the dispersion of stock multiples within a sector and among adjacent sectors.
- This is why a deep understanding of a company's business model enables more accurate valuation.
This session will be held in English language.
Session A-3: Thursday, 5 December 2024 I 11:00 – 12:00
Prof. Dr. Mauro Bini
Bocconi University Milan I Professor of Corporate Finance
- Chairman of the management board of OIV – Organismo Italiano di Valutazione (the Italian valuation standard setter, created by four Italian Association of professionals – CPAs, CFAs, CFOs, Auditors – the Italian Stock Exchange and Bocconi University);
- Full professor of corporate finance at Bocconi University – Milan;
- Author of books on Business Valuation, Intangible Assets Valuation, Impairment Testing.