Analysis of Corporate Valuation - A Study of Acelon Chemicals & Fiber Corporation in the Textile Industry
| Autor: | Chang,Hui-Ling, 張慧玲 |
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| Rok vydání: | 2013 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 101 This thesis is a case study adopting Discounted Cash Flow (DCF) model and Economic Value Added（EVA）to assess the enterprise value of Acelon Chemicals & Fiber Corp. of textile industry. Meanwhile, we would like to identify the business' value drivers via sensitivity and scenario analysis, in order to bring out the creating value strategy for the company. The result shows that the key value drivers are sales turnover, weighted average cost of capital（WACC）and operating income ratio. Finally we combine both strategic and financial aspects with key value drivers, and propose some recommendations for future managerial strategies from evaluative perspective. For examples: the company could raise funds through the debt market in order to lower WACC, differentiate its products rather than a price war, implement strategic alliance with suppliers to enhance bargaining power for the cost of raw materials, and to establish cooperation with other downstream brands. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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