Financial Markets – Fall, 2019 – Oct 17, 2019

Slides:



Advertisements
Similar presentations
Group Financial Performance 1 st Half & 2 nd Quarter 2005 prepared under IAS & IFRS.
Advertisements

Group Financial Performance Q4 & 12M 2003 (pro forma)
Economics 410 Managerial Economics Thursday September 30, 1999.
4-1 Balance Sheet: Assets Cash A/R Inventories Total CA Gross FA Less: Dep. Net FA Total Assets , ,160 1,287,360 1,926,802 1,202, ,160.
Advanced Valuation Analytics. Balance Sheet Current Assets- Cash and Equivalents$500,000$550,000$600,000$450,000$300,000$125,000.
FINANCIAL STATEMENTS Chapter 3 Balance Sheet Income Statement Statement of Cash Flows.
2006 Cash Flow Statement Sources of cash: Beginning cash balance Cash receipts from product sales Other sources of cash Total sources of cash Uses of cash:
Real Estate Valuation. Real Estate Valuation: Market Comparison Approach.
Fin Dr. Menahem Rosenberg1 Financial Statement  The Balance Sheet  The Income Statement  The Statement of Cash Flows  Accounting for Differences.
Chapter 3. SALES SALES - Cost of Goods Sold GROSS PROFIT GROSS PROFIT - Operating Expenses OPERATING INCOME (EBIT) OPERATING INCOME (EBIT) - Interest.
Accounting Fundamentals Accounting Fundamentals Structure of Financial Statements Agribusiness Finance LESE 306 Fall 2009.
Managerial Accounting Structure of Financial Statements.
2-1 CHAPTER 7 Financial Statements and CF Balance sheet Income statement Statement of cash flows Free Cash Flow Performance Analysis.
Real Estate Valuation. Real Estate Valuation: Market Comparison Approach.
AGEC 489/689 Spring 2009 Detailed View of Financial Statement Linkages Slide Show #3.
Teton Valley Case Free Cash Flows. Free Cash Flow  For each future year you want to calculate:  FCF = EBIT(1 – T c ) (no debt tax shields calculated)
Accounting Fundamentals Accounting Fundamentals Structure of Financial Statements.
Valuation Techniques 1.Balance sheet analysis, 2.Income statement multiples, and 3.Discounted cash flows…
CHAPTER 3 Financial Statements, Cash Flow, and Taxes
THE FOUNDATIONS OF CORPORATE FINANCE: INTRODUCTION TO THE FINANCIAL STATEMENTS Lesson 1 Castellanza, 21 st September, 2011 Corporate Finance.
LECTURE “0” (SELF STUDY) Introduction to Financial Satement Analysis Berk, De Marzo Chapter 2.
1- 1 Corporate Finance and Applications – Review of Financial Topics for Case Studies Fall 2015 Dr. Richard Michelfelder.
Finance and Accounting Lecture 2 Fall, /21/2015FINA4330 Corporate Finance1 Corporate Finance Ronald F. Singer FINA 4330.
REVIEW OF ACCOUNTING (Chapter 2) §Financial Statements l Balance Sheet l Income Statement l Statement of Cash Flows §Free Cash Flow §Corporate Taxes §Individual.
Intro to Financial Management Understanding Financial Statements and Cash Flows.
Copyright © 2012 Pearson Prentice Hall. All rights reserved. Chapter 4 Cash Flow and Financial Planning.
VANDERBILT INVESTMENT BANKING VANDERBILT INVESTMENT BANKING Meeting 6: Financial Accounting.
Financials Start up Cost Source of Funds EquityLoans $20K$25K $45K Operational costs Fixed$43,085$113,700$281,840 Variable$29,570$163,220$460,975.
6 - 1 Income statement Balance sheet Statement of cash flows Financial Statement.
The Financial Statements Presentations for Chapter 2 by Glenn Owen.
Parts of a Financial Statement 1.Statement of Income 2.Balance Sheet 3.Statement of Cash Flow 4.Statement of Stockholders’ Equity.
Intro to Financial Management Evaluating a Firm’s Financial Performance.
Th 9 ©The McGraw-Hill Companies, Inc Foundations of Financial Management E D I T I O N N I N T H Irwin/McGraw-Hill Block Hirt 2 C H A P T E R T W.
Th 9 ©The McGraw-Hill Companies, Inc Foundations of Financial Management E D I T I O N N I N T H Irwin/McGraw-Hill Block Hirt 2 C H A P T E R TWO.
