AEM 5280
Last Updated
- Schedule of Classes - May 19, 2024 7:32PM EDT
- Course Catalog - May 19, 2024 7:07PM EDT
Classes
AEM 5280
Course Description
Course information provided by the Courses of Study 2023-2024.
This course is about the analysis of financial information for making decisions to invest in businesses. The primary focus is on quantitative stock selection and equity (share) valuation. Various valuation models will be examined in detail and applied in cases and projects involving listed companies. First, the issue of market efficiency will be explored. Second, important quantitative stock selection methods will be examined. Third, discounted cash flow models will be examined. This include models of shareholder value, the analysis of profitability, growth and valuation generation in a firm, forecasting earnings and cash flows, pro-forma analysis for strategy and planning, analysis of risk, and the determination of price/earnings and market-to-book ratios. Advanced topics on valuation including valuation by multiples and earnings management will then be discussed.
When Offered Spring.
Prerequisites/Corequisites Prerequisite: AEM 2240 or equivalent.
Comments An extra 10-page project is required for students who are enrolled in AEM 5280.
Outcomes- Students will learn how to detect market efficiency, stock screening, and the relevance of cash-flows, dividends, earnings, and book values.
- Students will be able to extract information from the financial statements for valuing equities.
- Students will survey some of the most important quantitative techniques and profitable strategies in equity markets.
- Students will identify the role of financial statements in calculating equity values.
- Students will be able to perform ratio analysis on companies.
- Students will determine whether a firm's P/E and price-to-book ratio are justified, and detect some common earning management tricks.
Regular Academic Session. Combined with: AEM 4280
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Credits and Grading Basis
3 Credits Opt NoAud(Letter or S/U grades (no audit))
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Class Number & Section Details
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Meeting Pattern
- MW Warren Hall B75
- Jan 22 - May 7, 2024
Instructors
Ng, D
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Additional Information
Instruction Mode: In Person
Regular Academic Session. Combined with: AEM 4280
-
Credits and Grading Basis
3 Credits Opt NoAud(Letter or S/U grades (no audit))
-
Class Number & Section Details
-
Meeting Pattern
- MW Warren Hall B75
- Jan 22 - May 7, 2024
Instructors
Ng, D
-
Additional Information
Instruction Mode: In Person
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