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FINANCIAL ANALYSIS
PROJECT
(指导留学生财务会计作业Test de contrôle continu)
to be handed to your Class Representative
on ______________________
This deadline MUST be respected
ATTENTION : NO REPORT WILL BE ACCEPTED BY E-MAIL
INSTRUCTIONS
The name of the company you have been assigned to analyse
is on the slip of yellow paper you drew in class, along with its website address.
Locate the company's latest annual report, which will be referenced under a title resembling "Investor Relations" somewhere on the company's home page.
Prepare a 3 page (not 6 sides) report which answers ALL of the questions below.
Include as an annexe the company's four obligatory financial statements, but DO NOT COPY TEXT from the company : use your OWN words, and express your PERSONAL OPINION.
1) INTRODUCTION (keep it short)
What does this company sell? Find some other companies competing in the same business.
How well do you think your company is doing in relation to its competitors?
2) PROFITABILITY
Is this a profitable company? Has it been consistently profitable in the past?
Do you think it will be profitable in the near future?
Based on last year's annual report, and on this year's latest quarterly (or half-year) report if the fiscal year-end was more than 3 months ago, make a numerical estimate of the net income for the current fiscal year.
3) SOLVENCY
What is the level of risk of this company becoming insolvent? Be specific.
What proportion of its assets are financed by debt upon which interest is being paid?
What is its liquidity position?
Is it making money? How do you know?
4) BUSINESS FACTORS
What are the main business risks this company faces? (Explain, don't just copy the list)
Look at the company's recent revenue trends, in particular the analysis by geographical area and/or business activity. What do these figures tell you?
What useful non-financial information can you find on the company's website.?
5) STOCKMARKET INFORMATION
Who are the owners of this company? Would you recommend buying shares?
Would you recommend doing business with this company? Give reasons for your answers.
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