Course Detail (Course Description By Faculty)

The course covers advanced financial analysis and valuation for global firms. It is designed for students that already have a basic familiarity with corporate valuation and DCF analysis (e.g., from a corporate finance course or a prior job) as well as solid accounting knowledge. We cover financial analysis of different business models and specific situations (e.g., cyclicals, young growth companies) as well as the analysis and valuation of foreign companies (e.g., emerging markets, reporting under IFRS). Capital markets have become increasingly global, providing more opportunities for corporate investments and M&A abroad. Evaluating these global investments, however, poses unique challenges for financial analysis (e.g., regarding information, accounting and governance) as well as valuation problems.

This course is likely useful for executives in consulting, investment banking, investment management, equity or credit analysis, transaction services, private equity and venture capital, as well as corporate finance, including M&A functions. It is a capstone course, drawing on other classes at Booth.

There are no strict prerequisites for this course, so each student decides. However, I highly recommend that you have a basic familiarity with corporate valuation and DCF analysis (e.g., from a prior job or a corporate finance course). Additionally, you should have solid accounting knowledge. See syllabus. You cannot enroll if 30131 taken previously.

1. Valuation: Measuring and Managing the Value of Companies, by Tim Koller, Marc Goedhart and David Wessels, Eighth Ed., University Edition, McKinsey and Co., 2025.
2. Readings and case materials posted on Canvas (see Modules and Library Reserves)

Class participation (25%); homework assignments (40%); final project (35%). No pass/fail grades. No formal auditing (on transcript).