FIN40180 Equity Asset Valuation

Academic Year 2023/2024

This course prepares students for a career in the financial services industry and discussed a comprehensive range of valuation methodologies and examples.

Through case studies and practical application, students will gain exposure to a range of valuaiton methodologies including Discounted Cashflow, Asset Based Analysis and Relative Valuation.

Students will learn how to maximise shareholder value and understand key valuation drivers.

The course will also draw on recent market examples to analyse market efficiency, under and overreaction and risk and return implications.

Sundry issues in valuation including coverage of: Asset investments and divestments; capital structure changes; changes in dividend policy and special cases in valuation (cyclical firms, firms with product options etc) will also be covered.

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Curricular information is subject to change

What will I learn?

Learning Outcomes:

On the completing this module students will have achieved the following

- an exposure to a broad range of valuation techniques and their applicability based on their underlying assumptions and associated caveats

- A practical understanding of how to go about the valuation process and how to leverage market tools to assist in the process

- an ability to summarise and critique an academic article on valuation-related issues.

How will I learn?

Student Effort Type	Hours
Lectures	24
Specified Learning Activities	0
Autonomous Student Learning	80
Total	104

Am I eligible to take this module?

Requirements, Exclusions and Recommendations

Learning Requirements:

This module is open to MBS financial services and MSc (Quantitative finance) students only.

Module Requisites and Incompatibles

Not applicable to this module.

How will I be assessed?

Assessment Strategy

Description	Timing	Open Book Exam	Component Scale	Must Pass Component	% of Final Grade
Project: Individual company valuation	Week 12	n/a	Graded	No	55
Project: Group equity portfolio selection and tracking of performance	Week 12	n/a	Graded	No	15
Project: Group Academic article critique	Week 10	n/a	Graded	No	30

Carry forward of passed components
Yes

What happens if I fail?

Resit In	Terminal Exam
Summer	Yes - 2 Hour

Assessment feedback

Feedback Strategy/Strategies

• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Project feedback will be provided orally in the last class on both projects with feedback provided to each group within 20 days of the project submission.

Associated Staff

Name	Role
Assoc Professor Paul Ryan	Lecturer / Co-Lecturer

When is this module offered?


Spring
Lecture	Offering 1	Week(s) - 20, 21, 22, 23, 24, 25, 26, 29, 30, 31, 32, 33	Thurs 14:00 - 15:50
Lecture	Offering 2	Week(s) - 20, 21, 22, 23, 24, 25, 26, 29, 30, 31, 32, 33	Thurs 11:00 - 12:50
Spring