VŠTE:N_OCP_2 Valuation of a business II

N_OCP_2 Valuation of a business II

Institute of Technology and Business in České Budějovice
winter 2025

Extent and Intensity

2/2/0. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Veronika Šanderová, MSc., PhD. (seminar tutor)
Ing. Jan Vokoun (seminar tutor)

Guaranteed by

Ing. Veronika Šanderová, MSc., PhD.
Department of Corporate Finance and Economics – School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice
Supplier department: Department of Corporate Finance and Economics – School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice

Timetable of Seminar Groups

N_OCP_2/P01: Wed 11:25–12:55 E6, V. Šanderová
N_OCP_2/S01: Thu 11:25–12:55 H209, J. Vokoun

Prerequisites (in Czech)

NZ_OCP_1 Business valuation

Course Enrolment Limitations

The course is also offered to the students of the fields other than those the course is directly associated with.

fields of study / plans the course is directly associated with

Expertness (programme VŠTE, N_ZN) (2)

Course objectives supported by learning outcomes

The aim of the course is to provide students with knowledge of market and equity methods of business valuation.

Learning outcomes

Upon successful completion of the course, the student will:
Valuate a business using market methods of business valuation.
Students will value a business using equity methods of business valuation.

Syllabus

Lectures:
1. Business valuation based on market analysis
2. Valuation based on market capitalization
3. Valuation based on comparable companies
4. Valuation based on data on listed companies
5. Valuation based on comparable transactions
6. Valuation based on industry multiples
7. Valuation based on asset analysis
8. carrying amount of equity on a historical cost basis
9. intrinsic value on a replacement cost basis
10. Substantial value at cost
11. salvage value
12. Equity valuation on a market value basis I
13. Combined methods and their principles
Seminars:
1. Business valuation based on market analysis - selection of a method
2. Valuation based on market capitalization
3. Valuation based on comparable companies
4. Valuation based on data on listed companies
5. Valuation based on comparable transactions
6. Valuation based on industry multiples
7. Valuation based on asset analysis - choice of method
8. carrying amount of equity on a historical cost basis
9. Replacement cost basis
10. Substantial value at cost
11. salvage value
12. Equity valuation on a market value basis I
13. Combined methods and their principles

Literature

required literature

Zákon č. 254/2019 Sb. Zákon o znalcích, znaleckých kancelářích a znaleckých ústavech v platném znění vč. provádějících vyhlášek
MAŘÍK, Miloš a KOL. Metody oceňování podniku pro pokročilé – hlubší pohled na vybrané problémy. 3. vydání. Praha: EKOPRESS, 2023, 574 s. ISBN 978-80-87065-89-7.
DAMODARAN, A., 2012. Damodaran on Valuation. Hoboken: John Wiley & Sons. ISBN 978-04-7175-121-2.
BREALEY, R. A., S. C. MYERS a F. ALLEN, 2014. Teorie a praxe firemních financí. Brno: BizBooks. ISBN 978-80-265-0028-5.
Zákon č. 151/1997 Sb. Zákon o oceňování majetku a o změně některých zákonů (zákon o oceňování majetku) v platném znění
Zákon č. 36/1967 Sb. Zákon o znalcích a tlumočnících v platném znění
MAŘÍK, Miloš a KOL. Metody oceňování podniku - proces ocenění a základní metody a postupy 5. vydání. Praha: EKOPRESS, 2024, 551 s. ISBN 978-80-87865-94-1.

recommended literature

KRABEC, T., 2015. Oceňování a prodej privátní zubní a lékařské praxe. Praha: Grada. ISBN 978-80-247-4866-5.
KRABEC, T., 2009. Oceňování podniku a standardy hodnoty. Praha: Grada. ISBN 978-80-247-2865-0.
KOLLER, T. a kol., 2015. Valuation: Measuring and Managing the Value of Companies. Hoboken: John Wiley & Sons. ISBN 978-11-1887-373-1.
ZIMA, P., 2016. Oceňování podniků v právní praxi. Praha: C.H. Beck. ISBN 978-80-7400-623-4.

Forms of Teaching

Lecture
Seminar
Tutorial

Teaching Methods

Frontal Teaching
Group Teaching - Cooperation
Brainstorming
Critical Thinking
Individual Work– Individual or Individualized Activity

Student Workload

Activities	Number of Hours of Study Workload
Activities	Daily Study	Combined Study
Cvičný znalecký posudek (in Czech)	33	33
Preparation for Seminars, Exercises, Tutorial	11	31
Příprava na ústní zkoušku (in Czech)	32	48
Ústní zkouška (in Czech)	2	2
Attendance on Lectures	26
Attendance on Seminars/Exercises/Tutorial/Excursion	26	16
Total:	130	130

Assessment Methods and Assesment Rate

Exam – oral 50 %
expert opinion 50 %

Exam conditions

For successful completion of the course it is necessary to achieve the sum of a minimum of 70% in the interim and final assessments under the conditions set out below.
Overall course classification, i.e. points for the mock expert opinion (50 - 0) + points from the oral examination (50 - 0): A 100 - 90, B 89.99 - 84, C 83.99 - 77, D 76.99 - 73, E 72.99 - 70, FX 69.99 - 30, F 29.99 - 0.
A full-time student is required to meet the mandatory 70% attendance in contact classes, i.e. everything except lectures. If attendance is not met, the student will automatically be graded "-"

Language of instruction

Czech

Teacher's information

Students with an Individual Study Plan (ISP) are obliged to contact the guarant of course immediately after the approval of their Individual Study Plan (ISP) via email (veronika.sanderova@mail.vstecb.cz), in case the student fails to do so, his/her ISP will not be taken into account. Students are encouraged to attend both lectures and tutorials.

Enrolment Statistics (recent)
Permalink: https://is.vstecb.cz/course/vste/winter2025/N_OCP_2

VŠTE:N_OCP_2 Valuation of a business II - Course Information

N_OCP_2 Valuation of a business II

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