17 December 2014 Asia Pacific/Philippines Equity Research Specialty Softlines SSI Group‚ Inc. (SSI.PS / SSI PM) Rating OUTPERFORM* [V] Price (17 Dec 14‚ P) 9.13 Target price (P) 11.30¹ Upside/downside (%) 23.8 Mkt cap (P mn) 30‚246.5 (US$ 676.4) Enterprise value (P mn) 34‚801 Number of shares (mn) 3‚312.86 Free float (%) 26.1 52-week price range 9.32 - 7.73 ADTO - 6M (US$ mn) 4.3 *Stock ratings are relative to the coverage universe in each analyst’s or each team’s respective sector. ¹Target price
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designed for the purpose of a business analysis. I have chosen to analyse Mitchells & Butlers PLC by firstly‚ looking closely at the annual report produced by the company over a two year period and secondly‚ by researching their financial activities further than the annual report explains. I will compare and contrast ratios to help give the reader a better understanding of the company’s profitability‚ liquidity‚ activity and leverage. Summary In my analysis of Mitchells and Butlers PLC accounts
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FINANCIAL ANALYSIS Zipcar is expanding rapidly since it was established in 2000. According to its latest 8-k form‚ for the 2012 first quarter‚ revenue increased 20% to $59.1 million compared to $49.1 million in the prior year period. Revenue growth resulted primarily from a 23% year-over-year increase in membership to more than 709‚000 members at quarter end. But does it really have a sustainable growth to support its expanding and operation? We implement a rough accounting and financial analysis to evaluate
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antiseptic products unit of Montagne Medical? 3 What is the cost of equity capital appropriate for evaluating the free cash flow associated with this investment? 4 What is the correct capital structure and weighted average cost of capital for discounting the investment’s free cash flow? 4 b.What are the amounts and timing of the acquisition investment’s free cash flow from 2013 through 2022? 4 What is the terminal value of the final 10 years of the acquisition‚ as of 2022? 5 What is the
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Bannari A Spg has more net profit before tax 46.05(crs) than net decrease/increase in cash -1.09(crores). SEL Mfg Company has more net profit before tax 168.14(crs) than net decrease/increase in cash -48.54(crores). Bombay Rayon Fashions Ltd. has more net profit before tax -619.78(crs) than net decrease/increase in cash 6.48(crores). Hence ‚SEL Mfg company has the best cash flow(net increase of 48.54 crores). Stock price-It is as follows: Mandhana Industries has stock price of 160
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ANALYSIS FOR FINANCIAL MANAGEMENT 10TH Edition Robert C. Higgins Additional Problems Chapter 7 – Discounted Cash Flow Techniques page 247 A brief tutorial on Excel financial functions (problems to follow) You may find the following Excel‚ built-in financial functions helpful when analyzing the problems below. (To access these functions‚ select Insert‚ Functions‚ and choose Financial.) =PV(rate‚ nper‚ pmt‚ fv‚ type) returns the present value of a series of cash flows
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prospects in a better way. The various things that are needed to be understood is that these analysis forms the basis for budgeting and other various analysis. Introduction In the present case of Fashion Clothing it can be seen that the company had invested capital and started the operations with the purchase of the assets in the first half of the year. The second half is being presented in the below analysis of the company. It can be seen that the company had provided the projected figures based on
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Accounting & Finance TP 023513 UC1F1007BMP (AF) Utari Asmelia Introduction of Management 08 Fall AirAsia Company Analysis Background of AirAsia Company Dato’ Tony Fernandez was the entrepreneur that brought up AirAsia to be the one of the award wining the largest low fare airlines that is currently well known for now in Asia. Since then it has been flying to over 61 domestic and international destination with 108 routes‚ and furthermore it operates over 400 flights daily from hubs
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45% | 4.92% | 0.61% | 0.58% | 1.19% | × Financial leverage | 3.45 | 3.44 | 3.49 | 3.34 | 3.40 | = ROE | 11.93% | 16.91% | 2.13% | 1.94% | 4.05% | NOPAT margin | 6.48% | 8.72% | 1.40% | 1.84% | 2.93% | Profitability analysis Virgin blue | 2007 | 2008 | 2009 | 2010 | 2011 | Revenue | 2169 | 2335 | 2635 | 2982 | 3271 | Net income($M) | 216 | 98 | -160 | 21 | -68 | Net profit margin | 9.96% | 4.20% | -6.07% | 0.70% | -2.08% | × Asset turnover | 0.94 |
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Warf Computers Financial Cash Flow $ Thousands Cash Flow of the Firm Operating Cash Flow $1‚322 Capital Spending $810 Additions to net working capital $170 Total $342 Cash Flow to investors in the firm Debt $81 Equity $261 Total $342 Warf Computers Accounting Cash Flow Statement $ Thousands Operations Net Income $896 Depreciation $191 Deferred Taxes $130 Changes in Taxes and Liabilities Accounts receivable $37 Inventories $17 Accounts
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