Lecture 20

28 Abril 2026, 11:00 • José Eusébio Santos

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Solving practical cases of corporate valuation. Application of the DCF framework using FCFF: construction of cash flows from accounting data (EBIT, CAPEX, working capital), estimation of the WACC, calculation of enterprise value and equity value, and use of EVA to assess value creation relative to the cost of capital.

Lecture 19

28 Abril 2026, 09:30 • José Eusébio Santos

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Introduction to corporate valuation: from accounting data to valuation, the logic of Discounted Cash Flow (DCF) and the distinction between enterprise value and equity value. Overview of valuation approaches (DCF, EVA, multiples) and the role of the WACC.

Lecture 18

21 Abril 2026, 11:00 • José Eusébio Santos

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Debt covenants: types and their role in restricting firm behaviour. Implications for creditor protection, default risk, and credit quality.

Lecture 17

21 Abril 2026, 09:30 • José Eusébio Santos

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Estimating the cost of equity and WACC for unlisted companies using peer-group betas and capital structure adjustments. Overview of medium- and long-term debt contract design, including maturity, amortisation profile, interest terms, and guarantees.

Lecture 16

14 Abril 2026, 11:00 • José Eusébio Santos

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Practical cases in capital structure: solving numerical problems using WACC, CAPM, and Modigliani-Miller to evaluate financing choices and their impact on firm value.