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EQUITY ANALYSIS

2017-2018

IESEG School of Management ( IÉSEG )

Code Cours :

1718-IÉSEG-MBK1S1-FIN-MBKCI06UE

FINANCE


Niveau Année de formation Période Langue d'enseignement 
MSc in Investment Banking and Capital Markets1S1English
Professeur(s) responsable(s)R.BEAUPAIN
Intervenant(s)R.BEAUPAIN


Pré requis

- Financial Data Services: Boomberg/Thomson Reuters EIKON
- Corporate Financing Strategy
- Investments

Objectifs du cours

At the end of the course, the student should be able to:
- Critically describe the characteristics of standard valuation techniques
- Use Bloomberg/Thomson Reuters EIKON analytics and extract data for determining the value of equity or companies
- Estimate the cost of the various sources of financing used by a firm
- Assess the sensitivity of value estimates to model assumptions
- Build a spreadsheet valuation model in Microsoft Excel and link it to real-time data from Bloomberg/Thomson Reuters EIKON

Contenu du cours

This course focuses on the typical tasks conducted by financial analysts in determining the value of financial assets (debt, equity or companies) and covers the techniques traditionnally applied in valuation. After an introduction to valuation techniques (discounted cash flows, relative valuation, and contingent claim methods) and to key concepts in valuation (discount rates and cash flows), the sensitivity of value estimates to the model assumptions is carefully examined. This course rests on Bloomberg/Thomson Reuters EIKON data and analytics and provides students with a solid background to value companies on the basis of professionnal financial data services. At the end of this course, students are expected to build their own valuation model in Microsoft Excel and apply it to an existing company.


Modalités d'enseignement

Organisation du cours

TypeNombre d'heuresRemarques
Face to face
Interactive class16,00  
Independent study
Group Project18,00  
Estimated personal workload16,00  
Charge de travail globale de l'étudiant50,00  

Méthodes pédagogiques

  • Research
  • Project work
  • Interactive class


Évaluation

This course is assessed through a valuation assignment for which students build their own valuation model of one company, write a technical report and conclude with an analyst report in which they issue a final recommendation.

Type de ContrôleDuréeNombrePondération
Others
Group Project10,001100,00
TOTAL     100,00

Bibliographie

  • Bodie, Z., Kane, A. and Marcus, A.J. (2014): Investments, 10th Edition. McGraw-Hill Education. -




 
* Informations non contractuelles et pouvant être soumises à modification
 
 
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