The course begins with a presentation of the situations in which a valuation is necessary, which highlight the relevance of the topic. The conceptual discussion concentrates on the discounted cash flow method (APV, WACC and FTE), while also introducing risk-neutral valuation procedures. Relevant surpluses and cost of capital are derived and the robustness of the methods is checked - depending on the assumed financing strategy and taking into account taxes. In addition, we consider the valuation with multipliers, which is quite popular in practice. Real-world transactions illustrate the application of the methods. Value based management is discussed as an application of continuous company valuation. The analysis of various consulting performance measures and value drivers concludes the course.

Latest information on the Company Valuation & Value Based Management course can be found on the learning platform ILIAS.