Preview

Blaine Kitchenware

Satisfactory Essays
Open Document
Open Document
151 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Blaine Kitchenware
Blaine Kitchenware, Inc.: Capital
Structure
Course in Strategic Finance
University of Vienna, 2015
Mila Dineva, 1153546

Blaine Kitchenware, Inc.
•
•
•
•
•

founded in 1927, small appliances for kitchens
Public company, mainly controlled by the family
10% of the $ 2.3 bill. market
1994 – IPO
In the 90’s – moved its production abroad

Financial figures
•
•
•
•

Over-liquid and under-leveraged, no debt
2% sales growth 2003-2006
11% p.a. annual returns for shareholders 2004-2006
$53.6 mil. Net income, $342 mil. Revenues 2006

• Strengths: Liquidity, Debt-free, EBITDA

? Stock Repurchase Decision ?

Optimal Capital Structure
• Debt vs Cash
• Mm Th

Financial analysis

2006

2007 No Debt

Work 6

Revenue

342.251

352.519

352.519

COGS

249.794

252.051

252.051

Gross Profit

92.457

100.468

100.468

Other costs

28.512

30.211

30.211

Operating
Income
Depreciation

63.945

70.257

70.257

9.914

9.412

9.412

EBITDA

73.859

79.669

79.669

EBIT

63.945

70.257

70.257

Other Income

13.506

13.506

13.506

0

0

8.849

EBT

77.451

83.763

74.914

Taxes

23.821

33.505

29.966

Net Income

53.630

50.258

44.948

Interests

Financial analysis
Shares
Equity
EPS

44.052
488.363
1,02

Debt
Interest rate

146.509

Share Price

18

6%

Share Buy Value

180000

Debt-Share

-33.491

Cash

197.375

Net Debt

 15.000 shares

-50866

Market Cap

792.936

Enterprise Value

742.070

 30% equity

Stock Price Estimation
Stock Price
Estimation

H&H Design AutoTech App

XQL

Bunkerhill

EasyLiving

Market Cap

776427

13978375

5290145

3962780

418749

Net income

53698

1416012

412307

335073

13173

PER

14,459

9,871

12,830

11,826

Aver. PER

16,155

Estimated
Stock Price

16,478

31,788
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Powerful Essays

    Project on Chipotle and Red Robin
    • 1971 Words
    • 8 Pages

    Project on Chipotle and Red Robin

    Sales | 2,269,548 | 1,835,922 | Total Asset | 1,425,308 | 1,121,605 | Total Shareholders Equit | 1,044,226 | 810,873 | Average Total asset | 1986110.5 | | Average total shareholders equity | 1449662.5 | | Interest expenses | -2,945 | -269 | Income before interest and tax | 349,705 | 289,061 | | | | Times interest earned | 117.74 | 1073.57 | ROI | 16.87% | 15.95% |…

    • 1971 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Better Essays

    INDP Kudler Fine Food
    • 1189 Words
    • 4 Pages

    INDP Kudler Fine Food

    A network is defined as computer components such as hardware, assorted cables, and fiber optics, networking equipment used to link a company’s computers so that they can assign files, printers, software, and additional computer-related assets across short and long distances.…

    • 1189 Words
    • 4 Pages
    Better Essays
    Read More
  • Better Essays

    Kudler Fine Foods
    • 1040 Words
    • 5 Pages

    Kudler Fine Foods

    Kudler Fine Foods has been offering customers high quality gourmet foods for a number of years and has chosen to use a marketing strategy called the Frequent Shopper Program to offer valuable customers rewards through a points system to increase sales revenues and bring in more customers. Just like several other companies, Kudler Fine Foods has decided to use this program to offer loyal customers benefits and VIP services. Kudler Fine Foods has partnered with companies that can offer higher end items for redeemable gifts such as airline tickets with first class upgrades and specialty foods. The objective to having a frequent shopper program is to track purchases on an individual customer level and provide high value incentives in order to raise revenues in the company’s products and services departments. Considerations for the implementation of this program include legal, ethical, and information security. This document will serve to discuss all three as well as discuss the cost related concerns in applying this program.…

    • 1040 Words
    • 5 Pages
    Better Essays
    Read More
  • Better Essays

    Kudler Fine Foods
    • 971 Words
    • 4 Pages

    Kudler Fine Foods

    Kudler Fine Foods is a chain of specialty food stores that provide the finest food and wines to the general public. There are three locations of Kudler Fine Foods:…

    • 971 Words
    • 4 Pages
    Better Essays
    Read More
  • Better Essays

    Kudler Fine Foods
    • 969 Words
    • 4 Pages

    Kudler Fine Foods

    Kudler Fine Foods wishes to develop a system to track customer purchases through a Frequent Shopper Program to award loyalty points for redemption. The objective of this project request is to track purchases of individual customers, which will accumulate as loyalty points for redemption (Apollo Group, 2011). Customers will have the ability to redeem loyalty points for gift items, specialty foods, and other products or services as made available (Apollo Group, 2011).…

