Course overview
This course analyses companies from a fundamental perspective in order to derive the intrinsic value of stocks. Topics include fundamental analysis and determination of growth; discount cash flows models including dividend discount models and free cash flow models; relative valuation models including price-earnings and price-book multiples; estimating the discount rate; valuation of firms in financial distress, investment in other firms, and mergers and acquisitions.
Course learning outcomes
- Conduct valuations based on the discounted cash flow method.
- Perform a relative valuation for a company.
- Utilise the techniques in valuing mergers and acquisitions.
- Apply the methodologies in valuing firms in financial distress and equity investment in other firms.
- Critically analyse publicly available information and write a business valuation report.