FINA 408 Individual Final Company Analysis Project The Final Company Analysis Project is worth 30% of your final grade in the course. The paper is graded on a 100-point scale. The following describes the breakdown of points available: 25 points for ORGANIZATION This is a long and complicated paper, so it is essential that you are organized in your presentation of the information. Please be sure to present each item in the order suggested by the outline and have clear headings and sub-headings to make it easy to follow. Also, it is important to organize the paper in a way that prevents the reader from having to flip back and forth from one section to another to follow the discussion (e.g., ensure that each ratio/calculation is discussed immediately after it is presented, rather than having a separate table elsewhere in the report. To receive the full amount of points for this category, be sure to provide thorough discussion of your analysis process and an explanation of what the ration/calculation means. It is important to demonstrate that you have a good understanding of why each calculation was done, and what information can be learned from it. Also, in this section I remove points for any situation where I feel that the analysis presented is not the students’ original work (i.e., taken from another source without attribution.) While you can certainly refer to other analysts’ work regarding your company, please be sure to conduct your own analyses and draw your own conclusions throughout the paper. 25 points for THOROUGHNESS In order to receive the full amount of points available for this portion of the paper, you must include every item listed on the general outline provided at the beginning of the course. Points will be removed if any item is missing from the analysis. In this category, I am assessing the extent to which the entire report provides a complete analysis of the company, utilizing the steps we practiced throughout the course. Do you tie it all together with connecting themes and findings? Or, is it just a list of the various calculations with a sentence or two in between explaining each. A successful paper will present a congruous and thorough analysis of the company with insightful and thoughtful commentary throughout. The most recent data should be used in your analyses (i.e., data from the most recently-filed Form 10-K). For all calculations, show each formula used as well as the numbers used in the formula. Explain any assumptions made and provide justifications for your assumptions. Cite any sources used other than the company’s SEC filings. The following is an outline for your individual project: I. Governance and Communication Analysis i. Listen to a recording of an analyst call (AKA earnings call or quarterly conference call) for your company. Listen to about 15-20 minutes of the call and write a summary of your observations, including any questions that you might have wanted to ask the CEO/CFO, etc. b. Answer and discuss the importance of the following: i. Who is the company’s current CEO? Is he or she also the Chair of the Board? ii. Who serves on the board’s Audit Committee? How many members are Financial Experts? What experience qualifies them for that designation? iii. What was the CEO paid last year? What portion of his or her total pay was in the form of bonus? In the form of stock-based awards? What performance measures were used to determine the CEO’s pay? iv. Who or what entity holds the highest percentage of the company's stock? Are most of the beneficial owners reported individuals or institutions? v. How many common shares are outstanding? Is there more than one class of common stock outstanding? If so how many votes do each share of each class get? c. Discuss your opinion regarding the effectiveness of the governance and communication of the company. II. Industry and Strategy Analysis 1. Rivalry among existing firms 2. Threat of new entrants b. Company Strategy Analysis i. Is your company following a Low Cost Leader or a Product/Service Differentiation Strategy? ii. How should this impact their financials? III. Accounting and Financial Analysis a. Recasted Income Statement (3 years) b. Recasted Balance Sheet (3 years) c. Common Size Income Statement (3 years) d. DuPont Analysis (1 year) e. Profitability Analysis (3 years) iv. Accounts Receivable Turnover vi. Accounts Payable Turnover vii. Fixed Assets Turnover f. Risk Analysis (3 years) iv. Liabilities-to-Equity Ratio vi. Interest Coverage (Earnings Basis) vii. Dividend Payout Ratio viii. Sustainable Growth Rate a. Calculate projected operating profit for the company for the next five years based on forecasted income statements. b. Explain the process and assumptions used to make the forecasts for each line item of the forecasted income statements. a. Use the CAPM to compute the required rate of return on equity capital for the company. b. Determine the cost of debt (if any) and the cost of preferred stock (if any) c. Compute the weighted average cost of capital for the company as of the start of the next fiscal year. d. Discuss how this would be used to estimate the value of the company
Finance FINA 408 Individual Final Company Analysis Project Grading Guidelines The Final Company Analysis Project is worth 30% of your final grade in the […]
Utilitarianism, Kantianism , Virtue Ethics
Prompt: Which do you think is most likely to be the correct theory of morality? Why?
