Checking date: 25/04/2019


Course: 2019/2020

Valuation Methods
(12501)
Study: Master in Business Administration (MBA) (301)
EPE


Coordinating teacher: TOLDRA SIMATS, ANNA

Department assigned to the subject: Department of Business Administration

Type: Electives
ECTS Credits: 2.0 ECTS

Course:
Semester:




Students are expected to have completed
Mangerial Accounting Corporate Finance Financial Economics
Competences and skills that will be acquired and learning results.
- Achieve working knowledge of how to use the following valuation techniques: Discounted Cash Flow models, trading, transaction and historical multiples (P/E ratio, P/B, FV/EBITDA, etc.). - Understand the relationships between valuation techniques and the implicit assumptions tying them all together. - Understand the key drivers behind value creation: returns, growth profiles and risk. - Identify the structural parameters that determine the relationships between risk and returns in a business. - Understand the financial consequences of strategic decisions and the strategic consequences of financial choices. - Identify the key sources of uncertainty associated with valuation estimates and approximate a margin of error for valuation models.
Description of contents: programme
The aim of this course is to introduce students to methods that will allow them to identify the key drivers of value creation underlying most operating and financial decisions of the firm. Topics covered include some of the most common valuation methods (DCF, multiples, etc.) as well as introductory lectures on more specialized valuation methods used in corporate transactions such as LBOs and mergers and acquisitions.
Learning activities and methodology
This course will be based on lectures and individual and group case discussions. Office hours (for individuals or groups) will be held before and/or after each lecture and at other times by appointment.
Assessment System
  • % end-of-term-examination 60
  • % of continuous assessment (assigments, laboratory, practicals...) 40
Basic Bibliography
  • Koller, Goedhart & Wessels. Valuation. Wiley. 2010
Additional Bibliography
  • Brealy, Myers & Allen . Principles of Corporate Finance. McGraw-Hill. 2011
  • Damodaran, Aswath. Damodaran on Valuation. John Wiley & Sons. 2006
  • Damodaran, Aswath. Corporate Finance. Wiley. 2001
  • Higgins. Analysis for Financial Management. McGraw-Hill. 2009
Recursos electrónicosElectronic Resources *
(*) Access to some electronic resources may be restricted to members of the university community and require validation through Campus Global. If you try to connect from outside of the University you will need to set up a VPN


The course syllabus and the academic weekly planning may change due academic events or other reasons.