040569 VK KFK CF: Valuation (E) (2016W)
Advanced Corporate Finance
- Registration is open from Mo 12.09.2016 09:00 to Th 22.09.2016 14:00
- Deregistration possible until Fr 14.10.2016 14:00
Classes (iCal) - next class is marked with N
06.10.2016 15:00-19.00 Ort: SR 6
Topic: Absolute Valuation Methods (Calculating Free Cash Flows; The Use of the WACC)
Topic: Valuation by the APV Method; Relative Valuation Methods
Case Study: UST Case Study (non-graded)17.11.2016 15:00-19.00 Ort: SR 6
Case Study: American Chemical (graded)
Topic: Real Options01.12.2016 15:00-19.00 Ort: SR 6
Presentation of UNIQA
(Methods to value insurance companies
(Case Study presentation)15.12.2016 15.00-19.00 Ort: SR 6
Topic: Embedded Value (Valuation of Insurance Companies)12.01.2017 15.00-19.00 Ort: SR 6
UNIQA presentation at the UNIQA Tower26.01.2017 09.00-10.30 Ort: SR 6
ExamRemark: The course has 7 3-hour sessions with a half an hour break in the middle. The course starts right in time and is aimed at finishing in time.
Aims, contents and method of the course
Assessment and permitted materials
Working language is English.
Students are required to come to classes, read all cases and actively participate in the discussions.
There will be 3 case preparations. Cases must be handed in on time. No credit will be given for late cases.
You are encouraged to meet in groups to discuss and analyze the cases. In the past, students have found that these groups complement the class discussion well.
Minimum requirements and assessment criteria
The pass grade is 50 %, but you should get at least 50% in each part in order to successfully complete the course.
(1) Harvard Business
Debt Policy at UST Inc.
(2) Harvard Business
American Chemical Corporation
(3) UNIQA Case Study
Investment Valuation, 2nd edition, Aswath Damodaran, 2002 (book, manuscript, lecturenote).
Valuation, 4th edition, Chapters 5-12, McKinsey & Company, Tim Koller, Marc Goedhart and David Wessels, 2005.
Valuation: The Art and Science of Corporate Investment Decisions, Sheridan Titman and John Martin, Addison Wesley, 2007.