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The Project that should be done is Student Case Analysis.docx and this site can be used to answer the questions that follow in the projecthttps://www.jamstockex.com/wp-content/uploads/2016/04/JPS-Annual-Report-2015.pdf.
The Project that should be done is Student Case Analysis.docx and this site can be used to answer the questions that follow in the projecthttps://www.jamstockex.com/wp-content/uploads/2016/04/JPS-Annual-Report-2015.pdf. Anyways I want this to be done in APA format. Times Roman 12 and double spaced... There is a big tip available for this project that is more than 10 times the amount that is being offered, I just don't see the sense in waisting so much money and in the end you get a project that is worth C-.. or even less. So I am the kind of person to pay the big amount when my tutor gives me back A or A+. I want A+.. no less! Thank You...
CORPORATE FINANCE FIN 3003 Case analysis: Maximum Marks 20 You should find a group to work with of between 4-5 people. You can make the judgment of optimal group size. If corporate finance is best learned through application and in real time, there is no better way to learn the subject than to try out everything we do in class on a real company in real time... Each group picks a company. The company should be publicly traded and have at least three year of trading history and three set of annual financial statements. The company can be listed in any market. (Junior Market or the Main Market). Avoid the following: Financial service firms (banks, insurance companies & investment banks) Money losing companies Real estate investment trusts I. Corporate Governance Analysis Is this a company where there is a separation between management and ownership? If so, how responsive is management to stockholders? What are the other potential conflicts of interest that you see in this firm? How does this firm interact with financial markets? How do markets get information on the firm? How does this firm view its social obligations and manage its image in society? II. Stockholder Analysis What is the breakdown of stockholders in your firm - insiders, individuals and institutional? III. Risk and Return What is the risk profile of your company? How much overall risk is there in this firm? Where is this risk coming from (market, firm, industry or currency)? How is the risk profile changing? What return would you have earned investing in this company's stock? Would you have under or outperformed the market? How much of the performance can be attributed to management? How risky is this company's equity? What is its cost of equity? How risky is this company's debt? What is its cost of debt? What is this company's current cost of capital? 1 IV. Measuring Investment Returns Is there a typical project for this firm? If yes, what does it look like in terms of life (long term or short term), investment needs and cash flow patterns? How good are the projects that the company has on its books currently? Are the projects in the future likely to look like the projects in the past? Why or why not? V. Capital Structure Choices What are the different kinds or types of financing that this company has used to raise funds? Where do they fall in the continuum between debt and equity? How large, in qualitative or quantitative terms, are the advantages to this company from using debt? How large, in qualitative or quantitative terms, are the disadvantages to this company from using debt? From the qualitative trade off, does this firm look like it has too much or too little debt? VI. Optimal Capital Structure Based upon the cost of capital approach, what is the optimal debt ratio for your firm? Bringing in reasonable constraints into the decision process, what would your recommended debt ratio be for this firm? Does your firm have too much or too little debt o Relative to the sector? o Relative to the market? VII. Mechanics of Moving to the Optimal If your firm's actual debt ratio is different from its \"recommended\" debt ratio, how should they get from the actual to the optimal? In particular, o Should they do it gradually over time or should they do it right now? o Should they alter their existing mix (by buying back stock or retiring debt) or should they take new projects with debt or equity? What type of financing should this firm use? In particular, o should it be short term or long term? o what currency should it be in? o what special features should the financing have? VIII. Dividend Policy How has this company returned cash to its owners? Has it paid dividends or bought back stock? o How much cash has the firm accumulated over time? 2 o Given this firm's characteristics today, how would you recommend that they return cash to stockholders (assuming that they have excess cash)? IX. A Framework for Analyzing Dividends How much cash could this firm have returned to its stockholders over the last few years? How much did it actually return? Given this dividend policy and the current cash balance of this firm, would you push the firm to change its dividend policy (return more or less cash to its owners)? How does this firm's dividend policy compare to those of its peer group and to the rest of the market? X. Valuation What growth pattern (Stable, 2-stage, 3-stage) would you pick for this firm? How long will high growth last? What is your estimate of value of equity in this firm? How does this compare to the market value? What is the \"key variable\" (risk, growth, leverage, profit margins...) driving this value? If you were hired to enhance value at this firm, what would be the path you would choose? Project Time Frame By this date You should be done with Week 2 3 4 5 6 7 8 9 10 11 11 12 (6/9/2016) (13/9/2016) (20/9/2016) (27/9/2016) (4/10/2016) (11/10/2016) (18/10/2016) (25/10/2016) (1/11/2016) (8/11/2016) (8/11/2016) (15/11/2016) Find a group Pick your firm; Get data; Corporate Governance; Stockholder Analysis Risk and Return Measuring Investment Returns Capital Structure Choices Optimal Capital Structure Mechanics of Moving to the Optimal Assess Dividend policy A Framework for Analyzing Dividend Policy Valuation Project Due by the end of the day (5 pm) 3Step by Step Solution
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