Presentation is loading. Please wait.

Presentation is loading. Please wait.

Overview Case considerations Key topics

Published byAksel Mogens Juhl Modified over 5 years ago

Similar presentations

Presentation on theme: "Overview Case considerations Key topics"— Presentation transcript:

1 Overview Case considerations Key topics
8/25/2019 American Greetings Overview Case considerations Key topics 8/25/2019 Senior Seminar in Finance Senior Seminar in Finance

2 Senior Seminar in Finance
8/25/2019 Overview January 1, 2012 Management is considering a stock repurchase to help shore up flagging stock price and low valuations. Spreadsheet available: American Greetings.xls 8/25/2019 Senior Seminar in Finance Senior Seminar in Finance

3 Senior Seminar in Finance
Case considerations What is going on at American Greetings? What are the primary reasons for the stock price declines? Is AG properly valued based on analysis? What are it’s prospects? Is a stock repurchase program an appropriate response to the current situation? Why? 8/25/2019 Senior Seminar in Finance

4 Senior Seminar in Finance
Case considerations Valuation analyses available: Comparable multiples Discounted cash flow over scenarios Need to establish discount rate and terminal value 8/25/2019 Senior Seminar in Finance

5 Senior Seminar in Finance
Key topics Equity distribution policies Role of stock repurchasing in signaling “true” value Technology and effects on “traditional” businesses Valuation 8/25/2019 Senior Seminar in Finance

Download ppt "Overview Case considerations Key topics"

Similar presentations

Overview of Quantitative Finance and Risk Management Research By Dr. Cheng-Few Lee Distinguished Professor, Rutgers University, USA Distinguished Professor,

Overview of Quantitative Finance and Risk Management Research By Dr. Cheng-Few Lee Distinguished Professor, Rutgers University, USA Distinguished Professor,
Chapter 14 Valuations and forecasting

Chapter 14 Valuations and forecasting
Intro to Financial Management Dividend Policy. Review Homework Income stream risks Business risks Operating risk –Break-even analysis –Operating leverage.

Intro to Financial Management Dividend Policy. Review Homework Income stream risks Business risks Operating risk –Break-even analysis –Operating leverage.
Revise Lecture 30. Dividend Policies & Decisions 1.Nature of dividend decisions? 2.Why investors want dividends? 3.Three main factors affecting dividends?

Revise Lecture 30. Dividend Policies & Decisions 1.Nature of dividend decisions? 2.Why investors want dividends? 3.Three main factors affecting dividends?
VALUATION. Five Categories of Valuation Methods 1. Discounted cash-flow 2. Market-based 3. Mixed models 4. Asset-based methods 5. Option-based methods.

VALUATION. Five Categories of Valuation Methods 1. Discounted cash-flow 2. Market-based 3. Mixed models 4. Asset-based methods 5. Option-based methods.
Stock Valuation. Stocks are financial assets Value derived from future cash flows Equation for any financial asset.

Stock Valuation. Stocks are financial assets Value derived from future cash flows Equation for any financial asset.
Stock Valuation Professor Trainor.

Stock Valuation Professor Trainor.
© 2003 The McGraw-Hill Companies, Inc. All rights reserved. Discounted Cash Flow Valuation Chapter Six.

© 2003 The McGraw-Hill Companies, Inc. All rights reserved. Discounted Cash Flow Valuation Chapter Six.
© K. Cuthbertson and D. Nitzsche Figures for Chapter 12 EQUITY FINANCE AND STOCK VALUATION (Investments : Spot and Derivatives Markets)

© K. Cuthbertson and D. Nitzsche Figures for Chapter 12 EQUITY FINANCE AND STOCK VALUATION (Investments : Spot and Derivatives Markets)
Drake DRAKE UNIVERSITY Fin 200 Firm Valuation A Discounted Cash Flow Approach.

Drake DRAKE UNIVERSITY Fin 200 Firm Valuation A Discounted Cash Flow Approach.
Stock Valuation. Common Stock Valuation is Difficult Uncertain cash flows –Equity is the residual claim on the firm’s cash flows Life of the firm is forever.

Stock Valuation. Common Stock Valuation is Difficult Uncertain cash flows –Equity is the residual claim on the firm’s cash flows Life of the firm is forever.
FIN 449 - Valuation Spring 2013 Instructor: Daniel A. Rogers, PhD.

FIN Valuation Spring 2013 Instructor: Daniel A. Rogers, PhD.
Introduction To Valuation: The Time Value Of Money Chapter 4.

Introduction To Valuation: The Time Value Of Money Chapter 4.
Finance Club Thursday, February 2, 2012. Primer on Equity Valuation and Financial Ratios 2.

Finance Club Thursday, February 2, Primer on Equity Valuation and Financial Ratios 2.
Financial Statement Analysis A Student Who’s Results are Better? Which Company is better? How do we Compare These ?

Financial Statement Analysis A Student Who’s Results are Better? Which Company is better? How do we Compare These ?
Overview of Financial Statement Analysis Chapter I.

Overview of Financial Statement Analysis Chapter I.
MIT SLOAN SCHOOL OF MANAGEMENT15.414Class 1 Financial Management, 15.414 Prof. Jonathan Lewellen MOT Program, Summer 2003.

MIT SLOAN SCHOOL OF MANAGEMENT15.414Class 1 Financial Management, Prof. Jonathan Lewellen MOT Program, Summer 2003.
Final review June 9 th, 6 p.m. Office hours next week: M 9-12.

Final review June 9 th, 6 p.m. Office hours next week: M 9-12.
Valuation Part 1. Objectives Firm and equity fair valuation methods o Present value DCF methods o Approximate valuation methods Drivers of equity value.

Valuation Part 1. Objectives Firm and equity fair valuation methods o Present value DCF methods o Approximate valuation methods Drivers of equity value.
1 Chapter 9: Valuation of Common Stocks Copyright © Prentice Hall Inc. 2000. Author: Nick Bagley, bdellaSoft, Inc. Objective Explain equity evaluation.

1 Chapter 9: Valuation of Common Stocks Copyright © Prentice Hall Inc Author: Nick Bagley, bdellaSoft, Inc. Objective Explain equity evaluation.

Similar presentations

Ads by Google