Facultad de Ciencias de la Empresa Facultad de Ciencias de la Empresa Facultad de Ciencias de la Empresa
HUB
HUB
Calidad
Actualidad
Agenda
International [EN]
Buscador
El Centro
Estudios
Movilidad
Empleo
Investigación
Trámites
Universidad Politécnica de Cartagena Universidad Politécnica de Cartagena Universidad Politécnica de Cartagena European University of Technology European University of Technology European University of Technology
HUB
Calidad
Actualidad
Agenda
International [EN]
Buscador
El Centro
Estudios
Movilidad
Empleo
Investigación
Trámites

Inicio / Estudios / Máster Universitario en Administración y Dirección de Empresas (MBA) / Plan de Estudios

Course Unit Description

COMPANY VALUATION

Course 2025-26

  • On-site

1.Subject data

Name: COMPANY VALUATION

Code: 212101011

Type: Elective

ECTS: 4

Length of subject: Per term

Semester and course: Second term

Speciality:

Language: English

Mode of study: On-site class

2. Lecturer data

Lecturer data: REVERTE MAYA, CARMELO

Knowledge area: Economía Financiera y Contabilidad

Department: Economía, Contabilidad y Finanzas

Telephone: 968325925

Email: carmelo.reverte@upct.es

Office hours and location:

Qualifications/Degrees:

Academic rank in UPCT: Catedrático de Universidad

Number of five-year periods: 5

Number of six-year periods: 4 de investigación

Curriculum Vitae: Full Profile

Responsible for the groups: G1, G2

Lecturer data: SÁNCHEZ HERNÁNDEZ, MARÍA DEL MAR

Knowledge area: Economía Financiera y Contabilidad

Department: Economía, Contabilidad y Finanzas

Telephone: 868071217

Email: mariadelmar.sanchez@upct.es

Office hours and location:

Qualifications/Degrees:
PhD in PhD in Economics from Technical University of Cartagena (SPAIN) - 2013

Academic rank in UPCT: Profesora Asociada

Number of five-year periods: Not applicable due to the type of teaching figure

Number of six-year periods: No procede por el tipo de figura docente

Curriculum Vitae: Full Profile

Lecturer data: GARCÍA MARTÍNEZ, JOSÉ CARLOS

Knowledge area: Economía Financiera y Contabilidad

Department: Economía, Contabilidad y Finanzas

Telephone:

Email: jose.garcia@upct.es

Office hours and location:

Qualifications/Degrees:

Academic rank in UPCT: Profesor Asociado

Number of five-year periods: Not applicable due to the type of teaching figure

Number of six-year periods: No procede por el tipo de figura docente

Curriculum Vitae: Full Profile

3. Competences and learning outcomes

3.1. Basic curricular competences related to the subject

3.2. General curricular competences related to the subject

3.3. Specific curricular competences related to the subject

3.4. Transversal curricular competences related to the subject

3.5. Subject learning outcomes

1. Conocimiento, relación y aplicación adecuada de los conceptos científicos propios de la valoración de empresas (conceptual y procedimental).
2. Capacidad para transformar la información procedente de los ámbitos externo e interno (procedimental).
3. Capacidad para el análisis y la toma de decisiones económico-financieras y contables empresariales y su implementación (procedimental).
3. Dominio del software básico necesario para el análisis y la toma de decisiones económicofinancieras y contables empresariales (procedimental).
4. Conocimiento y cumplimiento de la normativa ética propia de la profesión de valorador y analista de la empresa (conceptual y actitudinal).

4. Contents

4.1 Curricular contents related to the subject

Concepto de valor y tipos de valor (económico vs financiero), clasificación de los métodos de valoración de empresas, valoración por actualización de flujos de tesorería, valoración basada en el coste, valoración por referencias o múltiplos, métodos mixtos de valoración, problemática de la valoración de pymes, estructura de un informe de valoración.

4.2. Theory syllabus

Teaching modules

Units

1. THEORETICAL FOUNDATIONS OF THE VALUATION OF COMPANIES
2. CLASSIFICATION OF COMPANY VALUATION MODELS
3. STATIC VALUATION METHODS BASED ON THE BALANCE SHEET
4. VALUATION OF COMPANIES THROUGH MULTIPLE COMPARABLE COMPANIES
4.1.Multiples based on the capitalization of the company
4.2. Multiples based on the value of the company
4.3. Multiples based on company growth
5. VALUATION OF COMPANIES THROUGH PERFORMANCE METHODS
5.1. Cash flow discount
5.2.Horizon of the prediction and calculation of cash flows
5.3. Determination of the discount rate
5.4. Terminal Value Determination
6. PRACTICAL, COMPOUND OR MIXED ASSESSMENT METHODS
7. PARTICULARITIES OF THE VALUATION OF SMEs: THE AECA MODEL (2005)
8. STRUCTURE OF A VALUATION REPORT

4.3. Practice syllabus

Name

Description

During the course, a series of case studies will be developed that cover the content of the theory syllabus of the course.

