JetBlue IPO WACC The estimation of cost of capital for JetBlue proved to be a difficult process. Considering the company has an unfavorable capital structure‚ due to the fact that they are acquiring a large number of aircrafts‚ simply taking the weights of debt and equity are not acceptable. In order to accurately judge the discount rate the multiples method is necessary. The comparison was to a leading low-fare airline company‚ Southwest. Another critical point is that taking the book
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instrumental in the preparation of my project report. On the onset‚ I would like to thank the organization “Corporate Bridge Consultancy Pvt.Ltd.” for providing me the opportunity to undertake this summer internship and allowing me to explore the area of valuation and financial modeling‚ which was totally new for me and which would prove out to be very beneficial in my future assignments‚ studies and career. I wish to place on records‚ my deep sense of gratitude for my project guide‚ Mr.DheerajVaidya‚ director
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analysts neglect costs of financial distress associated with corporate leverage‚ and they may ignore other interesting financial side effects as well. | | Flexible – analyst can configure a valuation in whatever way makes most sense for the people involved in managing its separate parts. | APV remains a DCF methodology and is poorly suited to valuating projects that are essentially options. | | Exceptionally transparent: you get to see all the components of value in the analysis. None are buried
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Marketing Strategy for Investment Bankers I. Overview This paper sets out to explain how the concepts underlying marketing strategy‚ which is may be seen as applicable only to industries that provide tangible goods‚ such as iPads or pharmaceutical drugs‚ are nevertheless relevant to a service-based industry like investment banking. First‚ I will define marketing strategy and briefly describe its various elements. Next‚ I will define investment banking and give a brief description of the various
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19 December 2012 Vinamilk (VNM) 18 March 2011 A safe haven Anh Nguyen Senior Analyst anh.nguyen@vcsc.com.vn +84 8 3 914 3588 ext. 194 Initiation Target price Upside VND106‚000 25% Consumer Goods Market cap Shares outstanding 12M High 12M Low VND84‚500 – BUY US$3‚439m 834m VND92‚700 VND52‚000 Investors appear to recognize the competitive advantages and growth opportunities of Vinamilk. The company has a good brandname‚ economy of scales‚ an extensive distribution
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References: 1. Damodaran‚ A. (1997). Corporate finance. Canada: John wiley&sons inc. Acquisition Valuation (p.9) 2. 11.12.2011‚ 14.32‚ retrieved from http://www.answers.com/topic/synergy 3.11.12.2011‚ 14.35‚ retrieved from http://www.mbaknol.com/management-concepts/mergers-and-acquisitions-synergies-through-consolidation/ 4.Engin Küçükkaya‚ METU Business
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How competitors affect competitive advantage of Pepsi Pepsi is one of the world’s top carbonated drink company established in 1893. Today it has grown into a multibillion company which produces some of the most popular soft drinks‚ cereals and franchise eateries (Our History 2011). But Pepsi‚ like most of the other companies is unable to escape competitors in their general task environment who directly affect their competitive advantage. Competitive advantage is the advantage a company or product
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Contents Introduction1 Fundamental Analysis1 Prospect Analysis3 Financial Analysis4 Investment Analysis4 Operating Policy7 Conclusion8 Appendix Introduction Ocean Carrier Inc. owned and operated cape-size dry bulk carriers worldwide. Major Cargo type is iron ore and coal. Vessel sizes are 80‚000 DWT to 210‚000 DWT. Cape-size carriers travel around Cape Horn rather than the Panama Canal due to size constraints. The cargo operations include maintenance‚ repairs‚ insurance‚ supplying of
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Company prior ... 4. [PDF] XYZ Company Limited - Crisil crisil.com/pdf/capitalmarket/sample-valuation-report.pdf - India File Format: PDF/Adobe Acrobat - Quick View Page 1 ... XYZ Company Limited (hereinafter referred to as “XYZ” or “the company”) is... company and markets its products under the brand name XX in the XX region ofIndia. ... DCF and EV/tonne methodology give similar valuations‚ while EV/EBITDA ...It may be mentioned that the management of the company has been ... 5. [PDF]
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to run its business without increasing leverage ratio. Also‚ it can help create better balance sheet‚ thus facilitating publicly trading and decreasing default risk by and large. 4. What is the fair value of one share of New-TA? 1) Multiple valuation method We use Pantry (PTRY) as comparable firm from three comparable firms. Because Pantry has a similar business model as New-TA‚ it leases most of its stores for operation instead of owning them (it owns 368 stores‚ but leases 1125 stores).
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