154-0927/01 – Financial and real assets valuation (OFRA)

Gurantor departmentDepartment of FinanceCredits10
Subject guarantorprof. Dr. Ing. Dana DluhošováSubject version guarantorprof. Dr. Ing. Dana Dluhošová
Study levelpostgraduateRequirementChoice-compulsory type B
YearSemesterwinter + summer
Study languageCzech
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesDoctoral
Instruction secured by
LoginNameTuitorTeacher giving lectures
DLU30 prof. Dr. Ing. Dana Dluhošová
KRE330 doc. Ing. Aleš Kresta, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Examination 28+0
Part-time Examination 28+0

Subject aims expressed by acquired skills and competences

The course is aimed at deepening and expanding knowledge in the framework of valuation of financial and real assets of companies and institutions. The aim of the course is to apply and compare advanced valuation approaches in the process of asset valuation.

Teaching methods

Lectures
Individual consultations

Summary

Compulsory literature:

HITCHNER, J. H. Financial Valuation: Applications and Models. 3rd ed. Wiley, 2011. DAMODARAN, A.: Investment valuation: and Techniques for Determining the Value of Any Asset. John Wiley & Sons, Inc., 2012. KOLLER, T., GOETHARD, M., WESSELS, D.: Valuation: Measuring and Managing the Value of Companies. 5th ed. Wiley. 2010.

Recommended literature:

BREALY, R. A., MYERS, S. C. Teorie a praxe firemních financí. Praha: Computer Press, 2000. COPELAND, T., KOLLER, T., MURRIN, J. Stanovení hodnoty firem. Praha: Victoria Publishing, 1994. DLUHOŠOVÁ, D. et al. (2014). Financial Management and Decision-making of a Company. Analysis, Investing, Valuation, Sensitivity, Risk, Flexibility. SAEI, vol. 28. Ostrava: VŠB-TU Ostrava.

Way of continuous check of knowledge in the course of semester

oral examination

E-learning

Další požadavky na studenta

There are no other requirements on student.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

- approaches to company valuation using advanced methods, - the process of valuation of enterprises and the characteristics of the stages, - strategic analysis of companies and sectors, - proposal of the financial plan for the valuation of companies, - cost of capital and methods of determination, - overview and comparison of company valuation methods, - property valuation methods of companies. - income valuation methods of companies (DCF-entities, DCF-equity, DCF-APV, methods of capitalized profits, EVA-entity, EVA-equity), - multi-stage issues in income valuation methods. Comparative methods. Combined methods, - mergers and acquisitions, - synergies valuation.

Conditions for subject completion

Part-time form (validity from: 2019/2020 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Examination Examination  
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2020/2021 (P0412D050003) Finance P Czech Ostrava Choice-compulsory type B study plan
2020/2021 (P0412D050003) Finance K Czech Ostrava Choice-compulsory type B study plan
2019/2020 (P0412D050003) Finance P Czech Ostrava Choice-compulsory type B study plan
2019/2020 (P0412D050003) Finance K Czech Ostrava Choice-compulsory type B study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner