ME2090 Finance, Corporate Valuation
KTH Royal Institute of Technology
ME1003 Industrial Management, Basic Course and ME1311 Corporate Finance or ME2064 Finance and Control in Industrial Organizations completed.
The course consists of lectures and computer exercises/seminars and with a technology-based company as a valuation project. The aim of the lectures is to provide theoretical knowledge about different models and how they can be used, as well as guidance in practical model design. The guest lectures mainly intend to give an insight into how financial departments and consultants work. Main fields of study that are treated are:
- Cash-flow models
- Models for comparing values.
- Strategic and financial analysis of technology-based companies.
- Shareholder value, values of venture capital/private equity financed companies
After passing the course, the students should be able to:
- Explain and discuss the latest theory in the area to evaluate companies
- explain what a discounted cash flow and multiple valuation are, and give an account of and analyse the differences between these valuation models
- explain and discuss which factors that influence the value of a company
- design a valuation model in Excel with all necessary functions to evaluate a company
- evaluate a company with the discounted cash flow model by using the model that is built in Excel, based on an advanced strategic and financial analysis of a technology-based company, and completed with a multiple valuation
- write a valuation report meeting the professional standards of the financial market.
- in a completed evaluation, in a correct way consider the practical problems that are associated with evaluation of companies.
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