Course syllabus adopted 2025-02-20 by Head of Programme (or corresponding).
Overview
- Swedish nameFinansiell analys och företagsvärdering
- CodeTEK946
- Credits7.5 Credits
- OwnerTKIEK
- Education cycleFirst-cycle
- Main field of studyIndustrial Engineering and Management
- DepartmentTECHNOLOGY MANAGEMENT AND ECONOMICS
- GradingTH - Pass with distinction (5), Pass with credit (4), Pass (3), Fail
Course round 1
- Teaching language Swedish
- Application code 51128
- Open for exchange studentsNo
- Only students with the course round in the programme overview.
Credit distribution
Module | Sp1 | Sp2 | Sp3 | Sp4 | Summer | Not Sp | Examination dates |
|---|---|---|---|---|---|---|---|
| 0124 Examination 6 c Grading: TH | 6 c |
| |||||
| 0224 Project 1.5 c Grading: UG | 1.5 c |
In programmes
Examiner
- Anders Isaksson
- Associate Professor, Entrepreneurship and Strategy, Technology Management and Economics
Eligibility
General entry requirements for bachelor's level (first cycle)Applicants enrolled in a programme at Chalmers where the course is included in the study programme are exempted from fulfilling the requirements above.
Specific entry requirements
The same as for the programme that owns the course.Applicants enrolled in a programme at Chalmers where the course is included in the study programme are exempted from fulfilling the requirements above.
Aim
The course aims to provide basic knowledge in financial analysis and business valuation.Learning outcomes (after completion of the course the student should be able to)
- Basic knowledge of accounting design- Basic knowledge of the components of the annual report (balance sheet, income statement, cash flow analysis, etc.)
- Skill in conducting a strategic analysis, using industry analysis, competitive analysis, and environmental analysis to identify a company's main profit drivers and risk factors
- Skill in performing external financial analysis
- Skill in conducting basic business valuation
- Understanding how the company's financial performance, position, and financing are affected by its operations and their conditions
- Understanding how the company's financial strategy impacts company value
- Skill in using Excel as a tool for financial analysis
- Ability to conduct a comprehensive analysis (SWOT analysis)
Content
- Introduction to economic analysis- Basic concepts in external accounting
- Fundamentals of fundamental analysis
- The concept of value (efficient capital markets)
- Strategic analysis (Porter's five forces model, Porter's three generic strategies, PEST analysis)
- Competitor and industry analysis
- Understanding the annual report (balance sheet and income statement)
- Accounting analysis as a step in fundamental analysis
- Financial analysis: Key ratios for measuring growth, profitability, financial strength, and efficiency
- Comprehensive profitability analysis ("DuPont model")
- Calculation of risk versus financial structure
- Stock analysis (analysis of listed companies)
- Stock-related key ratios
- The concept of risk and its measures (variance, beta value)
Return valuation
- Fundamentals of present value calculation
- Simplified methods for business valuation (sustainable earnings and comparative valuation)
- Valuation models based on company dividends
- Valuation models based on company cash flow
- Asset valuation
- Excel for financial analysis and valuation
Organisation
- Lectures and independent exercises - Project workLiterature
- Course literature is announced on the course website two weeks before the course starts.Examination including compulsory elements
- An individual written exam - A written report on the financial analysis projectThe course examiner may assess individual students in other ways than what is stated above if there are special reasons for doing so, for example if a student has a decision from Chalmers about disability study support.