Valuation
The course provides a solid foundation to understand how to value assets such as equity stocks, and how to value a company as a whole. In today's competitive business environment, it is essential for students to get a critical perspective on interpretation of financial information, capital budgeting, and develop skills for recognizing the drivers of the corporate value. The first part of the course builds a foundation for implementing valuation techniques. Specifically, the course illustrates how to estimate the cost of different sources of capital, and how to use the information from financial statements to predict the firm’s future outcomes. In the second part of the course the course takes a look at several valuation techniques widely applied in practice (dividend discount, FCF valuation models, residual income models, and relative valuation).
For students who can document that the exam for CFA Level 2 s passed, the course is voided.
It is possible to apply for admission to the course as a single course. There are reservations about the available capacity on the course. The applicant must meet the current admission requirements for the Master of Science in Business program.
Knowledge
- Has advanced and broad knowledge in valuation.
- Has advanced understanding of the drivers of value creation.
- Have in-depth knowledge in valuing securities, and abilities to apply knowledge in intersection of disciplines, industries, and sectors.
- Can analyze professional issues with tools and techniques from the subject's specificity.
Skills
- Can analyze and evaluate existing models, theories and methods of valuation.
- Can use relevant methods and theories for research within the subject's main themes on an independent basis.
- Can analyze and relate critically to various information sources in the valuation of securities and use these to structure and formulate professional reasoning.
- Can conduct, produce and evaluate independent analytical research work under guidance in accordance with research ethical norms.
- Can use analytical and digital tools in practical work.
General competence
- Can analyze relevant issues within valuation.
- Can convey comprehensive self-employment and master expressions in valuation.
- Can apply their expertise in new areas and issues within valuation and advisory.
- Can contribute to innovative thinking and innovative solutions to issues related to valuation.
- Can discuss and communicate valuation analyses and their conclusions.
- Can use and acquire skills about the digital tools used in a course.
Bilingual dictionary and a simple calculator. Generating an answer using ChatGPT or similar artificial intelligence and submitting it wholly or partially as one's own answer is considered cheating.
