- Docente: Antonio Angelillo
- Credits: 4
- SSD: SECS-P/09
- Language: Italian
- Teaching Mode: Traditional lectures
- Campus: Bologna
- Corso: Second cycle degree programme (LM) in Business Administration (cod. 0897)
Learning outcomes
The student can face the main topics in valuations, as the determination of the free cash flows, the company's cost of capital and the main multiples adopted. After analysing some some case of studies, he is able to understand how theory can be practically applied.
Course contents
company valuation and its main determinants
- cost of capital and its main risk determinants
- asset based and sum-of-the-parts valuation
- economic value added valuation
- discounted free cash flow
- business plan analysis and sensitivities
- relative valuation: transaction multiples and market multiples
- valuation case studies
Readings/Bibliography
The Dark side of Valuation - Aswath Damodaran
Damodaran on Valuation - Aswath Damodaran
Corporate Finance: an introduction to valuation - Mario Massari
Teaching methods
Mainly testing the class on real case studies
Team working
Assessment methods
Written exercise on valuation
Teaching tools
slides and real cases business plans
Office hours
See the website of Antonio Angelillo