{"id":13176,"date":"2020-11-24T09:05:27","date_gmt":"2020-11-24T09:05:27","guid":{"rendered":"http:\/\/onlineclassesguru.com\/index.php\/2020\/11\/24\/business-valuation-of-company-lowes-in-excel-files\/"},"modified":"2020-11-24T09:05:27","modified_gmt":"2020-11-24T09:05:27","slug":"business-valuation-of-company-lowes-in-excel-files","status":"publish","type":"post","link":"https:\/\/onlineclassesguru.com\/index.php\/2020\/11\/24\/business-valuation-of-company-lowes-in-excel-files\/","title":{"rendered":"Business valuation of company lowes in excel files"},"content":{"rendered":"<style type=\"text\/css\"><\/style><p>Here are the minimal instructions\/guidance for your final project for the semester.<\/p>\n<ul>\n<li>In \u201cValuation\u00a0Reference Files\u201d under \u201cCourse Documents\u201d pay particular attention to the two Home Depot Files\n<ul>\n<li>Note: The NOA approach to Free Cash Flow to the Firm is used here that we talked about in the last lecture we had. I would like you to use what we have already discussed (i.e. use\u00a0<em>\u2018NOPAT \u2013 change in Net PPE (i.e. capital expenditure\u00a0spending \u2013 depreciation) \u2013 changes in Net Working Capital for operations\u2019).<\/em><\/li>\n<li>Perform the intrinsic valuation using the FCFF approach\u00a0leading to the\u00a0<strong>Market Value of Invested Capital<\/strong>\u00a0to\u00a0<strong>Enterprise Value<\/strong>\u00a0(MVIC \u2013 Cash and Marketable Securities) to\u00a0<strong>Equity Value (<\/strong>Enterprise Value \u2013 Long-term Term debt \u2013 PV of Operating Leases)\u00a0to\u00a0<strong>Value per Share<\/strong>\u00a0(Equity Value\u00a0 \/ Shares Outstanding)<\/li>\n<li>Perform\u00a0a Market Multiple analysis to compare to your intrinsic value. A minimum of two and a maximum of three multiples should be used.<\/li>\n<li><strong>NOTE: THERE MAY BE SOME CALCULATION ERRORS IN THE SPREADSHEETS THAT ARE USED FOR REFERENCE. I WANT YOU TO USE WHAT WE HAVE LEARNED. THE EARLY 2000s SPREADSHEETS ARE THERE FOR CONTENT AND GUIDANCE RATHER THAN COPYING ALL OF THE FORMULAS, ETC.<\/strong><\/li>\n<\/ul>\n<\/li>\n<li>Use the last day of the last fiscal year reporting as the Date of Value (Relying on Shares Outstanding from the 10k)<\/li>\n<li>In addition to presentable spreadsheets, you are to also provide a written analysis in lieu\u00a0of presenting. The analysis will include:\n<ul>\n<li>An\u00a0<strong>ExectiveSummary<\/strong>\u00a0no longer than one-page. Less is more here but it must be able to stand alone and provide a busy top-level decision-maker with a complete briefing, what course of action to follow and a succinct description of why. Use whatever facts are necessary to show the significance and\/or priority.<\/li>\n<li>An\u00a0<strong>Analysis<\/strong>\u00a0that is 1-3pages listing the key assumptions you make in your analysis, your logic of your argument, and the use of each key assumption. Justify your assumption. Be specific but express your ideas clearly with support, evidence, explanation, and references if appropriate. The analysis portion should \u201cbuild\u201d to support your opinion\/recommendation regarding the market value of Lowes\u00a0on the last day of the Fiscal Year. Remember, only use information that was known and knowable at the time.<\/li>\n<li>Include the exhibits to follow the Analysis.<\/li>\n<\/ul>\n<\/li>\n<li>This should be a professional work product provided as a single document<\/li>\n<li>In addition to submitting the \u201cprofessional work product\u201d please submit\u00a0our valuation spreadsheets as well. Both will be graded.<\/li>\n<\/ul>\n<p><center><a href=\"http:\/\/onlineclassesguru.com\/orders\/ordernow\"><img decoding=\"async\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcTyj99p60XCLyLk1htB7-1neRt8-2QdnenNlQ&usqp=CAU\"target=\"_http:\/\/onlineclassesguru.com\/orders\/ordernow\"\/><\/center><p>","protected":false},"excerpt":{"rendered":"<p>Here are the minimal instructions\/guidance for your final project for the semester. In \u201cValuation\u00a0Reference Files\u201d under \u201cCourse Documents\u201d pay particular attention to the two Home Depot Files Note: The NOA approach to Free Cash Flow to the Firm is used here that we talked about in the last lecture we had. I would like you&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-13176","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Business valuation of company lowes in excel files - onlineclassesguru<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/onlineclassesguru.com\/index.php\/2020\/11\/24\/business-valuation-of-company-lowes-in-excel-files\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business valuation of company lowes in excel files - onlineclassesguru\" \/>\n<meta property=\"og:description\" content=\"Here are the minimal instructions\/guidance for your final project for the semester. 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