Course syllabus for Financial statement analysis and corporate valuation

The course syllabus contains changes
See changes

Course syllabus adopted 2024-06-07 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 51150
  • Open for exchange studentsNo
  • Only students with the course round in the programme overview.

Credit distribution

0124 Examination 6 c
Grading: TH		 6 c
  • 16 Jan 2025 pm J DIG
  • 14 Apr 2025 pm J DIG
  • 25 Aug 2025 pm J DIG
0224 Project 1.5 c
Grading: UG		 1.5 c

In programmes

Examiner

Go to coursepage (Opens in new tab)

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 work

Literature

- 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 project

The 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.

The course syllabus contains changes

  • Changes to examination:
    • 2024-08-28: Examination datetime Examination datetime changed from 2024-10-11 Morning to 2025-04-14 Afternoon by Elin Johansson
      [2024-10-11 6,0 hec, 0124]
    • 2024-08-28: Examination datetime Examination datetime changed from 2025-06-02 Morning to 2025-01-16 Afternoon by Elin Johansson
      [2025-06-02 6,0 hec, 0124]