...Integrated Company Analysis Target Corporation December 14, 2010 Group: B7 Eric Dowling Alex Davydov Matthew Melnicoff Soledad Querol Molly Rotsch Contents Executive Summary.............................................................................................................................................3 Marketing Analysis .............................................................................................................................................3 The Target Brand ............................................................................................................................................3 "The Guest" ....................................................................................................................................................4 Target's Competitors ......................................................................................................................................4 Expect More, Pay Less ....................................................................................................................................4 Rise of the Store Brand ...................................................................................................................................5 Up and Up......................................................................................................................................................6 The Introduction of PFresh......................
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...three years Apple is able to make more profit then the cost that it takes to make its products. Furthermore as with every growing company comes more expenses so their expenses have risen from 2009 to 5,482 million to 10,028 million in 2011 (Apple INC, 2011). Their expenses are counteracted and accounted for by their net income which triples from 2009-2011 from $8,235 to 25,922 million (Apple INC, 2011). The net income is most important when trying to analyze a company’s financial health. Apple’s financial health is reasoned profitable because the total earnings when subtracted by its cost is higher than it was in the past three years. Hewlett Packard’s net sales for the year ending 2009 are $114, 552 million and for 2011 $127,245 million (HP 10k, 2011). HP’s net...
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...Specialization-1 vs. Diversification-0 There is an ongoing debate in the business world between specialization and diversification. Companies like Fitbit and Lululemon benefit from their expertise and innovation in niche markets, whereas companies like PepsiCo and Koch Industries benefit from their diverse product and service lines that appeal to a wide variety of customers in several unrelated markets. So which business strategy is more effective in creating value for the company and its shareholders? While this question is not entirely answered by a quantitative analysis, given that businesses are dictated by more than the numbers, this research report addresses the underlying question by analyzing the conglomerate discount using ten company examples. The Conglomerate Discount The general idea behind the conglomerate discount is that companies with multiple unrelated business segments are unfairly valued in the market place as a result of rolling up the various divisions under one, larger parent company. Proponents of the conglomerate discount theory argue that the market essentially penalizes companies that diversify their portfolio of businesses by valuing the conglomerate company at a market value that is less than what the sum of the values of unrelated segments would imply. Because the operations of the business units vary tremendously, an investor that wants to generate a return on one division of the conglomerate must also invest in the multiple other unrelated...
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...Case Study of John Deere Contents OVERVIEW OF JOHN DEERE 3 A. PRODUCTS 3 B. MARKET CONDITIONS 4 C. COMPETITIVE LANDSCAPE 6 II. 2012 FINANCIAL STATEMENT ANALYSIS 7 A. REVIEW OF INCOME STATEMENT AND BALANCE SHEET 7 B. REVIEW OF KEY FINANCIAL RATIOS 11 C. REVIEW OF FINANCING ACTIVITIES 16 D. RECOMMENDATIONS – Business Performance Improvement 19 E. RECOMMENDATIONS – Buy/Sell/Hold Strategy 20 III. APPENDIX 21 IV. EXHIBIT 2 - ACCOUNTING POLICIES 22 V. Bibliography 24 VI. DEERE & COMPANY – 2012 10K financial statements 25 A. CONSOLIDATED INCOME STATEMENT 25 B. CONSOLIDATED BALANCE SHEET 26 C. CONSOLIDATED STATEMENT OF CASH FLOWS 27 * OVERVIEW OF JOHN DEERE PRODUCTS John Deere & Company is a publicly traded company headquartered in Moline, IL. The company’s roots trace back into the 1800’s when John Deere began with an idea to assist farmers and would forever change the agricultural industry. Today with over 66,000 employees and a corporate family that has nearly 650 companies’ worldwide, Deere ranks number 85 on Forbes list of top 1,000 companies. With over $56 billion in assets and a market value that tops $31 billion, Deere’s financial position is very strong. We will present a detailed analysis of the firm to see how it stacks up against the Caterpillar, the market leader. We will exam key financial ratios and finally give a recommendation on whether the stock is a buy, sell or hold. Deere operates its business...
