Homework Answers
| Enterprise value = Equity value+ MV of debt |
| - Cash & Cash Equivalents |
| Enterprise value = 258.8+59.29-9 |
| Enterprise value = 309.09 |
Target EV = Walmart EV/walmart EBIDTA*target EBIDTA
=309.9/39.89*8.14
=
| 63.24 |
| Enterprise value = Equity value+ MV of debt |
| - Cash & Cash Equivalents |
| 63.24 = Equity value+14.73-1.91 |
| Equity value = 50.42 |
| share price = equity value/number of shares |
| share price = 50.42/0.65 |
| share price = 77.57 |
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You are trying to find an implied value for Target Corporation using financial information from Walmart....
You are trying to find an implied value for Target Corporation using financial information from Walmart....
You are trying to find an implied value for Target Corporation using financial information from Walmart. You have collected the following: Walmart Statistics: Value: $263,07 billion Market capitalization of common stock $58.78 billion Market value of debt Cash $9.90 billion $36.84 billion EBITDA Target Statistics: Value: Market value of debt $14.69 billion $1.82 billion Cash $8.17 billion EBITDA Shares Outstanding 0.66 billion What is the enterprise value of Walmart? (express answer as xx.xx billion) Submit Answer format: Currency: Round to:...
You are trying to find an implied value for Target Corporation using financial information from Walmart....
You are trying to find an implied value for Target Corporation using financial information from Walmart. You have collected the following: Walmart Statistics: Value: $264.57 billion $57.92 billion $8.96 billion $42.44 billion Market capitalization of common stock Market value of debt Cash EBITDA Target Statistics: Value: Market value of debt $14.48 billion Cash $1.84 billion EBITDA $8.23 billion Shares Outstanding 0.68 billion Using Target's financial data and their implied value using multiples, what is an estimate for their share price?
A) What is the enterprise value of Walmart? (express answer as xx.xx billion) B) What is...
A) What is the enterprise value of Walmart? (express answer as
xx.xx billion)
B) What is the enterprise value/EBITDA multiple for Walmart?
C) Based on the EBITDA reported for Target, what is an estimate
for Target’s enterprise value using Walmart’s enterprise
value/EBITDA multiple?
D) Using Target's financial data and their implied value using
multiples, what is an estimate for their share price?
You are trying to find an implied value for Target Corporation using financial information from Walmart. You have...
Problem Consider the following data as of July 2015 for Walmart and Target Corporation (in $...
Problem Consider the following data as of July 2015 for Walmart and Target Corporation (in $ billion) Sales EBIT Depreciation and Amortization Net Income Market Capitalization Cash Debt Walmart (WMT) 485.7 26.6 9.2 16.2 235.6 9.1 48.8 Target (TGT) 73.1 4.5 2.1 2.5 52.9 2.2 12.8 Compare Walmart's and Target's EBIT margins, net profit margins, P/E ratios, and the ratio of enterprise value to sales, EBIT, and EBITDA.
Determine the Value of the firm PNC using Discount CashFlow. Table 1. Balance Sheets, PNC and Industry ($ in Thousands...
Determine the Value of the firm PNC using Discount
CashFlow.
Table 1. Balance Sheets, PNC and Industry ($ in Thousands) PNC Benchmark Companies % of Assets 2002 2003 2004 $346 $507 $2,017 $3,622 $6,492 $14,512 $21,004 Cash ST securities Accounts receivable Inventories Current assets Net fixed assets Total assets % of Sales $478 $700 $2,786 $5,002 $8,966 $15,208 $24,174 $625 $625 $3,852 $6,023 $11,125 $18,098 $29,223 2.85% 1.00% 0.01% 5.00% 9.00% 15.01% 20.10% 0.01% 14.24% 25.64% 42.74% 57.26% 100.00% 35.11%...
CASE 1-5 Financial Statement Ratio Computation Refer to Campbell Soup Company's financial Campbell Soup statements in...
CASE 1-5 Financial Statement Ratio Computation Refer to Campbell Soup Company's financial Campbell Soup statements in Appendix A. Required: Compute the following ratios for Year 11. Liquidity ratios: Asset utilization ratios:* a. Current ratio n. Cash turnover b. Acid-test ratio 0. Accounts receivable turnover c. Days to sell inventory p. Inventory turnover d. Collection period 4. Working capital turnover Capital structure and solvency ratios: 1. Fixed assets turnover e. Total debt to total equity s. Total assets turnover f. Long-term...
You are trying to find an implied value for Target Corporation using financial information from Walmart. You have collected the following: Walmart Statistics: Value: $263,07 billion Market capitalization of common stock $58.78 billion Market value of debt Cash $9.90 billion $36.84 billion EBITDA Target Statistics: Value: Market value of debt $14.69 billion $1.82 billion Cash $8.17 billion EBITDA Shares Outstanding 0.66 billion What is the enterprise value of Walmart? (express answer as xx.xx billion) Submit Answer format: Currency: Round to:...
You are trying to find an implied value for Target Corporation using financial information from Walmart. You have collected the following: Walmart Statistics: Value: $264.57 billion $57.92 billion $8.96 billion $42.44 billion Market capitalization of common stock Market value of debt Cash EBITDA Target Statistics: Value: Market value of debt $14.48 billion Cash $1.84 billion EBITDA $8.23 billion Shares Outstanding 0.68 billion Using Target's financial data and their implied value using multiples, what is an estimate for their share price?
A) What is the enterprise value of Walmart? (express answer as
xx.xx billion)
B) What is the enterprise value/EBITDA multiple for Walmart?
C) Based on the EBITDA reported for Target, what is an estimate
for Target’s enterprise value using Walmart’s enterprise
value/EBITDA multiple?
D) Using Target's financial data and their implied value using
multiples, what is an estimate for their share price?
You are trying to find an implied value for Target Corporation using financial information from Walmart. You have...
Problem Consider the following data as of July 2015 for Walmart and Target Corporation (in $ billion) Sales EBIT Depreciation and Amortization Net Income Market Capitalization Cash Debt Walmart (WMT) 485.7 26.6 9.2 16.2 235.6 9.1 48.8 Target (TGT) 73.1 4.5 2.1 2.5 52.9 2.2 12.8 Compare Walmart's and Target's EBIT margins, net profit margins, P/E ratios, and the ratio of enterprise value to sales, EBIT, and EBITDA.
Determine the Value of the firm PNC using Discount
CashFlow.
Table 1. Balance Sheets, PNC and Industry ($ in Thousands) PNC Benchmark Companies % of Assets 2002 2003 2004 $346 $507 $2,017 $3,622 $6,492 $14,512 $21,004 Cash ST securities Accounts receivable Inventories Current assets Net fixed assets Total assets % of Sales $478 $700 $2,786 $5,002 $8,966 $15,208 $24,174 $625 $625 $3,852 $6,023 $11,125 $18,098 $29,223 2.85% 1.00% 0.01% 5.00% 9.00% 15.01% 20.10% 0.01% 14.24% 25.64% 42.74% 57.26% 100.00% 35.11%...
CASE 1-5 Financial Statement Ratio Computation Refer to Campbell Soup Company's financial Campbell Soup statements in Appendix A. Required: Compute the following ratios for Year 11. Liquidity ratios: Asset utilization ratios:* a. Current ratio n. Cash turnover b. Acid-test ratio 0. Accounts receivable turnover c. Days to sell inventory p. Inventory turnover d. Collection period 4. Working capital turnover Capital structure and solvency ratios: 1. Fixed assets turnover e. Total debt to total equity s. Total assets turnover f. Long-term...
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