Valuation Maximizing Corporate Value phần 2 potx
Valuation Maximizing Corporate Value phần 2 potx
... share, Unit A
Plot Growth Performance 15
1
100
120
140
160
180
20 0
22 0
24 0
Industry Composite
ABC Company
(23 % per year)
(27 % per year)
26 0
28 0
23 45
Years
Index
EXHIBIT 1.9 Revenue Growth Years ... A 41.4 15.8
Unit B 33.3 18.3
Unit C 0.3 26 .9
Geographical Area
Segmentation
North 23 .1 8.1
South 30.6 35 .2
East 40.9 26 .2
West 6.8 24 .9
Canada 28 .6 22 .1
... Reven...
Valuation Maximizing Corporate Value phần 10 potx
... 9–11, 12, 17, 29 ,
32 34, 37
Beta, 40–41
Capital, cost of, 32, 40,
42 44, 47–48, 144, 148,
161–1 62, 175, 177
Capital, fixed, 31, 33, 38, 46,
122 , 146, 153
Capital, working, 28 , 31, 34,
39, 46, 122 , ... 51, 76, 160,
189
Valuation, 23 , 30–31, 35, 37,
80, 120 , 125
Value
book, 18 20 , 29
company, 24 , 29
drivers of, 35–39, 134
ending, 33, 35, 44, 48,
149–150, 154
market, 18 20...
Valuation maximizing corporate value phần 2 doc
... your disposal and is the first
step toward setting sound business goals and maximizing
your organization’s strategic value in the future.
It is important to remember that it is impossible for ... team reaches agreement or a consensus that the activities
shown represent the sum total of the value added by the orga-
nization during its normal course of business. Then combine
and/or elimin...
Valuation maximizing corporate value phần 7 potx
... 1 12 FORMULATE SOUND STRATEGIES
The timing required for completion is a fourth compo-
nent of a good
Valuation Maximizing Corporate Value phần 1 ppt
... Title.
HD30 .28 .N677 20 03
658.4'0 12 dc21
20 020 11161
Quantify the Selected Strategies 134
Calculate Revised Case Value 144
Measure Value Enhancement 150
Summary 154
CHAPTER 7
Execute for Value 157
Create ... Importance of Value 23
Master Discounted Cash Flow 30
Understand Value Drivers 35
Determine Cost of Capital 40
Calculate Current Organization Value 43
Summary 48...
Valuation Maximizing Corporate Value phần 3 docx
... 1 12. 36 119.10 126 .25 133. 82
Less:
Taxes 42. 40 44.94 47.64 50.50 53.53
Incremental Fixed
Capital Inventory 2. 40 2. 54 2. 70 2. 86 3.03
Incremental
Working
Capital Inventory 1.80 1.91 2. 02 2.14 2. 27
Cash ... the organization.
32 CALCULATE CURRENT VALUE
EXHIBIT 2. 2 Yearly Cash Flows for ABC Company
Year 1 Year 2 Year 3 Year 4 Year 5
Revenues 1060.00 1 123 .60 1191. 02 1...
Valuation Maximizing Corporate Value phần 4 pptx
... 43 45 46 48
Increase 1 2 2 1 2
Increase as % of
Sales Increase 2 4 4 2 4 3
Net Fixed
Capital 80 81 83 86 87 90
Increase 1 2 3 1 3
Increase as % of
Sales Increase 2 4 6 2 6 4
a
Taxes as a percent ... Mean
–5 –4 –3 2 –1 0
Revenue 750 800 850 900 950 1000
% Change 6.7 6.3 5.9 5.6 5.3 6
Operating
Profit 64 77 90 105 120
Operating
Profit
Margin 8.0 9.1 10.0 11.1 12. 0 10
Taxes...
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 ... in dis-
cussing strategic and valuation issues. However, by way of
introduction, a brief description/definition of each level/
element is included in Exhibit 4 .2.
The strategic framewor...
Valuation Maximizing Corporate Value phần 6 docx
... 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 value areas might include:
■ ... list
both ends of a value- related spectrum in two columns and
have the participants place an “X” representing their view
of where the organization stands on that particular value
alon...
Valuation Maximizing Corporate Value phần 7 doc
... Fixed Capital
Investment 2. 40 2. 54 2. 70
Increased Working Capital
Investment 1.80 1.91 2. 02
Cash Flow from Operations 59.40 62. 96 66.74
Select Value -Maximizing Strategies 125
methodology remains ... Flow
Comparison
Total
Scenario Year 1 Year 2 Year 3 Cash Flow
No Objective 59.40 62. 96 66.74 189.10
Objective O .2 52. 38 66.11 74.46 1 92. 95
Objective O.4 53.00 61.95 67.88...
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