The purpose of DCF-Valuation is to determine the value of a company in terms of its future cash flows. The cash flows are adjusted with certain items (e.g. those not related to company´s core businesses or those with no cash effect) in order to make sure the flows reflect the actually generated cash as good as possible. This document describes DCF valuation in detail and in our valuation model. If you would like to get an overview of valuation in general or practical examples (numerical and graphical)
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1. Victoria Chemicals evaluate its capital-expenditure proposals in four ways. They are average annual addition to earnings per share‚ payback period‚ net present value‚ and internal rate of return. An earnings per share method is to indicate a company’s profitability. For Victoria Chemical‚ this was calculated with the average annual earnings per share contribution of the engineering-efficiency project over its entire economic life. However‚ for the basis of the calculation‚ the project’s initiator
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VICTORIA CHEMICALS PLC THE MERSEYSIDE AND ROTTERDAM PPROJECTS I would choose Merseyside project rather than Rotterdam’s not only for its superior prospect based on the quantitative criteria‚ but also for a more rational strategy consideration. For the four investment criteria‚ here’s the elaboration. NPV. Since the two plants are of identical scale‚ age‚ design and similar project size‚ it makes sense to use NPV to compare the two projects. Not taken into account the erosion at Merseyside‚
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It is assumed that Stokes’ law can be applied to a mass of dispersed soil particles of various shapes and sizes. Larger particles settle more rapidly than the smaller ones. The hydrometer analysis is an application of Stokes’ law that per- mits the calculation of the grain size distribution in silts and clays‚ where the soil particles are given the sizes of equivalent spherical particles. The density of a soil-water suspension depends upon the concentration and specific gravity of
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Her control ller‚ Frank Greystock‚ was discussin a capital p G w ng project that M Morris want to ted m . ct d ) million propose to senior management. The projec consisted of a (British pounds) GBP12 m ure onalize the polypropylen production line at the Merseyside plant ne n expenditu to renovate and ratio in order to make up for deferred maintenan and to ex d nce xploit oppor rtunities to a achieve incre eased productio efficiency on y. Victoria Che V emicals wa under
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the patient reports it her addiction that is making her do it. When the patient uses‚ she feels good for the moment‚ but at the same time she feels horrible because she is aware of the consequences. The patient continue to discuss about her prior DCF case as she still parent through guilt and also being in a hospital for an abscess was an awaken for her for
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Strategic analysis and planning for Nokia in Finland Name: Ding Zhaofeng UOB Number: 10036495 Batch Number: BMMD2 1011A Module: Applied Strategic Management Lecturer: Mr. G.V. Nathan Submission Date: 06-Mar-2012 CONTENT PAGE Acknowledgement……………………………………………...…………………3 Outline..............................................................................................................4 Executive Summary………………………………………………………
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Education: an international journal Vol. 15‚ No. 1‚ 3 –10‚ March 2006 Why DCF Capital Budgeting is Bad for Business and Why Business Schools Should Stop Teaching it RALPH W. ADLER University of Otago‚ New Zealand Introduction As educators‚ we are constantly making decisions about course content. Each year‚ as we begin our preparations for writing our new or updated course outlines‚ such questions as what topics to include‚ modify‚ or exclude‚ are contemplated and re-contemplated. When making these
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Genetic Modify Organisms Genetic Engineering Today many scientist use “genetic engineering” a new technology that manipulates the genes of many plants‚ bacteria and animals. This organisms are called genetic modified organism (GMOs) because their genetic material (DNA) has been changed in a way that it doesn’t occur naturally‚ it alters the organism’s genetic material through adding‚ deleting or changing the segments in the DNA. This technology is also referred to as "biotechnology" or "recombinant
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With reference to your own research and the item above‚do you think that governments should make corporate social responsibility complusory for businesses? Corporate social responsibility refers to the extent to which organisations accept obligations to society. Corporate Social Responsibility (CSR) has been a business theme in the corporate world ever since the inception of capitalism. This has led to the adoption of CSR practices in several corporate companies on a large scale. The major
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