Master
2024/2025
Valuation and Value Based Management
Type:
Compulsory course (Master of Business Analytics)
Area of studies:
Finance and Credit
Delivered by:
Master's Programmes Curriculum Support
Where:
Faculty of Economic Sciences
When:
1 year, 3, 4 module
Mode of studies:
distance learning
Online hours:
20
Open to:
students of one campus
Master’s programme:
Магистр аналитики бизнеса
Language:
English
ECTS credits:
6
Course Syllabus
Abstract
The course presents students with a thorough and detailed exposition of how to measure and manage the value of a company. Students learn the main methods of valuation, their strengths, and weaknesses, and when to apply each. The course explores both the theoretical basis and practical application of all major elements of discounted cash flow valuation, relative valuation, and asset-based valuation. Additional topics include special valuation cases such as valuation of intangible assets, valuation in emerging capital markets, valuation of companies with changing capital structure and high levered firms. Students also discuss industry-specific valuation of coal mining companies, brick, cement and furniture plants, biological assets, and high-tech firms. The course also offers students an introduction to the methods of a new direction in financial analysis of a firm, based on the creation of value for stakeholders. Students discuss methods of assessing the sustainable growth of a company, study financial models of strategic analysis such as EVA, MVA CFROI, and consider the issues of remuneration system. Participants are provided with the opportunity to work in small teams to prepare the capstone project. The course is full of practical examples, cases and expert's insights.