APRIL 2010 ST R I C T L Y P R I VAT E AN D C O N F I DEN T I AL INTRODUCTION TO VALUATION Presented by Tristan Fitzgerald Overview of the session Introduction Discounted cash flow (“DCF”) Trading multiples I N T R O DU C T I O N T O VAL U AT I O N Transaction multiples 1 What does the term “value” mean?1 The Oxford Dictionary definition “the material or monetary worth of a thing; the amount at which it may be estimated in terms of some medium of exchange
Premium Discounted cash flow Cash flow Free cash flow
Briana Adams Professor Wright Script Analysis 20 November 2012 Intimate Apparel Script Analysis Chapter 2 Intimate Apparel is set in the year of 1905 however the season is not provided within the text. The passage of time can be determined throughout the play between the scene and act. The passage of time is briefly mentioned within George’s letters to Esther. For example‚ one can infer that the passage of time between act 1 scene 1 and scene is 2 months because within the first few lines of George’s
Premium Social class Working class
1. What is Groupon and how does it work? What is Groupon’s market? What does this company do and how does it make money? Groupon is an online coupon that allows a customer who subscribes from Groupon.com to purchase or buy a definite service from a local business at a flat discount rate from 50 % to 90 %. A new Groupon is to be sent to the online subscribers each day and it has to be purchased before the specified time limit and it should have a minimum number if the buyers are decided before the
Premium Google Marketing Economics
Question 1 Susan Plumb is the supervisor of her firm’s research department. Her firm has been seeking the mandate to underwrite Wings Industries’ proposed secondary stock offering. Without mentioning that the firm is seeking the mandate‚ she asks Jack Dawson to analyze Wings common stock and prepare a research report. After reasonable effort‚ Dawson produces a favorable report on Wings stock. Plumb then adds a footnote describing the underwriting relationship with Wings and disseminates the report
Premium Mutual fund Hedge fund Bond
Chapter 9 Stock V l ti St k Valuation McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies‚ Inc. All rights reserved. Key Concepts and Skills Understand h stock prices depend on future U d d how k i d d f dividends and dividend growth B able to compute stock prices using the Be bl k i i h dividend growth model U d Understand h growth opportunities affect d how h ii ff stock values U d Understand valuation comparables d l i bl Understand how stock markets work 9-1
Premium Fundamental analysis Stock market P/E ratio
Certified Business Appraisals‚ LLC Business Valuation Report Prepared for: John Doe Client Business‚ Inc. 1 Market Way Your Town‚ CA July 25‚ 2010 1 Market Street Suite 100 Anytown‚ CA 95401 Web: www.yourdomain.com | Tel 1-999-BUS-NESS | Email appraisals@yourdomain.com Table of Contents Description of the Appraisal Assignment............................ 6 Standard and Premise of Value .......................................... 6 Scope of the Report ...........................
Premium Balance sheet Generally Accepted Accounting Principles Cash flow
accurate 4. There is market stability 5. Historical data is reasonable predictor of future returns Valuation Esprit Holdings Ltd 0330.HK (Hong Kong) All data taken from Esprit’s 2007 Annual report Current share trading price = $92.15 Dividends per share = $3.18 Earnings per share = $4.22 Return on Equity = 48.9% Payout Ratio = 3.18/4.22 = .754 g = (1 - .754).489 = .12029 PT = d1/(re-g) Assume that Giordano and Esprit have the same re Find the re for Giordano based on current share
Premium Stock market Stock Dividend yield
Alexander III Alexander III was the second son of Alexander. Brought up as a Prince‚ not as a future Tsar‚ he was destined for a military career. However‚ in 1865 his elder brother Nicholas suddenly died and therefore Alexander was proclaimed the heir to the Russian throne. With the death of his brother‚ Alexander inherited more than just the throne‚ but also‚ as insisted by his brother on his deathbed‚ Nicolas’ fiancé. In October 1866 Alexander married the daughter of the Danish King‚ Princess
Free Russia Moscow Nicholas II of Russia
Organization Theory – Alibaba case: “Why organizational structure affected Alibaba’s IPO” Introduction and Historical Overview Over recent years the external environment and the marketplace have become increasingly dynamic and competitive‚ with progressive consolidation of the market leaders and continuing need of companies to adapt their structure towards our demanding society. This trend has led Alibaba Group Holding ltd. to conduct some organizational considerations before being listed on the
Premium Stock market Stock Alibaba Group
Management How P&G Leverages Its Scale In Ways Competitors Don’t Fully Appreciate www.emmgroup.net How P&G Leverages Its Scale In Ways That Competitors Don’t Fully Appreciate Contents Executive Summary Leveraging Scale With the Retail Trade Use Corporate-funded Projects to Leverage Scale Leverage Scale With Specific Consumer Cohorts Systemic Strategies That Use Scale to Overcome Inertia Conclusion – Scale With Fewer People; Scale at Every Juncture About EMM Group‚ Inc. Contact Information
Premium Marketing