Valuation Maximizing Corporate Value phần 10 potx
Valuation Maximizing Corporate Value phần 10 potx
... 116
Market share, 15–16, 53, 101 ,
105 , 111
Mission, 9, 77, 80–81, 83–88,
93–99, 106 , 108 109 ,
117, 159, 160, 170, 177,
189
Niches, 77, 79, 88–89, 91–93,
95, 99, 107 , 109 , 157,
165, 169–170, 180, ... 69–70
Surveys, 63, 65–69, 82, 140
Taxes, 10, 17, 31, 33–34, 36,
38, 41–42, 46, 146,
149–150
Technology, 24, 105 , 107 ,
110, 135, 139, 163, 171,
175
Threats, 8, 178, 180
Time valu...
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 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...
valuation maximizing corporate value phần 10 ppsx
... 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 ... strategic framework to be very good at dealing with
change, restructuring the culture, maximizing organization
value, or planning for the future.
Effective leadership in response to cha...
Valuation Maximizing Corporate Value phần 1 ppt
... Drivers 35
Determine Cost of Capital 40
Calculate Current Organization Value 43
Summary 48
Endnotes 48
Valuation
Maximizing Corporate Value
GEORGE M. NORTON III
John Wiley & Sons, Inc.
acknowledgments
I
want ... George M.
Valuation : maximizing corporate value / George M. Norton III.
p. cm.
Includes index.
ISBN Bookz 0-471-38654-5 (cloth : alk. paper)
I. Management. 2....
Valuation Maximizing Corporate Value phần 3 docx
... CURRENT VALUE
EXHIBIT 2.2 Yearly Cash Flows for ABC Company
Year 1 Year 2 Year 3 Year 4 Year 5
Revenues 106 0.00 1123.60 1191.02 1262.48 1338.23
Operating
Profit
Margin % 10. 00 10. 00 10. 00 10. 00 10. 00
Operating
Profit ... added
to the cumulative value of the cash flows, a total valuation
of the operating cash flow potential of the organization can
be calculated. In the ABC Co...
Valuation Maximizing Corporate Value phần 4 pptx
... 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 the company, are contained in ... 900 950 100 0
% 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 26 28 40 44 46
Tax Rate
a
40.6 36.3 44.4 41.9...
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 ... 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,...
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
... 2 Year 3
Revenues 106 0.00 1123.60 1191.02
Operating Profit Margin (%) 10. 00 10. 00 10. 00
Operating Profit 106 .00 112.36 119 .10
Less:
Taxes 42.40 44.94 47.64
Increased Fixed Capital
Investment ... 2’s
“Calculate Current Organization Value for each set of
strategic combinations, the one set that yields the greatest
value for the organization (and hence, maximizes its value)
can...
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