The course introduces students to contemporary theory and practice in financial analysis and company valuation. The course is taught from the perspective of equity analysts as primary participants in the valuation of publicly traded companies. It has a practical orientation and is designed to equip students with the skills required to conduct comprehensive equity analysis and to produce professional, analyst-style valuation reports.

8 x 2 hour practical classes and workshops

4 x 1 hour tutorials

None

None

1. Report; Group; 1,875 words; 25%; ILOs 1-5.

2. Degree exam: on campus; Individual; 120 minutes; 75%; ILOs 1-3.

It is the default expectation that all courses will offer opportunities for reassessment or deferred assessment. Where it is not possible to offer this in some assessment components, the grade achieved at the first attempt will be counted towards the final course grade, and any exceptions for this course are described below.

[No exceptions]

The aims of this course are to advance students' critical understanding and technical competence in the use of analytical frameworks and tools to analyse listed companies' performance, prospects, and valuation, in order to inform equity investment decisions.

By the end of this course, students should be able to:

1. Critically evaluate the complexities and challenges inherent in equity research and valuation practice.

2. Analyse and assess companies' business, financial performance and position.

3. Apply critical judgement to develop and justify forecasting and valuation assumptions, and carry out valuation of listed companies.

4. Produce an equity valuation research report.

5. Collaborate effectively in a group to produce joint outputs through effective peer engagement, task allocation, and coordination of group activities.