040569 KU Valuation (MA) (2021W)
Continuous assessment of course work
Labels
MIXED
Registration/Deregistration
Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).
- Registration is open from Mo 13.09.2021 09:00 to Th 23.09.2021 12:00
- Registration is open from Mo 27.09.2021 09:00 to We 29.09.2021 12:00
- Deregistration possible until Fr 15.10.2021 23:59
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
The semester is currently hybrid scheduled.
- Monday 08.11. 09:45 - 13:00 Digital
- Monday 15.11. 09:45 - 13:00 Digital
- Monday 22.11. 09:45 - 13:00 Digital
- Monday 29.11. 09:45 - 13:00 Digital
- Monday 06.12. 09:45 - 13:00 Digital
- Monday 13.12. 09:45 - 13:00 Digital
- Monday 10.01. 11:30 - 13:00 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Information
Aims, contents and method of the course
Assessment and permitted materials
• This course emphasizes both theoretical analysis and practical applications.
• 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 (one non-graded, two graded).
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.
• 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 (one non-graded, two graded).
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 evaluation will be based on the following items: case studies (50%) and exam (50%), with up to 10% bonus based on in-class participation.The case delivered by KPMG is also part of the assessment.Attendance is COMPULSORY. The pass grade is 50%.
Examination topics
Reading list
Prerequisite:
Introductory knowledge in Accounting, Corporate Finance and Excel are necessary in order to follow this course and to eventually pass this course.
Introductory knowledge in Accounting, Corporate Finance and Excel are necessary in order to follow this course and to eventually pass this course.
Association in the course directory
Last modified: Fr 12.05.2023 00:12
discounted cash flow valuation and relative valuation.We start with an in-depth analysis of the discounted cash flow method and its practical implementation. More specifically we will discuss various versions of discounted cash flow models, including the discounted free cash flow model, discounted capital cash flow model, and adjusted present value model. We will also discuss how various inputs required by those valuation models can be obtained from historical data. In particular we will discuss how to forecast future cash flows, calculate residual values and derive appropriate discount rates.The relative valuation approach estimates the value of a firm by looking at the pricing of "comparable" firms relative to a common variable such as earnings, cash flows or book equities. We will discuss pros and cons of this popular valuation method.
We will also discuss the basics of real options and their implications for valuation.
The course provides you with hands-on experience in valuation. The collaboration with KPMG gives a unique opportunity to share and defend your ideas in front of a top management (a skill, which is extremely valuable for your future jobs/interviews).The course will be a mixture of lectures and case studies.CASESCase Studies:(1) In-class mini case
(2) One Harvard Business School Case
(3) Real Case Study from KPMG