The Timken Company Student Presentations – November 15‚ 2011 Participating groups: Sections 1 and 2 Section 1 Presentation groups Group 11 Group 12 Questioning groups Group 5 Group 13 Evaluating Groups Group 10 Group 1 Deadline for electronic submission of presentation slides and case reports Nov 14‚ 1:00 pm Deadline for electronic submission of questions Nov 15‚ 8:00 am Section 2 Presentation groups Group 11 Group 12 Questioning groups Group 5 Group 6 Evaluating Groups Group 10 Group 1 Deadline
Premium English-language films Student Time
Introduction Timken Company was the leader in Bearings Industry‚ however lately the revenues had been declining owing to its cyclical nature and decreased demand for bearings. Timken was facing increased competition from Europe and Japan who were the leading manufacturers of ball bearings. To fight these imports Timken decided to pursue the strategy of bundling where in it could add additional products and services to its products and provide more value to its customers. Timken then started a companywide
Premium Free cash flow Credit rating Cash flow
project.” Gordon East‚ IT Manager‚ Timken Business Needs Timken‚ a 109-year-old company‚ is a longtime leader in the production of antifriction bearings and specialty steel. The company began as a carriage maker before the advent of the mass production of automobiles and now has offices in 27 countries and 25‚000 employees. Timken competes in a global marketplace that requires companies to adapt to ever-changing financial conditions. Executives at Timken were anxious to rebuild the company’s
Premium Enterprise resource planning Microsoft Office
NYSE: TKR THE TIMKEN COMPANY Investment Thesis The Timken Company is the largest tapered roller bearings manufacturer in the world and one of the largest manufacturers of alloy and specialized steel in the world. The company reports revenues in three business segments: Steel (31% of 2005 revenue)‚ Automotive (32%)‚ and Industrial (37%). I feel that Timken is capable of delivering solid EPS and top-line revenue growth over the next two years‚ driven largely by demand for industrial bearings and
Premium Revenue Automotive industry Cash flow
Individual Case Brief-The Timken Company Main Issue The Timken Company was intended to acquire the Torrington Company from Intersoll-Rand (IR). If the acquisition succeeded‚ Timken would get synergies such as boosting world market share and cutting costs substantially. However‚ considering the large size of this acquisition‚ Timken would face the stress of below-investment-grade rating and series of future financing problems if IR required a cash deal. A feasible financing structure must be considered
Premium Debt Finance Stock market
Have you ever been the odd one out‚ and you just want to fit in? Well in the story “The Girl who was Born with only Two Arms and Two legs” by Stuart Baum‚ Quarta the main character felt anything but fit in. The problem was she only had two arms and two legs while all the other kids had four arms and four legs. Because of that Quarta was very underestimated. For that reason Quarta is treated differently‚ and nobody wanted to be her friend. One reason why Quarta is underestimated is that she is
Premium Family High school Education
.............................................................................. 2 1. Introduction.......................................................................................... 3 2. Timken’s Expectations from Torrington .............................................. 3 2.1 Operational Synergies.................................................................... 4 2.2 Financial Synergies ........................................................................ 5 3. Valuation
Premium Discounted cash flow Net present value Cash flow
1 The Value of Synergy Aswath Damodaran Stern School of Business October 2005 2 The Value of Synergy Many acquisitions and some large strategic investments are often justified with the argument that they will create synergy. In this paper‚ we consider the various sources of synergy and categorize them into operating and financial synergies. We then examine how best to value synergy in any investment and how sensitive this value is to different assumptions. We also look at how this synergy value
Premium Net present value Discounted cash flow Investment
The seventh habit in Stepen Covey’s book is synergy. I did not know what synergy was before I read this book. The only place I have heard of synergy was occasionally by Jack Donaghy on 30 Rock and I always assumed it was a strange corporate buzzword. After reading the book I have learned a lot about how this process can greatly improve teamwork and relationships. Covey (1998) does a great job summarizing this habit in the book‚ “Simply defined‚ it means that the whole is greater than the sum of
Premium Management Petroleum United States
tasked with the evaluation of USEC. In order to properly value USEC‚ Mackovjak needs to evaluate APC and their contributions to USEC. 2) What is the Weighted Average Cost of Capital for USEC in July 2006? (Assume the expected return on the market is around 11%) WACC= WACC= WACC= .10703 We calculated a = .134 which we calculated using the expected return equation: . Our equation looked similar to this: For the equity we assumed the number of shares outstanding for 2006 which was 86.1 million
Premium Generally Accepted Accounting Principles Balance sheet Investment