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代写assignment:Financial Analysis of Company

浏览: 日期:2018-12-02

本文代写assignment的内容是Financial Analysis of Company。这个assignment的目的是让学生有机会利用课堂上的信息来分析一家上市公司。

第1步:选择公司
选择一个用于此任务的公司。你选择的公司不能已经被其他学生录取,换句话说,只能有一个学生在某个公司工作。任何使用已选公司的学生将从总计40分中自动扣除10分。我将使用D2L应用的时间来作出决定。
1.根据个人喜好选择一家公司(可以是父母的公司、雇主、学生当前的兴趣等)。公司必须公开交易。
2.在“讨论”栏目下进入D2L,在“研究项目选择公司”论坛中找到标题为“公司选择”的主题。这将在课堂上一次公开。
3、确保没有人选择你的公司。
4、在D2L条目列表的标题行上,该公司的名称。提交讨论项目。
重新打开SAME讨论项目,并在下周上课前完成以下内容:
5、去雅虎财经,输入你公司的符号并点击回车。在左边的菜单中选择“配置文件”。将公司的简要摘要复制到D2L条目中。
6、复制公司在D2L条目上的URL。
7、完成练习的第1步。

第2步:公司分析
你将完成一篇书面论文,它由以下五个部分组成。论文必须提交通过滴水箱提供的D2L硬拷贝将不被接受。
Ⅰ-比值分析
重要提示:一个关于历史比率的好网站是晨星(你可以在D2L上找到链接)。当你去那个网站时,它首先会问你是否想注册这个网站——如果你愿意,那就去吧,因为这个网站在行业中很受尊重。点击“股票”选项卡。输入公司符号,上面写着“报价”(页面顶部),然后按回车,然后点击“关键比率”。你会发现主要类别中的比率可以追溯到几年前.你甚至可以下载有关Excel的信息。有很多不同的网站,所以使用它们!只是要注意,每个可能使用稍微不同的时间段,和/或定义一些比率不同。举例来说,MSN货币对于行业平均来说是一个相当好的资源。
利用选定的在线网站,包括晨星、雅虎金融和MSN Money,以及具体的公司网站,提供课堂上讨论的财务比率分析的每个主要领域的简明段落:
流动性
财务杠杆
资产管理
盈利能力
市场价值
你不仅应该提供具体的比率,而且应该通过使用如下的“分级系统”提供对这些比率的简要解释:
公司远超同行业,趋势非常积极,财务状况良好。
公司对行业来说高于平均水平,趋势喜忧参半,但总体上是积极的,公司总体财务状况良好。
公司对行业来说是平均的,趋势是喜忧参半,但总体上持平,公司总体财务状况处于平均水平。
公司低于行业平均水平,趋势已经下降或似乎在下降,公司总体财务状况较差。
公司远低于行业平均水平,趋势非常糟糕,公司财务状况非常糟糕。
课堂上讨论的五个分析领域中的每一个都应该得到一个“等级”,并把信息放在一个图表中,如下所示。为五类中的每一类选择至少两个特定的比率(越多越好)。下面列出了其中一个区域(流动性)的例子。

 

Category:  LIQUIDITY

Ratio

Value

Explanation

GRADE

Current Ratio

2.1

The current ratio at 2:1 is right in line with the industry average (2.3:1) and has held relatively steady over the past few years.  However, the quick ratio is only 1.1:1 which indicates the company has a good deal of short-term assets in inventories. 

B

Cash Ratio

0.33

The cash ratio is very low for the company.  Comparing this ratio to a major competitor, it is half of what the competitor is showing.  This ratio indicates that the company may have cash problems in the near future.

F

Interval Measure

186 days

Looking at the interval measure of the company over the past 5 years, it has continued to decline as current assets have remained relatively stable while average daily operating costs have increased significantly.  While not a direct measure, this may also indicate an issue in the future.

C

OVERALL GRADE

 

C-

The overall grade for the liquidity category for this company is a C-, and trending downward.  The past 5 year results show that the company has lacked good management of their cash, although with other current assets the current ratio has remained relatively stable.

 

 

Feel free to add any trending data, charts, graphs, or other explanation for each of the categories.  Be creative!

Section II – Trend Analysis/Financial Statements

 

Again utilizing selected on-line sites, including Yahoo Finance, MSN Money, and the specific company website, create a table for 3 to 5 years’ worth of income statement and balance sheet data.  In addition, look up the stock price of the company for the past 3 to 5 years (match the stock price timeframe with the financial data timeframe—in other words if you use 3 years’ worth of income statement and balance sheet data, use 3 years’ worth of stock price data).

 

Create 3 charts and briefly interpret what the charts are telling you about the performance of the company over the timeframe analyzed.  The 3 charts are as follows:

 

1.     Income statement trend (Total Net Income Trend—note that this shows both total sales and net income)

2.     Balance sheet trend (Total Asset Growth Trend Chart—note how the liabilities and equity are shown)

3.     Stock price trend (money.cnn.com is best source for chart)

 

Examples of the three required charts are shown below.  Don’t forget to do the paragraph on interpretation as shown below the charts.  You can simply cut and paste the net income and asset growth trend charts then add your own data if you like—or better yet, be creative with your charts and create your own!  The stock chart is from Yahoo Finance.

 

Brief example of interpretation of charts (you’ll want to do MORE explanation—this would NOT get full credit): 

 

The company has grown steadily over the last 5 years from a total sales and net income perspective.  In addition, the company has reduced liabilities, in proportion to equity, over the past 5 years.  The stock price had grown, albeit irregularly, until the recent downturn in the overall market, and has recovered a bit.  Over the last 5 years however the stock is down 16.61%.  The revenue and balance sheet trends show this company is positioned for further growth.

 

You can add supplemental charts as well.  Ideas include, but are not limited to:

 

a)     Comparisons between competitors

b)    Cash flow trends

c)     Specific industry metrics or issues

d)    SWOT analysis or other tools like this

e)     Use your imagination! 

Section III – Dividend policy

 

We won’t be discussing dividend policy until the latter part of class.  For this part of the assignment, answer the following questions:

 

1)    Does your company pay dividends?  If no, why not?  If no, do not answer any other questions.  If yes the company does pay dividends, go on to answer remaining questions.

2)    What is the company’s dividend policy?  You can typically find this information in the annual report, or search the company website.

3)    Do you feel the company dividend policy impacts market price per share?  Why or why not?

 

Section IV – Qualitative Factors

 

Remember that qualitative factors as discussed in class include items such as the following (DON’T LIMIT YOURSELF TO THESE QUESTIONS!):

 

1.     Are the firm’s revenues tied to 1 key customer, product, or supplier?

2.     What percentage of the firm’s business is generated overseas?

3.     What is the competitive environment?

4.     What are the future prospects of whatever goods or services the company produces/provides?

5.     What is the legal and regulatory environment?

 

Often qualitative factors can be found by reading the company’s annual report (1oK or 20F if foreign company) which can usually be found on its website (if you have trouble finding the 10K or 20F, please see me or Kate Hinnant in the McIntyre Library).  Also, please see D2L for further explanation about the 10K and 20F.  Another great source is to simply “google” (or whatever search vehicle you use) the company and see what is happening in current news.  There are also “current news” tabs on many of the financial websites mentioned in class or on D2L.

 

Complete this section by writing a few paragraphs identifying potential qualitative factors affecting your company.  Indicate how you think these factors might impact the future of the company. 

 


 

 

Section V – Overall Grade

 

Finally, you should grade the overall health of the organization based on the grades from the five ratio areas and all other information in the other three sections.  Write a brief paragraph or two to explain your reasoning.

 

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