Master
2024/2025
Advanced Business Valuation
Type:
Compulsory course (Strategic Corporate Finance)
Area of studies:
Finance and Credit
Delivered by:
School of Finance
Where:
Faculty of Economic Sciences
When:
1 year, 3, 4 module
Mode of studies:
offline
Open to:
students of one campus
Master’s programme:
Strategic Corporate Finance
Language:
English
ECTS credits:
6
Course Syllabus
Abstract
The Advanced Business Valuation Course explores both the theoretical basis and practical application of all major elements of discounted cash flow valuation, relative valuation and assetbased valuation. You learn to differentiate between long-term value-creating strategies and shortterm indicators, such as market share, earnings per share, share price and others. The course discusses how to evaluate company’s strategic position and develop forecasts using different techniques. Within this course you consider special cases in valuation such as valuation in emerging capital markets, valuation of companies with changing capital structure, valuation of high levered firms, firms with negative earnings, private firms, and valuation of options. You also discuss how to evaluate companies in different industries: mining, telecom, media and finance. Participants are provided with the opportunity to work in small teams in order to prepare reviews of empirical literature, cases and analytical tasks based on real data.Prerequisites for the course: Corporate Finance-1,2, International Financial Reporting Standards