Saturday, December 21, 2019

Wmt Valuation Essay - 1915 Words

Summary - Valuing Wal-Mart In utilizing the fundamental data provided by the 2010 Richard Ivey School of Business Foundation article titled Valuing Wal-Mart - 2010, I have made the following conclusions regarding the value of Wal-Mart (WMT) stock as of February 2012. * Utilizing the constant growth dividend discount model (DDM), the value of Wal-Mart’s stock price is $60.20. The most recent closing price of Wal-Mart stock was $53.48. Given this information, the constant growth DDM valuation suggests that the Wal-Mart stock is currently undervalued. * Utilizing the two-stage DDM approach, the value of Wal-Mart’s stock price is $83.95. Similar to the constant growth DDM valuation conclusion, the Wal-Mart stock is currently†¦show more content†¦Through the mid-part of the 80’s and into the early 90’s Wal-Mart had still produced annual earnings growth over 20%. It wasn’t until the early part of the century where Wal-Mart had produced earnings growth in the low teens to single digits. With that as supporting material, Wal-Mart has already experienced it’s growth and transition phases of its business cycle and is more in their maturity stage of their business. As of 2010, Wal-Mart is the largest retailer in the world with more than $400 billion in annual revenues across more than 8,000 stores. It would be. It would not be justifiable to utilize the three-stage dividend approach in valuing such a mature company. Capital Asset Pricing Model (CAPM) Valuations for Wal-Mart CAPM Utilizing the fundamental concepts of the Capital Asset Pricing Model (CAPM), the expected return for Wal-Mart stock is 7.01% [E(R)]. This is a result of a risk-free rate (Rf) of 3.68%, which was the provided 10-year government bond yield to use as a proxy for the risk-free rate. The beta (ÃŽ ² ) of Wal-Mart was 0.66 according to the provided Bloomberg beta estimate. Additional data was provided on the U.S. market risk premium [E(RM) – Rf] of 5.05%. In following the general concepts of CAPM, there are some general assumptions: no transaction costs, all assets are publicly traded,Show MoreRelatedFinancial Outcomes Paper1657 Words   |  7 PagesCapital Valuation Paper University of Phoenix FIN / 419 – Finance for Decision Making November 3, 2009 Capital Valuation Paper Companies are evaluated to determine if they are risky to invest in. There are many tools that are used to conduct this evaluation. Part of determining Wal-mart’s financial health is to analyze their debt position. This is done by indicating the amount of other people’s money being used to generate profits. Long-termRead MoreCompany Analysis : Wal Mart Stores Inc.1044 Words   |  5 PagesMarket Perform to Underperform). This means that the stock is expected to do slightly worse than the market return (SP 500). The analyst arrived at this conclusion because his 2015 EPS estimate (i.e., lowering from $5.35 to $5.20) led him to a valuation of $78 per share compared with the stock’s closing price of $83 per share. His rating reflects the fundamental view that: †¢ While U.S. 3Q14 comp-store sales growth of 0.5% was slightly positive event when compared with flat expectations, it cameRead MoreThe Equity Analysis On Wal Mart Stores Inc.1039 Words   |  5 PagesUnderperform from Market Perform). This means that the stock is expected to do slightly worse than the market return (SP 500). The analyst arrived at this conclusion because his 2015 EPS estimate (i.e., lowering from $5.35 to $5.20) led him to a valuation of $78 per share compared with the stock’s closing price of $83 per share. 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The stores provide a wide range of products including bakery, health, beauty, stationery, fabrics and crafts, apparel, paints, furniture, electronicsRead MoreFinancial Analysis Walmart 2013 Essay2244 Words   |  9 Pages Stock Price Analysis Wal-Mart Stores, Inc. (WMT) is one of the largest retailers in the world, and a shareholder friendly company. According to four years average revenue growth: 6%, four year average income growth: 8%, †¨four year average EPS growth: 11%, four year average cash flow growth: 6%, dividend Yield: 2.76%, and dividend Growth Rate: 17%, Although the company has seen some disappointing numbers, I find the current WMT stock valuation at approximately $53 per share to be reasonably attractiveRead MoreStock Valuation Walmart2303 Words   |  10 PagesStock Valuation Project Wal-Mart Retail begins. Before opening Wal-Mart, Sam Walton, traveled the United States to study everything he could about discount retailing. Walton became convinced that American consumers wanted a new type of store. With this vision Walton and his wife Helen placed 95 percent of the capital for their first Wal-Mart store in Rogers, Arkansas. Within five years, the company expanded to 24 stores across Arkansas and reached $12.6 million in sales; in 1968 it opened its firstRead MoreWalmart Principles of Business1191 Words   |  5 Pagesgrowth and profit for fiscal year 2011. After reviewing Walmart’s financial history thoroughly, I would have no issues investing into this company. However, before investing â€Å"[investors] should always understand the meaning and trends of stock valuations to make an informed speculative decision on the future performance of a stock† (Ebert amp; Griffin, 2003). When reviewing Walmart’s stock history, you can see the slow increase of value in the stock as the company has expanded. Wal-Mart StoresRead MoreFINANCIAL ANALYSIS OF SEARS VS. WAL-MART5339 Words   |  22 Pagesgood introduction regarding the combination of such information to create a powerful tool for financial statement analysis. Profitability analysis Exhibit 1-1 Comparison of profitability ratios 2002 2001 2000 1999 1998 SEARS WMT SEARS WMT SEARS WMT SEARS WMT SEARS WMT ROS 3.3% 3.06% 1.79% 3.29% 3.29% 3.26% 3.69% 3.22% 2.63% 2.99% Gross margin 44.0% 22.2% 41.3% 22.5% 38.2% 22.5% 39.4% 22.2% 38.3% 21.9% operating profit/sale 5.9% 4.9% 3.0% 5.3% 5.4% 5.5% 6.1% 5.2% 4.7% 4.9% EBIT/sales 8.7% 5

