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Sure! Here's a comprehensive review and recommendation for the "Valuation of Share" course on Coursera: --- **Course Review: Valuation of Share on Coursera** The "Valuation of Share" course offers an in-depth introduction to the fundamental concepts behind valuing shares of a company. This course is designed for students, professionals, and anyone interested in understanding how shares are valued, whether for mergers, acquisitions, internal restructuring, or personal investment decisions. **Course Content Overview:** The course covers the essential purposes of share valuation, including mergers (amalgamation), internal reconstruction, conversion of shares, and share transfer as gifts. It provides real-world examples of company mergers and acquisitions, such as GlaxoSmithKline Beecham, Arcelor Mittal, Vodafone Idea, and several significant industry consolidations like Hindustan Unilever with Kwality Foods, or Vodafone with Hutch. Participants learn about multiple valuation methods: - **Assets Valuation Method:** Focusing on total assets and liabilities, with specific rules for preference shares. - **Income Valuation Method:** Including dividend yield and earnings-based valuation. - **Fair Valuation Method:** Using average or fair value calculations. - **Earnings Per Share Method:** As a crucial indicator. These methods are explained with clarity, supported by practical examples, making complex concepts approachable for learners at various levels. **Review:** The course is well-structured, providing a comprehensive overview of the different scenarios where share valuation is necessary. Its emphasis on real-world examples, including mergers and absorption cases, enhances practical understanding. Although the syllabus does not specify detailed modules, the course covers sufficient theoretical and practical aspects essential for a solid foundation in share valuation. One notable aspect is the inclusion of rules for valuing preference shares and the distinctions between assets and income methods, catering to diverse valuation scenarios. However, a potential improvement could be the addition of case studies or hands-on exercises to deepen practical insights. **Recommendation:** I recommend this course to finance students, company managers, or professionals involved in mergers and acquisitions, valuation, or financial analysis. It is highly suitable for beginners seeking foundational knowledge or intermediate learners aiming to refine their understanding of share valuation processes. In conclusion, the "Valuation of Share" course on Coursera is an informative, practical, and well-organized program that equips learners with essential skills for valuing shares effectively in various corporate scenarios. Enrolling in this course will undoubtedly enhance your understanding of financial valuation methods and their applications in the real world. --- Would you like me to help craft a short promotional summary or a personalized review based on specific interests?
Introduction of Valuation of SharesNeed or Purposes of valuation of shares:1. On Amalgamation in nature of purchaseExamples of Amalgamation Glaxo + SmithKline Beecham = GSB Arcelor Ltd + Mittal steel Ltd = Arcelor Mittal Ltd. Brooke bond Ltd + Lipton Ltd = Brooke bond India Ltd. Vodafone Ltd + Idea Ltd = Vodafone idea Ltd IDFC bank + Capital first = IDFC first bank Ltd Fox wagon India Pvt Ltd + Fox wagon group sales India Pvt Ltd + Skoda auto India = Skoda auto fox wagon India Pvt Ltd2. On the Internal reconstruction of the company3. On conversion of shares4. Shares of private companies5. Transfer of shares as gift6.For taking loan on share's security7. For determination of wealth tax8. Nationalization of companies9. On Absorption of a companyExamples of Absorption / Merger 1) Hindustan Unilever Ltd - kwality foods Ltd 2) Jet airways - Sahara airlines 3) Hutch - Essar 4) Vodafone - Hutch 5) Mahindra - Satyam computers 6) Microsoft - Skype 7) Google - Youtube 8) Google - MotorolaMethods of Valuation of Shares(1) Assets valuation method:- (a) Valuation of share by Assets valuation method (For ESC): Total Assets and External Liabilities Face value different and paid up value differentFace value same but paid up value differentAssets valuation method (For PSC)Rules for valuation of preference share(2) Income valuation method Income valuation method or Dividend yield method2 (a) Valuation of Share by Rate of Dividend Method: Valuation of equity share, Valuation of Preference share2 (b) Valuation of share by Rate of Earning Method(3) Fair valuation method Fair valuation method or Average method(4) Earning per share method