EXECUTIVE SUMMARY This report will analyze the price Monmouth should pay to acquire RTC by using DCF‚ market multiple‚ and stock exchange approaches. Rationales on why RTC is a good acquisition by Monmouth RTC is a good acquisition by Monmouth as it falls under their three established criteria for all acquisitions‚ and also because the future potential profits‚ growth opportunities and synergies from this acquisition is likely to be greater than the cost of this merger. Sources of synergy gains
Premium Stock market Stock Discounted cash flow
involves the fundamental portfolio management techniques (analysis of sector‚ industry‚ company and the valuation of individual equity securities). At this point in time‚ I would recommend buying Vale SA‚ a Brazilian mining leader. From the valuation perspective‚ the management of Vale is delivering new strategy (capital discipline‚ assets sale) that is not priced in according to several DCF models. On the other hand‚ the weaker iron ore outlook (European problems‚ slowdown in China) is priced in
Premium Stock Stock market Asset
Introduction: Apex Investment Partners was founded in 1987 by James A. Johnson and the First Analysis Corporation. In its eight-year life‚ the VC had raised three funds. The two first which are already closed had‚ together‚ a committed capital of around $70M. There were mainly concentrated in four areas: • • • • Telecommunication‚ information technology and software. Environmental and industrial productivity-related technologies. Consumer products and specialty retail. Health-care and related technologies
Premium Stock Discounted cash flow Fundamental analysis
MGMT E 2720 Mergers and Acquisitions Supplemental Case Questions 1. The New York Times a. Why is there so much family control in the newspaper business? b. How did the Sulzberger family manage to retain control on the NYT after it went public? c. How does the NYT dual class structure differ from the one used by Dow Jones‚ prior to its takeover by Rupert Murdoch? d. What explains the behavior of the NYT institutional shareholders – not just Morgan Stanley but also
Premium Stock market Discounted cash flow Capital structure
Management is about how these Investment and Financing decisions should be made. This course explores the first part of Financial Management and introduces the framework‚ tools and techniques for making Investment decisions. Specifically‚ we will cover Valuation‚ Capital Budgeting‚ Modern Portfolio Theory and Equilibrium Risk-Return Relationship. GRADING: |Quizzes (3) |15% | |Midterm |30% | |Final
Premium Investment Corporate finance Finance
Interco Case Analysis Group 6 2010-10-15 SAIF Interco Case Analysis 1) Company Background Interco was founded as International Shoe Company in 1911 as a footwear manufacturing company. By 1966‚ Interco was a major manufacturer and retailer of consumer products and services. Most of Interco’s growth during this period was through the acquisition of related businesses. In 1988 Interco was made up of 4 main business segments: * Apparel Manufacturing * General Retail Merchandising
Premium Stock Investment Finance
Snapple’s brand equity was driven by how unique and popular the product became almost immediately. By 1994‚ it had grown substantially and was known as a popular and user friendly “ready-to-drink” beverage. The huge growth Snapple was able to achieve was due in part to the almost cultish fan base that Snapple developed. For example‚ a family in New Jersey even gave their son the middle name Snapple. Studies showed that ready-to-drink beverages were selected almost strictly based upon fashion‚ taste
Premium Marketing Drink Coffee
PSC’s forecast FCF. Moreover‚ competing bid valuations for PSC were calculated for illustrative purposes from comparable companies the majority of them were higher than $454.6M. Competing valuations ranged from $742M to $599M and from $564M to $482M based on TGRs of 2.5% and 0%‚ respectively. Refer to Appendix B for PSC’s DCF analysis‚ Appendix C for (1) PSC’s TGR sensitivity and (2) RRR’s equity option analysis‚ and Appendix D for competitive valuation details. Debt financing a large portion of
Premium Debt United States dollar
is also among the largest telecommunications companies in Europe. If this come true‚ it will become the largest hostile takeover in the world. But now we are facing one of the biggest problems during this process---valuation of Mannesmann. After our discussion‚ we decide to use the DCF method with the information provided in Exhibit 7 and some reasonable assumptions we made about Mannesmann’s future situation. As a result‚ we found that the value of Mannesmann is € 175‚793.41million or € 338.85/share
Premium Stock market Free cash flow Generally Accepted Accounting Principles
312 Value Creation: The Six DCF Pointers When trying to decide the value of a particular company‚ let’s say Apple for example‚ it is crucial to understand what determines its investing value. Valuing a huge corporation is not simply taking a look at the balance sheet and income statement and figuring out what’s total assets and total liabilities. A discounted cash flow analysis is one of the main ways investors can value a company. The idea of the actual valuation is to project future cash flows
Premium Discounted cash flow Generally Accepted Accounting Principles Cash flow