EQUITY NAME
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EQUITY NAME- Thermo Fisher Scientific Inc
TICKER- TMO
CUSIP- 88355610
YEAR
2022
2021
2020
2019
PRICE
136.5417
137.7772
124.0929
101.9295
GROSS PROFIT
$143.754
B
$138.836
B
$129.359
B
$129.104
B
OPERATING INCOME
$25.942 B
$22.548
B
$20.568
B
$21.957 B
COMMON STOCK DIVIDENDS PAID
(-$6,576)
(-$6,550)
(-$6,603)
(- $6,533)
COMMON SHAREHOLDERS EQUITY
$80.123 B
$91.891
B
$87.531
B
$81.552 B
NET INCOME
$13.673 B
$13.510
B
$14.88 B
$6.67 B
TOTAL SHAREHOLDERS' EQUITY
$91.891 B
$87.531
B
$81.552
B
$79.634 B
TOTAL ASSETS
$244.860
B
$252.496
B
$236.495
B
$219.295
B
NUMBER OF SHARES
OUTSTANDING
2.805 B
2.847 B
2.868 B
2.94 B
LONG-TERM DEBT
$65.590 B
$72.320
B
$77.153
B
$62.184 B
TOTAL LIABILITIES
$152,969
$164,965
$154,943
$139,661
DIVIDEND PAYMENT ANNUAL
(COMMON AND PREFERRED)
$-15.816 B
-$6.576 B
$-6.55 B
-$6.603 B
a) Total Asset Growth:
Total Asset Growth = ((Total Assets in 2022 - Total Assets in 2019)/Total Assets in 2019) x 100% Total Asset Growth = ((244.860 B - 219.295 B)/219.295 B) x 100%
Total Asset Growth = 11.69%
b) Return on Equity (ROE):
= (Net Income/Total Shareholders' Equity) x 100% 2019 = (6.67 B/79.634 B) x 100% = 8.38%
2020 = (14.88 B/87.531 B) x 100% = 17.01%
2021 = (13.510 B/91.891 B) x 100% = 14.70%
2022 = (13.673 B/91.891 B) x 100% = 14.88%
c) Return on Assets (ROA):
= (Net Income/Total Assets) x 100%
2019 = (6.67 B/219.295 B) x 100% = 3.05%
2020 = (14.88 B/236.495 B) x 100% = 6.29%
2021 = (13.510 B/252.496 B) x 100% = 5.34%
2022 = (13.673 B/244.860 B) x 100% = 5.59%
d) Book Value:
Book Value = Total Shareholders' Equity/Number of Shares Outstanding 2019 = 81.552 B/2.94 B = $27.73
2020 = 87.531 B/2.868 B = $30.48
2021 = 91.891 B/2.847 B = $32.27
2022 = 80.123 B/2.805 B = $28.55
e) Price-to-Earnings (P/E) Ratio:
= Price per Share/Earnings per Share
Earnings per Share = Net Income/Number of Shares Outstanding 2019 = 101.9295/ (6.67B/2.94B) = 15.85
2020 = 124.0929/ (14.88B/2.868B) = 20.51
2021 = 137.7772/ (13.51B/2.847B) = 20.61
2022 = 136.5417/ (13.673B/2.805B) = 20.42
f) Debt-to-Total-Equity Ratio:
= Total Debt/Total Shareholders' Equity
2019 = 62.184 B/79.634 B = 0.78
2020 = 77.153 B/87.531 B = 0.88
2021 = 72.320 B/91.891 B = 0.79
2022 = 65.590 B/91.891 B = 0.71
EQUITY NAME- C h a r t e r C o m m u n i c a t i o n s I n c. C l a s
TICKER- CHTR
CUSIP- 16117M30
YEAR
2019
2020
2021
2022
AVERAGE STOCK PRICE
65.7554
96.7406
140.2289
136.7814
GROSS PROFIT
$15,674
M
$14,276
M
$19,304
M
$25,565
M
OPERATING INCOME
$4,386 M
$5,198
M
$9,043 M
$12,936
M
COMMON STOCK DIVIDENDS PAID
(-$2,968)
M
(-$2,882)
M
(-$3,008)
M
(-$3,212)
M
COMMON SHAREHOLDERS EQUITY
$4,909 M
$6,077
M
$9,950 M
$18,013
NET INCOME
$4,386 M
$5,198
M
$9,043 M
$12,936
M
TOTAL LIABILITIES AND SHARE
HOLDERS EQUITY
$32,957
M
$35,594
M
$41,240
M
$49,014
M
TOTAL ASSETS
$32,957
M
$35,594
M
$41,240
M
$49,014
M
NUMBER OF SHARES OUTSTANDING
1220M $
1149M $
1149 M $
1137M $
LONG-TERM DEBT
$13,437
M
$15,226
M
$13,701
M
$13,537
M
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TOTAL LIABILITIES
$28,048
M
$29,517
M
$31,290
M
$31,001
M
DIVIDEND PAYMENT ANNUAL
(COMMON AND PREFERRED)
(-$2,968) M
(-$2,882) M
(-$3,008)
M
(-$3,212) M
1.
