Acct 5910 - Business Analysis & Valuation Exam Paper
Autor: Yue Teng • August 1, 2016 • Exam • 2,536 Words (11 Pages) • 1,127 Views
CONTENTS
Exclusive summary
Introduction to the Company and the Industry
Industry analysis
Company analysis
Accounting and financial analysis
Accounting analysis
Financial analysis
Time series analysis
Cross-sectional analysis
Forecast and valuation analysis
Revenue growth rate
NOPAT /sales
Net operating working capital
Net operating long-term asset
Cost of capital---- WACC calculation
Discounted Free Cash Flow Method (DFCF)
Discounted Abnormal Earning Method (DAE)
Discounted Abnormal Returns Method (DAR)
Sensitivity analysis
Conclusion and Recommendation
Reference
Appendix
Appendix A: ratio
Appendix B: assumptions
Exclusive summary
Introduction to the Company and the Industry
Industry analysis
Health service industry is a growth industry, which supplies health services to the public either directly or via proxies (IBIS World).
The supply chain of PRY, which is different from other industry, has different customers and buyers. showing as below:
[pic 2]
Industry prospect
Here are high expectations in the community about health services and outcomes, and spending on health care has consistently grown faster than GDP. As a result, governments have introduced measures to make public-funded health care more effective and efficient. Revenue in the subdivision is estimated to total $116.5 billion in 2012-13, up 4.1% for the year. Over the five years through 2012-13, subdivision revenue is expected to grow by 4.2% per annual. Due to industry is barely influenced by the global economic situation, but it is underpinned by rising household income, the implications of having an aging population and support of Federal funding for Medicare (financial review 2013).[pic 3]
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