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Equity and Fixed Income Valuation

Module code: ACFI 2304

Module description

Financial analysis is largely based on the use and deciphering of economic, accounting and other relevant financial information. Using various sources of data, investors and general economic agents are given the opportunity to make informed decisions regarding a prospective course of action. The objective of this module is to introduce students to the examination an analysis of accounting, financial and economic data and the various concepts and techniques employed to support the comparative measurement of risk and return when making investment or credit decisions.

Students will be introduced to the importance of fundamental analysis for efficient financial decision-making and the key techniques employed when analysing financial statements. This module also considers basic equity and fixed income valuation techniques, such as the mechanics of asset-based and relative-value measurement techniques, the estimation of intrinsic values in equity valuation, macromarket and micromarket analysis, industry analysis; as well as the use of measures for added value such as EVA, MVA and SVA.

Finally, consideration will also be given to the structure of the debt market, its key instruments, the evaluation of debt instruments, the risk associated with them and its estimation.

Contact hours per student per year

  • Lectures: 19 hours
  • Tutorials: 19 hours
  • Other: 6 hours

Assessments

  • Group assignment: 40%
  • Unseen exam: 60%

Additional costs: No extra costs other than purchase of books

 
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