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KEBU 2065A - Financial Analysis

Type d'enseignement : Lecture alone

Semester : Spring 2017-2018

Number of hours : 36

Language of tuition : English

Pre-requisite

None

Course Description

How to apprehend today the question of company valuation, or more simply "how much is it worth" or "is it profitable?" These key questions are nowadays a central component of complex economic and financial issues such as industrial strategies, value creation, roles of financial markets. To provide basic theoretical tools to better understand and analyze these issues, the course is divided into 3 parts: Financial and diagnostic analysis ; Basic financial tools such as discount concepts, capitalization, return rates and present value ; company valuation. These concepts are essential to both students preparing for careers in finance and to all those who wish to have an overall vision of a company and its market environment or, more simply, want to master the basics of financial calculation.

Teachers

to be defined

Pedagogical format

Each lecture introduces theoretical tools and case studies (incl. Vernimmen).

Course validation

The course is assessed on the basis of two examinations: a mid-term exam (40%) and a final exam (60%).

Workload

Lecture (24h). Credits: 4.

Required reading

  • Pierre Vernimmen, Pascal Quiry, Maurizio Dallocchio, Yann le Fur, Antonio Salvi: Corporate Finance Theory and Practice, John Wiley & Sons, 4th Edition
  • Richard A. Brealey, Stewart C. Myers, Franklin Allen: Principles of Corporate Finance, The McGraw-Hill/Irwin, 10th to 12th Edition
  • Jonathan Berk, Peter DeMarzo: Corporate Finance, Pearson, 3rd Edition

Additional required reading

  • Aswath Damodaran, The Dark Side of Valuation, Pearson Education, Second Edition
  • Aswath Damodaran, Investment Valuation University Edition, Wiley Finance, 3rd Edition
  • Aswath Damodaran, Damodaran on Valuation, Wiley Finance, second edition
  • McKinsey & Company, Valuation Workbook, John Wiley & Sons, Sixth Edition
  • McKinsey & Company, Value: The Four Cornerstones of Corporate Finance, John Wiley & Sons, 2010
  • J. Rosenbaum and J. Pearl, Investment Banking University Edition, John Wiley & Sons, Second Edition