    • 969 Words
    • 4 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Kudler Fine Foods
    • 889 Words
    • 3 Pages

    Kudler Fine Foods

    My team and I would like to present you with new accounting system. We feel that Kudler could benefit from a newer redesigned accounting system. Being in control of your finances is the most important part of any business. With managing three stores there can be a lot of transactions to keep account of. Three stores with three very different transactions every day, these transactions can consist of incoming sales, store outside purchases, inventory, payroll, etc. To keep three different stores in constant order without going over budget can be tough. With this new account system you will be able to keep all the sales together for the three stores, same with the store outside purchases, and all inventory purchases separate per store yet in order so you can understand how much you have ordered upon what you are selling.…

    • 889 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    Kudler Fine Foods
    • 1110 Words
    • 5 Pages

    Kudler Fine Foods

    Next security risks, is the assurance that unauthorized personnel will not have access to vital information. For internal control measures to be effective the company must have internal controls to reduce unauthorized system access. Next are audit risks which contribute to the authenticity of the system chosen. Audit risk carries with it several subcomponents of various risks, such as inherant, control, and detection risks (Hunton, Bryant, & Bagranoff, 2004). Similar to business risk, the opportunity for fraudulant activity to occur contributes significantly to control risk. An auditors failure to uncover…

    • 1110 Words
    • 5 Pages
    Better Essays
    Read More
  • Better Essays

    KUDLER FINE FOODS
    • 3315 Words
    • 14 Pages

    KUDLER FINE FOODS

    Kudler Fine Foods is in the process of developing a customer loyalty program, and a related system to give rewards to their customers. We have been given the task of assisting the development team in creating mechanisms that facilitate information security…

    • 3315 Words
    • 14 Pages
    Better Essays
    Read More
  • Powerful Essays

    Kudler Fine Foods
    • 1144 Words
    • 5 Pages

    Kudler Fine Foods

    Kerin, R. A., Hartley, S. W., & Rudelius, W. (2009). Marketing Research: From Customer Insights to Actions [University of Phoenix Custom Edition eBook]. : McGraw Hill. Retrieved from , FIN/421 website.…

    • 1144 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Better Essays

    Kudler Fine Foods
    • 1989 Words
    • 8 Pages

    Kudler Fine Foods

    Kudler Fine Foods is an upscale specialty food store, servicing the fine food connoisseur from their three California locations. Kudler’s business objective is to maximize profits by offering the highest quality products to its customers at competitive prices. In reviewing the data on the organization through the website, this paper discusses the organizational culture and structure, the leadership style and its effects on the company and the employees’ motivation, and the external and internal forces of change. A review of the organization will provide an insight to its ability to maintain success as forces of change are experienced.…

    • 1989 Words
    • 8 Pages
    Better Essays
    Read More
  • Good Essays

    Kudler Fine Foods Design
    • 1014 Words
    • 5 Pages

    Kudler Fine Foods Design

    In this paper we will evaluate the Kudler website and make some recommend some improvements. Kudler Fine Foods website has strengths and weaknesses and we will evaluate the existing site and purposes improvements for redesigns while building on the strengths of the current sites. The following specifically addressed design are the style and artistic quality used on the website, navigation of the site, marketing strategy, performance of the whole site, e-commerce capabilities, the web community as a whole, and layout of the site.…

    • 1014 Words
    • 5 Pages
    Good Essays
    Read More
  • Good Essays

    Kudler Finer Foods Propsal
    • 844 Words
    • 3 Pages

    Kudler Finer Foods Propsal

    Describe how the system might affect financial management, investor relations, and market perceptions among shareholders.…

    • 844 Words
    • 3 Pages
    Good Essays
    Read More
  • Better Essays

    Kudler Fine Foods
    • 1603 Words
    • 7 Pages

    Kudler Fine Foods

    Kudler Fine Foods is a local upscale specialty food store in the San Diego metropolitan area. The company has locations at La Jolla, Del Mar, and Encinitas. Kathy Kudler is the founder and President of the company. The organizational behavior aspects of Kudler Fine Foods will be examined and explored specifically in regard to its apparent organizational culture, organizational structure, impact of leadership, and causal agents that could effect organizational change.…

    • 1603 Words
    • 7 Pages
    Better Essays
    Read More
  • Good Essays

    American Home Products
    • 492 Words
    • 2 Pages

    American Home Products

    How much financial risk would the company face at each of the proposed levels of debt shown in Exhibit 3?…

    • 492 Words
    • 2 Pages
    Good Essays
    Read More
  • Powerful Essays

    Red Brand Canners
    • 1644 Words
    • 7 Pages

    Red Brand Canners

    Red Brand Canners Case Study Red Brand Canners 2 Summary Context ............................................................................................................................................................. 3 Purpose of the document ................................................................................................................................. 3 Cooper’s solution .............................................................................................................................................. 4…

    • 1644 Words
    • 7 Pages
    Powerful Essays
    Read More

Related Topics