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....................... 5. FINANCIAL ANALYSIS: ......................................................................................... 8. WEIGHTED AVERAGE COST OF CAPTIAL (WACC): ........................................ 11. FUTURE CASH FLOWS: ...................................................................................... 16. HISTORICAL STOCK PRICE: .............................................................................. 22. SECURITY ANALYST’S REPORTS: .................................................................... 25. DIVIDEND and CAPITAL STRUCTURE: .............................................................. 26. CORPORATE GOVERNANCE: ............................................................................ 28. MERGER and INTERNATIONAL STRATEGY: .................................................... 29. REFERENCES: ..................................................................................................... 30. EXECUTIVE SUMMARY: The attached report analyzes the financial position of The Home Depot. Home Depot (HD) is the largest U. S. home improvement retailer as well as the fastest growing retailer in U.S. history. The company was founded in 1978 by four gentlemen who had a vision for a one stop shop for do-it-yourselfers. The company’s headquarters is in Atlanta, Georgia and has...
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...The Walt Disney Co. FINA 4200.002 Nick Camp Nick Meyer Muddasir Sultan Theme: The Walt Disney Co. is an enigma in these rough economic times for the sole purpose that they show minimal signs of slowing down. Mickey Mouse has his hands dipped into everything and from an investor’s standpoint that’s a good thing because that equals diversification, and in turn, diversification lowers risk. The Disney Company operates in several areas of the media and entertainment industry. They have recently acquired Pixar, which consistently provides box office record sales with their animated films. Along media entertainment lines, Disney also operates dominant media channels ABC and ESPN. These are two channels that carry with them a strong loyal following. Sports have always been America’s past time and it’s unlikely to see them ever declining or the viewership that goes along with it. People have always poured capital into sports and will continue to for many centuries to come. Aside from Disney’s ventures, investors focus and confidence should be in the trademark of Disney. Characters such as Mickey Mouse and Buzz Light-year are icons that will never be lost in the pages of time. Kids and adults alike will always want to participate in the next big thing the company has to offer and these kinds of expectations will always lead to Disney having a stable stock price and even unstable in the positive manner because the growth potential is limitless for...
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...Feinstein Graduate School Research Report: Company Resource Analysis A Research Project Submitted in Partial Fulfillment of the Requirements for the MBA Degree Course: MGMT6800 Business Policy and Strategy Professor: Trent Theroux Po Chiao Huang May 1, 2014 According to my research on company resource analysis in the drug store industry, I will select the CVS Caremark Corporation as my study company. Question 1: Whether the company's present strategy working? CVS pharmacy services business strategy centers on providing their customer and client high quality and innovative pharmaceutical solutions, while assisting their member managing overall health care costs by leveraging CVS expertise in core PBM services. (Form -10k) (1) Moreover, the retail pharmacy business strategy, base of the CVS pharmacy services model to maintain successful growth they focus on new store development by expanding the number of retail pharmacy stores and retail stores range in size in order to provide better service, help client lowers overall health care costs and improve health outcomes. (1) How these strategic working? Look into the financial performance in the Appendix 1, table 1. CVS compare well on these profitability ratios with industry averages. Most of ratios are better than the industry averages. Ventureline (2). Study the CVS’s financial report I found the company is “Solid and significant growth.” According to CVS Caremark Annual Report 2013 (3), the financial highlights...
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...460 Complete Class Click Link Below To Buy: http://hwcampus.com/shop/busn-460-complete-class/ Week 1 DQ 1 Selling your team’s services to CanGo Week 1 DQ 2 Mission, Vision & Values Week 2 DQ 1 Planning a Technological Solution Week 2 DQ 2 Cost Benefit Analysis Week 3 DQ 1 Flow Charting Processes Week 3 DQ 2 Implementing Technology Week 4 DQ 1 Group vs Team Week 4 DQ 2 Matrixed Employee Environments Week 5 DQ 1 Performance Review Session Week 5 DQ 2 Status Reports Week 6 DQ 1 Corporate Decision Making Week 6 DQ 2 Weighing Decision Criteria Week 7 DQ 1 Corporate Ethics Tactics Week 7 DQ 2 Profit vs. Responsibility BUSN 460 Week 1 Team Name and Contract BUSN 460 Week 2 Analysis Report - Issues Report BUSN 460 Week 3 Individual Financial Analysis Report BUSN 460 Week 4 Analysis Report BUSN 460 Week 5 Analysis Report BUSN 460 Week 6 Analysis Report BUSN 460 Final Project Consulting CanGo Final Report BUSN 460 Senior Project Week 3 Individual Financial Analysis Report Individual Financial Analysis Report Conclude working on your Individual Financial Analysis Report, due this week. Note that this is not a team assignment. Be sure to include proper citations for all references you use. Go to the CanGo Intranet and pull the financial statements. Use these to fill out the table found in Doc Sharing labeled Financial Analysis Project, and submit to the Individual Financial Analysis Dropbox in Week 3 after making sure that you have added...
