Faculty of Business and Management Sciences · International Trade and Finance · Undergraduate
Course Objective
This course is designed for business students with basic accounting knowledge looking for practical methods to improve their ability to report and analyze financial information. This course aims to provide a conceptual and practical framework for valuing firms, debt, and equity. The course will focus on traditional approaches such as DCF and emerging asset valuation methodologies.
Course Content
The course will cover methods for using financial data and applying valuation techniques to make strategic and financial decisions. Topics such as mergers and acquisitions, financial restructuring, leveraged buyouts, private and distressed companies valuation, and the impact of financial leverage will be introduced.
Required Resources
Valuation – Measuring and Managing the Value of Companies, 5th edition By T. Koller, M. Goedhart, and D. Wessels. Wiley.
Recommended Resources
Valuation: The Art and Science of Corporate Investment Decisions, 3rd Edition By Sheridan Titman, John D. Martin. Published by Prentice Hall
Investment valuation: Tools and techniques for determining the value of any asset, By Aswath Damodaran John Wiley & Sons
Course Learning Outcomes
- Describe the basic methods of financial analysis and valuation to effectively manage different types of businesses
- Demonstrate critical thinking skills in the application of financial analysis and valuation techniques.
- Develop communication strategies to discuss financial analysis and valuation.
- Will be able to conduct research using a wide range of sources, synthesize the information gathered, and express it logically and persuasively in writing or orally.
- Be able to apply asset valuation in a global context, considering the interaction of international markets and economic, social and cultural issues.
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 3 | 48 |
| Midterm | 1 | 2 | 2 |
| Quiz | 0 | 0 | 0 |
| Assignment | 0 | 0 | 0 |
| Practice | 1 | 15 | 15 |
| Final | 1 | 2 | 2 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introduction, fundamentals of valuation and basic principles of value creation. | Chapter 1-2 |
| 2 | Expectations and return on invested capital. Overview of financial statement analysis. | Chapter 3-4 |
| 3 | Growth and fundamental valuation frameworks. | Chapter 5-6 |
| 4 | Financial statement analysis, performance evaluation. | Chapter 7-8 |
| 5 | Financial statement analysis, performance evaluation. | Chapter 7-8 |
| 6 | Predicting performance, ongoing value and cost of capital | Chapter 9-10 |
| 7 | Midterm | - |
| 8 | Enterprise value, interpreting forecast results and multiplier analysis | Chapter 11-12 |
| 9 | Market Value | Chapter 15-16 |
| 10 | Market Efficiency | Chapters 17-18 |
| 11 | Corporate performance management and portfolio creation | Chapter 19-20 |
| 12 | Mergers and acquisitions | Chapter 21 |
| 13 | Divestitures, capital structure and investor communication. | Chapter 22-24 |
| 14 | Presentations of Student Projects | - |
| 15 | Presentations of Student Projects | - |
| 16 | Final | - |