Abstract
The purpose of this report is to valuate the share of Qantas (ASX enrol: QAN) using top-down fundamental analysis. The first stones throw of this military rating is to analyze the macroeconomic factors which affect share outlays. The second step is to evaluate the domestic airline industry in term of its performance and competitive forces. As the final step, a circumstantial analysis of the companys st footstepgies and financial health is undertaken. On the basis of the estimated intrinsic value of the share, a recommendation of vocation in this stock is provided.
Table of Content
be given of Figures1
List of Tables2
1. macroeconomic Analysis3
1.1 International Economy3
1.1.1 GDP3
1.1.2 Major regimen Bond Yield and Interest Rate Analysis7
1.2 Australian Economy10
1.2.1 Australian GDP10
1.2.2 Unemployment rate10
1.2.3 Interest rate and government bond11
1.3 Stock Market13
1.4 Oil price14
2. Industry15
2.1 Qualitative Analysis - Porters matched Forces15
2.1.1 Threat of New Entrants15
2.1.2 talk terms Power of Buyers15
2.1.3 Rivalry amongst Existing Competitors15
2.1.4 Threat of Substitute Products or Services16
2.1.5 Bargaining Power of Supplier18
2.2 Quantitative Analysis and Forecasts18
3. Company Analysis20
3.
1 Company profile20
3.2 Company strategies20
3.3 Swot Analysis21
3.4 proportion Analysis22
3.4.1 Liquidity dimension22
3.4.2 Risk Analysis Ratio23
3.4.3 Efficiency Ratio23
3.4.4 Profitability Ratio24
3.4.4 Du Pont Analysis25
3.5 rating26
3.5.1 Free Cash Flow Model26
3.5.1.1 Assumption of inputes into the illustration26
3.5.2 Earnings Multiplier Approach31
3.5.3 Summary of valuations33
4. Recommendation34
List of Figures
Figure 1.1 - Global GDP Growth4
Figure 1.2 - unify States GDP Growth Rate5
Figure 1.3 - Euro Area...If you want to thump a full essay, order it on our website: Orderessay
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