Investment Analysis 2

Module description

Investment Analysis II aims to take the valuation techniques developed and appraised in the first Investment Analysis module and apply them to the valuation of equities in major industrial sectors. This variety of geographic, industrial and other specialised circumstances requires careful selection of appropriate valuation methods and the interpretation of different standards of financial reporting and disclosure.

Additional Information:

Research in Teaching

The whole module is informed by academic research. 

Full module specification

Module title:Investment Analysis 2
Module code:BEAM038
Module level:M
Academic year:2016/7
Module lecturers:
  • Professor Pengguo Wang - Convenor
Module credit:15
ECTS value:

7.5

Pre-requisites:

None

Co-requisites:

BEAM032 Investment Analysis 1

Duration of module: Duration (weeks) - term 2:

11

Module aims

Investment Analysis 2 aims to take the valuation techniques developed and appraised in BEAM032 and to apply them to the valuation of equities in major industrial sectors. This variety of geographic, industrial and other specialised circumstances requires careful selection of appropriate valuation methods and the interpretation of different standards of financial reporting and disclosure. Ultimately the aim is to give students the ability to produce equity valuations to professional standards.

ILO: Module-specific skills

  • 1. apply selectively and critically 'new' value enhancement and valuation paradigms
  • 2. understand the proper focus of investment analysis in the modern equity environment
  • 3. understand and respond creatively to cross-border financial analysis in industrial sectors
  • 4. apply selectively traditional risk measures
  • 5. identify and discuss ethical issues affecting corporate operations and reporting

ILO: Discipline-specific skills

  • 6. review and select appropriate analytical techniques
  • 7. access and critically review research reports and other data sources
  • 8. draw well-defined and supported conclusions when analysing a complex and specialised problem.

ILO: Personal and key skills

  • 9. as an individual to present complex, technical reports.

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
331170

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Contact hours22Lectures
Contact hours11Practical classes

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Mock examination 2 hours 1-9 Exam grade

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
01000

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Examination1002 hours1-9Exam grade
0
0
0
0
0
0

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
ExaminationExamination (100%) 2 hours1-9Aug/Sep

Syllabus plan

•   Equity valuation approaches including earnings, dividends, cash generation and value investing.
•   Earnings forecasts, business environment analysis and technical analysis.
•   Further aspects of financial statement analysis including international accounting issues.  
•   Market efficiency implications for investment analysis.

Indicative learning resources - Basic reading

Basic reading:

  • K. Palepu, P. Healy, V. Bernard, and E. Peek (2015, Business Analysis and Valuation, IFRS edition (third edition), text only; Cengage Learning Business Press.


Supplementary reading:

  • T Copeland, T Koller, J Murrin, McKinsey & Co Inc, 2013, Valuation-Measuring and Managing Value of Companies, 5th  ed., Wiley
  • Alan Gregory, Strategic Valuation of Companies, 2nd Edition., Financial Times
  • Lundholme R and R Sloan, Equity Valuation and Analysis, 2nd edition, Mc Graw-Hill Irwin

Module has an active ELE page?

Yes

Origin date

01/09/2007

Last revision date

08/08/2016