General Information about the Course

Course Code:	UTL712
Course Title:	Company Valuation
Course Semester:	6. Semester / Spring
Course Credits:	Theoretical Practical Credit ECTS 3 3 5
Language of instruction:	TR
Prerequisite of the course:	No
Ders İş Deneyimini Gerektiriyor mu?:	No
Type of course:	Alan İçi Seçmeli
Level of course:	Bachelor TR-NQF-HE:6. Master`s Degree QF-EHEA:First Cycle EQF-LLL:6. Master`s Degree
Course Lecturer(s):	Prof. Dr. Melih BAŞ
Course Assistants:

Purpose and content of the course

Course Objectives:	The aim of this course is to enable students to understand the fundamental concepts, methods, and analytical techniques used in firm valuation. Students will gain the knowledge and skills necessary to determine the intrinsic value of a business by applying approaches such as financial statement analysis, discounted cash flow (DCF), multiples, and market value analyses.
Course Objective:	By the end of this course, students are expected to be able to: Define the basic concepts of firm valuation, Compare different valuation methods (DCF, multiples, asset-based, etc.), Interpret financial statements and use them in the valuation process, Analyze the relationship between cost of capital, risk, and return, Conduct a practical valuation study on a real company.
Mode of Delivery:	Face to face

Learning Outcomes

Knowledge (Described as Theoritical and/or Factual Knowledge.)

1) Explain the fundamental concepts and theories of firm valuation.

Skills (Describe as Cognitive and/or Practical Skills.)

1) Analyzes and interprets valuation results and integrates them into financial decision-making processes.

Competences (Described as "Ability of the learner to apply knowledge and skills autonomously with responsibility", "Learning to learn"," Communication and social" and "Field specific" competences.)

1) Applies various valuation methods (DCF, market multiples, asset-based, etc.) to calculate firm value.

Course Topics

Week	Subject
Related Preparation	Pekiştirme
1)	Introduction to Business Valuation
2)	Concepts of Value and Price
3)	Valuation Approaches
4)	Financial Statement Analysis
5)	Discounted Cash Flow (DCF) Method
6)	Discount Rate and Cost of Capital
7)	Free Cash Flow Calculation
9)	Asset-Based Valuation Methods
10)	Option-Based Valuation Approaches
11)	Valuation of Start-ups and Growth Firms
12)	Valuation in Mergers and Acquisitions
13)	Case Studies and Practical Applications
14)	General Review and Project Presentations
References: Öztürk, H. (2021). Firma Değerlemesi: Teori ve Uygulama. İstanbul: Beta Yayınları. Akgüç, Ö. (2019). Finansal Yönetim. İstanbul: Avcıol Basım Yayın. Ercan, M. K. & Ban, Ü. (2020). Değerleme Yöntemleri ve Uygulamaları. Ankara: Gazi Kitabevi. Karapınar, A. & Demir, Y. (2022). Şirket Değerleme ve Finansal Analiz. İstanbul: Türkmen Kitabevi. Yalçıner, K. (2020). Finansal Tablolar Analizi ve Firma Değerlemesi. Ankara: Detay Yayıncılık.

