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 All the World's a Stage by Anne-Kristin Rademacher
Cover of the book Short Story im Englischunterricht by Anne-Kristin Rademacher
Cover of the book Research Methodology. The Origin and Scope of Thick Ethnography by Anne-Kristin Rademacher
Cover of the book Strengths and weaknesses of the oversight over the auditing profession in the UK and USA. A description, analysis and discussion by Anne-Kristin Rademacher
Cover of the book E-mails, Chat and Online Communication - Towards a New English? by Anne-Kristin Rademacher
Cover of the book 'Making a change?!' - Between Grassroots and Commercialisation in Contemporary American Rap Music by Anne-Kristin Rademacher
Cover of the book Entering the Swedish market: The Karstadt GmbH case by Anne-Kristin Rademacher
Cover of the book Catherine Earnshaw: Female or Fiend? by Anne-Kristin Rademacher
Cover of the book Regional variation in British English - Focus on Scotland by Anne-Kristin Rademacher
Cover of the book Why has alliance formation as a strategy become so important to airline companies? by Anne-Kristin Rademacher
Cover of the book Recension of Arthur Millers 'Death of a Salesman' by Anne-Kristin Rademacher
Cover of the book Name Symbolism and Multilayer Ambiguity in Henry James' 'Daisy Miller' by Anne-Kristin Rademacher
Cover of the book Understanding the socio-economic characteristics and perception of poverty in artisanal fisheries of Ghana. The Case of Kpong Reservoir by Anne-Kristin Rademacher
Cover of the book The Idea of the Antichrist: Tyconius the Donatist and Adso of Montier-En-Der by Anne-Kristin Rademacher
Cover of the book What does a confrontation between autocratic rule and popular self-organization entail? 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