Valuation & Accounting Global November 2001 Valuation Multiples: A Primer Global Equity Research www.ubswarburg.com/researchweb In addition to the UBS Warburg web site our research products are available over third-party systems provided or serviced by: Bloomberg‚ First Call‚ I/B/E/S‚ IFIS‚ Multex‚ QUICK and Reuters UBS Warburg is a business group of UBS AG Valuation Primer Series Peter Suozzo +852-2971 6121 ■ peter.suozzo@ubsw.com Stephen Cooper +44-20-7568 1962 ■ stephen.cooper@ubsw
Premium Discounted cash flow Fundamental analysis Financial ratios
A Note on Valuation Models: CCFs vs. APV vs WACC Fabrice Bienfait Table of Content Introduction..................................................................................................................................... 2 Enterprise Valuation ....................................................................................................................... 2 The Weighted Average Cost of Capital Approach ......................................................................... 2 The
Premium Discounted cash flow Generally Accepted Accounting Principles Weighted average cost of capital
Analysis and Valuation of Insurance Companies Industry Study Number Two Center for Excellence in Accounting and Security Analysis Columbia Business School established the Center for Excellence in Accounting and Security Analysis (CEASA) in 2003 under the direction of Professors Trevor Harris and Stephen Penman. The center aims to be a leading voice for independent‚ practical solutions for financial reporting and security analysis‚ promoting financial reporting that reflects economic reality
Free Insurance
as Chapter 4 will demonstrate‚ returns on invested capital can vary considerably‚ even between companies within the same industry. Question 2 Value Inc. generates higher cash flows because it doesn’t have to invest as much as Volume Inc.‚ thanks to its higher rate of ROIC. In this case‚ Value Inc. invested $25 million (out of $100 million earned) in year 1 to increase its revenues and profits by $5 million in year 2. Its return on new capital is 20 percent ($5 million of additional profits divided
Premium Net present value Investment Rate of return
Inside Out is a movie based on how an individual’s five main core emotions interact in the brain‚ which is called the headquarters. Throughout the movie‚ it is shown how much emotions impact an individual’s memories and everyday life. Also‚ the movie shows different concepts of how everything goes on in the brain in a fun‚ kid friendly‚ easy understanding way. Inside Out is about the life of Riley who is 11-year-old and in her preteens (tweens) or middle childhood. And it follows her life inside
Premium Psychology Paul Ekman Emotions
Inside Toyland is a gem — a well-written examination of politics‚ inequality‚ racism and working conditions in the context of the toy store. In order to gain a firsthand look at the intricacies of retail work‚ Williams conducted her research by participant observation. She worked at two toy stores. Both stores are a part of national chains and at the time of her research employed about 70 workers. Despite the fact that both stores sell similar merchandise‚ and include large inventories of electronics
Premium Trade union Sociology Economic inequality
Understanding corporate value: managing and reporting intellectual capital Intellectual capital Contents 1 Introduction 4 2 Definitions of intellectual capital 6 2.1 2.2 Classifications of intellectual capital Why is intellectual capital so difficult to measure? 3 IC measurement 8 Generic models 3.1 Balanced scorecard 3.2 Performance prism 3.3 Knowledge assets map approach Individual company models 3.4 The Skandia navigator 3.5 Ericsson’s cockpit communicator
Premium Value network Strategic management Capital accumulation
What Type of Person Will You Become? McKenzey L. Till Bellevue High School What Type of Person Will You Become? Inside Out is an adventure filled‚ animated movie with comedy throughout. Pete Docter and Ronnie Del Carmen directed it. Pete Docter‚ Ronnie Del Carmen‚ Meg LeFauve‚ and Josh Cooley wrote it. It has a great teaching point for its watchers. In fact‚ it hits on many psychological aspects of life. It is about a young girl by the name of Riley‚ who endures a huge change in her life. This
Premium Psychology Cognitive psychology Emotion
AC3103: Accounting Analysis and Equity Valuation 2014-15 Semester 1 AC3103 ACCOUNTING ANALYSIS AND EQUITY VALUATION _________________________________________________________________________ Academic Year : 2014-2015 Semester : 1 Course Coordinator : Dr. JIAN Ming Other Instructor(s) : Dr. TAN Mui Siang‚ Patricia Adj A/P Eric TEO Pre-requisites : AC2101 Accounting Recognition and Measurement No. of AUs : 4 Course Description and Scope
Premium Financial statements Fundamental analysis Stock market
1. [DCF Valuation and Ownership Concepts] The venture investors and founders of ACE Products‚ a closely held corporation‚ are contemplating merging the successful venture into a much larger diversified firm that operates in the same industry. ACE estimates its free cash flows that will be available to the enterprise next year at $5‚200‚000. Since the venture is now in its maturity stage‚ ACE’s free cash flows are expected to continue to grow at a 6 percent annual compound growth rate in the future
Premium Rate of return Venture capital Discounted cash flow