Denmark, Aarhus

Corporate Valuation and Value Creation

when 2 July 2014 - 22 July 2014
duration 3 weeks
credits 9.9 ECTS

The course focuses on conceptual framework of valuation. It emphasises on the analytical skills necessary for identification, assessment, and application of information required for the purpose of valuation of a business entity. The course allows participants to understand the critical issues related to the determination of relevant information required for valuation. The insights will be built using the financial statements as well as identifying other sources of information. The course has three parts. The first part will focus on introducing the concept of valaution, its relevance and its application. The second part will revolve aroud various DCF (Discounted Cash Flow) techniques like, FCFF, APV, CCF, etc. The students will understand the information gathering and analysing process with valuation as objective. The students will also be able to understand and appreciate the crtical issues related with various approcahes as well as the suitability of a particular approach in a particular situation. In the third part, students will learn the market based valaution by using market multiples. The students will also be able to analyse the interaction between two broad categories of valaution methods, viz. market based valaution and DCF valaution. They will also be exposed to limitations of these approaches. The students will also appreciate how different strategies can be used to create value.

Course leader

Parvinder Kumar Arora, SP Jain School of Global Management, Singapore

Target group

Master's students

Course aim

Shareholders’ wealth maximization is the key objective of any business entity or a firm. In order to achieve this, understanding the valuation process becomes extremely important. The course aims at introducing various valuation approaches and methodologies being used by practitioners. The course will expose the students to concepts surrounding value, valuation, and value creation.

Fee info

EUR 0: Students on a bilateral exchange programme do not have to pay. Freemovers are obliged to pay participation fees while tuition fees only apply to freemovers from countries outside the EU/EEA/Switzerland.