Valuation

Instructor

Dr. Sven Schieszl

Patrick Launhardt (Organization)

 

Contents

General principles of valuation

Different valuation approaches

  • Discounted cash flow
  • “Ertragswertverfahren”
  • Valuation with multiples
  • Role of real options in valuation

Specific issues in valuing companies

  • Non-operating assets
  • Corporate and personal taxes
  • Pensions and other liabilities

Relevant legal and institutional norms

Application in case studies, e. g.,

  • Fairness opinions
  • Squeeze-out valuation

 

Book list

      

  • Goedhart, M./ Koller, T./ Wessels, D. (2010): Valuation: measuring and managing the value of companies, 5. Aufl., New York 2010
  • Drukarczyk, J./Schüler A. (2014): Unternehmensbewertung, 7. Aufl., München
  • Richter, F. (2005): Mergers and Acquisitions: Investmentanalyse, Finanzierung und Prozessmanagement, München 2005

 

The course is open for

Bachelor of Science (4 credit points)

 

Exam

Regular: 18th July; 10-12 a.m.; rooms: H20 und H22. Exam is "open" form.

 

Retake: 25th September; 10-12 a.m.; room: H11.

 

Date and time

The course takes place in H7 from 2 - 6 p.m.

 

  1. 23rd April
  2. 07th May
  3. 21st May
  4. 11th June
  5. 18th June
  6. 25th June
  7. 02th July

 

 

Grading

Written exam