Here’s a paper structure I highly recommend.
Intro: What’s at stake? (Don’t waste time with your intro. Be brief.)
What’s your thesis? (“The ethical theory I take to be most likely correct is ________.”)
Explain what attracts you to the position you’ve chosen.
Paragraphs 3 and 4
Explain why the objections to your theory aren’t so bad.
To do this, you will need to:
a. Say what the objections are. (It may help to pick what you take to be the strongest objection in the case that your theory had many objections. Address one objection per paragraph.)
b. Explain why the objections to your theory are either
i. Surmountable, or
ii. Not as bad as the objections to the rival theories.
(You should choose (i) only if the objection is actually surmountable. Some of the objections, though, are not so plausibly surmountable. In that case, it would be more helpful to opt for (ii).)
Conclusion. Wrap it up. Don’t dawdle.
Email me with any questions you have about this structure.
Prompt 2: Meaning in Life
Subjective, Objective, Nihilism
Prompt: Is the meaning that a human life is capable of possessing objectiveor subjective? Or is there no such meaning at all? This response should be 1-2 pages.
I recommend the following structure to your answer. Paragraph 1
State your thesis.
“The meaning a human life is capable of possessing is (subjective/objective/nonexistent).”
What attracts you to the position you’ve chosen?
Address the objections.
a. What’s one (or two) strong objection(s) to your preferred position?
b. Is this objection(s) surmountable? Or is it simply not as bad as the objections to the rival positions?
Conclude. Wrap it up. (Don’t dawdle.)
Morality Prompt 1: Morality Utilitarianism, Kantianism , Virtue EthicsPrompt: Which do you think is most likely to be the correct theory of morality? Why? […]
Compare and contrast Plato and Sigmund Freud on the subject of human happinessPaper instructions:
– Compare and contrast Plato and Sigmund Freud on the subject of human happiness.
– How does each describe the nature of the human soul?
-How does each define happiness, and how does each achieve it?
– For each, what is the relationship between society
– In the end who do you think has a better account of the nature of happiness
– Paper must be firmly grounded in and supported be evidence in the text
– MLA style to cite
Compare and contrast Plato and Sigmund Freud on the subject of human happinessPaper instructions:– Compare and contrast Plato and Sigmund Freud on the subject […]
Compare and Contrast the approaches to criminal procedure by the U.S. Supreme CourtPaper instructions:
compare and contrast the approaches to criminal procedure by the U.S. Supreme Court under both Chief Justices Earl Warren and William Rehnquist. focus on their significant decisions and the effects they had on the balance between social order maintenance and individual Liberties. address the effects of the Supreme Court's decisions on law enforcement in the United States. Discuss the Supreme Court's current approach to balancing civil liberties against public order maintenance
Compare and Contrast the approaches to criminal procedure by the U.S. Supreme CourtPaper instructions:compare and contrast the approaches to criminal procedure by the U.S. […]
Explain the differences in clutch size with latitude, i.e. birds near equator have smaller clutches than those further north
You must use at least two journal article sources in each answer other than ones we used in class. Of course you can use any material from class but your answer must go beyond what we discussed in class. Your answers must be typed and double-spaced. Obviously you must include full citations for the sources you use. This should go without saying but do not collaborate on your answers and do not plagiarize.
Distinguish between counter-current and cross-current systems in birds. Give examples of each and choose one to describe in detail.
What factors determine clutch size in birds. Explain the differences in clutch size with latitude, i.e. birds near equator have smaller clutches than those further north.
Explain the differences in clutch size with latitude, i.e. birds near equator have smaller clutches than those further north You must use at least […]