Valuation Maximizing Corporate Value phần 9 ppsx

... (754.3 ϫ .5 194 = 391 .8). Therefore, the ending value at the end of five years for the Revised Case is 391 .8. Step 6: Revised Case Value In order to obtain the total Revised Case value, reflecting the ... Base Case 1060.0 1123.6 1 191 .0 1262.5 1338.2 597 5.3 ■ Revised Case 1104.0 12 49. 0 1416.0 1 595 .0 1781.0 7145.0 Net Operating Profit: ■ Base Case 106.0 112.4 1 19. 1 126.3 133.8...

Ngày tải lên: 14/08/2014, 05:21

... 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 ... developed (and, therefore, shared) values provide control by guiding member actions. If the mission that is developed is successful in capturing the purposes and values of the organization,...

Ngày tải lên: 14/08/2014, 05:21

... the organization values its employees. return pet projects and no-return perquisites also sets an example. In this case, however, it is not one of maximizing the organization’s value or the security ... stories at organization social events 19. Networking through local service clubs 20. Individual business cards 21. Website design and content 188 EXECUTE FOR VALUE The best strategic do...

Ngày tải lên: 14/08/2014, 09:20

... spent Create Action Plans 163 Create Action Plans 1 59 tives, and that achieving these objectives in this fashion will, indeed, increase the overall value of the organization, the task force should ... submitting product improvement ideas, further communicating and inculcating the organization’s values of excellence, rewards, and growth. Flowers in the R&D reception area, plaques on th...

Ngày tải lên: 14/08/2014, 09:21

... Goals 93 Summary 95 Endnotes 96 CHAPTER 5 Formulate Sound Strategies 97 Understand Strategic Thinking 98 Develop Objectives 108 Develop Strategies 113 Select Value -Maximizing Strategies 1 19 Summary ... Discounted Cash Flow 30 Understand Value Drivers 35 Determine Cost of Capital 40 Calculate Current Organization Value 43 Summary 48 Endnotes 48 Valuation Maximizing Cor...

Ngày tải lên: 14/08/2014, 05:21

... the market value to book Determine Relative Value 19 10 0 1 2 3 4 5 6 7 20 2515 30 35 Return on Equity (%) BETTER WORSE ABC Company Maarket Value/ Book Value EXHIBIT 1.11 Relative Value good source ... each: 1. Market value 2. Book value 3. Five year average return on equity 5 Once these are assembled a chart is created. For each com- pany, the market value is divided by the b...

Ngày tải lên: 14/08/2014, 05:21

... 1060.0 1123.6 1 191 .0 1262.5 1338.2 Operating Profit 106.0 112.4 1 19. 1 126.3 133.8 Cash Flow from Operations 59. 4 63.0 66.7 70.8 75.0 Discount Factor 0.8772 0.7 695 0.6750 0. 592 1 0.5 194 Present Worth ... Inventory 1.80 1 .91 2.02 2.14 2.27 Cash Flow from Operations 59. 40 62 .96 66.74 70.75 74 .99 1. Make decisions to optimize company value when you run a business 2. Obtain the b...

Ngày tải lên: 14/08/2014, 05:21

... Organization Value 45 EXHIBIT 2.4 Selected Historical Data for ABC Company Year Year Year Year Year Year Mean –5 –4 –3 –2 –1 0 Revenue 750 800 850 90 0 95 0 1000 % Change 6.7 6.3 5 .9 5.6 5.3 6 Operating Profit ... ear- lier in this chapter. SUMMARY The present values of the cash flows for this set of projec- tions for ABC Company, along with the present value of the ending value of...

Ngày tải lên: 14/08/2014, 05:21

... 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...

Ngày tải lên: 14/08/2014, 05:21

... Scenario Year 1 Year 2 Year 3 Cash Flow No Objective 59. 40 62 .96 66.74 1 89. 10 Objective O.2 52.38 66.11 74.46 192 .95 Objective O.4 53.00 61 .95 67.88 182.83 124 FORMULATE SOUND STRATEGIES EXHIBIT ... 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 remain...

Ngày tải lên: 14/08/2014, 05:21