Avaliação de Empresas

NA

In this curricular unit the following teaching methodologies are used:

1) Verbal Methodologies (saying), making use of pedagogical resources: Exposition, Explanation and Dialogue; 2) Active Methodologies (doing), making use of pedagogical resources: Exercise Sheets and Work Sheets.

It is expected that at the end of the course the student will be able to:

a) Identify the main problems related to company valuation;

b) Know the different phases of the evaluation process;

c) Understand the importance of diagnosis and identify its main functions in the assessment process;

d) Know the different notions of Value;

e) Master the different methods of evaluating companies;

f) Identify the advantages and limitations of the different evaluation methods;

g) Know how to select and apply the most appropriate method for each assessment case

1 Fundamentals of company valuation

1.1 Main value definitions

1.2 Fundamental premises of company valuation

1.3 Due Diligence

2 Company valuation methods and models

3 Static Perspective

3.1 asset-based approach

3.2 Market Approach 4 0 Cost of Capital

4.1 Estimation of the cost of equity by CAPM

4.2 Typology of capital costs

5 Future perspective and time value of money

5.1 Dividend perspective: the Gordon and Shapiro model

5.2 Company value due to future growth opportunities

5.3 Valuation models using discounted cash flows

6 Economic Value Added (EVA) and Markeé Value Added (MVA) Model

6.1 0 EVA and MVA

6.2 Comparison between EVA and MVA and FCFF.

7 Company restructuring

7.1 Corporate governance and agency problems.

7.2 Typologies and restructuring operations for companies in difficulty.

• - Frequency - 60.0%
• - Individual and/or Group Work - 40.0%

• - Exam - 100.0%

NAO