Friday, December 13, 2019

Records Administrators and Technicians Free Essays

Records Administrators and Technicians November 24, 2010 HCR/210 Instructor: Jennifer Briscoe Records Administrators and Technicians The general duties for handling patient records differ between a record administrator (RHIA) and a records technician (RHIT). A RHIT has to have knowledge about medical records and implement the skills that go into filling out all the documents in the files. A RHIA hires and teaches medical record technicians how properly to complete medical documentations. We will write a custom essay sample on Records Administrators and Technicians or any similar topic only for you Order Now Three specific examples of differences between a record administrator and a records technician are a technician can assist an administrator, an administrator reviews a technician’s work, and an administrator manages or supervises the medical staff at a medical facility. A RHIT has to be knowledgeable in medical requirements, standards, procedures, regulations, and methods. A technician has to know a wide range of medical codes, medical terminology, and medical record content and organization. Also a technician has to be well-informed in psychology, diseases, anatomical systems, read and comprehend a medical chart, and be familiar with other medical departments. A record technician also has to work with health care insurance. A RHIT has many more specific duties when working with medical records. A RHIT uses many medical record knowledge and skills regularly so they must be accurate with the completed records. A RHIA has to have all the knowledge of a medical record technician because they hire and train the new employees. An administrator only steps into help out a technician if he or she is needed. An administrator also checks a technician work to see if it is complete, accurate, and complies with the federal regulations and facility policies. Administrators are the leaders of facility documentations and develop procedures and policies for the staff. An administrator distributes records when he or she is authorized to by the patients. References: 1997-2010, â€Å"Medical Record Technician† Job Description and Jobs How to cite Records Administrators and Technicians, Papers

Thursday, December 5, 2019

An Honest Farmer free essay sample

The dictionary defines integrity as â€Å"an uncompromising adherence to a moral code† and ssys the word traces its origins to a Latin term meaning â€Å"untouched. † Here is integrity, untouched and unshaken by altered circumstances. There was a war in Germany long ago, and thousands of soldiers were scattered over the country. A captain of the cavalry, who had a great many men and horses to feed, was told by his colonel that he must get food from the farms nearby. The captain walked for some time through the lonely valley, and at last knocked at the door of a small cottage. The man who opened it looked old and lame. He leaned on a stick. â€Å"Good day, sir,† said the captain. â€Å"Will you kindly show me a field where my soldiers can cut the grain and carry it off for our army? † the old man led the soldiers through the valley for about a mile, and in the distance they saw a field of barley waving in the breeze. We will write a custom essay sample on An Honest Farmer or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page â€Å"This is just what we want. We’ll stop here,† exclaimed the captain. â€Å"No, not yet,† said the old man. â€Å"You must follow me a little farther. † After another mile or two, they came to a second field of barley. The soldiers dismounted, cut down the grain, tied it in sheaves, and rode away with it. Then the captain said to the old farmer: â€Å"Why did you make us walk so far? The first field of barley was better than this one. † â€Å"That is true, sir,† answered the honest old man, â€Å"but it was not mine. † farmer