1 / 11

Comparable Companies Ratios 9.1a

Comparable Companies Ratios 9.1a. Source: Takeovers, Restructuring, and Corporate Governance by J. Fred Weston Et Al., Pearson Prentice Hall, 2004, 2001. Comparable Transaction Ratios 9.1b.

aislin
Download Presentation

Comparable Companies Ratios 9.1a

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Comparable Companies Ratios 9.1a Source:Takeovers, Restructuring, and Corporate Governance by J. Fred Weston Et Al., Pearson Prentice Hall, 2004, 2001

  2. Comparable Transaction Ratios 9.1b Source:Takeovers, Restructuring, and Corporate Governance by J. Fred Weston Et Al., Pearson Prentice Hall, 2004, 2001

  3. Comparable Transaction Ratios 9.2a 1.2 Source:Takeovers, Restructuring, and Corporate Governance by J. Fred Weston Et Al., Pearson Prentice Hall, 2004, 2001

  4. Comparable Transaction Ratios 9.2b Source:Takeovers, Restructuring, and Corporate Governance by J. Fred Weston Et Al., Pearson Prentice Hall, 2004, 2001

  5. Data for Comparable Transactions 9.3a Source:Takeovers, Restructuring, and Corporate Governance by J. Fred Weston Et Al., Pearson Prentice Hall, 2004, 2001

  6. Comparable Transaction Ratios 9.3b Comparable Transaction Ratios Source:Takeovers, Restructuring, and Corporate Governance by J. Fred Weston Et Al., Pearson Prentice Hall, 2004, 2001

  7. Application of Valuation Ratios to Mobil 9.3c Source:Takeovers, Restructuring, and Corporate Governance by J. Fred Weston Et Al., Pearson Prentice Hall, 2004, 2001

  8. Application of Valuation Ratios to Mobil 9.4 Source:Takeovers, Restructuring, and Corporate Governance by J. Fred Weston Et Al., Pearson Prentice Hall, 2004, 2001

  9. Summary Valuation Analysis Source:Takeovers, Restructuring, and Corporate Governance by J. Fred Weston Et Al., Pearson Prentice Hall, 2004, 2001

  10. The discounted cash flow technique Adjustments for Nonrecurring Items Prospects For the Future Historical Financial Results Cash Flow Adjustments Projected Sales And Operation Profit Year 3 Cash Flow From Operations Year 4 And Beyond Cash Flow From Operations Year 1 Cash Flow From Operations Year 2 Cash Flow From Operations 1 Years Present Value Cash Flow From Operations 2 Years 3 Years + Present Value Of Residual Value 4 Years + + Marketable Securities and Excess Assets - Market Value Of Debt Shareholder Value - *The discounted cash flow value (or what the total capital employed in the business is worth) Has been calculated based on operating profits that do not consider financing costs (for Example, interest expense) or income from nonoperating assets. As a result, the net value Of the equity is derived by subtracting the market value of debt and adding the market value Of nonoperating assets.

  11. TABLE 10.6General DCF Spreadsheet Valuation Model (Model 10-03B) (dollar amounts in millions except per share) Source: WESTON ET, AL

More Related