Accounting & Finance Understanding the book value.
Chapter 2 Financial Ratio Analysis. 2-2 Example 2.1 Problem  Rylan Enterprises has 5 million shares outstanding.  The market price per share is $22.
Financial Statements, Taxes and Cash Flow1 Financial Statements, Taxes and Cash Flows Financial Statements  Assets Building $190,000 Accumulated Depreciation.
Chapter 2 Introduction to Financial Statement Analysis.
Chart of Accounts.
Chapter McGraw-Hill/Irwin Copyright © 2008 by The McGraw-Hill Companies, Inc. All rights reserved. Review of Accounting 2.
Finance and Accounting Lecture 2 Fall, /28/2015FINA4330 Corporate Finance1 Corporate Finance Ronald F. Singer FINA 4330.
Statement of Cash Flows Chapter 13 McGraw-Hill/Irwin © 2009 The McGraw-Hill Companies, Inc.
Accounting and Finance
Economics 434 Financial Markets Professor Burton University of Virginia Fall 2015 November 24, 2015.
Chapter 2 Introduction to Financial Statement Analysis.
BUSINESS PLAN- PART 5 FINANCIAL INFORMATION. THREE IMPORTANT FINANCIAL STATEMENTS Income Statement Cash Flow Statement Balance Sheet.
Ch. 3 - Understanding Financial Statements and Cash Flows , Prentice Hall, Inc.
TWO IMPORTANT FINANCIAL STATEMENTS SBM 110. INCOME STATEMENT The income statement’s primary role is to show a profit or loss over time. Using the difference.
Net Sales11,912,7-6,3 % Operating profit0,30,7-57,1 % Percentage of net sales2,55,5 Profit before extraordinary items0,30,8-62,5 % Percentage of net sales2,56,5.
Module C Financial Statement Analysis: Investing Activities.
Financial Statements A set of Financial Statements consist of four related accounting reports that summarizes the financial resources, obligations, profitability.
Finance Chapter 2 Financial statements. Financial statements & reports  Annual report—a report issued once a year by a corporation to its stockholders,
DES Chapter 4 1 DES Chapter 4 Estimating the Value of ACME.
Financial Statements and Cash Flow Chapter Financial Cash Flow  In finance, the most important item that can be extracted from financial statements.
Estimating the Value of ACME 1. Steps in a valuation Estimate cost of capital (WACC) – Debt – Equity Project financial statements and FCF Calculate horizon.
Rivanna Investments: Intro to Equity Research. Rivanna Investments First step is to gather information Financial statement and reports (EDGAR)
Economics 410 Managerial Economics Tuesday September 28, 1999.
FINANCIAL STATEMENTS.
Cash Flow and Financial Planning
Accounting for Financial Management
Financial Statement Analysis
A firm which does not pay dividends can be valued by discounting all its FREE CASH FLOWS by its WACC Free Cash Flows = the cash flows actually available.
CHAPTER 3 Financial Statements, Cash Flow, and Taxes
Module C Financial Statement Analysis: Investing Activities
Dollars and Decisions Chapter 3 Balance Sheet.
Intro to Financial Management
Lesson 13-1 Work Sheet for a Corporation
2 Chapter Review of Accounting.
Point 6 Financial Statements
Lesson 13-1 Work Sheet for a Corporation
Presentation transcript:

Financial Markets – Fall, 2019 – Oct 17, 2019

Valuation of securities in the real world Cash Flow

Balance Sheet and the “Value of the Firm” Liabilities Assets This is the “Value of the Firm” Net Worth

Net Income Plus Interest Expense and Taxes E B I T Earnings Before: Interest Expense Taxes Net Income Plus Interest Expense and Taxes

EBIT plus Depreciation & Amortization E B I T D A EBIT with Adjustments: Depreciation Amortization EBIT plus Depreciation & Amortization

The Concept of “Free Cash Flow” EBITDA Minus Necessary CAP-EX (necessary capital expenditures)

The End

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.