Valuation of Companies (N1591)
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Valuation of Companies and Cash Flow Generating Assets
Module N1591
Module details for 2025/26.
15 credits
FHEQ Level 6
Module Outline
This module offers a comprehensive exploration of company valuation techniques, equipping students with practical skills to analyze and assess businesses in today's dynamic market. It focuses on three primary approaches: intrinsic value (DCF, DEP, APV), relative value (multiples), and contingent value (decision trees, real options).
A primary emphasis is placed on Discounted Cash Flow (DCF) analysis, which involves estimating a company's future cash flows and discounting them to their present value. The module also highlights the importance of selecting accurate data and understanding model limitations to enhance valuation accuracy.
Students will delve into analyzing a company's operating environment, value drivers, and the challenges associated with valuation in practice. Through case studies and practical exercises, they will develop a step-by-step Excel-based valuation model.
The module's learning objectives are directly applicable to various corporate roles, including private equity, consulting, corporate finance, equity analysis, mergers and acquisitions, and IPOs. By completing this module, students will gain the skills and knowledge necessary to contribute effectively to these fields.
Module learning outcomes
Critically evaluate the fundamental drivers of value and the main valuation approaches.
Identify the inputs required by the various approaches, and be able to estimate them.
Distinguish among various types of situations/firms, and be able to select the most appropriate input data and valuation approach.
Systematically understand the key aspects of debt finance
| Type | Timing | Weighting |
|---|---|---|
| Unseen Examination | Semester 1 Assessment | 70.00% |
| Coursework | 30.00% | |
| Coursework components. Weighted as shown below. | ||
| Project | T1 Week 8 | 66.67% |
| Observation | T1 Week 11 | 33.33% |
Timing
Submission deadlines may vary for different types of assignment/groups of students.
Weighting
Coursework components (if listed) total 100% of the overall coursework weighting value.
| Term | Method | Duration | Week pattern |
|---|---|---|---|
| Autumn Semester | Lecture | 2 hours | 11111011111 |
| Autumn Semester | Seminar | 1 hour | 00000011111 |
| Autumn Semester | Seminar | 1 hour | 11111000000 |
How to read the week pattern
The numbers indicate the weeks of the term and how many events take place each week.
Dr Malgorzata Sulimierska
Convenor, Assess convenor
/profiles/155508
Dr Siyang Tian
Assess convenor, Convenor
/profiles/608508
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