UEH Master Programs

Determining the value of a firm or a firm’s securities together with understanding relevant value drivers represent essential capabilities of key decision makers in firms. Therefore, the course “Applied Corporate Valuation” focusses on this essential functional capability to provide students with the know-how of mastering valuations in a business setting.

Generally, the objective of this course is to develop the intuition, tools and skill sets to value companies and their outstanding securities. The principal focus will be on the valuation of equity in public and private corporations. A strong emphasis will be placed on the application of these concepts in real-world situations.

The class discussions will cover the analysis of past financial performance and the projections of future performance. We will examine the estimation of cash flows and discount rates in the treatment of discounted cash flow valuation models, followed by the analysis of the application of various enterprise and equity value multiples (such as EV/EBITDA, EV/EBIT, P/B, P/E). We will also examine a number of additional valuation issues within the context of mergers and acquisitions, leveraged buyouts, and other special situations.

As this course builds upon skills developed in previous finance and accounting courses, students should be familiar in the areas of financial statement analysis and capital budgeting. In addition, they should be familiar with introductory concepts in statistics.