Valuation
Instructor
and
Marc Altdörfer (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
Exam is in "open" form.
31 July 2017, 6-8 pm; H3 13 October 2017, 2-4 pm; H1 |
Date and time
27.04.
11.05.
24.05.
01.06.
22.06.
29.06.
07.07. // Ersatztermin (Freitag); H10 in M24; 14-18 Uhr
Time and Location:
2-6 pm, H7
Language
German
Grading
Written exam