Great Deal! Get Instant $10 FREE in Account on First Order + 10% Cashback on Every Order Order Now

Microsoft Word - Group Assignment 2 MBA Financial Management – Individua Assignment This is an individual assignment. In this assignment you will be applying the concepts you learned in class to a...

1 answer below »
Microsoft Word - Group Assignment 2 MBA

Financial Management – Individua Assignment
This is an individual assignment. In this assignment you will be applying the concepts you learned in class
to a company of your choice. Please submit your work in word with excel pasted into your document. See
myCourses for exact date of submission. Use the financial statements of the last four years.

The report should include the following:
Part #1. Operational Performance
Use the ratios we discussed in class and listed in your textbook to analyze your company historical
performance & liquidity and compare it to industry averages.
Part #2 Sustainable Growth Rate
Analyze your company’s sustainable growth rate (and its components). Indicate where does your company
stands in that regard.
Based on what you learned about your company’s growth forecast their financial needs.
Topic #3 Capital Structure
Perform an analysis of your company’s financing strategy/capital structure. Explain the different financial
instruments used by your company (equity, debt, etc.). Analyze historical ROE and ROIC performance, and
determine how much of ROE is contributed by operational performance & how much is contributed by
capital/financing structure.
Topic #4 Cost of Capital
Calculate your company’s cost of capital. Indicate how cost of debt & cost of equity are calculated
Topic # 5 Valuation
Perform a valuation of your company’s equity using the models you learned in class. For discounted cash flow
valuation technique assume a growth rate of sales equal to the historical average growth rate. Compare your
estimation to actual share prices and indicate whether your company is overvalued or undervalued.
Answered Same Day Mar 16, 2021

Solution

Tanmoy answered on Mar 17 2021
162 Votes
Individual Assignment
Part #1: Operational Performance
Walt Disney Company:
Walt Disney Co. is an American mass media entertainment company and is presently headquartered in Bu
ank, California. It was founded as a cartoon company for delivering entertainment to the children by Walt and Roy O. Disney in the year 1923. Presently they have diversified themselves in various fields including film production, television channels and theme parks specifically for the children.
Its shares are traded on the NYSE stock exchange and as on 2020 the revenue of the company stands at $65.388 billion. We will conduct a financial analysis of the company in order to evaluate and determine the intrinsic value. This will assist the potential investors to decide if investing in the security of Walt Disney Co will be prudent or not. We will first try to analyse the company with the liquidity ratio and compared it with the entertainment industry average in USA.
    Liquidity Ratios
    2019
    2018
    2017
    2016
    Cu
ent Ratio
    0.75
    0.87
    0.75
    0.94
    Quick Ratio
    0.70
    0.79
    0.68
    0.85
    Cash Ratio
    0.17
    0.23
    0.21
    0.27
    Industry Average
    2019
    2018
    2017
    2016
    Cu
ent Ratio
    1.69
    1.58
    1.56
    1.53
    Quick Ratio
    1.08
    1.05
    1.09
    1.09
    Cash Ratio
    0.51
    0.40
    0.42
    0.41
Cu
ent Ratio: Ideally the cu
ent ratio must be within 1.0 to 1.5. Ratio <1 signifies that the company is poor in paying off its cu
ent liability obligations. On the other hand a ratio of >1.5, states that the company’s cash is remaining idle. Presently, the company’s cu
ent ratio is 0.75 in 2019 and is slightly lower than 2018 at 0.87. The cu
ent ratio of the entertainment industry is at 1.69 in 2019. This signifies that the cu
ent ratio of Walt Disney compared to the industry is declining.
Quick Ratio: The ideal quick ratio is 1:1 and for Walt Disney Co the quick ratio is at 0.70 in 2019 compared to 0.79 in 2018, while the industry average is at 1.08 in 2019. This also illustrates that company is reduced in terms of quick ratio also.
Cash Ratio: The cash ratio of the companies must be within 0.5 to 1.0. But for Walt Disney it is much lower at 0.17 in 2019 and is also lesser than its 2018 ratio of 0.23. Compared to this the entertainment industry cash ratio is 0.51 which is at par with the ideal cash ratio. Hence, it can be stated that the Walt Disney cash ratio is also declining.
Part #2:...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here