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Joy Global Final Valuation

Joy Global Final Valuation. Thomas Maguire 4/23/2013. Joy Global Introduction. http://www.youtube.com/watch?v=6kS6YY3TQTw#t=12. Joy Global. Joy: One Year Price Chart. JOY Background. 2013 Revenues. Revenue Growth. S upplier of products and services to the worldwide oil & gas industry

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Joy Global Final Valuation

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  1. Joy Global Final Valuation Thomas Maguire 4/23/2013

  2. Joy Global Introduction http://www.youtube.com/watch?v=6kS6YY3TQTw#t=12

  3. Joy Global Joy: One Year Price Chart

  4. JOY Background 2013 Revenues Revenue Growth • Supplier of products and services to the worldwide oil & gas industry • Oilfield Operations & Industrial Services Segments • Revenues driven by Operations • 2010 acquisition of BJ Services

  5. Commodity Landscape Commodity Trends

  6. Multiples Analysis

  7. Beta Regression

  8. WACC Estimate Comparison

  9. Computation of EPAT

  10. Computation of NEA

  11. A look at historical trends

  12. Common Size EPAT

  13. Common Size NEA

  14. Forecasts

  15. DCF Valuation

  16. AEG Valuation

  17. REI Valuation

  18. Equity Valuation Final Valuation: • Incorporated use of “Mid Year” & “Valuation Date Adjustment” • Replaced BV of Long Term Debt with MV of Long Term Debt • Currently trading at $61.32… PASS!!! • Good company with improving fundamentals but with current market outlook not a good stock!

  19. Questions? • Thank You!

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