Financial valuation Applications and Models phần 9 potx

... book may expand on these areas. A: Valuation Issues in Mergers and Acquisitions B: Valuation for Public Companies and/ or Financial Reporting C: Valuation Issues in Buy-Sell Agreements D: Valuation ... and implemented, and the professional judgments used throughout the valuation. Bias toward Training and Quality Improvement All business valuation practitioners are “prac...

Ngày tải lên: 14/08/2014, 05:20

... 24 Valuation Views and Controversial Issues: An Illustration 95 5 The Report 95 5 Introduction 95 7 National Economic Outlook 96 3 Regional Economic Data (as of December 8, 199 9) 96 5 Local Economy 96 7 Industry ... Stock Valuation 897 H: Valuation of Early-Stage Technology Companies 90 9 I: Valuation Issues Related to Stock Options 91 7 J: Real Option Valuations 93 6 K:...

Ngày tải lên: 14/08/2014, 05:20

... 0.250 10,480 Period 7 50,3 19 20% 26% 0. 198 9, 960 8 60,383 20% 26% 0.157 9, 480 9 72,460 20% 26% 0.125 9, 060 10 81,155 12% 26% 0. 099 8,030 3rd Explicit 11 90 , 894 12% 26% 0.0 79 7,180 Period 12 101,801 ... .06) 1/2 1.0 295 63 6.00% Discount Factor Present Month Amount Half-Year Monthly Value 1 100 1.005 99 .50 2 100 1.010 99 .01 3 100 1.015 98 .51 4 100 1.020 98 .02 5 100 1.0...

Ngày tải lên: 14/08/2014, 05:20

... 3.0% 3.6% 4.1% 4.8% 5.4% 6.1% 5% 3 .9% 4.4% 5.0% 5.6% 6.2% 6 .9% 10% 5 .9% 6.4% 6 .9% 7.5% 8.1% 8.7% 15% 7.6% 8.1% 8.6% 9. 1% 9. 6% 10.2% 20% 9. 1% 9. 6% 10.0% 10.5% 10 .9% 11.4% 25% 10.5% 10.8% 11.2% 11.6% ... 148,8 39. 6 3674 Semiconductors and Related Devices 147 438,1 29. 9 0.6 167 ,93 0 .9 5812 Eating Places 122 80,8 79. 9 0.0 38,228.5 4813 Telephone Communications, except Radio...

Ngày tải lên: 14/08/2014, 05:20

... Discount 197 5– 197 8 52.5% 197 9 62.7% 198 0– 198 2 56.5% 198 3 60.7% 198 4 73.1% 198 5 42.6% 198 6 47.4% 198 7 43.8% 198 8 51.8% 198 9 50.3% 199 0 48.5% 199 1 31.8% 199 2 51.7% 199 3 53.3% 199 4 42.0% 199 5 58.7% 199 6 ... 52% May 199 7–December 2000 (b) 36 48% 44% May 199 7–March 2000 (c) 53 54% 54% November 199 5–April 199 7 91 43% 42% January 199 4–June 199 5 46 45% 45%...

Ngày tải lên: 14/08/2014, 05:20

... Investor Study ( 196 6– 196 9) (a) 197 1 398 24% 26% n.a. (15%) Gelman ( 196 8– 197 9) (b) 197 2 89 33% 33% n.a. < 15% Trout ( 196 8– 197 2) (c) 197 7 60 n.a. 34% n.a. n.a. Moroney ( 196 8– 197 2) (d) 197 3 146 34% ... n.a. n.a. Silber ( 198 1– 198 8) (h) 199 1 69 n.a. 34% 24% (13%) FMV Opinions, Inc. ( 196 9– 199 2) (i) ** > 100 n.a. 23% n.a. n.a. Management Planning, Inc. ( 198 0– 1...

Ngày tải lên: 14/08/2014, 05:20

... $800,000 ValTip 534 199 5 199 6 199 7 199 8 199 9 2000 Average _______ ________ ________ ________ _______ ________ ________ Expenses Guaranteed Payments 2.47% 2.31% 1. 49% 2.31% 1.40% 2.08% 1 .91 % Accounting ... value. Long-standing regulations and rulings, such as Treasury Regulation 20.2031-1(b) and Revenue Ruling 59- 60, 195 9-1 C.B. 237, have provided defini- tions for fair marke...

Ngày tải lên: 14/08/2014, 05:20

... 98 46015 (November 13, 199 8) Priv. Ltr. Rul. 98 52004 (December 24, 199 8) Priv. Ltr. Rul. 199 938052 (July 2, 199 9) Treas. Reg. § 1.1042-1T Treas. Reg. § 54. 497 5-7(b)(5)(iii) Department of the Treasury, ... outstanding to capture the fully dilutive effect. 606 VALUATION ISSUES IN EMPLOYEE STOCK OWNERSHIP PLANS Priv. Ltr. Rul. 98 21022 (February 17, 199 8) Priv. Ltr. Rul. 98 46015 (...

Ngày tải lên: 14/08/2014, 05:20

... important to understand the overall operating expense profile (see Exhibit 19. 14). Exhibit 19. 14 Major Operational Expenses and Percent of Revenue ( 199 8–2000) 199 8 199 9 2000 199 8 199 9 2000 _________ ... 3,534,247 3 ,93 7,5 69 3.3% 3.4% Purchased Services 4,473,8 89 5 ,98 6 ,92 3 4.2% 5.2% Drugs 2 ,94 1,417 3,554,613 2.8% 3.1% Supplies 9, 930,106 10, 891 , 296 9. 4% 9. 5% Utilit...

Ngày tải lên: 14/08/2014, 05:20

... following: 1. Audited financial statements for the years ended March 31, 199 5 through December 31, 199 9. 96 2 VALUATION VIEWS AND CONTROVERSIAL ISSUES: AN ILLUSTRATION VV As a further demonstration ... receivables, and fixed assets. The fixed assets consist primarily of construction equipment and vehicles. 4. The earning capacity of the company. The Company’s compound growth rate from...

Ngày tải lên: 14/08/2014, 05:20