COMPARABLE COMPANIES ANALYSIS Sample Clauses

COMPARABLE COMPANIES ANALYSIS. Xxxxxx Xxxxxxx performed a comparable company analysis for each of Tudou and Xxxxx, which attempted to provide an implied value for Tudou and Youku by comparing them to similar companies. These companies were selected based upon the experience and judgment of Xxxxxx Xxxxxxx and do not include all publicly traded internet companies. These companies were selected as comparables because they are publicly traded companies operating in the China internet industry and based upon certain criteria including but not limited to company size and strategic positioning. For purposes of its analysis, Xxxxxx Xxxxxxx reviewed and compared certain publicly available and internal financial information, ratios and available public market multiples relating to Tudou and Youku, which were based on both equity research analyst projections ("Wall Street Projections") and projections and guidance provided by the respective managements of Tudou and Youku ("Management Projections"), to corresponding financial data for selected publicly traded companies. The companies included in the Tudou comparable companies analysis were: •
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COMPARABLE COMPANIES ANALYSIS. Bear Xxxxxxx developed a set of comparable public companies and compared certain information to the Company's Mainland Residential segment. The set of comparable companies was developed after reviewing the following factors, among others: business comparability and market segmentation, relative size of market capitalization and liquidity, growth parameters and other relevant business and financial
Sample 1
COMPARABLE COMPANIES ANALYSIS. Prudential employed a comparable companies analysis, based on publicly available historical financial results, to establish the following:
Sample 1
COMPARABLE COMPANIES ANALYSIS. Bear Xxxxxxx used the same set of comparable public companies it developed for the Mainland Residential segment analysis (see Mainland Residential segment analysis for full discussion) and compared certain information to the Company's Hawaii Residential segment.
Sample 1
COMPARABLE COMPANIES ANALYSIS. Bear Xxxxxxx used the same set of comparable public companies it developed for the Mainland Commercial segment analysis (see Mainland Commercial segment analysis for full discussion) and compared certain information to the Company's Hawaii Commercial segment. Bear Xxxxxxx noted that this segment should be valued toward the lower range of comparable companies due to the overall softness of the commercial and retail market, the lesser quality of the assets and the above-average risk of the underlying projected cash flows.
Sample 1
COMPARABLE COMPANIES ANALYSIS. Bear Xxxxxxx developed a set of comparable public companies and compared certain information to the Company's Xxxx'i segment. While Bear Xxxxxxx did not believe the Xxxx'i segment was particularly comparable to any public company, Bear Xxxxxxx did examine a set of lodging companies which consists of the following: - Choice Hotels - Hilton Hotels - Prime Hospitality - Four Seasons Hotels - Marriott Intl. Inc. - Starwood Hotels & Resorts This set of comparable companies includes information such as share price as a multiple of latest twelve months EPS, projected 2000 EPS and book value and enterprise value as a multiple of latest twelve months and projected 2000 EBITDA. When deriving multiples on projected measures of financial performance, Bear Xxxxxxx based the estimates of future financial performance on Wall Street research analyst estimates. The following table sets forth the comparable companies analysis for the Xxxx'i segment:
Sample 1
COMPARABLE COMPANIES ANALYSIS. The comparable company trading analysis provides a market valuation benchmark based on the common stock trading multiples of selected comparable companies. For this analysis, Lehman reviewed the public stock market trading multiples for selected regional mall real estate investment trusts ("REIT") with financial and operating characteristics that Lehman deemed to be comparable to the Company, including (i) CBL & Associates Properties, Inc., (ii) General Growth Properties, Inc., (iii) JP Realty Inc., (iv) The Macerich Company, (v) The Xxxxx Company, (vi) Simon Property Group Inc. and (v) Taubman Centers Inc. Using publicly available information, Lehman calculated and analyzed each company's Net Debt to Firm Value Ratio, EBITDA to Firm Value Ratio, 2001 and 2002 FFO Multiples and Current Dividend Yield. Net Debt To Firm Value Ratio is derived by dividing a company's Net Debt (long-term debt minus cash on hand) by its Firm Value (sum of the market value of the common equity and the value of the preferred stock). EBITDA to Firm Value Ratio is derived by dividing a company's EBITDA (earnings before interest, taxes, depreciation and amortization expenses) by its Firm Value. The 2001 and 2002 FFO Multiples are derived by dividing a company's 2001 or 2002 FFO estimates (defined by The National Association of Real Estate Investment Trusts as "net income" computed in accordance with generally accepted accounting principles, excluding gains or losses from debt restructuring and sales of property, plus depreciation of real property, and after adjustments for unconsolidated entities in which the subject REIT holds an interest) by its current share price. The 2001 and 2002 FFO estimates are based on those published by First Call Corporation. Current Dividend Yield is derived by dividing a company's current annualized dividend by its current share price. This analysis indicated that current ranges of multiples derived from the comparable companies were: (i) Net Debt to Firm Value: 47.9% to 65.4%; (ii) EBITDA to Firm Value: 7.4% to 9.9%; (iii) projected 2001 and 2002 FFO Multiples of: 6.7x to 8.2x, and 6.1x to 7.2x; respectively; and (iv) dividend yield: 5.1% to 10.7%. Xxxxxx'x analysis indicated that at the offer price of $16.25 per Share, the Company's Net Debt to Firm Value was 60.4%, EBITDA to Firm Value was 8.0%, projected 2001 and 2002 FFO was 8.5x and 8.1x, respectively and dividend yield was 9.1%. Accordingly, each of the valuation measures put the Company in the ...
Sample 1
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Related to COMPARABLE COMPANIES ANALYSIS

