z Automotive Suppliers - World Market Analysis – 2014-2019 Trends – Corporate Strategies Report code: 3XMTR04 Analyst: Kathryn MCFARLAND Publication date: February 2014 Global Markets And Competition The 5 phases of Xerfi Global’s Global Markets And Competition reports Identification of the playing field At Xerfi Global‚ we believe that international classifications are not the only valid definition of a market. It is the companies that make the sector and not vice-versa. During our first
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estimation of cash flow: Market Rate of 11% was assumed Discount Rate is 10.02‚ method used is WACC Interest payments are not included. Net Investment is based on maintenance capital expenditure minus the depreciation related to Capex. Working Capital is based on the difference between current assets minus current liabilities. Working capital increases as sales revenues‚ in the calculation it is assumed that working capital is proportional to Revenue growth of 9%. Long term growth
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significantly. With the tax rate of 35%‚ market premium of 7% and equity beta of 0.7‚ we come to the WACC of 10%. Second we have to adjust the total net operating income to get the FCF (free cash flow). FCF=Total Net Operating Income-∆Working Capital -Capex+Depreciation Since capital expenditures will roughly
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had contributed RM100‚000 as an additional business capital‚ later 1 Jan 2014 both of your partners also contributed RM50‚000 each. All excess cash is kept in PBB bank in Changlun. The excess cash will be used to acquire other capital expenses (CAPEX) and operating expenses (OPEX) for bowling business. The depreciation rate is 5% per year for buildings and bowling alleys. Requirements*: a) Using manual accounting system‚ record and prepare your financial statement as at 31 Dec 2013. b) Using
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INDIAN AUTO COMPONENTS INDUSTRY Replacement market and exports hold up growth at above OEMs’ levels; cost pressures‚ currency volatility and threat of imports remain a challenge ICRA RATING FEATURE MARCH 2012 Rise in exports and higher domestic replacement demand partially offset the impact of lower supplies to the domestic OEM segment The ~Rs. 1‚600 billion Indian auto components industry has been witnessing a moderation in its revenue growth since the beginning of this fiscal following the deceleration
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Challenges Faced by AirAsia Airline 1. Asia’s Middle Class Growth Low cost airlines are expected to have greater potential in Asia as there are many Asian cities with a population above one million people each as well as a rising middle class population. This growth of middle class in Asia provides a huge market potential for AirAsia to grow. However‚ as the market is expanding further‚ more airlines or even new comers would like to get a piece of the action. For example‚ it is estimated that
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What is your strategy to reverse Pick n Pay’s loss of market share? Pick n Pay lost market share in part because it opened materially less space than some of its major competitors. A significant proportion of its capex was invested in supply chain technology infrastructure in recent years‚ which by its nature doesn’t drive sales compared to stores. Our capital focus is now on new stores and refurbishment‚ which will drive sales and‚ in time‚ profitability. Over the past year we have refreshed‚
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Plan expenditure to remain unchanged at 5.55 lakh crore in 2014-15 Government fully committed to Aadhaar project. Even critics of the project will realise it’s a tool of empowerment Budgetary support to Railways increased PSUs to achieve record capex of Rs 2‚57‚645 crore in 2013-14 500 MW fast breeder nuclear reaction in Kalpakkam to be ready shortly; 7 nuclear power reactors under construction National Solar Mission to undertake 4 ultra mega solar power projects in 2014-15 Rs 1‚200 crore additional
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Deutsche Bank Markets Research Asia Taiwan Technology Hardware & Equipment Industry Greater China Smartphone Date 28 May 2014 Industry Update Birdy Lu‚ CFA Xiaomi‚ Xiaomi killers and impact on the supply chain Research Analyst (+886) 2 2192 2822 birdy.lu@db.com Xiaomi‚ Xiaomi killers and beneficiaries The huge success of Xiaomi smartphones (especially Hongmi Note) has led all tier-one Chinese smartphone vendors to launch similar “high-spec mid-price” devices
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Strategic Management Gazelle in 2010 Jorge Tarzijan Questions for Gazelle in 2010 • • 1. How does Gazelle create value for and extract value from its customers? What are its key sources of competitive advantage? 2. How should Gazelle use its resources in order to grow? Choose among: • • • • a. Focus primarily on driving and executing retail partnerships b. Focus primarily on its own consumer-facing initiatives (e.g. build its own brand‚ launch a buyer-facing website‚ develop
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