Equity Valuation

mlsmm2122  2019-2020  Mons

Equity Valuation
Note from June 29, 2020
Although we do not yet know how long the social distancing related to the Covid-19 pandemic will last, and regardless of the changes that had to be made in the evaluation of the June 2020 session in relation to what is provided for in this learning unit description, new learnig unit evaluation methods may still be adopted by the teachers; details of these methods have been - or will be - communicated to the students by the teachers, as soon as possible.
5 credits
30.0 h
Q1
Language
English
Prerequisites
None (at the master level)
Main themes
The goal of this course is to teach students the most
effective tools used to value equity and make investment
decisions.
Key topics include:
- Discounted Dividend Valuation
- Free Cash Flow Valuation
- Market-Based Valuation: Price and Enterprise Value
Multiples
- Residual Income Valuation
- Private Company Valuation
Aims

At the end of this learning unit, the student is able to :

1 At the end of this course, students will be able to:
- select the most appropriate valuation method for a given
company by being able to identify its strengths and
weaknesses;
- analyze and restate the financial statements (including
the off-balance items) to extract the all the information
required to correctly value companies;
- calculate the value of a company in a spreadsheet by
indicating all the required intermediate steps;
- do in-depth homework by preparing several case studies
and by submitting answers to MCQs.
 

The contribution of this Teaching Unit to the development and command of the skills and learning outcomes of the programme(s) can be accessed at the end of this sheet, in the section entitled “Programmes/courses offering this Teaching Unit”.
Teaching methods
- Lectures based on readings
- Spreadsheet applications
- Case studies
- MCQs
Evaluation methods
- Written Exam (MCQs + computer-based applications)
- Homework (in-class participation, preparation of case
studies, etc.)
- Valuation Assignment (group of two students)
Bibliography
PINTO et al. (2010), Equity Asset Valuation, 2ème Edition,
Wiley.
Faculty or entity


Programmes / formations proposant cette unité d'enseignement (UE)

Title of the programme
Sigle
Credits
Prerequisites
Aims
Master [120] : Business Engineering

Master [120] : Business Engineering

Master [60] in Management

Master [120] in Management

Master [120] in Management