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Hi,

Please find below Project Sample as a guide ;

Company Name: Intel Corp

Stock Symb:INTC

Finance 5103 – Financial Management

Project

 

 

Name: _________________________

 

 

 

 

Grading Rubric:

 

  1. Company Profile?       (10 points)

 

 

 

  1. Financial Analysis       (25 points)

 

 

 

  1. Stock valuation           (25 points)

 

 

 

  1. Corporate Governance? (10 points)

 

 

 

  1. Corporate Policy         (25 points)

 

 

 

  1. Writing and organization of the paper (5 points)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Total:_______________

 

 

 

 

 


 

 

Finance 5103 – Financial Management

Project

 

 

 

 

 

 

 

 

Company: Microsoft Corporation

 

 

 

 

 

 

 

 

James Mark

December 2013

 
Introduction

            This report presents the financial analysis of Microsoft Corporation. The firm’s financial status is evaluated using ratio analysis and suggestions on improvement are provided. The risk and return of Microsoft common stocks are studied and the fundamental value of stock is estimated……

 

 

Company Profile

            Microsoft is a high tech company providing computer software products worldwide. The firm is founded in 1975 by …….

 

 

 

Financial Analysis

            Comparing to previous year, Microsoft’s assets have higher liquidity and also high returns (See table 1)……

 

 

 

Stock Analysis

            Microsoft now has about 9 billion outstanding common shares. Table 2 shows that the average monthly return from Jan 2009 to Dec 2013 is 0.32% with a standard deviation of 7.21%…….

 

 

 

Corporate Governance

            Microsoft’s ISS Governance QuickScore as of Jan 1, 2014 is 3. The pillar scores are Audit: 1; Board: 8; Shareholder Rights: 5; Compensation: 3.……

 

 

 

Corporate Policies – Payout Policy

            Microsoft as a growth firm didn’t pay dividend until 2003. Before that, the firm split stocks several times (see Table 3)…….

 

 

 

Conclusion

            Based on the analysis presented above, Microsoft appears to have a good financial standing…….

 

Appendix:

 

Table 1: Financial Ratios

 

           

Ratio Analysis

2013

2012

Liquidity Ratios

 

 

   Current Ratio

x

x

   Quick Ratio

x

x

Asset Management Ratios

 

 

   Inventory Turnover

x

x

   Days Sales Outstanding

x

x

   Fixed Assets Turnover

x

x

   Total Assets Turnover

x

x

Debt Management Ratios

 

 

   Debt Ratio

 

x

x

  Times-interest-earned ratio

x

x

   EBITDA coverage ratio

x

x

Profitability Ratios

 

 

   Profit Margin

x

x

   Basic Earning Power

x

x

   Return on Assets

x

x

   Return on Equity

x

x

Market Value Ratios

 

 

   Price-to-earnings ratio

x

x

   Price-to-cash flow ratio

x

x

   Market-to-book ratio

x

x

       

 

 

 

Table 2: Stock Returns

 

 

Month

Market Level (S&P 500 Index)

Market Monthly Return

MSFT Adjusted Stock Price

MSFT Monthly Return

Dec 2013

xx

xx

24.74

-0.32%

Nov 2013

xx

xx

24.82

6.84%

Oct 2013

xx

xx

23.23

1.13%

Sep 2013

xx

xx

22.97

1.28%

Aug 2013

xx

xx

22.68

-3.90%

 

 

….

 

 

 

 

….

 

 

Mar2009

xx

xx

18.15

13.72%

Feb 2009

xx

xx

15.96

-4.89%

Jan 2009

xx

xx

16.78

-12.05%

Dec 2008

xx

xx

23.6

 

Average Return:

xx

xx

 

0.32%

Standard Deviation:

xx

xx

 

7.21%

Beta:

 

 

 

xx

 

 

 

 

Table 3: Payout History

 

Date

Dividends

 

18-Feb-03

2 : 1 Stock Split

11/19/2013

0.28

 

29-Mar-99

2 : 1 Stock Split

8/13/2013

0.23

 

23-Feb-98

2 : 1 Stock Split

5/14/2013

0.23

 

9-Dec-96

2 : 1 Stock Split

2/19/2013

0.23

 

23-May-94

2 : 1 Stock Split

11/13/2012

0.23

 

15-Jun-92

3 : 2 Stock Split

8/14/2012

0.2

 

27-Jun-91

3 : 2 Stock Split

5/15/2012

0.2

 

16-Apr-90

2 : 1 Stock Split

2/14/2012

0.2

 

21-Sep-87

2 : 1 Stock Split

11/15/2011

0.2

 

 

 

8/16/2011

0.16

 

 

 

5/17/2011

0.16

 

 

 

2/15/2011

0.16

 

 

 

11/16/2010

0.16

 

 

 

8/17/2010

0.13

 

 

 

5/18/2010

0.13

 

 

 

2/16/2010

0.13

 

 

 

11/17/2009

0.13

 

 

 

8/18/2009

0.13

 

 

 

…..

xx

 

 

 

 

 

 

Kind regards….Daniel

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