- To acquire knowledge of the field of management in financial markets and products.
- To know the tools used by managers in financial markets.
- To develop the ability to assess the use of each instrument and its risks.
- To develop the ability to apply theoretical knowledge in practical cases.
- To develop the capacity of analysis and synthesis.
Session 1
Prof. Ramón Alfonso
ramon.alfonso@salle.url.edu
Análisis y valoración de empresas I
80% Teoría + 20% Práctica
- Income statement analysis.
- Margin analysis.
- Cash flow interpretation.
- Break-even point, cost analysis, EVA.
Practice block:
- Not applicable.
Subsequent assignments:
- Practice 1: Fiat case (Deposit eStudy)
Practice block:
- Not applicable.
Subsequent assignments:
- Practice 1: Fiat case (Deposit eStudy
Session 2
Prof. Ramón Alfonso
ramon.alfonso@salle.url.edu
Business Analysis and Valuation II
60% Theory + 40% Practical
Pre-assignments:
- No previous tasks required
Session content:
Theory block:
- Profitability analysis: Margin and turnover.
- Operating profitability.
- Financial profitability.
- Profitability and financial leverage.
Practical block:
-
Practical solution 1: Fiat case.
Subsequent tasks:
- Practical 2: Indra case (Deposit eStudy)
Session 3
Prof. Ramón Alfonso
ramon.alfonso@salle.url.edu
Business Analysis and Valuation II
60% Theory + 40% Practical
Pre-assignments:
- No pre-assignments required
Session content:
Theory block:
- Valuation methodologies.
- Multiples methods.
- Discounted cash flow methods.
Practical block:
- Practical solution 2: Indra case
Subsequent tasks:
- Prepare Continuous Assessment Test 1
Session 4
Prof. Ramón Alfonso
ramon.alfonso@salle.url.edu
Business Analysis and Valuation II
60% Theory + 40% Practical
Pre-assignments:
- No pre-assignments required
Session content:
Theory block:
- Determination of the cost of capital.
- Optimal capital structure.
- Operating and financial leverage.
- Corporate operations.
Practice block:
- Continuous Assessment Test 1
Subsequent assignments:
- Practice 3: Cable Marketing Case (deposit eStudy).
Session 5
Prof. Ramón Alfonso
ramon.alfonso@salle.url.edu
Business Analysis and Valuation II
60% Theory + 40% Practical
Pre-assignments:
- No pre-assignments required
Session content:
Theory block:
- Money market.
- Fixed income assets.
- Public debt market.
- Fixed income valuation.
- Risks associated with fixed income.
Practice block:
- Practical solution 3: Comercializadora de Cables case
Subsequent tasks:
- Practice 4: Grifols case (deposit eStudy).
Session 6
Prof. Ramón Alfonso
ramon.alfonso@salle.url.edu
Business Analysis and Valuation II
60% Theory + 40% Practical
Pre-assignments:
- No previous tasks are required
Session content:
Theory block:
- Stock market.
- Stock market operations.
- Stock market indexes.
- Foreign exchange market.
Practical block:
- Solution Practice 4: Grifols case
Subsequent tasks:
- Prepare Continuous Assessment Test
Session7
Prof. Ramón Alfonso
ramon.alfonso@salle.url.edu
Business Analysis and Valuation II
60% Theory + 40% Practical
Pre-assignments:
- No previous tasks required
Session content:
Theory block:
- Financial planning instruments.
- Strategic planning.
- Budget planning.
- Financial resources.
Practical block:
- Continuous Assessment Test
Subsequent tasks:
Session8
Prof. Ramón Alfonso
ramon.alfonso@salle.url.edu
Business Analysis and Valuation II
60% Theory + 40% Practical
Pre-assignments:
- No pre-assignments
Session content:
Theory block:
- Definition of collective investment institutions.
- Types of funds and investment companies.
- Pension plans and funds.
- Retirement planning.
- Taxation of financial products and operations.
Practice block:
- Solution Practice 5. Case estimate Strategic Plan
Subsequent tasks:
- Preparation for the final exam
- Practice 5. Case estimate Strategic Plan (Deposit eStudy).
