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Terminated in academic year 2020/2021

Firm Value Calculation

Type of study Doctoral
Language of instruction Czech
Code 154-0906/03
Abbreviation UHF
Course title Firm Value Calculation
Credits 10
Coordinating department Department of Finance
Course coordinator prof. Dr. Ing. Zdeněk Zmeškal

Subject syllabus

1. Theoretical fundamentals of valuation.
2. Fundamental approach at the company valuation.
3. Strategic analysis (forecasting of sales).
4. Financial analysis as a part of the company valuation.
5. Costs of capital for valuation purposes. Valuation on the terms of risk (Risk Adjusted Cost of Capital, RACC, Certainty Equivalent Method, CEM).
6. Strategic financial plan.
7. Property valuation. Substance method.
8. Discounted cash flow valuation methods, multi-step DCF valuation.
9. Capitalized net earnings method.
10.Economic value added method.
11. Other valuation methods.
12. Real options.
13. Mergers and acquisitions, synergy valuations.

Literature

DAMODARAN, Aswath. Damodaran on Valuation. Security Analysis for Investment and Corporate Finance. USA: John Wiley & Sons, Inc., 1994. 417 s. ISBN 0-471-01450-8 .

Advised literature

KOLLER, T., GOEDHART, M., WESSELS, D. (2010). Valuation: Measuring and Managing the Value of Companies. 5th ed. New Jersey: Wiley.