Catalog Entries |
Fall 2013
Apr 18,2024 |
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| FINC 330 - CORPORATE VALUATION |
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This course consists of a comprehensive and practical review of corporate equity valuation. It covers a wide spectrum of equity valuation methodologies such as discounted cash flow models (e.g., enterprise discounted cash flow, adjusted present value, dividend discount model, etc.), economic-profit based models (e.g., residual income model and discounted economic profit), and multiples-based models. It equips students with a deep understanding of the models' underlying assumptions so that they can better understand what practitioners assume when calculating their valuation estimates. It offers useful guidelines to the most appropriate methodologies to use under different circumstances. It exposes the student to the complexity and subjectivity involved with estimating the value of a corporation. And it provides a practical step-by-step guide to corporate valuation. Furthermore, this course includes an Excel-based valuation modeling component. Students will develop a complete spreadsheet discounted cash flow (DCF) model and they will use it to (1) determine the intrinsic value of a U.S. public company operating in a mature industry, and (2) make an investment recommendation based on their valuation results.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Lecture Finance Department |
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