Session9
Prof. Ramón Alfonso
ramon.alfonso@salle.url.edu
Business Analysis and Valuation II
60% Theory + 40% Practical
Pre-assignments:
- No previous assignments
Session content:
8
Theory block:
- Asset allocation.
- Definition of investment policy.
- Portfolio construction process.
Practice block:
- No specific tasks
Subsequent tasks:
- Study contents of the course for the final exam.
Session 10
Prof. Ramón Alfonso
ramon.alfonso@salle.url.edu
Business Analysis and Valuation II
60% Theory + 40% Practical
Previous tasks:
- Study subject contents for the final exam.
Content of the session:
- Final exam of the subject.
- Resolution of the final exam of the subject
Subsequent tasks:
- Not applicable.
Before the beginning of the session, students must work on their own to solve the proposed cases
, which must be deposited in eStudy before the beginning of the class.
The classes are divided into two blocks
- Theory block:
o The teacher teaches the concepts and tools related to the subject matter
of the session.
-Practice block:
o Students apply and develop the concepts and tools through the
resolution of practical exercises.
Final Exam (individual) 50%: At the end of the last session there will be a multiple-choice exam that
collects questions about the previous sessions. It will consist of 20 questions to be solved in 40
minutes. Each question is worth 0.5 points. Incorrect answers subtract 0.2 points. The teacher
will correct the exam questions after all students have handed in their answers. It is a requirement
to take this final exam in order to pass the course. With a grade equal to or
higher than 5 in the final exam, the average is calculated together with the rest of the evaluation systems
to determine the grade of the course. With a grade lower than 5 in the final exam, the subject
will be suspended without the possibility of calculating the average together with the rest of the evaluation systems
. In extraordinary convocation the maximum grade of the final exam will be 7/10.
Practical Cases (group work) 30%: The resolution of the different cases and exercises (Practice
1 to 6) must be done in groups and must be deposited in the eStudy well on the date
indicated by the professor. The cases and exercises to solve will have an extension always
inferior to 4 pages. Once the deadline has arrived and the well is closed, the groups that have not
deposited them will lose the points that correspond to them. The solution of the different exercises and
cases will be done in class after the delivery in the eStudy.
Continuous evaluation test (individual): 20%. Two continuous evaluation tests will be given at
session 4 and session 8. In the continuous evaluation test the student must answer a questionnaire
about the contents of the previous sessions. It will not be possible to consult any
material of support during the accomplishment of the questionnaire. These questionnaires will be of
individual realization. The questionnaires will be carried out in the time interval assigned during
the Practice Block. The questionnaire contains 10 multiple-choice questions with only one correct answer
. Each correct question is worth 1 point. Incorrect answers deduct 0.25 points. The teacher
will correct the quiz questions after all students have
handed in the quiz.
Finally, the professor will publish the grades of the different evaluation systems in the eStudy,
and will notify the students that these are available for consultation.
A minimum attendance of 75% is required. Students who do not meet this requirement
will fail the final exam and must sit for the extraordinary exam with a maximum grade of 7 (seven)
Artificial Intelligence (AI) can help in the learning process, but we must make an appropriate use of it
. Students who choose to use an AI in their work should include
a paragraph at the end of the assignment or activity in which they have used such a tool and explain
why they decided to use it and the results obtained with it. Failure to include this
information will be considered as an attempt at fraud or cheating, as it misleads the
Evaluation System. In these cases, the sanctions foreseen in the Copying Regulations of Salle
Campus Barcelona (https://www.salleurl.edu/en/copies-regulation) will be applied.
Investments, Zvi Bodie, Alex Kane, Alan J. Marcus. McGraw-Hill, 10th Edition, 2014.
- Mercado de renta variable y mercado de divisas, Xavier Brun, Oscar Elvira, Xavier Puig,
Ed. Profit, 2008.
- Money Market and Fixed Income Market, Pablo Larraga, Ed. Profit, 2008.
- How to Interpret Economic Information, Xavier Brun, Pablo Larraga, Miriam
Moya, Ed. Profit, 2008
- Taxation of Financial Products and Operations, Albert Sagués, Ed. Profit, 2008