| Kommentar |
The goal of the course is to present students the basic tools to value firms and other assets. The course comprises three main parts. The first part presents the mechanics of relative and intrinsic valuation. The second part focuses on how to estimate the inputs for these valuation methods (e.g., forecasting cash flows or earnings, estimating the cost of capital). The third part deals with special valuation cases (e.g., valuing start-ups or private firms). |
| Literatur |
Damodaran, A. (2012): Investment Valuation, 3rd Edition, Wiley Finance.
Palepu, K.G., Healy, P.M. and Peek, E. (2016): Business Analysis and Valuation (IFRS Edition), 4th Edition, Cengage Learning.
Penman, S.H. (2013): Financial Statement Analysis and Security Valuation, 5th Edition, McGraw-Hill.
Relevant chapters and additional material will be announced throughout the course. |
| Prüfung |
(Portfolio) Students will write an midterm exam (60 minutes) on June 7, 2024 and submit an analyst report by August 16, 2024. The final grade for the course will be based on the midterm exam (50%) and the analyst report (50%)
The exam registration deadline for the course (via AGNES) is until May 31, 2024 and the deregistration until June 4, 2024.
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