FINANCIAL ANALYSIS: TOOLS AND TECHNIQUES CHAPTER 4 pps

... book. hel78340_ch 01. qxd 9/27/ 01 10:58 AM Page 19 18 Financial Analysis: Tools and Techniques production, carefully calibrated against quality standards and relative contribution from products and services, ... economic tools, but the development of hel78340_ch 01. qxd 9/27/ 01 10:58 AM Page 11 xvi Contents Combinations and Synergy 414 Combinations and Share Value...

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... framework and tools Overall results and value creation Operational effectiveness Investment effectiveness Financing effectiveness 26 Financial Analysis: Tools and Techniques hel78340_ch 02. qxd 9 /27 /01 ... management team. Every one of these decisions hel78340_ch 02. qxd 9 /27 /01 10:59 AM Page 22 38 Financial Analysis: Tools and Techniques performance and to...

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... an Current assets Working capital Fixed assets Other assets Current liabilities Long- term debt Share- holders' equity hel7 834 0_ch 03. qxd 8/6/01 3: 31 PM Page 60 86 Financial Analysis: Tools and Techniques $10 million, and reduction in deferred taxes of $1 13 million. The final two items represent ... investment and by far less in the other two, $3 million and $52 mi...

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... salvage value of $40 0. †Switch to straight-line in Year 4; required for 15- and 20-year IRS asset classes. hel78 340 _ch 04. qxd 9/27/01 11:07 AM Page 143 1 34 Financial Analysis: Tools and Techniques The ... $10 $10,831 hel78 340 _ch 04. qxd 9/27/01 11:07 AM Page 1 04 142 Financial Analysis: Tools and Techniques In the case of physical assets, the depreciation writ...

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... . . . . . . . . . 190 1 .5 1 75 1.7 7 85 1.7 850 1.6 Based on outstanding debt and temporary borrowing Profit before taxes . . . . . . . . 755 6.0 250 2.4 2,3 75 5.0 3, 450 6.6 Income taxes . . . ... . . . . . . . . 8 75 6.9 8 25 8.0 3,340 7.1 3 ,55 0 6.8 Lower activity in last quarter; increase in pro forma year General and administrative 58 5 4.6 600 5. 9 2,2 15 4.7 2, 350 4...

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... 10 16 16 16 16 16 16 Growth in equity‡ . . . . . . . . . . . . . . . . . . . . . . . . . 10 10 10 16 16 16 8 8 8 Growth in profit after interest . . . . . . . . . . . . . . . . — 10 10 — 16 16 ... . . . . . . $ 60 0 $ 60 0 $ 60 0 *Before personal income taxes. hel78340_ch 06. qxd 9/27/01 11:13 AM Page 208 222 Financial Analysis: Tools and Techniques In the end, the key...

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... 0.909 0.893 0. 877 0. 870 0.862 0.8 47 0.833 0.820 0.806 0.800 0 .79 4 0 .78 1 0 .76 9 0 .74 1 0 .71 4 0.690 0.6 67 2 0.980 0.961 0.925 0.9 07 0.890 0.8 57 0.826 0 .79 7 0 .76 9 0 .75 6 0 .74 3 0 .71 8 0.694 0. 672 0.650 0.640 ... 3.092 2 .71 5 2.414 2.168 1.965 11 10.368 9 .78 7 8 .76 0 8.3 07 7.8 87 7.139 6.495 5.9 37 5.453 5.234 5.029 4.656 4.3 27 4.035 3 .77 6 3.656 3.544 3.335 3....

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... . . 0 17 ,86 0 31 ,88 0 28, 480 25,440 28, 350 25,350 9,040 4,040 Present values of total cash flows . . . . . . . . . . . . Ϫ130,000 Ϫ4,465 15,940 28, 480 15,900 28, 350 20, 280 9,040 28, 280 Cumulative ... 16,1 28 Depreciation tax shield ($1,150 ϫ .36) . . . . . . 0 414 414 414 414 414 414 414 2 ,89 8 Total project cash flows (including recovery) . . 8, 750 2,7 18 2,7 18 2,7 18 2,7 18...

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... Team-Fly ® 354 Financial Analysis: Tools and Techniques Summary In this chapter we’ve reviewed both the decisional framework and some of the techniques used to analyze the different ... interest and taxes drop by $759,000 as compared to the initial conditions in Figure 10 2. This earnings hel78340_ch10.qxd 9/27/01 11:30 AM Page 332 336 Financial Analysis...

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... even within a day’s trading, and the volume of shares changing hands on a given day hel78340_ch11.qxd 9/27/01 11: 31 AM Page 359 386 Financial Analysis: Tools and Techniques By observing this ... expectations. Since ultimately all economic hel78340_ch11.qxd 9/27/01 11: 31 AM Page 372 380 Financial Analysis: Tools and Techniques this opportunity rises and falls with t...

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... extensive finance texts and case books, such as we’ve listed at the end of each chapter. hel78340_ch12.qxd 9/27/01 11:33 AM Page 417 420 Financial Analysis: Tools and Techniques unit, but also ... elements and vari- ables that drive value creation, which form the basis for operational targets and the hel78340_ch12.qxd 9/27/01 11:32 AM Page 393 424 Financial Analysis: To...

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... stock and other securities quota- tions, individual company stock data and charts, financial news, and much more. Infoseek, Lycos, and Excite each offer a selection of financial data, news, and ... the definitions of financial terms, and their relationships to formulas and statements. The software reflects the structure and definitions of financial analysis concepts a...

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... 6.55 5.90 4. 89 8 4. 45 6.55 5.90 4. 52 9 6.55 5.90 4. 46 10 6.55 5.90 4. 46 11 3.29 5.90 4. 46 12 5.90 4. 46 13 5.90 4. 46 14 5.90 4. 46 15 5.90 4. 46 16 2.99 4. 46 17–20 4. 46 21 2.25 hel78 340 _ch 04. qxd 9/27/01 ... 40 0 3 64 332 1 Ú2 288 1.125 1.125 Preference Stock II 2 40 2 396 352 350 1.125 1.125 $4. 50 Convertible 3 42 3 1 4 423 1 4 425 250 1.125 1.125 Serie...

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... . . 36% 36% 36% 36% 36% 36% 36% After-tax benefits. . . . . . . . . . . . . . . . . . . . . . . . 0 2, 560 2, 560 2, 560 2, 560 2, 560 2, 560 2, 560 17,920 Depreciation tax shield ($1,500 ϫ . 36) . . ... . . . . . . . 36% 36% 36% 36% 36% After-tax cost . . . . . . . . . . . . . . . . . . . . . . . 0 Ϫ5,120 Ϫ5, 760 6, 400 Ϫ7,040 Ϫ7 ,68 0 Ϫ32,000 Depreciation tax shield ($80,000 ϫ . 36) . . ....

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... payments. hel78340_apx2.qxd 9/27/01 11:33 AM Page 437 460 Techniques of Financial Analysis: A Guide to Value Creation Financial Manuals and Services Most current financial and economic information is now available ... 439 Financial information gathering and interpreting, 16–17 interpretation of, 53–54 Financial leverage, 128–130, 192, 203–209, 440 Financial manuals and...

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