Ders - Program Öğrenme Kazanım İlişkisi

No Effect	1 Lowest	2 Average	3 Highest

Ders Öğrenme Kazanımları	1	2	3
Program Outcomes
1) 1. Comprehends the theoretical background of international trade and operational information such as import, export, foreign exchange, customs and logistics.	1
2) 2. Defines business culture and marketing interaction in globalizing capital, labor and goods trade.	1	2
3) 3. Follows the global and national basic regulations related to international trade.		2	3
4) 4. Analyzes international economic and commercial developments.			3
5) 5. Defines the problems related to logistics, gains the ability to offer solutions.		2
6) 6. Gain the ability to use computer and information systems and software used in international commercial operations and data analysis.			3
7) 7. Gain research skills and analytical thinking skills.			3
8) 8. Determines the processes and results of the projects to be taken, considers cause-effect relationships, develops a strategic approach
9) 9. Determines the vision, goals and objectives of the institution in the areas in which it is assigned.
10) 10. Obtains information from different sources and has the ability to analyze and uses initiative.			3
11) 11. He/she is focused on continuous improvement and innovative in his/her field.
12) 12. He/she communicates his/her thoughts in a way that others can understand, communicates horizontally and vertically, and has high persuasion power.
13) 13. Has leadership characteristics and is close to teamwork.
14) 14. Gains B2 level knowledge in at least one foreign language within the scope of European Language Portfolio Independent User and uses these qualifications in oral and written communication.
15) 15. Organizes and implements projects and activities for the social environment in which they live, with a sense of social responsibility.
16) 16. Acts in accordance with social, scientific, cultural and ethical values in various fields of international trade.
17) 17. It analyzes the relations with the stakeholders, monitors the developments and innovations in the field, questions the position of the institution and offers suggestions.
18) 18. Has sufficient awareness of the universality of social rights, social justice, quality culture and protection of cultural values, environmental protection, occupational health and safety.			3

Course Teaching, Learning Methods

Q & A
Case Problem Solving/ Drama- Role/ Case Management
Laboratory
Quantitative Problem Solving
Fieldwork
Group Study / Assignment
Individual Assignment
WEB-based Learning
Internship
Practice in Field
Project Preparation
Report Writing
Seminar
Supervision
Social Activity
Occupational Activity
Occupational Trip
Application (Modelling, Design, Model, Simulation, Experiment et.)
Reading
Thesis Preparation
Field Study
Student Club and Council Activities
Other
Logbook
Interview and Oral Conversation
Research
Watching a movie
Bibliography preparation
Oral, inscribed and visual knowledge production
Taking photographs
Sketching
Mapping and marking
Reading maps
Copying textures
Creating a library of materials
Presentation

Evaluation System

Semester Requirements	Number of Activities	Level of Contribution
Attendance		% 0
Laboratory		% 0
Application		% 0
Practice Exam		% 0
Quizzes		% 0
Homework Assignments		% 0
Presentation		% 0
Project		% 0
Special Course Internship (Work Placement)		% 0
Field Study		% 0
Article Critical		% 0
Article Writing		% 0
Module Group Study		% 0
Brainstorming		% 0
Role Playing + Dramatizing		% 0
Out of Class Study		% 0
Preliminary Work, Reinforcement		% 0
Application Repetition etc.		% 0
Homework (reading, writing, watching movies, etc.)		% 0
Project Preparation + Presentation		% 0
Report Preparation + Presentation		% 0
Presentation / Seminar Preparation + Presenting		% 0
Oral examination		% 0
Midterms	1	% 40
Final	1	% 60
Practical Final		% 0
Report Submission		% 0
Bütünleme		% 0
Bütünleme Pratik		% 0
Kanaat Notu		% 0
Committee		% 0
Yazma Ödev Dosyası		% 0
Portfolio		% 0
Take-Home Exam		% 0
Logbook		% 0
Participation		% 0
Discussion		% 0
total		% 100
PERCENTAGE OF SEMESTER WORK		% 40
PERCENTAGE OF FINAL WORK		% 60
total		% 100

Calculation of Workload and ECTS Credits

Activities	Number of Activities	Workload
Course Hours	12	36
Laboratory
Application
Practice Exam
Special Course Internship (Work Placement)
Field Work	12	24
Study Hours Out of Class
Article Critical
Article Writing
Module Group Study
Brainstorming
Role Playing + Dramatizing
Out-of-Class Study (Pre-study, Reinforcement, Practice Review, etc.)
Homework (reading, writing, watching movies, etc.)	12	24
Project Preparation + Presentation
Report Preparation + Presentation
Presentation / Seminar Preparation + Presenting
Oral examination	12	24
Preparing for Midterm Exams	12	24
MIDTERM EXAM (Visa)
Preparing for the General Exam	12	24
GENERAL EXAM (Final)
Participation
Discussion
Portfolio
Take-Home Exam
Logbook
Total Workload		156
ECTS (30 saat = 1 AKTS )		5