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国际金融essay代写 International Fiance代写

2021-10-25 09:30 星期一 所属: 作业代写 浏览:50

International Fiance

国际金融essay代写 1.What information do investors need to make their investment decision in the IPO? Undertake an external, internal and financial size-up.

Questions to Guide Your Case Analysis  国际金融essay代写

 

1.What information do investors need to make their investment decision in the IPO? Undertake an external, internal and financial size-up. In which what industry does the firm operate e.g., consumer products, toys, entertainment? What are the value drivers of the business? What is its comparative advantage?

 

2.Why is Spin Masters going public? Why would the co-founders want to go public? What is the proposed use of the IPO proceeds?   国际金融essay代写

 

3.Use discounted cashflow (DCF) and comparable firm multiples valuation to determine the intrinsic value of Spin Masters? Building a spreadsheet model will be your starting point. You will want to undertake scenario and sensitivity analysis. Be sure to provide justification for your model assumptions.

 

4.Make a decision, based on your unique perspective. How might the firm’s dual-class share structure impact your valuation or your investment decision?

 

 

Report.  国际金融essay代写

Prior to our final Monday session, your team should prepare a two page written report (with two pages of exhibits) e.g., similar format as the first two case briefs, but there will be no need for alternatives section. Everyone’s criteria will focus on shareholder value maximization, but your shareholders have different needs. All team reports will contain external, internal and financial size-up, a valuation range using DCF (with sensitivity or scenario analysis) and a variety of multiples, and a proposed share price (range) with rationale, including pros and cons of the various valuation methodologies and issues with key assumptions. Exhibits are essential in order to fit in the required comprehensive analyses. You can use any publicly-available information at the time of the case.

 

Valuation.  国际金融essay代写

This is not a straight-forward task; you must rely equally on quantitative and qualitative factors and immerse yourself in the analyses to come up with a valuation that seems ‘reasonable’. Valuing a growth firm is even more difficult since the current revenue growth rates cannot be sustained in the long term. The terminal value growth rate must align with long-term GDP growth, but you must decide what growth levels are ‘reasonable’ over the next decade.

You have likely already discovered that the DCF valuation is very sensitive to the growth and margin assumptions and small changes in these will have huge impacts on the valuation. With the magic of ‘cut and paste’, you can calculate 64 different implied share prices for Spin Masters from the multiples provided in Exhibit 7; follow your instincts and eliminate the outliers. You can provide a valuation range in your presentation but in your report, please provide a cut-off value as well.

 

Road Show.  

The purpose of the “road show” is ‘price discovery’. The firm, investment bank, analysts, and potential investors will have performed the same DCF and multiples valuations that you have. During the class discussions, you should be prepared to ask and address questions of the other teams.

 

国际金融essay代写
国际金融essay代写

 

 

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