Table of Figures

Table 1 Brief Description of Walt Disney's Businesses by Segment 4

Table 2 Brief summary of the Disney’s activity. 6

Table 3 Walt Disney’s Competitors by Segment 6

Table 4 Bonds Valuation, bonds are sorted by maturity date. 8

Table 5 Industry Credit Rating. 13

Table 6 Composite rates compared to YTMs. 14

Table 7 Walt Disney Stocks. 16

Table 8 Dividend History. 16

Table 9 Stocks Evaluation.. 18

Table 10 Stock Evaluation 2. 19

Table 11 Liabilities of Walt Disney Company. 21

Table 12 Book values, market values and target capital structure. 22

Table 13 Bonds issued by Disney Company. 23

Table 14 Historical average growth in dividends. 27

Table 15 Stock Price Data. 30

Table 16 Stock's Growth Rate. 30

^[1] Calculated in the attached spreadsheet.

^[2] CNN Money. Available at: <http://cnnfn.cnn.com/2001/07/23/deals/fox_disney/>.

^[3] Disney Walt Co Mtns Be 2.75% | Maturity:2021.

^[3]<http://quicktake.morningstar.com/StockNet/Bondsquote.aspx?bid=bc3786e01cbadd283004f3f452d560fa&bname=Disney+Walt+Co+Mtns+Be+2.75%25+|+Maturity%3a2021&ticker=DIS&country=USA&clientid=dotcom>

^[4] PRICE function - Excel - Office.com. http://office.microsoft.com/en-gb/excel-help/price-HP005209219.aspx

^[5] http://finance.yahoo.com/bonds/composite_bond_rates

^[6] Composite rate for this maturity date does not exist.

^[7] Nicole Bullock. Disney takes advantage of low bond rates. Financial Times. http://www.ft.com/intl/cms/s/0/e783a456-c916-11e0-bc80-00144feabdc0.html

[8] http://thewaltdisneycompany.com/content/shareholder-faqs#faq-topic-169

[9]http://4.bp.blogspot.com/-grI-phvYgLE/TXDdeSU0gfI/AAAAAAAAAF8/0ZTWGy-aKfQ/s1600/Gordon%2Bgrowth%2Bvaluation.png

[10] http://thewaltdisneycompany.com/sites/default/files/reports/q4-fy12-earnings.pdf

[11] This approach was suggested in the student book “Financial management: theory and practice”, Michael C. Ehrhardt, Eugene F. Brigham, - South-Western, 13 ed.

[12] Financial management: theory and practice, Michael C. Ehrhardt, Eugene F. Brigham

[13] http://corp.delaware.gov/frtax.shtml

[14] http://www.taxrates.cc/html/us-tax-rates.html

[15] http://inflationdata.com/inflation/Inflation_Rate/HistoricalInflation.aspx

[16] Brigham (уч)

[17] http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2084213 (page 10)

[18] http://dividata.com/stock/DIS/dividend

[19] dividendshttp://www.christinalrussell.com/documents/DisneyFinanceProject_000.pdf

[20] http://ycharts.com/companies/DIS/retained_earnings

[21] http://www.bloomberg.com/news/2012-03-01/indicated-dividend-yield-rankings-of-s-p-500-company-correct-.html

[22] http://www3.valueline.com/dow30/f2768.pdf http://www3.valueline.com/dow30/f2768.pdf

[23] Учебник

[d1]Bonds_Calculation.xlsx

Вячеслав Присивко:

Needs alignment with in-text footnotes

Date: 2015-01-29; view: 977