This subject provides students with a working knowledge of the issues involved in the valuation of a business and its equity. Fundamental to any valuation is an understanding of the activities of the business and the reasons for undertaking the valuation. These issues are explored before the various valuation methodologies are outlined and demonstrated. The technical and practical issues involved in valuation are discussed as are the limitations of the various methodologies. However, purely looking at the numbers calculated is not enough and this subject provides an appreciation of the qualitative issues that may affect a valuation.
This subject contributes to the investment management, financial analysis and corporate finance majors.