Company Valuation (German)

• Historical development of corporate evaluation • Evaluation triggers, the purposes of evaluation • Various methods of company valuation (net assets value method, mixed method, earnings method, multiples) • Cost of capital (CAPM, WACC) • Forecasting • Taxation in company valuation • Entity approach (FCF method) • Equity approach (FTE method) • Phases and players in mergers & acquisitions • Due Diligence • Post-merger integration management • Demerger management • Overview on value management

Mode of delivery

face to face

Type

compulsory

Recommended or required reading and other learning resources/tools

Peemöller (Hrsg.) (2014): Praxishandbuch der Unternehmensbewertung, NWB Verlag; 6. Auflage

Planned learning activities and teaching methods

Integrated course, combining lectures, discussions and student presentations of prepared examples

Assessment methods and criteria

Continuous assessment: 30 points can be obtained through participation in class (mini tests, homework, online quizzes) and 70 points through a written final exam.

Prerequisites and co-requisites

Financial Accounting and Financial Statement Analysis, Financial Management and Investment Decisions, Cost Accounting and Budgeting

Infos

Degree programme

European Economy and Business Management (English)

Cycle

Bachelor

ECTS Credits

3.00

Language of instruction

German

Curriculum

Full-Time

Academic year

2023

Semester

4 SS

Incoming

No

Learning outcome

After successful completion of this course, students can • explain the most important methods for company valuation • systematically prepare the required data • actively participate in the selection, evaluation and integration of acquisition objects. The learning outcomes of this course contribute mainly to the following (international) programme learning outcomes: LO 3.2 LO 4.1 LO 5.1

Course code

1389-20-01-VZ-DE-46a