15.464 Valuation

Class Info

Project-based subject in which students work in teams to prepare comprehensive and detailed valuations of several major investments. Develops a deeper and more detailed understanding of valuation methods and concepts, including estimation of industry betas and costs of capital, discounting the after-tax WACC vs. the adjusted present value (APV) method, using forward and futures prices, R&D and CAPEX leverage and the two-discount-rate method, and valuing debt-equivalent cash flows and certainty equivalents. Guest speakers brief the class on some of the investments. Preference to MBA and MFIN students.

This class has 15.141, 15.402, 15.414, 15.415, 15.515, and 15.516 as prerequisites.

15.464 will not be offered this semester. It will be instructed by S. Myers.

This class counts for a total of 9 credits. This is a graduate-level class.

In the Spring 2013 Subject Evaluations, 15.464 was rated 6.4 out of 7.0. You can find more information at the MIT Sloan Finance Courses site.

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