Financial Modeling and Corporate Valuation

Catalog description

Prerequisite: FIN 353. The course provides a practical framework for analyzing and valuing companies. It starts with an overview and in-depth discussion of financial statement analysis, based on which financial modeling is conducted to forecast future firm performance. Then various discounted cash flow and market multiple approaches are utilized to valuate a company, with attention paid to specific aspects of cost of capital estimation for implementation. Overall, the course instills finance theories in practical analysis, and equips students with an understanding of what determines a firm’s risk and value, while providing hands-on experience in corporate information collection, processing, and delivery.