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Event

Valuation [WS202530212]

Type

lecture (V)
Online

Term

WS 20/21

SWS

Language

Englisch

Appointments

Links

http://finance.fbv.kit.edu/1505_1652.php
ILIAS

Lecturers

Prof. Dr. Martin Ruckes

Organisation

Finanzwirtschaft und Banken

Part of

Brick Valuation | Industrial Engineering and Management (M.Sc.)
Brick Valuation | Economics Engineering (M.Sc.)
Brick Valuation | Information Systems (M.Sc.)
Brick Valuation | Information Engineering and Management (M.Sc.)
Brick Valuation | Economathematics (M.Sc.)

Literature

Weiterführende Literatur

Titman/Martin (2013): Valuation - The Art and Science of Corporate Investment Decisions, 2nd. ed. Pearson International.

Appointments

02.11.2020 12:00 - 13:30
09.11.2020 12:00 - 13:30
16.11.2020 12:00 - 13:30
23.11.2020 12:00 - 13:30
30.11.2020 12:00 - 13:30
07.12.2020 12:00 - 13:30
14.12.2020 12:00 - 13:30
21.12.2020 12:00 - 13:30
11.01.2021 12:00 - 13:30
18.01.2021 12:00 - 13:30
25.01.2021 12:00 - 13:30
01.02.2021 12:00 - 13:30
08.02.2021 12:00 - 13:30
15.02.2021 12:00 - 13:30

Note

Firms prosper when they create value for their shareholders and stakeholders. This is achieved by investing in projects that yield higher returns than their according cost of capital. Students are told the basic tools for firm and project valuation as well as ways to implement these tools in order to enhance a firm's value and improve its investment decisions. Among other things, the course will deal with the valuation of firms and individual projects using discounted cash flow and relative valuation approaches and the valuation of flexibility deploying real options.

Topics:

Projections of cash flows
Estimation of the cost of capital
Valuation of the firm
Mergers and acquisitions
Real options

Learning outcomes: Students are able to

evaluate complex investment projects by taking a financial view,
value firms,
assess the advantageousness of potential merger and acquisitions.