Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

American greetings case

20/03/2021 Client: saad24vbs Deadline: 2 Day

1. What is going on at American Greetings?

a. Discuss the competitiveness of the industry.

b. Discuss the factors that drive the fundamental value of American Greetings.

2. The shares of American Greetings are currently trading at an EBITDA multiple that is at the bottom of its peer group. Do you think a 3.5 times multiple is appropriate for American Greetings? If not, what multiple of EBITDA do you think is justified? What is the implied share price that corresponds to that multiple?

3. Using a marginal tax rate of 40% and a market risk premium of 5%, what is your estimate of the appropriate discount rate for the free cash flow forecast? Please explain your results and the implication for American Greetings. Based on a discounted cash flow model, what is your best estimate of the implied enterprise value of American Greetings and the corresponding implied share price? Explain your results and the implication for American Greetings. Use the following table to model the free cash flows for American Greetings for fiscal years 2012 through 2015. Forecast the Steady State cash flows in order to determine the Terminal Value. I have provided guidance for identifying the 2011 actual values and the forecasted values.

2011A

2012

2013

2014

2015

SS

Revenue Growth

5.3%

1.0%

1.5%

2.0%

2.5%

3.0%

Operating Margin

9.4%

9.0%

9.0%

9.0%

9.0%

9.0%

NWC Turnover

5.02

6.00

6.50

7.00

7.50

7.50

FA Turnover

1.95

1.95

1.95

1.95

1.95

1.95

WACC

9.1%

Tax Rate

40%

Revenue

Exhibit 2

EBIT

Exhibit 2

NWC

Exhibit 3

=Revenue/NWC TO

Fixed Assets

Exhibit 3

=Revenue/FA TO

ROC

=EBIT*(1-T)/(NWC+FA)

NOPAT

- Change in NWC

- Change in NFA

FCF

TV

DCF

PV

Debt

Exhibit 6

Equity

Shares

Exhibit 6

Implied Price

4. What are the key drivers of value in your model? Do you recommend repurchasing shares?

1

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Assignment Guru
Peter O.
Accounting & Finance Master
Quality Homework Helper
Supreme Essay Writer
Online Assignment Help
Writer Writer Name Offer Chat
Assignment Guru

ONLINE

Assignment Guru

You can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you!

$37 Chat With Writer
Peter O.

ONLINE

Peter O.

I have read your project details. I can do this within your deadline.

$99 Chat With Writer
Accounting & Finance Master

ONLINE

Accounting & Finance Master

You can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you!

$98 Chat With Writer
Quality Homework Helper

ONLINE

Quality Homework Helper

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$98 Chat With Writer
Supreme Essay Writer

ONLINE

Supreme Essay Writer

I have read your project details. I can do this within your deadline.

$128 Chat With Writer
Online Assignment Help

ONLINE

Online Assignment Help

I have read and understood all your initial requirements, and I am very professional in this task.

$88 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Acc 202 final project presentation to investors chegg - Nutrition care plan example - Combined gas law worksheet doc - What is the net electric potential at point p - Discussion Topic - A municipal bond carries a coupon rate of - Calcium rich feldspar mineral - Poe trial of ascendancy locked door - The geometrical structure of molecules lab answers - For anyone - Example of a conflict situation in nursing - Rl circuit lab report - Irritrol kwikdial kd6 manual - John locke of identity and diversity - A monoslope roof truss is loaded as shown - 20 05 military time - What does dmepos stand for - Yoky matsuoka net worth - Thornfield medical group byker - How does society manages its scarce resources - Goddards silver dip woolworths - Consider the following time series data - Acute apical periodontitis definition - Aj brown griffith university - Indication of passive movement - Autozone inc case study analysis - A4-80 bolt torque chart - HS2200 SOCIAL WELFARE - Wal mart china sustainable operations strategy - John d varlaro - Data table 1 microscope components - Technical English 7 - Centers for disease control advertising campaign - Find the grams in 1.26 x10 4 mol of hc2h3o2 - Is china a high or low context culture - Examples of nursing diagnosis - Assignment - A spherical metal shell a of radius ra - Rpaper - Titleist 735 cm pga value - Excel Exercise - The martyrs of papua new guinea 1901 and 1942 - Writer federico garcia crossword clue - Southampton university lifelong learning - Assignment Epidemiology - Introduction to data mining 2nd edition pdf - CU-SAP Analytics Cloud_Fishbanks_Exercises_Final - Promotion of well- being - Interdisciplinary plan - Hypothesis, P-Value, and Type I Errors - Language features and techniques - Study questions 2 - Asme b31 11 free download - Discussion - 1 - Operations Security - Hfma's introduction to hospital accounting pdf - Blank coat of arms - Intentment - What is the staffing policy that lenovo is pursuing - Rita golden gelman net worth - Strategy formulation analytical framework pdf - How to convert db to amplitude - How to terminate rg6 - Normandy trident group pbc - System Development Life Cycle: Phases IV & V – Implementation and Maintenance - Dallat funeral directors ballycastle - List of gothic elements - Identify a bad listening practice course hero - Combat fire inc manufactures steel cylinders - Boroughmuir high school catchment - International brand management los angeles - Estimated level of developmental stage for this age grade - Total the capacity of each product in that segment capsim - 7 1 final project submission presentation to investors assignment - Fisher 289h relief valve - Rainbow sentences in english - Funds of Knowledge Survey - Preparation of adipic acid from cyclohexene using kmno4 - Assignment - Effective practices for managers and supervisors cja 474 - Usted: la computadora suya; la suya - Case 445 - What is the risk and quality management tool - 520 dis - Effective reach and frequency - Nora ephron the boston photographs summary - Equilibrium arrow in word - What is the difference between independent and mutually exclusive events - The looking glass wars sparknotes - Nah/520 - 84 wilpena terrace kilkenny - Cryptography15 - Apple consumer behaviour case study - Mythbusters walk or run in the rain - Bdo belgar right answer - His 200 writing plan progress check 3 - List of tone words - Research paper Outline - Quality control case study - Descriptive essay about a place - Single cycle processor verilog