Total Asset Growth:
Total Asset Growth = ((Total Assets in 2022 - Total Assets in 2019)/Total Assets in 2019) * 100% Total Asset Growth = (($49,014 - $32,957)/$32,957) * 100% = 48.75%
2.
Return on Equity ():
= Net Income/Common Shareholders Equity 2022 = $12,936/$18,013 = 71.8%
2021 = $9,043/$9,950 = 90.9%
2020 = $5,198/$6,077 = 85.5%
2019 = $4,386/$4,909 = 89.3%
3.
Return on Assets ():
= Net Income/Total Assets
2022 = $12,936/$49,014 = 26.4%
2021 = $9,043/$41,240 = 21.9%
2020 = $5,198/$35,594 = 14.6%
2019 = $4,386/$32,957 = 13.3%
4.
Book Value:
= Common Shareholders Equity/Number of Shares Outstanding 2022 = $18,013/1137 = $15.83
2021 = $9,950/1149 = $8.66
2020 = $6,077/1149 = $5.29
2019 = $4,909/1220 = $4.02
5.
Price-to-Earnings (P/E) Ratio:
PE Ratio = Stock Price / EPS (Earnings per Share) EPS = Net Income / Number of Shares Outstanding 2019 = 65.7554 / (4,386 / 1220) = 28.0223
2020 = 96.7406 / (5,198 / 1149) = 52.2846
2021 = 140.2289 / (9,043 / 1149) = 90.1689
2022 = 136.7814 / (12,936 / 1137) = 154.4138
6.
Debt-to-Total-Equity Ratio:
= Long-term Debt/Common Shareholders Equity 2022 = $13,537/$18,013 = 0.75
2021 = $15,226/$9,950 = 1.53
2020 = $13,701/$6,077 = 2.25
2019 = $13,437/$4,909 = 2.74
X
Equity Name- A o n P l c C l a s s A
Ticker- AON
CUSIP- 863667101
Metric
2019
2020
2021
2022
Average
Stock Price
$190.56
$194.51
$251.85
$230.67
Gross Profit
$9,696,000
$9,057,000
$10,968,000
$11,578,000
Operating
Income
$2,713,000
$2,223,000
$2,584,000
$2,841,000
Common Stock Dividends
Paid
-$778,000
-$863,000
-$950,000
$1,051,000
Common
Shareholders’ Equity
$12,807,000
$13,084,000
$14,877,000
$16,616,000
Net Income
$2,083,000
$1,599,000
$1,994,000
$2,358,000
Total Liabilities and Shareholders’
Equity
$30,167,000
$34,330,000
$34,631,000
$36,884,000
Total Assets
$30,167,000
$34,330,000
$34,631,000
$36,884,000
Number of
Shares
Outstanding
380,000,000
380,000,000
38,200,000
38,200,000
Long-term
Debt
$10,231,000
$1,323,000
$1,247,200
$11,857,000
Dividend
Payment
Annual
-$778,000
-$863,000
-$950,000
-$1,051,000
(Common
and
Preferred)
TOTAL
LIABILITIE S
$17,360,000
$21,246,000
$19,754,000
$20,268,000
Total Asset Growth:
Total Asset Growth = ((Total Assets in Current Year - Total Assets in Previous Year) / Total Assets in Previous Year) x 100%
(2019-2020) = (($34,330,000 - $30,167,000) / $30,167,000) x 100% = 13.8%
(2020-2021) = (($34,631,000 - $34,330,000) / $34,330,000) x 100% = 0.9% (2021-2022) = (($36,884,000 - $34,631,000) / $34,631,000) x 100% = 6.5%
Return on Equity ():
= (Net Income / Common Shareholders Equity) x 100% (2019) = ($2,083,000 / $12,807,000) x 100% = 16.3%
(2020) = ($1,599,000 / $13,084,000) x 100% = 12.2%
(2021) = ($1,994,000 / $14,877,000) x 100% = 13.4%
(2022) = ($2,358,000 / $16,616,000) x 100% = 14.2%
Return on Assets ():
= (Net Income / Total Assets) x 100%
(2019) = ($2,083,000 / $30,167,000) x 100% = 6.9%
(2020) = ($1,599,000 / $34,330,000) x 100% = 4.7%
(2021) = ($1,994,000 / $34,631,000) x 100% = 5.8%
(2022) = ($2,358,000 / $36,884,000) x 100% = 6.4%
Book Value:
= Common Shareholders Equity / Number of Shares Outstanding (2019) = $12,807,000 / 380,000,000 = $0.034
(2020) = $13,084,000 / 380,000,000 = $0.034 (2021) = $14,877,000 / 38,200,000 = $0.389
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(2022) = $16,616,000 / 38,200,000 = $0.435
PE ratio:
The = the average stock price divided by earnings per share (EPS).
