Company Valuation

• 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 & Business Management (Bachelor)

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

0389-20-01-VZ-DE-46a