INTRODUCTION TO EQUITY VALUATION Equity shares can be described more easily than fixed income securities. However‚ they are more difficult to analyse. Fixed income securities typically have a limited life and a well-defined cash flow stream. Equity shares have neither. While the basic principles of valuation are the same for fixed income securities as well as equity shares‚ the factors of growth and risk create greater complexity in the case of equity shares . As our discussion
Premium Stock market Stock
XYZ Company Limited Date Valuation Report: DUMMY Executive Summary INDUSTRY: XX XYZ Company Limited (hereinafter referred to as “XYZ” or “the company”) is a XX manufacturing company and markets its products under the brand name XX in the XX region of India. Business valuation summary of XYZ Multiple used EV/tonne method Equity value Rs mn Value per share (Rs) Rs 5‚809 per tonne EV/EBITDA method 4.5x Discounted Cash Flow method NA Book value (FY10) NA Equity
Premium Financial ratio Balance sheet Income statement
FINANCIAL ANALYSIS AND VALUATION OF AMCL PRAN [pic] MBA (Evening) Program Department of Finance Faculty of Business Studies University of Dhaka August 2013 FINANCIAL ANALYSIS AND VALUATION OF AMCL PRAN M Shahjahan Mina Professor August 2013 Supervisor’s Remarks Kh Sazzadur Rahim Batch Number 15‚ ID # 15057 Student’s Declaration: I declare that the submitted project paper /internship report is original and solely produced by
Premium Cash flow Financial statements Balance sheet
Düsseldorf Business School at the Heinrich-Heine-University 5b Value Management & Cost Management Prof. Dr. Klaus-Peter Franz Valuation of a company KIA MOTORS By: Youngsook Kwon‚ Date: Jan 30‚ 2013 Table of Contents 1. Introduction 1 2. Valuation Methodology 2 2.1. Discounted Cash Flow 2 2.2. Terminal Value 3 2.3. Weighted Average Cost of Capital 3 2.3.1 Cost of Equity 4 2.3.2 Cost of
Premium Discounted cash flow Stock market Stock
Discussion Board Forum 2 Factors that Lead to a Valuation of a Company’s Worth Compared to that of the Financial Statements Marketplace and economic conditions can take affect the success of many businesses‚ sometimes directly impacting their profits‚ assets‚ and market share. These same factors can also drive changes in the value of the a business. They can also become useful tools when communicating company performance to investors and stakeholders. It is also very important to understand
Premium Economics Finance Investment
HOW TO WRITE A RESEARCH ABSTRACT Research abstracts are used throughout the research community to provide a concise description about a research project. It is typically a short summary of your completed research. If done well‚ it makes the reader want to learn more about your research. Some students present their research findings at local and national conferences. Research abstracts are usually requested as part of the application process for conference presenters. These are the basic components
Premium Scientific method Writing Peer review
Corporate Finance Spreadsheets 1. capbudg.xls: This program allows you to do a basic capital budgeting analysis for a project‚ and compute NPV‚ IRR and ROI. (For Macintosh version) 2. risk.xls: This program allows you to use past returns on a stock and a market index to analyse its price performance (Jensen’s Alpha)‚ its sensitivity to market movements (Beta) and the proportion of its risk that can be attributed to the market.(For Macintosh version) 3. capstru.xls: This program allows you
Premium Discounted cash flow Cash flow Corporate finance
Valuation of Goodwill: 1) Hitesh and company decided to purchase a business. The profits for the last four years are: 2006-Rs.60‚000 2007-Rs.75‚000 2008-Rs.72‚000 2009-Rs.69‚000. The business was looked after by the management. Remuneration from alternative employment if not engaged on the business comes to Rs.9000 p.a. Find the amount of goodwill‚ if it is valued on the basis of 3 years purchase of the average net profit for the last four years. 2) Following particulars are available in respect
Premium Generally Accepted Accounting Principles Balance sheet Investment
CFS WRITE UP ON CASE 6 BY SUSHMA T Session 6 – Structuring Repsol’s Acquisition of YPF Suggested Questions: 1) How significant are the expected synergies and restructuring effects? Please prepare an estimate of the value of these. For Repsol and its shareholders‚ the YPF acquisition deal is seen as an ideal strategic match. The Spanish oil company gets most of its revenues from activities like refining and gasoline stations‚ and must buy much of its crude oil from others‚ while YPF owns
Premium Stock Stock market Corporate finance
a comprehensive valuation based on DCF‚ multiple and DDM analysis. September 6‚ 2010 [EQITY RESEARCH REPORT: VODAFONE. (VOD.L‚ VOD LN)] Equity Research Report NAME: Myles Carey CID: 00619732 TABLE OF CONTENTS Page 3: Investment Summary Pages 3-4: Investment Highlights Page 5: Business Summary Page 6: SWOT Analysis Page 7: Telecoms Industry - Overview Page 8: Telecoms Industry – Trend and Regulation Page 9: Competitive position Page 10: Performance Page 11: Valuation – Sum-of-parts Page
Premium Vodafone Mobile phone