Macquarie University

Applied Business Valuation - AFCP860

The use of DCF and multiples valuation methods is common in many corporate finance applications. There are also many situations that require formal valuations to be prepared. These include independent experts' reviews; purchase price allocations; valuation in regulated industries; Impairment reviews; values for tax purposes, valuing non-traded assets and business appraisals. These situations often require consideration of valuation issues not addressed in the textbook models, for example: valuing non-operating and non-marketable assets; minority interests; control and liquidity premia; brand valuation; key man and other discounts. The valuation of a range of securities may also be required. This unit equips students to apply a consistent framework to develop robust valuations in the contexts described above, including relevant empirical research. This course is targeted at those interested in valuation roles, particularly in professional services firms, investment bankers and equity analysts, and for those required to prepare valuations in legal or regulatory contexts. Topics covered include the analysis of valuation of requirements, development of a framework for applying valuation discounts, detailed review of multiples and other non DCF valuation methods, and the valuation of debt securities, preference shares, hybrids and convertible notes.

Timetable Information

For unit timetable information and session dates for external offerings please visit the Timetables@Macquarie Website.