Avaliação de Empresas

N/A

This course uses the following teaching methodologies: 1) Verbal Methodologies (saying), using the following pedagogical resources: Exposition, Explanation, and Dialogue; 2) Active Methodologies (doing), using the following pedagogical resources: Exercise Sheets and Worksheets.

By the end of the course, students are expected to be able to:

a) Identify the main issues related to business valuation;

b) Understand the various phases of the valuation process;

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

d) Understand the various concepts of value;

e) Master the various methods of business valuation;

f) Identify the advantages and limitations of the various valuation methods;

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

1 Fundamentals of Business Valuation

1.1 Main Definitions of Value

1.2 Fundamental Assumptions of Business Valuation

1.3 Due Diligence

2 Business Valuation Methods and Models

3 Static Perspective

3.1 Asset-Based Approach

3.2 Market Comparison Approach

4.0 Cost of Capital

4.1 Estimating the Cost of Equity Using the CAPM

4.2 Typology of Costs of Capital

5 Future Perspective and Time Value of Money

5.1 Dividend Perspective: The Gordon and Shapiro Model

5.2 Company Value Based on Future Growth Opportunities

5.3 Valuation Models Using Discounted Cash Flows

6 Economic Value Added (EVA) and Market Value Added (MVA) Models

6.1 EVA and MVA

6.2 Comparison between EVA, MVA, and FCFF. 7 Corporate Restructuring

7.1 Corporate Governance and Agency Problems.

7.2 Types and Restructuring Operations for Companies in Difficulty.

• - Exam - 100.0%

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

NAO