EVALUATION OF ACTIVITIES
Learning outcomes of the course unit
The course is aimed at teaching knowledge and understanding of the basic the economic and financial evaluation of real estate investment; the student will also learn to apply the acquired knowledge and understanding to identify the needs in professional applications to give adequate answers, making judgment and improving communication skills and learning skills.
Course contents summary
Economic and financial evaluation approach; civil and reclassified balance sheet; financial ratios and their decomposition. Relationship between firms and banks in financing transactions; financial sustainability analysis. Financial indices of valuation: NPV, NPVR, IRR, Payback period; the choice of discount rate; types of financial flows, asset side and equity side valuations. Scenario analysis. Financial operations for real estate project; risk assessment and coverage ratios. The EVA approach; NOPAT assessment. Company valuation: patrimonial approach, income approach, financial approach, mixed approach; terminal value estimate; the comparative approach of multiples.
Bonazzi G., Iotti M. (2012) Agri-food firm management, Editorial Facultad de Agronomia, UBA, Buenos Aires, Argentina.
Iotti M. (2009). La valutazione degli investimenti industriali, Franco Angeli, Milano.
Assessment methods and criteria