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...460 Complete Class Click Link Below To Buy: http://hwcampus.com/shop/busn-460-complete-class/ Week 1 DQ 1 Selling your team’s services to CanGo Week 1 DQ 2 Mission, Vision & Values Week 2 DQ 1 Planning a Technological Solution Week 2 DQ 2 Cost Benefit Analysis Week 3 DQ 1 Flow Charting Processes Week 3 DQ 2 Implementing Technology Week 4 DQ 1 Group vs Team Week 4 DQ 2 Matrixed Employee Environments Week 5 DQ 1 Performance Review Session Week 5 DQ 2 Status Reports Week 6 DQ 1 Corporate Decision Making Week 6 DQ 2 Weighing Decision Criteria Week 7 DQ 1 Corporate Ethics Tactics Week 7 DQ 2 Profit vs. Responsibility BUSN 460 Week 1 Team Name and Contract BUSN 460 Week 2 Analysis Report - Issues Report BUSN 460 Week 3 Individual Financial Analysis Report BUSN 460 Week 4 Analysis Report BUSN 460 Week 5 Analysis Report BUSN 460 Week 6 Analysis Report BUSN 460 Final Project Consulting CanGo Final Report BUSN 460 Senior Project Week 3 Individual Financial Analysis Report Individual Financial Analysis Report Conclude working on your Individual Financial Analysis Report, due this week. Note that this is not a team assignment. Be sure to include proper citations for all references you use. Go to the CanGo Intranet and pull the financial statements. Use these to fill out the table found in Doc Sharing labeled Financial Analysis Project, and submit to the Individual Financial Analysis Dropbox in Week 3 after making sure that you have added...
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...|Portland State University | |Buy Recommendation | |Bucyrus International | | | |Musa Harb | |3/15/2010 | |FIN 573 | Contents Executive Summery 4 Business Overview 4 Introduction 4 Industry Analysis – Mining Industry 4 Industry Segments 5 Surface Mining 5 Underground Mining 6 Aftermarket 6 Industry Cycle 7 Industry Competition 7 Coal 7 Iron 9 Copper 9 Oil Sands 9 Mining Industry Historical Trends & Prospect 10 Business Description 11 Surface Mining Segment 11 Surface Mining Products 13 Production and Distribution 14 Suppliers & Raw Materials 15 Research...
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...Question 1 1. Differences in operations ACTAVIS | DRL | * Selling, General and Administrative expensesThe SGA expenses have risen as a percentage of the Net Revenues of Actavis in 2012 by 55%. The number of employees have gone up from 6686 to 17700 (refer Employees sub-topic in Page 22 of 2011 and 2012 10K reports) through these acquisitions and this has significantly contributed to the increase in the Administrative expenses of the organization. | * Selling, General and Administrative expensesThough SGA expense has significantly risen in 2012 when compared to the rise in 2011, the amount spent on selling, general and administrative activities has steadily reduced in proportion to the net revenue of the organization each year.This increase was primarily on account of the following: * increased personnel costs, due to annual raises and new recruitments; * higher distribution costs, due to increases in sales volumes and freight cost increases; and * impact of depreciation of the Indian rupee against multiple currencies in the markets in which we operate.(Refer Pg 72 in 2012 20F Application) | * Research and DevelopmentActavis has more than doubled its investment in R&D within the organization over the years since 2009 (Pg 5). From 2011 alone Actavis’s internal investment has risen by 36%. Close to 7% of the Net revenue is maintained as R&D expense every year. | * Research and DevelopmentResearch and development expenses increased by 17% during...
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...Krispy Kreme Doughnuts “It ain’t just the doughnuts that are glazed!” Matt Gnau Leslie Lee Yves de Parseval Bharat Poddar Accounting 712, Section 3 April 15, 2003 1. Business Strategy Krispy Kreme is a branded premium quality doughnut retailer. It has three sources of revenue. • On- and off-premise sales from 99 company owned and operated doughnut stores. Off-premise sales constitute doughnut sales to supermarkets, gas stations, etc. • Royalties from franchisees (3% royalty, 57 stores) and area developers (4.5% royalty, 120 stores) • Sales of doughnut mixes and doughnut-making equipment to franchisees and area developers through Krispy Kreme Manufacturing and Distribution (KKM&D) commissaries Industry and Competition: Krispy Kreme serves primarily in the doughnut industry (a subset of SIC Code 5812). It’s a highly fragmented industry characterized by low-volume outlets with undifferentiated product quality. Krispy Kreme competes primarily on its quality, brand and unique way of manufacturing and selling doughnuts on-premise. Its competitors include nation-wide companies, like Dunkin’ Donuts and AFC Enterprises [AFCE] (Cinnabon, Seattle’s Best Coffee, Popeye’s), and many regional companies. A secondary market is the packaged doughnut market (a subset of SIC Code 2051). Krispy Kreme’s secondary market is a result of its off-premise sales, which are used to extend its brand equity and sales in supermarkets. Competitors include Interstate Bakeries...
