| Course Title |
Valuation of Companies |
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| Level |
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| Aimed at |
General Management, Finance Stream |
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| Importance |
Specilization |
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| Learning Objective |
After attending this course a student will be in a position to Value Companies |
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| Pedagogy |
Class Room Lectures, Case Study, Problems Solving Excel Spreadsheet Modeling, Group Assignments |
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| Assuring Learning |
Valuing Real companies across sectors using different methods ensures learning outcome is satisfactory. |
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Alternative Approaches to Valuation |
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| Session 1 |
Estimation of Cash Flows |
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| Session 2 |
Time Value of Money |
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| Session 3 |
Weighted Average Cost of Capital and inputs into the Model |
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| Session 4 |
Dividend Discount Models |
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| Session 5 |
Book Value |
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| Session 6 |
Comparable Companies and Comparable Transactions Approach |
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| Session 7 |
The Spreadsheet Approach to Valuation and Mergers |
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| 8 to 11 |
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The Basic DCF Spreadsheet Model |
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Calculating Terminal values |
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The Net Investment Format |
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The Value Driver Method |
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Including other Income in the Analysis |
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| Session 12 |
Formula Approach |
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| Session 13 |
Case Study |
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| Session 14 |
Cost of Equity Capital |
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| Session 15 |
Cost of Debt and Weighted Average Cost of Capital |
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| Session 16 |
Two Stage DCF |
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| Session 17 |
Three Stage DCF |
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| Session 18 |
Increasing the Value of the Organisation |
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| Session 19 |
EVA and CFROI |
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| Session 20 |
Equity Valuation within the Black Scholes Framework. |
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