COURSE UNIT TITLE

: CORPORATE VALUATION

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
FIN 4247 CORPORATE VALUATION ELECTIVE 3 0 0 5

Offered By

BUSINESS ADMINISTRATION

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR EFE ÇAĞLAR ÇAĞLI

Offered to

BUSINESS ADMINISTRATION

Course Objective

This course aims to provide an understanding of valuation approaches and the company value drivers so that the students will be able to apply valuation techniques and to prepare an investment research report.

Learning Outcomes of the Course Unit

1   Identify the role of valuation in financial decisions and learn the rationale for doing valuation
2   Distinguish the approaches to valuation
3   Apply the valuation techniques to real-world applications
4   Deliver clear and concise investment research report

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

FIN 3001 - MANAGERIAL FINANCE
ACC 4111 - FINANCIAL STATEMENT ANALYSIS
QMT 3001 - BUSINESS FORECASTING

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction to Valuation
2 Intrinsic Value: Inputs and Process
3 Intrinsic Value: Risk Premiums and Discount Rates
4 Intrinsic Value: Risk Premiums and Discount Rates
5 Intrinsic Value: Earnings and Cash Flows Report #1 (Predict Risk Premium and Discount Rates)
6 Intrinsic Value: Earnings and Cash Flows
7 Intrinsic Value: Estimating Growth, Terminal Value Report #2 (Estimate Earnings and Cash flows)
8 Value Enhancements and Loose Ends in Valuation
9 Relative Valuation: Pricing Process Report #3 (Estimating Growth and Terminal Value) (15%)
10 Relative Valuation: Multiples and Comparables
11 Relative Valuation: Multiples and Comparables
12 Review Report #4 (Relative Valuation and Final Report) (25%)

Recomended or Required Reading

Damodaran, A. (2012). Investment valuation: Tools and techniques for determining the value of any asset. Third Edition, John Wiley & Sons.

Planned Learning Activities and Teaching Methods

Lecturing, group work, case studies presentations, in-class discussions.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 ASS Assignment
2 PRT Participation
3 FN Final
4 BNS BNS ASS * 0.60 + PRT * 0.10 + FN * 0.30
5 BUT Bütünleme Notu
6 BBN Bütünleme Sonu Başarı Notu ASS * 0.60 + PRT * 0.10 + BUT * 0.30


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

1. Late submissions of written reports will not be accepted.

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.
3. Students are expected to participate actively in class discussions.
4. Students are expected to attend to classes on time.
5. Students must obey the time limits of their presentation.

Contact Details for the Lecturer(s)

Dr. Öğr. Üyesi Efe Çağlar ÇAĞLI
E-mail: efe.cagli@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 12 3 36
Preparations before/after weekly lectures 10 1 10
Preparation for final exam 1 20 20
Preparing assignments 4 15 60
Final 1 1,5 2
TOTAL WORKLOAD (hours) 128

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14PO.15
LO.1555535343
LO.2555535343
LO.3555535343
LO.4555535343

CONTACT INFORMATION
Dokuz Eylül Üniversitesi Cumhuriyet Bulvarı No: 144 35210 Alsancak / İZMİR
Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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