EPS= divide the net income by the number of shares outstanding. Charter Communications oration:
2022: ($230.67 / ($2,358,000 / 38,200,000)) = 349.11
2021: ($251.85 / ($1,994,000 / 38,200,000)) = 480.34
2020: ($194.51 / ($1,599,000 / 380,000,000)) = 809.28
2019: ($190.56 / ($2,083,000 / 380,000,000)) = 869.20
Debt-to-total-equity ratio:
The = total liabilities divided by common shareholders' equity. 2022: $20,268,000 / $16,616,000 = 1.22
2021: $19,754,000 / $14,877,000 = 1.33
2020: $21,246,000 / $13,084,000 = 1.62
2019: $17,360,000 / $12,807,000 = 1.35
Equity Name- B l a c k R o c k I n c.
Ticker- BLK
CUSIP- 09247X101
Metric
2022
2021
2020
2019
Average Stock Price
$2,450
$2,153
$1,542
$1,109
Gross Profit
$8,473 M
$7,718 M
$6,771
M
$6,365M
Operating Income
$3,271 M
$2,945 M
$2,418
M
$2,216 M
Common Stock Dividends Paid
$0
$0
$0
$0
Common Shareholders’ Equity
(- $3,539)
M
(-$1,798)
M
(-$878)
M
-$1,617
M
Net Income
$2,430 M
$2,170 M
$1,733
M
$1,617 M
Total Liabilities and Shareholders’ Equity
$15,275 M
$14,516 M
$14,424
M
$9,896 M
Total Assets
$15,275 M
$14,516 M
$14,424
M
$9,896 M
Number of Shares Outstanding
21M
23M
24M
25M
Long-term Debt
$6,122 M
$5,270 M
$5,513
M
$5,206 M
Total Liabilities
$18,814 M
$16,314 M
$15,302
M
$11,610
M
Dividend Payment Annual (Common and
Preferred)
$0
$0
$0
$0
Total Asset Growth:
Total Asset Growth = (Total Assets in Current Year - Total Assets in Previous Year) / Total Assets in Previous Year x 100
2021, Total Asset Growth = (14516-14424) / 14424 x 100 = 0.64%
2020, Total Asset Growth = (14424-9896) / 9896 x 100 = 45.90%
2019, Total Asset Growth = (9896-9896) / 9896 x 100 = 0%
Return on Equity (ROE):
ROE = Net Income / Average Shareholders' Equity x 100 2021, ROE = 2170 / (-1798 - -878) / 2 x 100 = -62.01%
2020, ROE = 1733 / (-878 - -1617) / 2 x 100 = -141.57%
2019, ROE = 1617 / (-1617 - 1165) / 2 x 100 = -95.32%
Return on Assets (ROA):
ROA = Net Income / Total Assets x 100 2021, ROA = 2170 / 14516 x 100 = 14.95%
2020, ROA = 1733 / 14424 x 100 = 12.01%
2019, ROA = 1617 / 9896 x 100 = 16.34%
Book Value per Share:
Book Value per Share = Shareholders' Equity / Number of Shares Outstanding 2021, Book Value per Share = (-1798) / 23 = -$78.17
2020, Book Value per Share = (-878) / 24 = -$36.58 2019, Book Value per Share = (-1617) / 25 = -$64.68
Price-to-Earnings (P/E) Ratio:
P/E Ratio = Stock Price / Earnings per Share
2021, P/E Ratio = 2450 / (2170 / 23) = 26.69
2020, P/E Ratio = 2153 / (1733 / 24) = 27.84
2019, P/E Ratio = 1542 / (1617 / 25) = 24.08
Debt-to-Total-Equity Ratio:
Debt-to-Total-Equity Ratio = Total Liabilities / Shareholders' Equity
2021, Debt-to-Total-Equity Ratio = 18814 / -1798 = N/A (negative equity) 2020, Debt-to-Total-Equity Ratio = 15302 / -878 = N/A (negative equity) 2019, Debt-to-Total-Equity Ratio = 1165 / -1617 = N/A (negative equity)
X
F o r d M o t o r C o m p a n y
Ticker
F
CUSIP
345370860
Year
2022
2021
2020
2019
AVERAGE
STOCK Price
$156.62
$247.68
$62.50
$18.12
GROSS
PROFIT
$13,847,000
$15,854,000
$795,000
$60,000
OPERATING
INCOME
$9,420,000
$13,296,000
$763,000
$546,000
Common Stock
Dividends Paid
$0
$0
$0
$0
Common Shareholders
Equity
$19,123,000
$14,145,000
$2,561,000
$1,175,000
Net Income
$8,362,000,000
$12,202,000,000
($747,000,000)
($514,000,000)
Total Liabilities and
Shareholders Equity
$25,858,000,00 0
$24,669,000,000
$7,337,000,000
$1,590,000,000
Total Assets
$25,858,000,00
0
$24,669,000,000
$7,337,000,000
$1,590,000,000
Number of
Shares Outstanding
416,000,000
431,000,000
381,000,000
331,000,000
Long-term
Debt
$912,000,000
$599,000,000
$110,000,000
$39,000,000
TOTAL
$6,735,000,000
