Valuation
Instructor
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.
- 23rd April
- 07th May
- 21st May
- 11th June
- 18th June
- 25th June
- 02th July
Grading
Written exam