Valuation Maximizing Corporate Value phần 1 ppt
Valuation Maximizing Corporate Value phần 1 ppt
... 2003
658.4' 012 —dc 21
2002 011 1 61
Quantify the Selected Strategies 13 4
Calculate Revised Case Value 14 4
Measure Value Enhancement 15 0
Summary 15 4
CHAPTER 7
Execute for Value 15 7
Create Action Plans 15 8
Plan ... Objectives 10 8
Develop Strategies 11 3
Select Value -Maximizing Strategies 11 9
Summary 12 8
Endnotes 12 8
CHAPTER 6
Evaluate Alternative Approache...
Valuation Maximizing Corporate Value phần 4 pptx
... 64 77 90 10 5 12 0
Operating
Profit
Margin 8.0 9 .1 10.0 11 .1 12.0 10
Taxes 26 28 40 44 46
Tax Rate
a
40.6 36.3 44.4 41. 9 38.3 40
Net Working
Capital
b
40 41 43 45 46 48
Increase 1 2 2 1 2
Increase ... Current Organization Value 47
EXHIBIT 2.5 Weighted Cost of Capital Inputs for ABC
Company
Input Value
Risk-Free Rate of Return (Rf)8%
Market Rate of Return (Rm) 14 %
Beta of...
Valuation maximizing corporate value phần 1 pps
... Strategies 13 4
Calculate Revised Case Value 14 4
Measure Value Enhancement 15 0
Summary 15 4
CHAPTER 7
Execute for Value 15 7
Create Action Plans 15 8
Plan Implementation 17 0
Embrace Change 17 7
Execute ... Implementation 17 0
Embrace Change 17 7
Execute the Framework 18 7
Summary 18 8
Endnotes 19 0
Epilogue 19 1
Index 19 3
Contents xiii
Valuation
Maximizing Corpor...
Valuation maximizing corporate value phần 9 ppt
... other, decision making is
simple. For example, if one expects to invest $10 0 at the
Create Action Plans 16 1
Create Action Plans 16 5
The main lesson to be learned here is that a combination
of direct ... will be spent
Create Action Plans 16 3
Create Action Plans 15 9
tives, and that achieving these objectives in this fashion will,
indeed, increase the overall value of the organization...
Valuation Maximizing Corporate Value phần 2 potx
... the market value to book
Determine Relative Value 19
10
0
1
2
3
4
5
6
7
20 2 515 30 35
Return on Equity (%)
BETTER
WORSE
ABC Company
Maarket Value/ Book Value
EXHIBIT 1. 11 Relative Value
good source ... BB
ABC Company 10 0 10 8 13 9 17 3 230
Index
Industry Composite 10 0 11 5 15 0 2 01 2 61
Index
Note: To convert from dollars to the index, divide yearly data by year...
Valuation Maximizing Corporate Value phần 3 docx
... Discounted Cash Flows for ABC Company
Year 1 Year 2 Year 3 Year 4 Year 5
Revenues 10 60.0 11 23.6 11 91. 0 12 62.5 13 38.2
Operating
Profit 10 6.0 11 2.4 11 9 .1 126.3 13 3.8
Cash Flow
from
Operations 59.4 ... CURRENT VALUE
EXHIBIT 2.2 Yearly Cash Flows for ABC Company
Year 1 Year 2 Year 3 Year 4 Year 5
Revenues 10 60.00 11 23.60 11 91. 02 12 62.48 13 38.23
Operating
Pro...
Valuation Maximizing Corporate Value phần 5 ppsx
... core values.
A more formal approach, often useful after an informal
value- story-sharing session, involves prioritizing and rank-
ing various values. One way to do this is simply to list value
areas ... steps
1
:
1. Planning meeting. Information collection, process
scheduling
2. Fundamentals workshop. Mission, niches, goals
3. Economic model creation. How cash flows impact
organization...
Valuation Maximizing Corporate Value phần 6 docx
... is
shown in Exhibit 5 .1.
Understand Strategic Thinking 10 3
Current Position
Differentiation
Time
Efficiency
EXHIBIT 5 .1 ABC Company Current Strategic
Dimensions Position
10 4 FORMULATE SOUND STRATEGIES
As ... quickly identify the key value areas important to
the organization and refine them further as necessary to
incorporate into the mission statement. A typical list of
broad valu...
Valuation Maximizing Corporate Value phần 7 doc
... Projected Cash Flows:
Objective O.2
Year 1 Year 2 Year 3
Revenues 10 60.00 11 23.60 11 91. 02
Operating Profit Margin (%) 10 .50 11 .00 11 .50
Operating Profit 94.30 11 7.60 13 1.97
Less:
Taxes 37.72 47.04 52.79
Increased ... Implementation
Year 1 Year 2 Year 3
Revenues 10 60.00 11 23.60 11 91. 02
Operating Profit Margin (%) 10 .00 10 .00 10 .00
Operating Profit 10 6.00 11...
Valuation Maximizing Corporate Value phần 8 doc
... Parts 12 .0 12 .0 12 .0 12 .0 12 .0 12 .0
■ New Devices 12 .0 12 .0 12 .0 12 .0 12 .0
Gross
Operating Profit 10 0 11 3 13 1 15 2 17 2 19 2
■ Existing Designs 40 45 51 57 60 64
■ New Designs 0 2 5 10 15 19
■ Parts ... Case Value 14 5
EXHIBIT 6.6 ABC Company Revised Case Income Statement
Year Year Year Year Year Year
012 345
Total Revenues
a
10 00 11 04 12 49 14 1...
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