1872 Khakis ‘R Us Valuation MBA Investment Bankers LLC January‚ 2014 Executive Summary • Evaluation of NYC Capital Offer — Comparable Companies Analysis $24.64-$32.90 — Precedent Transaction Analysis $21.99-$30.43 — Discounted Cash Flow Analysis $25.03-$33.74 • Recommendations — Counteroffer $20/share + Earnout of 75% EBITDA over 3 years $25.18-$30.03 — Defensive Strategy Shareholder Rights Plan + Buyback — One Year From Now About Boots‚ Valuation Range Khakis ‘R Us
Premium Cash flow Stock market Stock
QUESTION ONE A Merger can be defined as a Voluntary amalgamation of two firms on roughly equal terms into one new legal entity. Mergers are effected by exchange of the pre-merger stock (shares) for the stock of the new firm. Owners of each pre-merger firm continue as owners‚ and the resources of the merging entities are pooled for the benefit of the new entity. If the merged entities were competitors‚ the merger is called horizontal integration‚ if they were supplier or customer of one another
Premium Stock market P/E ratio Dot-com bubble
MW Petroleum Corporation (A) 1. Structure and execute a DCF valuation of all the MW reserves using APV. How much are the reserves worth? Is your estimate more likely to be biased high or low? What are the sources of bias? Answer: The DCF valuation of all the MW reserves using APV indicates that the net worth of the portfolio is around $516.30 million. The estimate is more likely to be biased on the higher side. REVENUES: The data for the projections was collected by Morgan
Premium Option Natural gas Investment
3 billion. The deal is the result of Buffet’s intense search‚ over several years to find an attractive acquisition. This case study evaluates the impact the acquisition has on the share price of both Berkshire Hathaway Ltd and Scottish Power. A valuation is conducted to assess whether the $5.1 billion dollars is a fair price. An analysis of Warren Buffet as a superior investor and how this contradicts finance theory and the semi strong form of efficiency. Then on a personal level the ethics and
Premium Berkshire Hathaway Warren Buffett Stock market
and Premium Valuations *Transaction multiples include premiums Stand-alone value Value with synergy Walkaway Price $578‚573 $672‚772 $528‚209 $725‚772 $924‚841 $580‚704 Trading Revenue Multiple Market Cap DCF Trading EBITDA Multiple Trans.* Revenue Multiple Trans.* Revenue Multiple $983‚490 $1‚348‚363 Below are variousProtalix’svaluations (thousands‚ as of April 1‚ 2012): Pfizer’s Walkway Price is advised to be $983‚490 thousand. We believe the DCF best reflects
Premium Pharmaceutical industry Generic drug
the context of business valuations (business valuations are covered in chapters 9-12). Slow Fashions - 20 marks‚ June 09 Your business - 28 marks‚ June 09 Seal island - 24 marks‚ June 2010 Q1i‚ii‚iii Seal island - 4 marks‚ June 2010 Q1iv Tisa Co- 4 marks‚ June 2012 Q4c Tisa Co- 8 marks‚ June 2012 Q4b Neptune- 6 marks‚ June 2008 Q5b 5: DCF TECHNIQUES AND THE USE OF FREE CASH FLOWS Maximisation of shareholder wealth Investment decision DCF techniques & the use of
Premium Net present value
because CASY’s General Stores owned the real property which is used for operation just like the Old-TA. In our discounted cash flow model‚ the fair value of Old-TA (before acquisition) is $1.7billion with 7.7% of cost of capital. To arrive at our valuation‚ we consider Pro Forma Balance Sheet as basis and subtract post acquisition items such as $213million from HPT from Cash and Shareholder’s Equity and $105million capital lease obligation from Liabilities. Based on our scenario‚ we believe that $1
Premium Management Economics Investment
com/supplements/infographic-highlights-2013-supplement-business-report Investment Banking: Valuation‚ Leveraged Buyouts‚ and Mergers & Acquisitions‚ 2nd Edition (Wiley Finance) EDGAR Company filings database 8. Annex and Supporting Excel Models: In our Analysis of Natural Alternatives International we performed both a DCF analysis and a Company comparables Analysis for our valuation linked below: DCF Valuation Model : Company Comps Analysis & Football field valuation summary :
Premium Dietary supplement Discounted cash flow Marketing
Case 1. Arundel Partners: The Sequel Project 1. Why do the principals of Arundel Partners think they can make money buying movie sequel rights? Why do the partners want to buy a portfolio of rights in advance rather than negotiating movie-by-movie to buy them? The principals at Arundel Partners believe that there is value that is not captured in a discounted cash flow when analyzing the launching of a film. They believe that by launching a new film‚ there is immediately an option to launch a sequel
Premium Discounted cash flow Net present value
The depreciation is calculated as a 7‚2% growth of the 2010 year depreciation and the CapEx is depreciation + 60% of the profits (1-dividend). This gives us the FCF used in the terminal value calculation. REEBY SPORT 1A more conservative valuation‚ as a consequence of more competition in the market‚ will be based on a scenario where Reeby Sport will loose its competitive edge by 2010 and will have no growth from that date and forward. In that case we will capitalize 2011 earnings at
Premium Stock market Stock Discounted cash flow