$10,524,000,000
$4,776,000,000
$415,000,000
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LIABILITIES
Dividend Payment Annual (Common and
Preferred)
$0
$0
$0
$0
Total asset growth:
2022: (25,858,000,000 - 24,669,000,000) / 24,669,000,000 = 4.80%
2021: (24,669,000,000 - 7,337,000,000) / 7,337,000,000 = 236.43%
2020: (7,337,000,000 - 1,590,000,000) / 1,590,000,000 = 360.38%
2019: N/A (no previous year data total assets)
Return on Equity ():
2022: 8,362,000,000 / 19,123,000 = 43.69%
2021: 12,202,000,000 / 14,145,000 = 86.30%
2020: (-747,000,000) / 2,561,000 = -29.14%
2019: (-514,000,000) / 1,175,000 = -43.66%
Return on Assets ():
2022: 8,362,000,000 / 25,858,000,000 = 32.28%
2021: 12,202,000,000 / 24,669,000,000 = 49.44%
2020: (-747,000,000) / 7,337,000,000 = -10.18%
2019: (-514,000,000) / 1,590,000,000 = -32.33%
Book Value:
2022: 19,123,000 / 416,000,000 = $45.97
2021: 14,145,000 / 431,000,000 = $32.81
2020: 2,561,000 / 381,000,000 = $6.72
2019: 1,175,000 / 331,000,000 = $3.55
Price-to-Earnings (P/E) Ratio:
2022: $156.62 / (8,362,000,000 / 416,000,000) = 3.15
2021: $247.68 / (12,202,000,000 / 431,000,000) = 6.98
2020: $62.50 / ((-747,000,000) / 381,000,000) = N/A (negative earnings)
2019: $18.12 / ((-514,000,000) / 331,000,000) = N/A (negative earnings)
Debt-to-Total-Equity Ratio:
2022: $912,000,000 / 19,123,000,000 = 4.77%
2021: $599,000,000 / 14,145,000 = 4.24%
2020: $110,000,000 / 2,561,000 = 4.29%
2019: $39,000,000 / 1,175,000 = 3.32%
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Table Par
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田
Cari Farm
Industry
Performance Area
2018
2019
2020
2018
2019
2020
Leverage:
Assets/Equity
Debt/Equity (%)
Interest Coverage
0.81
1.21
0.92
1.00
1.20
1.15
101.3
81.5
81.6
73.0
77.0
81.0
1.63
2.78
2.04
4.00
3.50
3.30
Liquidity:
Current Ratio
1.22
1.49
1.45
2.00
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1.50
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1.10
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1.00
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10.81
15.60
15.71
15.80
Efficiency:
Revenue/Assets
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0.49
0.50
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0.62
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125 000,00 Jun
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R 48 935 000
R 49 004 000
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5
A
1
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B
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C
D
E
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1.500
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Investment in Hall Company at equity
statement of financial position:
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Fearsome Company showed the following comparative
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2020
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600,000
1,000,000
2,200,000
2,000,000
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400,000
350,000
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850,000
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1,500,000
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Accumulated depreciation
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400,000
12,500,000
9,000,000
Accounts payable
Note payable - long term
Bonds payable
Share capital, P100 par
Share premium
Retained earnings
Treasury shares, at cost
600,000
500,000
1,600,000
5,250,000
2,700,000
1,850,000
550,000
2,100,000
4,000,000
1,750,000
1,300,000
700,000)
