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NQF credits:  14

Fourth year status‚ first/second semester course‚ two lectures per week.

Course co–ordinators:  Professor H Abraham.

Entrance requirements:  Graduate.

Course outline: 

(A) Approaches to equity valuations. 

Information gathering process.     

Technical analysis.  Assumptions and indicators.     

Fundamental analysis‚ a Top–Down approach.  Macroeconomic – Industry – Company.    

(B) Techniques for equity valuation. 

Normalisation of valuation inputs.  Adjusting financial and other information for valuation purposes.   

Earnings and balance sheet valuation models.   

Cash flow valuation models.   

Economic Value Added.   

Valuation of private equity. 

(C) Case studies in equity valuation.

(D) Corporate Finance and Value Creation. 

Capital Structure issue and case study.     

Dividend Policy issue.     

Agent/Principal problem.     

Mergers and acquisitions.

DP requirements: N/A.

Assessment:

Examination   60%

Tests/Projects 40%

Last updated : 18 Jun 2014





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