2025/2026
Оценка и управление стоимостью компании
Статус:
Маго-лего
Где читается:
Факультет экономических наук
Когда читается:
3, 4 модуль
Онлайн-часы:
20
Охват аудитории:
для своего кампуса
Язык:
английский
Кредиты:
6
Контактные часы:
18
Course Syllabus
Abstract
The course presents students with a thorough and detailed exposition of how to measure and manage the value of a company. Students learn the main methods of valuation, their strengths, and weaknesses, and when to apply each. The course explores both the theoretical basis and practical application of all major elements of discounted cash flow valuation, relative valuation, and asset-based valuation. Additional topics include special valuation cases such as valuation of intangible assets, valuation in emerging capital markets, valuation of companies with changing capital structure and high levered firms. Students also discuss industry-specific valuation of coal mining companies, brick, cement and furniture plants, biological assets, and high-tech firms. The course also offers students an introduction to the methods of a new direction in financial analysis of a firm, based on the creation of value for stakeholders. Students discuss methods of assessing the sustainable growth of a company, study financial models of strategic analysis such as EVA, MVA CFROI, and consider the issues of remuneration system. Participants are provided with the opportunity to work in small teams to prepare the capstone project. The course is full of practical examples, cases and expert's insights.
Learning Objectives
- to form students' understanding of the methodology for estimating the value of various types of assets and types of companies, including those for emerging markets; form the ability to interpret the financial performance of the company to assess its value, apply evaluation technologies in practice; be able to identify the sources of increasing the value of the company;
Expected Learning Outcomes
- - to demonstrate the ability to find and use information from a variety of sources - to demonstrate familiarity with legal documents regulating financial activities
- - to demonstrate the ability to conduct standard financial and economic calculations - being to argue the impact of financial decisions on the value of the company, able to assess the value of the company - to take responsibility for solving individual issues in a common task solved by a group of 4-5 people; is active in the discussion of general issues
Course Contents
- Fundamental principles of company valuation
- Valuing companies by cash flow discounting
- Valuing companies by using multiples
- Applying DCF model and multiples in practice. How to value firms in different industries?
- Introduction to high-tech companies valuation
- Valuing intangible assets
- Value based thinking
- Planning for value creation
- Value based analysis of operating performance
Assessment Elements
- Quizzes fo moduls 1-8
- Team project on Company Valuation
- Team project on Value-based management
Interim Assessment
- 2025/2026 4th module0.2 * Quizzes fo moduls 1-8 + 0.4 * Team project on Company Valuation + 0.4 * Team project on Value-based management
Bibliography
Recommended Core Bibliography
- Doyle, P. (2000). Value-based marketing. Journal of Strategic Marketing, 8(4), 299–311. https://doi.org/10.1080/096525400446203
Recommended Additional Bibliography
- Sherlekar, S. A., & Sherlekar, V. S. (2010). Global Marketing Management : (under Value-based Integrated Customerised Approach) (Vol. Rev. ed). Mumbai [India]: Himalaya Publishing House. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=332271