Oil & Gas Valuation – Quick Reference http://breakingintowallstreet.com Oil & Gas Valuation: Comparable Public Companies & Precedent Transactions Picking a set of comparable companies or precedent transactions for an oil & gas company is very similar to how you would pick them for any other company – here are the differences: 1. Rather than cutting the set by revenue or EBITDA‚ you would instead select the set based on Proved Reserves or Daily Production (in addition to the normal geographic and industry criteria)
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25814-P.R.(081-090)Uncertainty 8/8/00 8:56 AM Page 81 Strategy under uncertainty Hugh G. Courtney‚ Jane Kirkland‚ and S. Patrick Viguerie The traditional approach to strategy requires precise predictions and thus often leads executives to underestimate uncertainty. This can be downright dangerous. A four-level framework can help. A t the heart of the traditional approach to strategy lies the assumption that executives‚ by applying a set of powerful analytic tools‚ can predict
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in 2012 as you can see in Appendix 4‚ which can possibly explain the important D&A in 2011-2012. The decrease in EBIT must therefore be put into perspective. Whereas Wall Street reacted to the 2011 Q4 results of Amazon‚ sending the shares down 10-12%‚ the stable 40% growth of Gross Profit in 2012 led to a stock appreciation of 45% (vs. +9% for the S&P 500). Moreover‚ 3P units grew 50% and 3P-FBA units grew a huge 78%. This shows the popularity of the FBA (Fulfillment By Amazon) program with
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Terms Comparison Paper HCS/552 February 4‚ 2013 John J. Schibler Terms Comparison Paper Health care economics involves making plenty of choices. Individuals‚ groups‚ businesses‚ and organizations choose how to use resources . Economics and health care are linked‚ because health care professionals apply economics in their everyday professional activities. They are able to do this through resource allocation. Any health care organization has to plan out how they will use their
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Techniques in Finance & Valuation 1 What is Valuation? Valuation: Methods of quantifying how much money something should be exchanged for today‚ considering future benefits. We will teach 4 valuation methods Trading Comparables Transaction Comparables Sum-of-the-Parts Valuation Discounted Cash Flow Analysis (DCF) $ 2 Why is Valuation important? Acquisitions: How much should we pay for the company? Divestitures: How much should we sell our company for? Sell-side Research: Should our clients
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The purpose of DCF-Valuation is to determine the value of a company in terms of its future cash flows. The cash flows are adjusted with certain items (e.g. those not related to company´s core businesses or those with no cash effect) in order to make sure the flows reflect the actually generated cash as good as possible. This document describes DCF valuation in detail and in our valuation model. If you would like to get an overview of valuation in general or practical examples (numerical and graphical)
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How To Choose The Best Stock Valuation Method When trying to figure out which valuation method to use to value a stock for the first time‚ most investors will quickly discover the overwhelming number of valuation techniques available to them today. There are the simple to use ones‚ such as the comparable method‚ and there are the more involved methods‚ such as the discounted cash flow model. Which one should you use? Unfortunately‚ there is no one method that is best suited for every situation.
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Kimberly Hernandez October 23‚ 2013 Summary #2: Chapters 3‚ 8‚ 13 & 14. Chapter 3 was about managing time. As students‚ we need to figure out where are time goes because we need to determine if it’s even going to the right activities that we do. We may not realize that habits of doing certain things at certain times are affecting our work. Therefore‚ we need to start prioritizing what needs to be done for our own good. In this case‚ its class work so we need to set up a schedule for ourselves
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Option Valuation Chapter 21 Intrinsic and Time Value intrinsic value of in-the-money options = the payoff that could be obtained from the immediate exercise of the option for a call option: stock price – exercise price for a put option: exercise price – stock price the intrinsic value for out-the-money or at-themoney options is equal to 0 time value of an option = difference between actual call price and intrinsic value as time approaches expiration date‚ time value goes to zero 21-2
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HW Bond Valuation and Bond Yields Clifford Clark is a recent retiree who is interested in investing some of his savings in corporate bonds. His financial planner has suggested the following bonds: • Bond A has a 7% annual coupon‚ matures in 12 years‚ and has a $1000 face value. • Bond B has a 9% annual coupon‚ matures in 12 years‚ and has a $1000 face value. • Bond C has an 11% annual coupon‚ matures in 12 years‚ and has a $1000 face value. Each bond has a yield to maturity (YTM) of 9%
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