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Finance Equity analysis

Finance Equity analysis

Equity Analysis Project

General

Sources and any additional explanations should be included in text boxes within the Excel workbook.

 

Macroeconomic Analysis

List the long run historical average, current observation, and your forecast of the following macroeconomic variables: GDP growth, unemployment, inflation, 1 yr treasury rate

 

Industry Benchmark

Find three comparable companies to benchmark against your firm. These firms should be in a common industry, be of roughly the same maturity, and have similar business models. For the firm and its comparables, report the following metrics for the most recent fiscal year or TTM:  P/E, P/B, P/S, P/CF, dividend yield, Gross Margin, Net Margin, ROE, ROA, Debt/Equity ratio, and Current ratio

 

Discount Rate

Estimate the required return on equity using the CAPM or Fama-French 3 factor model.

 

Financial Statement Analysis

Common size the last three years of income statements and balance sheets. Report a 3 or 5 step DuPont analysis of the historical annual data. Forecast 3 years of annual income statements using the percentage of sales method.

 

Valuation

Calculate 1 year price targets based on relative valuation ratios and the free cash flow to equity model. The valuation should utilize assumptions made in your forecasts. Report the current valuation using FCFE, the 1 year price target using FCFE, and the 1 year price target using relative valuation ratios.

 

Write-up

Write a 1 page single spaced investment recommendation based upon your analysis. The write-up should include a buy, sell, or hold recommendation and a single current valuation with justification. Ensure that all equity valuations use the same discount rate to place them in the current period.

 

Grading: 10% macroeconomic analysis, 15% industry benchmarks, 15% required return on equity, 20% financial statement analysis, 25% valuation, 15% write-up

 

Extra Credit: 5 pts for using FF4 rather than the CAPM, 5 points for FCFF valuation on a firm with debt, 5 pts for using quarterly data rather than annual data (not in macro-economic analysis), 5 pts for using both 5 years of historical data and a 5 year forecast period, 5 pts for having an awesome presentation

Culinary research paper

Culinary research paper

culinary research paper of culinary history of a particular country cuisine.

Article 1. introduce an international cuisine and briefly explained why you chose this particular country.

Section 1.01 discuss the food availability

a. discuss indigenous animals and plants, imports that contribute to their culinary development

Section 1.02 Technology

a. what cooking methods and processes do that country mainly employs

Section 1.03 Season and climate

a. discuss the menus prepared according to ingredient availability through the seasons; in the section you can discuss the county topography as it relates to food.

Section 1.04 Culture

a. cultural mobility through time, religion influences and rituals

Section 1.05 Socio-economic class and politics

a. how these groups influenced their culinary foundation, in addition to immigration patters, wars, religion, govenmental rationing, etc.

Section 1.06 Recipe

a. provide 2 recipes

i. traditional dish

ii. holiday dish

 

Times New roman, size 12, APA

Implementation of project portfolio management

Implementation of project portfolio management

Change is a given in the current business climate” Kerzner (2010) this change might be due to new technology, economical changes, customer’s/client’s demands…etc. These changes force the organizations to develop and improve their project management system in order to cope with the changes.

In general any change in the system would come with resistance since it is human nature to resist changes and “If you do not change some rooted human behavior on projects, you cannot improve anything because humans lie at the heart of any organization and its systems.” Kendall& Rollins (2003)

Our company was privatized and transferred from the Ministry of Housing, Electricity & Water on 2003, most of our executive managers and lower level managers were working in the ministry hence they still believed on the old project management procedures, and consequently they refused to change it. At that time we needed Project portfolio management in order to provide the company structures and guidelines for identifying, selecting, prioritizing and resourcing projects that are best aligned with the company’s new strategic goals.

Implementation of project portfolio management should be initiated by the top managers, executive and high level managers should be committed to the portfolio management system first and then influence the team to be committed to the system. Executive managers should believe on the portfolio management and realize the importance of implementing such system, they should be certain that this system will add value to the organization.

