Valuation

Catalog description

This course strives to advance graduate students’ knowledge and comprehension of corporate valuation using discounted cash flow, valuation multiples, and option techniques. The first part of the course focuses on valuation methods, including net present value/weighted average cost of capital, adjusted present value, economic value added model, relative valuation, and real option valuation. These valuation methods will then be applied to various forms of corporate investment, including new investment decisions, IPOs, restructuring transactions including mergers and acquisitions, divestitures, and LBOs, and projects with real option features.