- Docente: Antonio Angelillo
- Credits: 4
- SSD: SECS-P/09
- Language: English
- 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
- Valuation as a paradigm of efficient asset allocation in a market economy
- Enterprise value, equity value and price in corporate finance
- Approaches to valuation and valution methodologies
- Economic profit based: EVA
- Asset based: NAV
- Cash flow based: DCF
- Relative valuation: multiples
- Cash flow statement and determinants
- Dividend discount model
- Measures of Risk
- Capital Asset Pricing Model and its allies
- Market and Transaction multiples
- Case studies
Readings/Bibliography
The dark side of Valuation - Aswath Damodaran
other readings will be suggested during the course
Teaching methods
the students will be involved in solving real case studies valuation tasks
lessons are largely interactive
Assessment methods
mid course written exam simulations
group works
Teaching tools
PC use is advised
Office hours
See the website of Antonio Angelillo
SDGs
This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.