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Discounted Cash Flow Valuation

Discounted Cash Flow Valuation
154-0503/01
angličtina

Summary

The aim of the course is to introduce students to the basic approach for estimating the value of assets, the discounted cash flow method. Students will understand the basic assumptions and will be able to practically apply this method in estimating the value of real assets and the value of companies. Attention will be focused on both practical aspects of estimating the required parameters and on the interrelationships between individual methods. Students will understand the impact of capital structure on the value of assets and will learn calculations both in discrete and continuous valuation.

Literature

KOLLER, Tim, Marc GOEDHART and David WESSELS. Valuation: Measuring and Managing the Value of Companies. 7th edition. Wiley, 2020. ISBN 978-1119610885.
KOLLER, Tim, Marc GOEDHART, David WESSELS and Michael CICHELLO. Valuation Workbook: Step-by-Step Exercises and Tests to Help You Master Valuation. 7th edition. Wiley, 2020. ISBN 978-1119611813 .
KRUSCHWITZ, Lutz and Andreas LOFFLER. Stochastic Discounted Cash Flow. 1st edition. Springer, 2020. ISBN 978-3030370800 .

Advised literature

KIESS, Braun C., Ben SOPRANZETTI. Valuation and Financial Forecasting: A Handbook for Academics and Practitioners. World Scientific Pub Co Inc, 2023. ISBN 978-9811218774 .
KRUSCHWITZ, Lutz and Andreas LOFFLER. Discounted Cash Flow: A Theory of the Valuation of Firms. 1st edition. Wiley, 2005. ISBN 978-0470870440 
SHAPIRO, Eric, David MACKMIN and Gary SAMS. Modern Methods of Valuation. 12th edition. Estates Gazette, 2019. ISBN 978-1138503519 .


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Language of instruction angličtina
Code 154-0503
Abbreviation DCF
Course title Discounted Cash Flow Valuation
Coordinating department Department of Finance
Course coordinator Ing. Petr Gurný, Ph.D.