In my opinion the main key to achieve a successful implementation of PPM in any organization is Collaboration, and according to Rothman (2009) “the biggest barrier to collaborating on the project portfolio is lack of trust “therefore managers should build trust and make their team believe on them, leaders should deliver what they promise to deliver, they should also be constant in their actions and reactions, they should make honesty and transparency a foundation of their work, they should be opened to negotiating and accepting new ideas, and they should trust their capability and their teams capabilities.

In the other hand team members should also trust each other; sometimes we come across people who don’t share information because they feel that keeping data for themselves will secure their careers. We face that a lot in our company some employees and mostly the expert managers and leaders avoid to share their experience and knowledge because they fear that the new incoming engineers would take his position. All the team members should work for the best benefits of the company not for their personal interests.

Project teams should share their work and experience and be transparent with their work progress, so that their colleagues have enough information to make the right decisions. Team work should be a culture in the organization, managers shouldn’t reward individual successes instead they should encourage and award group achievements.

Managers should identify the organization’s strategic goal and define how this goal will be delivered consistently so everyone in the team should focus in achieving a common goal.

Possible adverse effects of such waste judgment

Possible adverse effects of such waste judgment

Alabama law imposes a fee of $97.60 per ton for hazardous waste generated outside the state and disposed of at a commercial facility in Alabama. The fee for hazardous wastes generated within Alabama is $25.60 per ton. Chemical Waste Management, Inc., which operates a commercial hazardous waste land disposal facility in Emelle, Alabama, filed suit requesting a declaratory judgment that the Alabama law violated the Commerce Clause of the U.S. Constitution.

Alabama argued that the additional fee of $72.00 served a legitimate local purpose related to its citizens’ health and safety, given recent large increases in the hazardous waste received into the state and the possible adverse effects of such waste Judgment? Explain.

Analyze strategic issues to guide overall business decision

Analyze strategic issues to guide overall business decision

This assignment helps you develop the skills to master the following course competencies:

Analyze strategic issues to guide overall business decision making.

Integrate and apply core knowledge, skills, and attitudes to plan for resolution of key business challenges.

Communicate in a manner that is professional and consistent with expectations for members of the business professions.

Revisit the MBA6028 Course Alignment Map to review how all activities assist you in achieving the course competencies and overall program outcomes.

Activity Instructions

For this assignment, complete the Final Capstone Proposal as described in the MBA Capstone Project Guidelines document given in the resources. Appendix C of this document provides a proposal outline for you to follow. Appendix D is the scoring guide from MBA6900. It is included for you to review as you draft your proposal to ensure that your project will meet the requirements. Submit your proposal as a Word document to this assignment.

Note: Successful completion of an acceptable proposal will facilitate a smooth transition into your capstone course and help you make timely progress toward the completion of your degree. Be sure to contact your instructor with any questions or challenges you have about completing your proposal.

Note: Your instructor may also use the Writing Feedback Tool to provide feedback on your writing. In the tool, click the linked resources for helpful writing information.

Describe elements of fiction lecture

Describe elements of fiction lecture

Post 1:

Choose two terms from the Elements of Fiction lecture and apply them to “The Fall of the House of Usher.” You learned in the Authors lecture that Poe is considered to be “the father of the modern-day short story.” Did you find his story engaging? Why do you think his works remain popular more than 150 years later? Be sure to quote, cite, and reference from the text(s) using appropriate APA format. Your post must be at least 250 words

Post 2:

According to the biography in your textbook, Paul Laurence Dunbar wanted “to interpret my own people through song and story, and prove to the many that we are more human than African.” The same argument could be made that Chopin and Gilman, both female, were attempting to prove that they were more human than woman. From the assigned readings, choose works from at least two of the authors and explain how the writer attempts to illustrate this idea. Is he/she successful? Be sure to quote, cite, and reference from the text(s) using appropriate APA format. Your post must be at least 250 words