Methods of Corporate Valuation Prof. Ian H. Giddy‚ New York University | What is my company worth? What are the ratios used by analysts to determine whether a stock is undervalued or overvalued? How valid is the discounted present value approach? How can one value a company as a going concern‚ and how does this change in the context of a potential acquisition‚ or when the company faces financial stress? Finding a value for a company is no easy task -- but doing so is an essential component
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Ch 10 – Credit Analysis and Distress Prediction * The evaluation of a firm from the perspective of a (potential) holder of its debt WHY DO FIRMS USE DEBT FINANCING? * Pros: * Corporate tax shield: interest paid on debt is tax deductible * Management incentives for value creation: focuses management to generate cash flow to meet debt repayment and reduce unjustifiable expenses or investments that do no maximize shareholder value * Costs: * Legal costs of financial
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Disruptive Technology(Joseph L. Bower‚ Clayton M. Christensen) Issue lies at the heart of the paradox: They close too close to their customers. Companies listen to their customers‚ give product performances they were looking for‚ but in the end‚ were hurt by the technologies their customers led them to ignore. 2 Characteristics of the technological changes that damage established companies: 1) They typically present a different package of performance attributes (at the onset‚ not valued by
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Valuation of Mergers and Acquisitions SUBMITTED BY: DEBAYAN MUKHERJI PGDM ’"2008-2010 ROLL NO: 08PGDM083 INTERNATIONAL MANAGEMENT INSTITUTE‚ NEW DELHI CONTACT NUMBER: 09717443910 EMAIL : debayan.p08@imi.edu Valuation of Mergers and Acquisitions Mergers and acquisitions (more generally‚ takeovers) are an important means through which companies achieve economies of scale‚ face the competition‚ or respond to economic shocks. For example ‚how the $54 billion US chemical major
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Hedge Funds Class London February 2007 February 9‚ 2007 SECTION 1 Class Agenda Agenda ♦ 9:00 - 10:30 ♦ 10:30 - 10:45 ♦ 10:45 - 12:15 ♦ 12:15 - 1:30 ♦ 1:30 - 2:15 ♦ 2:15 – 3:00 ♦ 3:00 - 3:15 ♦ 3:15 - 4:00 ♦ 4:00 - 4:45 ♦ 4:45 - 5:00 Hedge Fund Basics Coffee Break Basics Continued Lunch Continued Hedge Fund Services Coffee Break Fund of Funds Stuart Trueman Joe Troccolo Tamera Hodges Joe Troccolo Joe Troccolo Hedge Funds & Corp Finance Laurent Charbonnier Wrap-up / Optional Exam
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Introduction Apple Inc was founded in 1976 by Steve Jobs and Steve Wozniak with another 20 employees‚ the company started in Steve’s garage. Apple inc and its subsidiaries or collectively Apple is a manufactures‚ design and owner of variety of high technology included media player‚ portable music player‚ personal computer‚ smart phone‚ tablet as well as selling the related digital products like software‚ network services‚ third party digital content and application for Apple’s products. Apple first
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1. Company Background. Samsung Group is a South Korean multinational conglomerate company headquartered in Samsung Town‚ Seoul. It comprises numerous subsidiaries and affiliated businesses‚ most of them united under the Samsung brand‚ and is the largest South Korean Chaebol. Notable Samsung industrial subsidiaries include Samsung Electronics (the world’s largest information technology company measured by 2012 revenues)‚Samsung Heavy Industries (the world’s second-largest shipbuilder measured
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| Information Technology in Thailand | | | 7/2/2013 | Diffusion and Status of Information Systems As a developing country‚ Thailand’s use of Information Systems is on the rise. The diffusion of IS in a developing country is key in economic growth for that country. One main measure looked at related to Information Systems in Thailand is ICT‚ or Information and Communication Technology. ICT has led to new knowledge and innovation created which results in the continual development in
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 ABSOLUT VODKA AB INBEV ABBGROUP ACC ACCENTURE ACCOR ACE GROUP ACELO ACER ACME BRICK ADATA ADECCO ADITYA BIRLA ADOBE SYSTEMS AEON AEP AEROFLOT AGCO Agilent Technologies AGRIUM AIR BERLIN AIR NEW ZEALAND AIRBUS AIRFRANCE AIRTEL AKZO NOBEL ALCATEL LUCENT ALCOA ALFA LAVAL ALFA ROMEO ALIBABA ALLEN-EDMONDS Allergan ALLSTATE INSURANCE ALTRIA AMATA AMD AMERICAN AIRLINES AMERICAN
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Company | Executive | Title | Since | Education | Notes | Adobe Systems | Shantanu Narayen | President and CEO[4] | 2007 | Osmania University‚ Bowling Green State University‚Haas School of Business | Formerly with Apple Inc. | Archer Daniels Midland | Patricia Woertz | President and CEO‚ chairman of the board[10] | 2006 | Penn State University | | Sony Computer Entertainment | Andrew House | President andCEO | 2011 | | | Bank of America | Brian Moynihan | President and CEO | 2009 | Brown
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