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
Premium Net present value Discounted cash flow
Case: Mountain Man Brewing Company 1. What has made the Mountain Man Brewing Company successful? What is distinctive about MMBC’s product‚ customers and brand equity? Reasons why MMBC has been successful: * MMBC used their history and status as an independent family owned brewery to enhance the feeling of authenticity of their brand‚ which resonates with its core drinkers – blue collar‚ middle to low income men over the age of 45. * MMBC has very high brand awareness – in a recent
Premium
Contents Abstract The report uses a top-down valuation process to examine the Australian economy‚ the metal and mining and consumer industries and analyses BHP Billiton Limited and Woolworths Limited. Variables affecting the Australian economy are inflation and interest rates; the gross domestic product; the exchange rate; and economic risks. The metal and mining industry is the largest sector in Australia and the consumer industry is the third largest sector. The present value
Premium Inflation Economic growth Cash flow
Life Cycle 13 Dick’s Sporting Goods Analysis Review of Annual Report 16 Company SWOT Analysis 18 Trend Ratio Analysis 20 Cross Sectional Ratio Analysis 22 Analyst Analysis/Estimates 24 DuPont Ratio Analysis 25 Valuation P/E Multiplier 26 Valuation FCF to Equity 27 Summary of Analyst Reports 28 Beta Analysis 29 Technical Analysis 29 Conclusions 31 Executive Summary After analyzing Dick’s Sporting Goods and taking into account both positive and negative aspects
Premium
Introduction Benton Textiles have developed a new process‚ which can apply a special finish to certain types of textiles. The subsequent analysis will discuss two of the key questions that every company faces when it introduces a new product: Which market should the company target? And how should the new product be priced? The alternatives for Benton is either to enter the higher priced market‚ to the lower priced market‚ or to combine the two and first enter the higher priced market and then move
Premium Price Costs Marketing
Laura Martin: Real Options Valuation in the Cable Industry Case Questions 1. What is the nature of Laura Martin’s job? Define the specific problem that she is addressing. A. Laura Martin is an equity research analyst. This was a unique opportunity to demonstrate her knowledge of the drivers of value in the cable industry. She was going to reveal the value of stocks of cable industry using real options‚ which is a more realistic way of evaluating the value of a project than EBITDA multiples
Premium
1. Unfreezing a fragmented Ogilvy & Mather out of the Ice Age. Charlotte Beers tries to turn around Ogilvy by implementing a strategy based on differentiation. However‚ Ogilvy’s organisation and culture are obstacles to this process. She has therefore to unfreeze the situation first to allow change to be implemented through a communal culture and a collaborative organisation. Evidence of a crisis are numerous: Major accounts have been lost (Amex); Revenues and earnings are in decline; Agencies
Premium Management Organization
1. What are the problems? Market leadership and technological innovation have marked Sealed Air’s participation in the U.S. protective packaging market. Several small regional producers have introduced products‚ which are less effective than Sealed Air’s but similar in appearance and cheaper. The company must determine its response to this new competition. The company is faced with a difficult choice of choosing from a range of feasible options ranging from doing nothing to introducing a new product
Premium Marketing Packaging New product development
The Wm. Wrigley Jr. Company: capital structure‚ valuation‚ and cost of capital Teaching Note Synopsis In June 2002‚ a managing director of an active-investor hedge fund was considering the possible gains from increasing the debt capitalization of the Wm. Wrigley Jr. Company. Wrigley had been conservatively financed and at the date of the case‚ carried no debt. The tasks for the student are to: Estimate the potential change in value from relevering Wrigley using adjusted present value analysis
Premium Finance Corporate finance Stock
The challenges facing Estate Surveying and Valuation professional practice in Nigeria Experts in the building industry have listed some factors bedeviling Estate Surveying and Valuation Profession in the country. They include; [1] poor remuneration‚ [2] quackery‚ [3] stringent legislation‚ [4] lack of training and [5] falling standards of valuation practice. According to Solanke (2010)‚ stated that poor quality service‚ outdated scale of fees and unhealthy competitions are some of the major
Premium Real estate Nigeria Professional