COMPANY VALUATION - BMEGT35A118

The subject is designed to give students a broad overview of goals, processes as well as tools of company valuation and get them acquainted with valuation techniques. The subject deals with the examination of analyzing financial statements, forecasting future cashflows, calculating the cost of capital. and applying sensitivity analyses. Teaching focuses on enabling students to adapt their theoretical knowledge in practice and solve issues arising during the daily valuation process.

1. the goals and toolkits of company valuation,
2. the methods of the analysis of company’s financial statements and planning,
3. the possible ways of determining the cost of capital,
4. the special features of certain evaluation situations and methods,
5. the process and crucial points of company evaluation.

1. plan and organize independent learning,
2. comprehend and use the professional literature of the topic,
3. approach and select information available critically,
4. recognize the contexts behind financial decisions,
5. make calculations to support decisions.

1. are open to learn and adapt the innovations in finance,
2. collaborate with their instructors and student mates during the learning process,
3. gain knowledge and information,
4. take use of ICT tools.

1. are open to accept reliable critical remarks,
2. collaborate with other students in performing assignments during the learning process,
3. are able to make independent decisions,
4. are capable of reasonable consideration in the financial decision-making processs,
5. can weigh the significance of their responsibilities and foresee the consequences of their decisions

Lectures, verbal and written communication, use of ICT tools and techniques.

• Minden fontos információ és kötelező tananyag a tárgy honlapján lesz elérhető.
• All important information and required study materials will be available on the subject website.
• Ajánlott: Copeland, Tom – Koller, Tim – Murrin, Jack: Vállalatértékelés. Értékteremtés és értékmaximáló vállalat-vezetés, Budapest, Panem, 1999. A fordítás az második kiadás alapján készült! Ezért inkább az ötödik kiadás eredetiben:
• Koller, Tim – Goedhart, Marc – Wessels, David: Valuation, Measuring and managing the value of companies, fifth
• edition, John Wiley & Sons, New York, 2010.
• Damodaran, Aswath: A befektetések értékelése, Panem, Budapest, 2006
• Damodaran, Aswath: Applied Corporate Finance, 4th Edition, John Wiley & Sons, New York, 2014
• Damodaran, Aswath: A vállalatértékelés kézikönyve, Alinea Kiadó, Budapest, 2015.
• Juhász Péter: Vállalatértékelési számítások, Budapesti Corvinus Egyetem, 2018.
• Rappaport, Alfred: A tulajdonosi érték – Útmutató vállalatvezetőknek és befektetőknek, Alinea, 200

Learning outcomes under 2.2. are to be assessed by the written exam in the examination period.

A) Detailed description of mid-term perfor-mance assessment: Performance is not to be assessed during the semester. B)Performance is to be assessed by the written exam at the end of the semester in the examination period. Duration: 90 minutes The test focuses on the practical adaptation of the knowledge students gained in the learning process, which does not exclude testing the theoretical knowledge.

• Év végi írásbeli vizsga: 100%

TVSZ szerint

TVSZ szerint

Consulted with the Faculty Student Representative Committee, approved Dr. Lógó Emma , Vice Dean for Education Valid from 01/02/2021.

A 2.2. pontban megfogalmazott tanulási eredmények eléréséhez a tantárgy a következő tematikai blokkokból áll. Az egyes félévekben meghirdetett kurzusok sillabuszaiban e témaelemeket ütemezzük a naptári és egyéb adottságok szerint.