Risks prevention

Promoting the continuous improvement of working and study conditions of the entire university community is one the basic principles and goals of the Universidad Politécnica de Cartagena. Such commitment to prevention and the responsibilities arising from it concern all realms of the university: governing bodies, management team, teaching and research staff, administrative and service staff and students. The UPCT Service of Occupational Hazards (Servicio de Prevención de Riesgos Laborales de la UPCT) has published a "Risk Prevention Manual for new students" (Manual de acogida al estudiante en materia de prevención de riesgos), which may be downloaded from the e-learning platform ("Aula Virtual"), with instructions and recommendations on how to act properly, from the point of view of prevention (safety, ergonomics, etc.), when developing any type of activity at the University. You will also find recommendations on how to proceed in an emergency or if an incident occurs. Particularly when carrying out training practices in laboratories, workshops or field work, you must follow all your teacher's instructions, because he/she is the person responsible for your safety and health during practice performance. Feel free to ask any questions you may have and do not put your safety or that of your classmates at risk.

4.4. Comments

5. Teaching method

Name

Description

Hours

In-class

Name

Class in conventional classroom: theory, problems, case studies, seminars, etc

Description

Expository class using the lecture method. Resolution of doubts raised by students.



Practical training focusing on practical issues related to theoretical knowledge.



All learning outcomes are assessed.

Hours

38

In-class

100

Name

Assessment activities (continuous assessment system)

Description

To measure the continuous assessment of the student, it refers to activities, presentations and public interventions of learned didactic contents.



All learning outcomes are assessed.

Hours

2

In-class

100

Name

Assessment activities (final assessment system)

Description

Tests to measure the student's learning.

Hours

2

In-class

100

Name

Tutorials

Description

Resolution of doubts about theory, the resolution of practical cases and cooperative learning work.

All learning outcomes are assessed.

Hours

2

In-class

50

Name

Student work: study or individual or group work

Description

The student must complete a work on the valuation of a company.

All learning outcomes are assessed.

Hours

56

In-class

0

6. Assessment method

6.1. Continous assesment system

Name

Description and criteria

Percentage

Name

Evaluation of written work, internships, cases, visits and seminars.

Description and criteria

The quality of the work and its presentation will be assessed.



All learning outcomes are assessed.

Percentage

80 %

Name

Participation and involvement in the teaching/learning process.

Description and criteria

The student's attitude and ability to work will be assessed through the preparation and delivery of practical work and participation in class.



All learning outcomes are assessed.

Percentage

20 %

6.2. Final assesment system

Name

Description and criteria

Percentage

Name

Evaluation of written work, internships, cases, visits and seminars.

Description and criteria

Presentation of the company valuation work.



All learning outcomes are assessed.

Percentage

100 %

Information

7. Bibliography and resources

7.1. Basic bibliography

Author: Aswath Damodaran
Title: Investment Valuation: Tools and Techniques for Determining the Value of Any Asset
Editorial: WILEY
Publication Date: 2012
ISBN: 978-1-118-01152-2

7.2. Supplementary bibliography

7.3. On-line resources and others

https://pages.stern.nyu.edu/~adamodar/

CRAI
Campus Virtual
Sede
UPCT-TV

(+34) 968 32 55 69

decanato@fce.upct.es

  • EL CENTRO
    • Equipo de Dirección
    • Junta Directiva
    • Secretaría Académica
    • Delegación de Estudiantes
    • Calendario del Centro
    • Profesorado
    • Departamentos
    • Normativa
  • HUB
  • ESTUDIOS DE GRADO
    • Doble Grado en Administración y Dirección de Empresas y Turismo
    • Grado en Administración y Dirección de Empresas - Plan 2009
    • Grado en Administración y Dirección de Empresas - Plan 2024
    • Grado en Turismo - Plan 2018
    • Grado en Turismo - Plan 2024
  • ESTUDIOS DE MÁSTER
    • Máster Universitario en Administración y Dirección de Empresas (MBA)
    • Máster Universitario en Dirección de Entidades de la Economía Social
    • Máster Universitario en Gestión y Dirección de Empresas e Instituciones Turísticas - Plan 2024
    • Máster Interuniversitario en Contabilidad y Finanzas Corporativas (COFIC)
    • Máster Interuniversitario en Orientación e Intermediación Laboral
    • Máster Interuniversitario en Prevención de Riesgos Laborales
  • MOVILIDAD
    • Erasmus+
  • INVESTIGACIÓN
    • Grupos de Investigación
    • Cátedras
  • ACTUALIDAD
    • Noticias
    • Agenda
  • TRÁMITES
  • CALIDAD
  • EMPLEO
  • CONTACTO
    • Ubicación

    • Calle Real, 3
      30201 - Cartagena

Conserjería
(+34) 968 32 55 69
Dirección

(+34) 968 32 55 69
decanato@fce.upct.es

Conserjería
Dirección
Logo FCE
Universidad Politécnica de Cartagena EUt+ 25 Aniversario de Universidad Politécnica de Cartagena