12,500,000
9,000,000
Additional information for 2021
1. The net income for the current year was P3,050,000.
2. Cash dividend paid amounted to P2,500,000.
3. The entity sold equipment costing P200,000, with carrying
amount of P50,000, for P70,000 cash.
4. The entity issued…
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A. Belowis the Statement of Firancial Position of QM General Merchandise:
Increase
(Decrease)
2019
2020
Percentage
P 192,375
937,508
152,618
P1,282,500 P1,392,750
P 265,500
968,500
159,750
Curent Assets
Property, Plant, and Equipment
Other Assets
Total Assets
Liabilities
|Total Current Liabilities
Long-term debt
Owner's Capit al
Total Liabilities and Equity
P 220,590
491,198
570,713
P1,282,500 P1,392,750
P 225,450
460,250
706,950
Requirements:
Prepare a horizontal aralysis for QM General Merchandise.
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Consider 2021 consolidated balance sheet and income statement for Pfizer Corporation (PFE).
The company projects that its revenue for 2022 will grow at the annual rate of 50%.
> All assets are assumed to grow at the same rate as sales.
> All current liabilities are assumed to grow at the same rate as sales.
All operating expenses are assumed to grow at the same annual growth rate as sales.
All non-operating income/expenses as well as depreciation and amortization are assumed
to remain at the same level as they were in 2021.
For the time being, the company wants to keep its long-term debt at 2021 level.
Company plans to keep the same dividend payout ratio as it did in 2021.
Balance Sheet as of December 31, 2021
Assets
Liabilities and Owner's Equity
Current Assets
Current Liabilities
Cash & Short Term
31,069 Current Portion of Long Term Debt
1,636
Investments
11,479 Accounts Payable
9,059 | Income Tax Payable
8,086 Other Current Liabilities
Dividends Payable
Accrued Payroll
Notes Payable…
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2020 2019
Net sales $4,800 $5,600
Cost of goods sold $3,888 $3,637
Net income $77 $147
Accounts receivable $88 $109
Inventory $1,314 $1,239
Total assets $2,830 $3,170
Total common stockholders' equity $994 $980
Gross profit rate?
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will you recommend investing in Apple by buying stock?
September 24, 2022
September 25,2021
% Change
Total Net Sales($ in millions)
394328
365817
7.79%
Operating Income ($ in millions)
119437
108949
9.63%
EPS(Basic) ($)
6.15
5.67
8.47%
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Use the table for the question(s) below
Name
Gannet
New York Times
McClatchy
Media General 326
Lee Enterprises
Average
Maximum
Minimum
OA $6.52
OB $7.00
Market Enterprise
Capitalization Value
(5 million)
6350
2423
675
OC. $7.00
OD 17 24
267
1192
(5 million)
10,163
3472
3061
1724
14.89
Price/
Book
PIE
7.36
0.73
18.09 2.64
9.76 1.68
0.39
6.55 0.82
11.33
1.25
+60% 112%
-40% 69%
Enterprise
1.31
Valuel
Sales
1.4
1.10
1.40
1.57
1.35
+16%
-18%
Enterprise
7.65
Value/
EBITDA
The table above shows the stock prices and multiples for a number of firms in the newspaper publishing industry. Another newspaper publishing firm (not shown) had sales of $600 million, EBITDA
of $84 million, excess cash of $70 million, $11 milion of debt, and 120 million shares outstanding. If the average enterprise value to sales for comparable businesses is used, which of the following is
the best estimate of the firm's share price?
CIED
5.04
7.21
5.64
6.65
6.44
+22%
-19%
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