(1.15)8 Step 3: the sum of above components is: P0 = RS.16.83 + RS.23.49 = RS.40.32 Example based on two stage growth model : The current dividend on an equity share of pioneer technology is RS. 3 . pioneer is expected to enjoy an above normal growth rate of 40 % for 5 years . thereafter‚
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natural gas. The company through its divisions and affiliated companies‚ engages in its principal business‚ is energy‚ involving exploration for‚ and production of‚ crude oil and natural gas‚ manufacture of petroleum products and transportation and sale of crude oil‚ natural gas and petroleum products. It manufactures and markets commodity petrochemicals‚ including olefins‚ aromatics‚ polyethylene and polypropylene plastics and a variety of specialty products. The company also has interests in electric
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hurdle-rate system. The tasks for the student are to resolve the debate‚ estimate weighted average costs of capital (WACCs) for the two business segments‚ and respond to the raider. Suggestions for complementary cases: “Nike Inc.” (case 13) gives an introductory exercise in the estimation of the cost of capital. “Coke vs. Pepsi‚ 2001” (case 14) offers the estimation of WACCs for two competitors and opportunities to reflect upon how business risk drives cost of capital. “Phon-Tech Corp.”
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LIST OF PETROLEUM COMPANIES OPERATING IN THE PHILIPPINES Address Contact Nos. Company 2. ALCORN GOLD RESOURCES ATTY. EDUARDO F. HERNANDEZ 3rd Floor‚ Tabacalera Building‚ 900 Phone: (632) 524-9236 / 524-9238 CORPORATION 1. Contact Person / Designation President D. Romualdez Sr. Street‚ Paco Manila Fax: (632) 524-7452 ALCORN (PRODUCTION) PHILIPPINES‚ INC. ATTY. EDUARDO F. HERNANDEZ 2/F First Life Centre 174 Salcedo Street‚ Legaspi Village‚ Makati
Free Metro Manila Manila Makati City
Introduction: McCaw Cellular Communications is a cellular telephone pioneer in the United States is faced with a challenging decision regarding the future of the firm. The direction of the company will depend on whether CEOs of McCaw Cellular Communication and AT&T agree on an appropriate price of the company. In order to capture the value of McCaw Cellular Communications‚ three financial valuation models were developed while taking into account the trends in the industry and potential synergies
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Forthcoming Journal of Applied Finance‚ Financial Management Association The Exxon-Mobil Merger: An Archetype J. Fred Weston* The Anderson School at UCLA University of California‚ Los Angeles jweston@anderson.ucla.edu February 26‚ 2002 Fred Weston is Professor of Finance Emeritus Recalled‚ the Anderson School at the University of California Los Angeles. Thanks to Matthias Kahl‚ Samuel C. Weaver‚ Juan Siu‚ Brian Johnson‚ and Kelley Coleman for contributions. The paper also benefited from
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Andrew Liveris announced the ‘Dow of Tomorrow’ strategy‚ which consisted of two pillars. One was pursuing an asset light approach to its commodity business. In order to do so‚ he signed a JV agreement with a subsidiary of the Kuwait Petroleum Company‚ named Petroleum Industries Company. Dow and PIC signed a Memorandum of Understanding‚ which generated Dow a $7.2 billion after tax revenues. Second‚ Mr. Liveris wanted to build a high-growth and high-value added performance business. In order to achieve
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Accounting for Uncertainty in Discounted Cash Flow Valuation of Upstream Oil and Gas Investments∗ by William H. Knull‚ III‚ Scott T. Jones‚ Timothy J. Tyler & Richard D. Deutsch∗∗ Valuing future income streams from the production of oil and gas is a welldeveloped discipline within the industry and among sophisticated investors. Valuations drive companies’ investment decisions and market transactions every day. In the context of resolving disputes‚ especially international ones‚ arbitral tribunals
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| American Home Products Corporation | Case Study | | Table of Contents Introduction 3 Background 3 Culture of the Business 3 Stages of Development 3 Core problem 4 analysis and options 4 Risk analysis 5 First: The Business Risk 5 Second: The Financial Risk 6 Other kinds of risk: 7 Financial Analysis 7 The WAAC 7 Ratio Analysis 11 Recommendations: 12 References: 12 Introduction Background In 1981‚ AHP had reached sales of more than $4 billion by producing
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Royal Dutch Shell‚ Plc. (NYSE: RDS.A) Table of Contents Executive Summary3 Introduction4 Financial Ratio Analysis5 Liquidity6 Asset Management7 Debt Management8 Profitability10 Market Value12 Cash Flow and Growth Analysis14 Capital Structure Estimation16 Weighted Average Cost of Capital17 Cost of Debt17 Cost of Equity - CAPM18 Cost of Equity - DCF19 Cost of Equity - BYPRP19 WACC20 Project Cash Flow Estimation21 Capital Budgeting Analysis23 Sensitivity Analysis24
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