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...MEMORANDUM TO: Professor Maria Nieto, CPA, MBA FROM: Hang Guo, Yi Gou, Sang Yin (Blue team) DATE: Feb. 16 2014 SUBJECT: SEC Group Project SEC Group Project Purpose: The purpose of this project is to help Blue Team to understand accounting concepts and become familiar with the contents of a company’s annual report, FORM 10-K filing with the Securities and Exchange Commission and a proxy statement for Google Inc. Source: Google Inc. SEC Filings, Form 10-K, http://www.sec.gov/Archives/edgar/data/1288776/000119312513028362/d452134d10k.htm Google Inc. SEC Filings, proxy statement, http://www.sec.gov/Archives/edgar/data/1288776/000119312512222158/d320628ddef14a.htm Conclusion: As a group we learned a lot throughout the process of this project.One of the most important things that we, as a group, learned from the project is how to read and comprehend both a 10-K form and a proxy statement. If we wanted to invest in a certain company, we would be able to pull up the 10-K form and assess how the company performed in its last fiscal year. For example one member learned what is the par value of the stock, and with that he can compare the current market value of stock with the par value of stock. He also learned that the EPS can be used to calculate the company’s profit. One member learned how to apply book knowledge to a practical situation, and felt that one day this will benefit them in the future.We could make an educated decision on whether or not to invest, which could...
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...SCORECARD Nestle (2011-12 Score) 12/13/11 YOUR HIGHEST SCORE POSSIBLE YOUR HIGHEST SCORE POSSIBLE REVIEW 1 0 No 1-5 Yes, partial inventory only reviewing some of the company's emission sources (examples include: offices, retail, manufacturing/production, distribution.) Assess the completeness of the inventory based on business type: 1 one major source 2 two major sources 3 three or more major sources 4 Yes, almost comprehensive inventory, one major missing source that should have been included 5 Yes, comprehensive inventory 2 Rough calculations or standard protocol/calculator? 3 3 Greenhouse gas emissions inventory completed? 4 5 4 0 Only accounting for direct and facility energy use emissions 1 Including emissions from one indirect source 2-4 Including emissions from multiple indirect sources, one point per indirect source 5 Are indirect emissions accounted for? (e.g., supply chain, travel, commuting, use/disposal of products/services, investment portfolio) 2 4 Is there external, qualified third party verification of emissions data, reductions, and reporting? (where applicable) 0 1 2 3 2 4 1 Rough, partial calculations 2 Generalized, but complete calculations (estimates, perhaps using a general calculator) 3 Full calculations using a standard protocol/methodology (e.g., WRI) No Yes, verification by a trade association Yes, verification by a qualified, external consultant working on company's inventory Yes, verification by...
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...Mastercard Incorporated (NYSE: MA) July 11, 2012 Analyst Rating1 About Mastercard Incorporated MasterCard Incorporated (MasterCard) is a global payments and technology company that connects consumers, financial institutions, merchants, Governments and businesses worldwide, enabling them to use electronic forms of payment instead of cash and checks. The Company offers a range of payment solutions that enable its customers and partners to develop and implement credit, debit, prepaid and related payment programs for their customers. Its customers and partners include financial institutions and other entities that act as issuers and acquirers, merchants, Government entities, telecommunications companies and other businesses. MasterCard manages a family of payment brands, including MasterCard, Maestro and Cirrus, which the Company license to its customers for use in their payment programs and solutions. On April 15, 2011, MasterCard acquired the prepaid card program management operations of Travelex Holdings Ltd., since renamed Access Prepaid Worldwide. Overview Key Data Sector Services Last Trade $420.25 Industry Business Services Price Range (52 week) 291.67 - 466.98 Employees 6700 Avg Volume (13 Week) 908,702 IPO Year N/A Shares Outstanding 121,000,000 Mkt Cap $53,110,000,000 Enterprise Value $49,330,000,000 Book Value per Share $50.37 Dividend Yield 0.3% Contents 1. Overview 2...
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