| BUSINESS VALUATION
(objectives)
The lessons provide an overview of the prevailing techniques, used to estimate the value of a company.
The first part is focused on the different valuation methods: framed by financial theorists or exploited by valuation practitioners.
The second part studies in deep different hypothesis of firm or intangible assets valuation.
The third part is taught in English; its goal is to point out how to value a company (applying the previously studied techniques) in an international environment.
|
|
Code
|
21210168 |
|
Language
|
ITA |
|
Type of certificate
|
Profit certificate
|
| Module: BUSINESS VALUATION I
(objectives)
The lessons provide an overview of the prevailing techniques, used to estimate the value of a company.
The first part is focused on the different valuation methods: framed by financial theorists or exploited by valuation practitioners.
The second part studies in deep different hypothesis of firm or intangible assets valuation.
The third part is taught in English; its goal is to point out how to value a company (applying the previously studied techniques) in an international environment.
|
|
Code
|
21210168-1 |
|
Language
|
ITA |
|
Type of certificate
|
Profit certificate
|
|
Credits
|
6
|
|
Scientific Disciplinary Sector Code
|
SECS-P/07
|
|
Contact Hours
|
40
|
|
Type of Activity
|
Core compulsory activities
|
|
Teacher
|
ARDUINI SIMONA
(syllabus)
First part – Valuing a business
Definition of business value.
Business value and strategic value.
The relative approach to valuation (market prices and multiples).
The valuation techniques based on the firm's fundamentals.
The income methods:
- valuing the expected income (economic income or cash flow);
- valuing the discount rate;
- valuing the firm expected life and the terminal value.
Examples on the income methods.
The book value methods.
Valuation of intangible assets.
Firm value and equity value.
The application of “EVA model” to business valuation.
Second part: case studies
Valuing a bank.
The valuation of a distressed business.
Valuing a group of companies.
The valuation of human capital.
The valuation of brands.
Meetings with managers and business valuation experts
(reference books)
A. DAMODARAN, The Dark Side of Valuation: Valuing Young, Distressed, and Complex Businesses, Pearson, NJ, 2018.
|
|
Dates of beginning and end of teaching activities
|
From 01/10/2022 to 23/12/2022 |
|
Delivery mode
|
Traditional
At a distance
|
|
Attendance
|
not mandatory
|
|
Evaluation methods
|
Written test
Oral exam
|
|
|
| Module: BUSINESS VALUATION II
(objectives)
The lessons provide an overview of the prevailing techniques, used to estimate the value of a company.
The first part is focused on the different valuation methods: framed by financial theorists or exploited by valuation practitioners.
The second part studies in deep different hypothesis of firm or intangible assets valuation.
The third part is taught in English; its goal is to point out how to value a company (applying the previously studied techniques) in an international environment.
|
|
Code
|
21210168-2 |
|
Language
|
ENG |
|
Type of certificate
|
Profit certificate
|
|
Credits
|
3
|
|
Scientific Disciplinary Sector Code
|
SECS-P/07
|
|
Contact Hours
|
20
|
|
Type of Activity
|
Core compulsory activities
|
|
Teacher
|
ARDUINI SIMONA
(syllabus)
First part – Valuing a business
Definition of business value.
Business value and strategic value.
The relative approach to valuation (market prices and multiples).
The valuation techniques based on the firm's fundamentals.
The income methods:
- valuing the expected income (economic income or cash flow);
- valuing the discount rate;
- valuing the firm expected life and the terminal value.
Examples on the income methods.
The book value methods.
Valuation of intangible assets.
Firm value and equity value.
The application of “EVA model” to business valuation.
Second part: case studies
Valuing a bank.
The valuation of a distressed business.
Valuing a group of companies.
The valuation of human capital.
The valuation of brands.
Meetings with managers and business valuation experts
(reference books)
A. DAMODARAN, The Dark Side of Valuation: Valuing Young, Distressed, and Complex Businesses, Pearson, NJ, 2018.
|
|
Dates of beginning and end of teaching activities
|
From 01/10/2022 to 23/12/2022 |
|
Delivery mode
|
Traditional
At a distance
|
|
Attendance
|
not mandatory
|
|
Evaluation methods
|
Written test
Oral exam
|
|
|
|
Università Roma Tre