Valuating a German business - Case adidas

Usage of the valuation methods discounted cash flow and multiples factors

Business & Finance, Finance & Investing, Finance
Cover of the book Valuating a German business - Case adidas by Anne-Kristin Rademacher, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Anne-Kristin Rademacher ISBN: 9783656280002
Publisher: GRIN Publishing Publication: September 27, 2012
Imprint: GRIN Publishing Language: English
Author: Anne-Kristin Rademacher
ISBN: 9783656280002
Publisher: GRIN Publishing
Publication: September 27, 2012
Imprint: GRIN Publishing
Language: English

Research Paper (undergraduate) from the year 2012 in the subject Business economics - Investment and Finance, grade: 1,3, University of Applied Sciences Essen, course: Financial Management, language: English, abstract: Valuation of companies is done for many reasons. The evaluation of alternative strategies for decisions to sell or buy a company is the widest known purpose among literature. The alternatives can be categorized into three parts: mergers and acquisitions, succession and continuation. The former reflects the selling or buying decision of companies, and the acquisition of shares and mergers. Succession means management buyouts, whereas continuation refers to reorganization, monitoring of financial standing and liquidity flotation, investments but also divestments and spin offs (cf. Hansa & Dvorak 2007). Adidas has gone through several valuations already. In 1994 Adidas was sold for 1,350 million German Mark whereas in mid-1995 the company was already valued at 3,300 million German Mark when it was initially offered to public (cf. Die Welt 1995). As of December 31st 2010 the price for an Adidas share was 48.89 Euro (?), reflecting a 29.4% growth compared to 2009 (cf. Adidas 2011 a, p. 2). The following paper on hand values the German company Adidas as of December 2010 with help of the valuation methods Discounted Cash Flow in terms of equity and entity approach as well as the market oriented multiples. Both valuation methods are theoretical defined and later applied to Adidas.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Research Paper (undergraduate) from the year 2012 in the subject Business economics - Investment and Finance, grade: 1,3, University of Applied Sciences Essen, course: Financial Management, language: English, abstract: Valuation of companies is done for many reasons. The evaluation of alternative strategies for decisions to sell or buy a company is the widest known purpose among literature. The alternatives can be categorized into three parts: mergers and acquisitions, succession and continuation. The former reflects the selling or buying decision of companies, and the acquisition of shares and mergers. Succession means management buyouts, whereas continuation refers to reorganization, monitoring of financial standing and liquidity flotation, investments but also divestments and spin offs (cf. Hansa & Dvorak 2007). Adidas has gone through several valuations already. In 1994 Adidas was sold for 1,350 million German Mark whereas in mid-1995 the company was already valued at 3,300 million German Mark when it was initially offered to public (cf. Die Welt 1995). As of December 31st 2010 the price for an Adidas share was 48.89 Euro (?), reflecting a 29.4% growth compared to 2009 (cf. Adidas 2011 a, p. 2). The following paper on hand values the German company Adidas as of December 2010 with help of the valuation methods Discounted Cash Flow in terms of equity and entity approach as well as the market oriented multiples. Both valuation methods are theoretical defined and later applied to Adidas.

More books from GRIN Publishing

Cover of the book Science Fiction Trappings and Archetypal Fears and Needs in Signs by Anne-Kristin Rademacher
Cover of the book Mary E. Wilkins Freeman (1852-1930): 'The Revolt of 'Mother' ' (1891) & Sherwood Anderson (1876-1941): 'Winesburg, Ohio' (1919) by Anne-Kristin Rademacher
Cover of the book Customer Relationship Management in Banking Sector by Anne-Kristin Rademacher
Cover of the book Multiple Iago - The Character and Motives of Iago in Shakespeare's Othello by Anne-Kristin Rademacher
Cover of the book History and its relevance for understanding Jonathan Swift's satirical works by Anne-Kristin Rademacher
Cover of the book Darstellung und Diskussion zu George Herbert Meads 'Die Entstehung des Selbst' by Anne-Kristin Rademacher
Cover of the book Arbeitstechnik in Berufsbildung und Studium by Anne-Kristin Rademacher
Cover of the book Die Entwicklung der Kriegstechnik unter ökologischen Aspekten by Anne-Kristin Rademacher
Cover of the book Kant's foundation of moral actions by Anne-Kristin Rademacher
Cover of the book How can India become a regionl hegemon? Obstacles and beneficient factors by Anne-Kristin Rademacher
Cover of the book 'Journalism's Woodstock' - Old vs. New Journalism in a decade of change by Anne-Kristin Rademacher
Cover of the book The revival of ancient Hindu values towards female sexuality by Anne-Kristin Rademacher
Cover of the book The suitability of William Golding's 'Lord of the Flies' for the EFL-classroom and possible ways of teaching it by Anne-Kristin Rademacher
Cover of the book Female Muslim Characters and the Lure of the Hybrid. 'My name is Salma' by Fadia Faquir by Anne-Kristin Rademacher
Cover of the book Myanmar: pre-colonial & colonial socio-economic developments by Anne-Kristin Rademacher
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy