Pfizer Inc and Sanofi S.A. Analysis 2012 5/14/2012 Introduction This report pertains to the analysis of the companies Pfizer Inc and Sanofi S.A. Pfizer Inc is a major player in the global pharmaceutical industry and is driven by the vision of improving the life and health of the consumers through innovative discoveries and solutions. The company is diversified geographically and the global healthcare portfolio comprises of human as well as animal biologic & vaccines and small molecule
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Corporate Finance Case 1 1. To calculate the present value of future cash flow in 2013‚ we first calculate the free cash flow between 2014-2020: Table 1: Free cash flow of 2014-2020 (in $million) After-tax profits Depreciation Gross investment in fixed assets Investment in net working capital Free cash flow 2014 2015 2016 2017 2018 2019 2020 5.25 2.40 5.70 3.10 3.00 3.12 3.40 3.17 4.35 3.26 6.00 3.44 7.60 3.68 (4.26) (10.50) (3.34) (3.65) (4.18) (5.37) (6.28) (1.39) (0.60)
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also distributes packaged coffee products across the region. Valuing the stock in line with its consumer peers at a prospective 2012 PER of 11.2x‚ our fair value is RM1.50‚ or a 20% upside to its listing price of RM1.25. OldTown offers a gross dividend yield of 4.7% at its listing price. Over a decade of history. The group commenced operations with 3in-1 instant coffee manufacturing in 1999 under the “OLDTOWN” brand name and started exporting a year later. OldTown built its second core business in
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Star Appliance Company B Executive Brief This proposal accounts for the new debt and equity mix of Star Appliances by estimating the company’s cost of equity. The methods used include the dividend discount model‚ the earnings/price model‚ and the CAPM model. After analyzing all three possibilities‚ it is apparent that the CAPM model provides the most accurate estimate of Star Company’s cost of capital because it accounts for the beta. Using the CAPM model‚ the new Star Company cost of equity is
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| NIKE‚ INC.: COST OF CAPITAL | | | | | | Introduction Our report aims to help Kimi Ford make a decision on her investment of Nike. We choose WACC as our method to estimate the cost of capital‚ which can be used as a discount rate to verify whether Nike is correctly valued in current market. We have mainly four steps to calculate WACC: I. Identify the type of cost of capital; II. Figure out the weights of debt and equity; III. Calculate the cost of debt and equity respectively;
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BLAINE KITCHENWARE INC. Blaine Kitchenware was a mid-sized producer of small appliances primarily used in residential kitchens. By 2006‚ the company’s products consisted of a wide range of small kitchen appliances including deep fryers‚ griddles‚ toasters‚ ovens etc. Blaine had just under 10% of the $2.3 billion U.S. market for small kitchen appliances. For the period 2003 to 2006‚ the industry posted modest annual unit sales growth of 2%. In 2006‚ 65% of its revenue was generated from shipments
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1. Select an organization of your choice and discuss the cash Management system in that organization. Give your Views or suggestions on the prevailing system of cash management in that organization and any suitable changes to be brought about‚ to improve the present system? Cash management is a set of strategies or techniques a company uses to collect‚ track and invest money. Although cash by definition refers only to paper or coin money‚ in cash management‚ companies usually also work with cash
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capital structure 13 3.Dividend 14 3.1. Dividend policy .14 3.2. Competitors Dividend Analysis …16 3.2.1 Brickworks Limited…...................................................................................................16 3.2.2. Boral Limited………………………………………………………….……………..….…....17 3.2.3. Fletcher Building Limited…………………………………………..……………….……....17 3.3. Comparison ………………………….…………………………………….......………………….18 3.4. Optimal dividend policy…………………...………………………
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Comapies selection: Report is covering review of financial performance of Tim Horton’s Corporation. As a benchmark Starbuck Company was selected. Both of the companies operate in the same industry sector‚ approximately in the same region and provide almost the same service‚ with the exception that Starbucks products are priced higher. Data collection: Financial statements were collected from Yahoo finance web site. Ratios analysis: * Debt ratio- a ratio that indicates what proportion of debt
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Group Case Analysis: Cooper Industries‚ Inc. MBAD 6235 Section 11 December 3‚ 2014 Elisabeth Goodson‚ Lynette Hammond‚ Wanting Hou‚ Sam Inman‚ Qian Jin‚ Weisi Sun‚ Shumin Xu‚ and Yuru Zhang I. Summary of the Problem Cooper Industries was founded in 1919 as an equipment and heavy machinery manufacturer. Over time‚ Cooper Industries experienced significant growth through acquisitions. Nicholson File Company had been on Cooper’s shopping list for years as a company to acquire. What made
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