Business Analysis and Valuation

This course provides a comprehensive framework for analyzing and interpreting the financial statements of publicly traded firms, with a strong emphasis on valuation and performance evaluation. Students learn how to assess a company's strategies, risks, competitive positioning, and macroeconomic environment by examining its financing, investing, and operating activities. Through this analysis, students forecast pro forma financial statements, estimate free cash flows and earnings, and determine the weighted average cost of capital. These projections serve as inputs for a range of valuation models—based on earnings, cash flows, dividends, and market multiples—to estimate the intrinsic and fair value of the firm and its common equity. The course equips students with the tools to evaluate both corporate and managerial performance and forecast future financial outcomes.