About its creators

Aswath Damodaran is Professor of Finance at the Stern School of Business, New York University.

Anant Sundaram is Professor of Finance at the Tuck School of Business at Dartmouth.

Anant and Aswath teach valuation and corporate finance classes to MBAs and executives.

 

 

About the App

The uValue app helps you value businesses using conceptually rigorous, yet practical, widely-used tools. You can value firms using  the ‘weighted average cost of capital’ (WACC, or 'cost of capital') approach, the ‘adjusted present value’ (APV) approach, the ‘dividend growth model’ (DGM), or real option valuation (ROV) techniques.

The app is free. We want anyone who is keen to do a good valuation, anywhere, to have access to self-contained, fully-functional tools to do so. Time and again, we see that poor investment decisions start with poor valuations. Consequently, uValue is fundamentally educational in its intent — it comes with three important features: pop-up boxes that define and explain every input or concept, an uValue Companion that is a mini-textbook on valuation, and links to a data set that give you industry data benchmarks. (See below for links)

uValue presumes basic familiarity with financial statements. With the WACC and the APV models, you can also choose between 'Detailed' or 'Simple' versions. (There is a section that walks you through how to make choices if you're not sure.) You do have to agree to a disclaimer within the app before you can use it. The text of that disclaimer also reproduced below.

We hope you have fun with uValue, and enjoy using it!

Supporting Material

  1. The uValue Companion: This is a book that is designed to go with the iValue app. It provides background material for the models in the app and suggestions on which model to use and how best to estimate the parameters.
  2. The Data corner: This link provides data on both industry averages (on risk parameters, profitablity and pricing) and macro data (on default spreads and equity risk premiums). It is updated at the start of every year.
  3. The Spreadsheet Place: If you want to access excel spreadsheets to use in a variery of corporate finance and valuation contexts, you can try this repository.
  4. The Classes: You can take a class (unofficially, of course) in valuation or corporate finance at this link. Download the lecture notes, watch the lectures (webcasts), take the exams and even grade yourself.

App Details

  1. Latest version: uValue 6.7.6, updated on May 23, 2011.
  2. New features that we are working on: We are working on a relative valuation module, where you can value a company using multiples, and a financial tools module that will include a ROIC estimator and a lease converter.

Contacts

Aswath Damodaran
Email address: adamodar@stern.nyu.edu
Website: http://www.damodaran.com
Address: 44 West 4th Street, New York, NY 10012

Anant Sundaram
Email address: anant.sundaram@dartmouth.edu
Website: http://mba.tuck.dartmouth.edu/pages/faculty/Anant.Sundaram/index.html
Address: Tuck School of Business, Hanover, NH03755