Chapter 11 ___________________________ Stock Valuation and Risk 1. The common price-earnings valuation method applied the ______ price-earnings ratio to ________ earnings per share in order to value the firm’s stock. A) firm’s; industry B) firm’s; firm’s C) average industry; industry D) average industry; firm’s ANSWER: D 2. A firm is expected to generate earnings of $2.22 per share next year. The mean ratio of share price to expected earnings of competitors in
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University of waikato Company Valuation Report Alice Luo Wendy Ruan Emily Xie Constance Yan Date – 14/09/2014 Contents 1.0 Introduction…………………………………………………………………………………………….. .1 2.0 Literature Review………………………………………………………………………………………..1 2.1 Asset Size……………………………………………………………………………………………..1 2.2 Total Operating Income........................................................................................................................2 2.3 Impaired asset expense as % of average
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“IT IS NOT WHAT YOU LOOK AT THAT MATTERS‚ BUT WHAT YOU SEE” - H.D. THOREAU To look is to see and vice-versa! Admittedly to a layman and also in common parlance‚ we use the two interchangeably or synonymously. However‚ there’s a difference between the two if we contemplate it. ‘Visualisation’ is a curious issue having various aspects of interpretation. To look at something and to actually realise your vision is not always possible. There is just too much‚ all around
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or water‚ immovable property of this nature or an interest vested in this. 2.2 Real Estate valuation (or appraisal) The act of estimating the value of real estate by a person licensed to do so. A person performing an appraisal must receive authorization from the appropriate body of the state in which he/she resides. A real estate appraisal may take into account the quality of the property‚ values of surrounding properties‚ and market conditions in the area. It is important for determining the
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What Matters Most To You? Why? What matters most to me is making meaningful improvements in my native Iran. Although my short-term dream is to form a successful Internet business‚ my long-term aspiration is to graduate from business to politics. I take my cue from America‚ where industry leaders like Michael Bloomberg have revitalized communities and made great people leaders. Iran has been ravaged by several decades of “ivory tower” politics‚ corruption‚ unemployment and caste divide. For
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How television is making people smarted. People all over the world turn on their television each night and watch a few moments to a few hours of television and it is hard to miss a reality show which on almost any channel. If they were to pause on one of these shows they might not know it but they would bettering themselves on a personal level. Based on the ideas of Steven Johnson the average person could learn a thing or two from reality TV. In his article called‚ “Watching TV Makes You Smarter”
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is a short version only covered what was performed by Liu Yijun‚ including brief introduction‚ the calculation of FCF‚ WACC‚ sensitivity analysis and word typesetting In partial fulfillment of the requirements for the course Equity Investment January‚ 2013 1 January 2013|Equity Investment|NIKE Inc Financial Report Recommendation BUY Price at 9 Jan 2013 (USD): $52.45 Price Target: $63.17 52 Week Range: $50.99– $111.81 Summary Section4 – Valuation Reasons about using
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Graduate School of Business Administration University of Virginia UVA-F-1274 METHODS OF VALUATION FOR MERGERS AND ACQUISITIONS This note addresses the methods used to value companies in a merger and acquisitions (M&A) setting. It provides a detailed description of the discounted cash flow (DCF) approach and reviews other methods of valuation‚ such as book value‚ liquidation value‚ replacement cost‚ market value‚ trading multiples of peer firms‚ and comparable transaction multiples. Discounted Cash
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directing‚ and controlling) in a complex‚ global environment. Students will understand theoretical text readings and case studies that are applicable to practical situations in the workplace. The course will provide the fundamentals necessary for many other courses in the business disciplines. PURPOSE: On completion of the course‚ the student should be able to: 1. List and describe major management theories as represented through the history of modern management thought. 2. Define and
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Post-merger share price: $24.85 Synergy Calculations HWP Intrinsic Firm Value 3 6‚695‚889 CPQ Intrinsic Firm Value 10‚682‚654 Value of HWP + CPQ without Synergy 4 7‚378‚542 Value of HWP + CPQ with Synergy 8 2‚564‚626 Value of Synergy 35‚186‚083 Price Paid by HWP 2 5‚000‚000 Increase in Value from Merger 10‚186‚083 walter 15.0% sales erosion 5.2% EBIT margin
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