About this Course
38,427 recent views

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Advanced Level

Approx. 24 hours to complete

Suggested: The course consists of 4 weeks only. The estimated workload is 2-5 hours per week....

English

Subtitles: English, Spanish

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Advanced Level

Approx. 24 hours to complete

Suggested: The course consists of 4 weeks only. The estimated workload is 2-5 hours per week....

English

Subtitles: English, Spanish

Syllabus - What you will learn from this course

Week
1
1 hour to complete

Executive Summary

6 videos (Total 18 min), 1 reading, 1 quiz
6 videos
Animation - Where value comes from2m
Animation - The value of flexibility2m
Animation - Real options are everywhere!2m
Animation - The value of strategic commitment2m
Animation - Option Games: Integrating flexibility and strategic commitment3m
1 reading
Outline5m
1 practice exercise
Understanding expanded net present value24m
Week
2
5 hours to complete

Discounted Cash Flow Analysis

7 videos (Total 59 min), 6 readings, 4 quizzes
7 videos
When to use DCF approaches7m
Forecasting free cash flows based on historical performance8m
Calculating free cash flows10m
Calculating the terminal value9m
Answer to practice quiz 'WACC method'9m
Using multiples valuation9m
6 readings
Key value driver derivation (optional)10m
Answer to practice quiz 'APV Method'10m
IRR: Internal Rate of Return10m
Types of multiples15m
Checklist2m
The case of RJR Nabisco10m
3 practice exercises
WACC Method30m
APV Method30m
Test for certificate45m
Week
3
3 hours to complete

Corporate Strategy

3 videos (Total 20 min), 3 readings, 3 quizzes
3 videos
How to estimate growth option value6m
Strategic paradigms and growth option value10m
3 readings
Linking valuation to strategy10m
Economic value added (EVA)10m
Checklist2m
2 practice exercises
Corporate strategy30m
Test for certificate45m
Week
4
4 hours to complete

Corporate Real Options

11 videos (Total 81 min), 1 reading, 5 quizzes
11 videos
Animation - Real options are everywhere!2m
Timing option5m
Risk neutral valuation6m
Valuing an R&D project10m
Option to expand or contract7m
Answer to practice quiz 'Option to invest'9m
Answer to practice quiz 'Option to expand or contract'5m
Answer to practice quiz 'Option to abandon'6m
Option replication and risk neutral valuation13m
Multi-period, continuous, and compound models9m
1 reading
Checklist2m
4 practice exercises
Option to invest15m
Option to expand or contract10m
Option to abandon10m
Test for certificate45m
4.8
63 ReviewsChevron Right

Top reviews from Advanced Valuation and Strategy - M&A, Private Equity, and Venture Capital

By TTAug 5th 2019

The course offers both excellent theoretical framework and quantitative rigor. Unconventional perspective shared by the professor you would not typically find in M&A textbooks out there.

By BBJan 18th 2019

Great course for those that work and want a solid overview of important valuation material. More advanced content than in other courses and very helpful instructors!

Instructors

Avatar

Han Smit

Professor of Corporate Finance
Finance
Avatar

Dyaran Bansraj

Lecturer
Finance
Avatar

Nishad Matawlie

Lecturer
Finance

About Erasmus University Rotterdam

Erasmus University: a top-100 ranked international research university based in Rotterdam, the Netherlands. Our academic teaching and research focuses on four areas: health, wealth, culture and governance. Erasmus University Rotterdam: make it happen. ...

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

  • You can follow the MOOC without studying additional sources. Further reading of the discussed topics, including the Building Blocks) is provided in the textbook that I wrote with Lenos Trigeorgis: Strategic Investment: Real Options and Games, Princeton University Press, E-book ISBN9781400829392

  • In four weeks, we review the four most important foundations in valuation and strategy: corporate valuation, strategic management and growth option value, corporate real options, and game theory. If you don't have four weeks, you can also follow the course at your own pace. The full course content will be available from the start!

  • Yes you can!

More questions? Visit the Learner Help Center.