  • Independent Analysis Each Party hereby confirms that its decision to execute this Agreement has been based upon its independent assessment of documents and information available to it, as it has deemed appropriate.

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  • Quality Assurance The parties endorse the underlying principles of the Company’s Quality Management System, which seeks to ensure that its services are provided in a manner which best conforms to the requirements of the contract with its customer. This requires the Company to establish and maintain, implement, train and continuously improve its procedures and processes, and the employees to follow the procedures, document their compliance and participate in the improvement process. In particular, this will require employees to regularly and reliably fill out documentation and checklists to signify that work has been carried out in accordance with the customer’s specific requirements. Where necessary, training will be provided in these activities.

  • Fund Valuation and Financial Reporting Services (1) Account for Fund share purchases, sales, exchanges, transfers, dividend reinvestments, and other Fund share activity as reported by the Fund’s transfer agent on a timely basis. (2) Apply equalization accounting as directed by the Fund. (3) Determine net investment income (earnings) for the Fund as of each valuation date. Account for periodic distributions of earnings to shareholders and maintain undistributed net investment income balances as of each valuation date. (4) Maintain a general ledger and other accounts, books, and financial records for the Fund in the form as agreed upon. (5) Determine the net asset value of the Fund according to the accounting policies and procedures set forth in the Fund’s current prospectus. (6) Calculate per share net asset value, per share net earnings, and other per share amounts reflective of Fund operations at such time as required by the nature and characteristics of the Fund. (7) Communicate to the Fund, at an agreed upon time, the per share net asset value for each valuation date. (8) Prepare monthly reports that document the adequacy of accounting detail to support month-end ledger balances. (9) Prepare monthly security transactions listings.

  • Investment Analysis and Commentary The Subadviser will provide quarterly performance analysis and market commentary (the “Investment Report”) during the term of this Agreement. The Investment Reports are due within 10 days after the end of each quarter. In addition, interim Investment Reports shall be issued at such times as may be mutually agreed upon by the Adviser and Subadviser; provided however, that any such interim Investment Report will be due within 10 days of the end of the month in which such agreement is reached between the Adviser and Subadviser. The subject of each Investment Report shall be mutually agreed upon. The Adviser is freely able to publicly distribute the Investment Report.

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