BANKING VALUATION

Code Cours
2324-IÉSEG-M1S2-FIN-MA-EI103E
Language of instruction
English
Teaching content
FINANCE
This course occurs in the following program(s)
Training officer(s)
J.LEFEBVRE
Stakeholder(s)
G.TIBERGHIEN
Level
Master
Program year
Period

Présentation

Prerequisite
*Prerequisite: FUNDAMENTALS OF BANKING
*Non-required but beneficial: Banking and Financial Regulation (Master course offered by the Finance track)
Goal
At the end of the course, the student should be able to:

- Understand the relationship between banks and the economy as a whole
- Understand and build a bank's P&L based on various ratios
- Understand banks regulation and how it impacts banks earnings and profitability
- Value banks based on various valuation methodologies: price to earnings ratio, price to book value multiple, Sum-of-the parts, dividend yield, implied cost of equity
Model merger synergies
Presentation
*What is the role of banks in the economy
*Why regulators and governments care so much about banks
*What does the balance sheet of a bank look like and how a bank makes money
*Basel 1, 2, 3 and 4. Capital stack and the bail-in directive
*Liquidity ratios
*Valuing banks
*Consolidation

Modalités

Organization
Type Amount of time Comment
Présentiel
Cours interactif 4,00
Cours magistral 12,00
Travail personnel
Charge de travail personnel indicative 4,00
Charge de travail personnel indicative 4,00
Overall student workload 24,00
Evaluation
The banks' valuation course is complex but fascinating for students who have an interest in banks and their role in the economy or who might want to work in a bank. Active participation is encouraged and will represent a significant part of the assessment.
Control type Duration Amount Weighting
Contrôle continu
Participation 0,00 0 40,00
Examen (final)
Examen écrit 0,00 0 40,00
Autres
Projet Collectif 0,00 0 20,00
TOTAL 100,00