Valuación de empresas

Go to Course: https://www.coursera.org/learn/valuacionempresas

Introduction

### Course Review and Recommendation: "Valuación de Empresas" #### Overview "Valuación de Empresas," offered by the National Autonomous University of Mexico (UNAM) on Coursera, is an essential course for financial managers and professionals looking to deepen their understanding of company valuation. As businesses reach a phase where expansion through mergers and acquisitions becomes viable, the need to accurately assess both their own value and that of target companies arises. This course thoroughly prepares participants for these crucial financial decisions by diving into different valuation methods and strategies. #### Course Content and Syllabus The course is structured into five comprehensive modules, each focusing on key valuation methods. Participants will engage with various micro-cases and peer-evaluated exercises, ensuring an interactive and practical learning experience. 1. **Module 1: Valuation Based on Historical and Future Cash Flows** This module kicks off the course by teaching participants how to calculate a company's value using historical cash flows and projected future cash flows. These valuation methods are widely recognized in the financial market, providing a solid foundation for further study. 2. **Module 2: Valuation Using Corrected Book Value and Historical and Future Profitability** Here, learners explore ways to determine a company's value based on corrected book value, net income, and both historical and future operational profits. This approach ties financial history to current valuation practices. 3. **Module 3: Future Financial Value with Black-Scholes and Perpetuity Models** In this module, students will master how to establish future financial value by employing the Black-Scholes model alongside perpetuity valuation. This adds depth to their understanding of how potential future gains can influence current valuation. 4. **Module 4: Goodwill and Price-Earnings Ratio Valuation** The focus of this module is on valuing a company based on goodwill and the price-earnings (P/E) multiple. Learning to assess intangible assets like goodwill is crucial for a comprehensive valuation approach. 5. **Module 5: Economic Value Added (EVA) and Economic Operating Generation (GEO)** Lastly, participants will delve into advanced valuation metrics such as EVA and GEO, which provide insights into a company's financial performance beyond traditional profit measures. #### Course Delivery and Learning Experience The course format is accessible and engaging, combining theoretical knowledge with practical applications. The use of micro-cases allows participants to apply what they learn in real-world scenarios, fostering a deeper understanding of complex concepts. Peer evaluations promote collaboration and provide varied perspectives, enriching the learning experience. #### Who Should Take This Course? This course is highly recommended for finance professionals, investment analysts, business owners, and anyone involved in financial decision-making regarding mergers and acquisitions. The skills acquired from this course are not only applicable in corporate finance but also invaluable in entrepreneurial ventures where valuation plays a pivotal role. #### Final Recommendation If you’re looking to enhance your skill set in business valuation, "Valuación de Empresas" is an excellent choice. Its comprehensive syllabus, expert instruction, and practical focus make it a standout course in the realm of corporate finance. Investing time in this course may very well be a decisive step in advancing your career and refining your financial acumen. Whether for personal interest or professional obligation, this course delivers the tools and knowledge necessary to navigate the complexities of company valuation effectively.

Syllabus

Valuación de Empresas

El participante, mediante la solución de microcasos y ejercicios evaluados por pares, aprenderá a determinar el valor de una empresa, mediante los métodos revisados durante el curso.

En el módulo 1, revisaremos la forma de determinar el valor financiero con base en los flujos netos históricos de efectivo y en los flujos netos futuros de efectivo, dos de los métodos más reconocidos por el mercado para valuar empresas.

En el módulo 2, revisaremos la forma de determinar el valor de la empresa con base en valor corregido en libros y con base en utilidad neta y utilidad de operación histórica y futura.

En el módulo 3, revisaremos la forma de determinar el valor financiero futuro con base en el modelo Black & Scholes y con base en el modelo de perpetuidad.

En el módulo 4, revisaremos la forma de determinar el valor de la empresa con base en el Goodwill y con base en el múltiplo-precio-acción.

En el módulo 5, revisaremos la forma de determinar el valor de la empresa con base en el Valor Económico Agregado (EVA) y con base en la Generación Económica Operativa (GEO).