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 138 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. Tudou Comparable Companies Analysis The companies included in the Tudou comparable companies analysis were: •
Sample 1Sample 2
AutoNDA by SimpleDocs
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. 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 developed a set of comparable public companies and compared certain information to the Company's Mainland Commercial 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 characteristics. Bear Xxxxxxx noted that nearly all of the public companies in the commercial real estate sector are real estate investment trusts ("REIT") and therefore have different accounting, tax and operating structures. This set of comparable companies includes office and retail real estate companies and consists of the following companies:
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
AutoNDA by SimpleDocs
COMPARABLE COMPANIES ANALYSIS. Prudential employed a comparable companies analysis, based on publicly available historical financial results, to establish the following:
Sample 1

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.

  • Money Market Fund Compliance Testing and Reporting Services Subject to the authorization and direction of the Trust and, in each case where appropriate, the review and comment by the Trust’s independent accountants and legal counsel, and in accordance with procedures that may be established from time to time between the Trust and the Administrator, the Administrator will:

  • Escrow Analysis If applicable, with respect to each Mortgage Loan, the Seller has within the last twelve months (unless such Mortgage was originated within such twelve month period) analyzed the required Escrow Payments for each Mortgage and adjusted the amount of such payments so that, assuming all required payments are timely made, any deficiency will be eliminated on or before the first anniversary of such analysis, or any overage will be refunded to the Mortgagor, in accordance with RESPA and any other applicable law;

  • Investment Analysis and Implementation In carrying out its obligations under Section 1 hereof, the Advisor shall:

  • Quality Assurance Licensee agrees that all use of the Licensed Subject Matter shall be only upon the Products manufactured by or for Licensee in accordance with quality standards approved by Licensor prior to the commencement of manufacturing of the Products. Licensee shall submit for Licensor's sole and absolute approval the type of cereal, the name of cereal, the packaging design, advertising material, and all other materials to be used in connection with the Products subject to the sole and absolute approval of Licensor which shall not be unreasonably delayed or withheld.

  • 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.

  • 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.

  • Financial Resources The Adviser has the financial resources available to it necessary for the performance of its services and obligations contemplated in the Pricing Disclosure Package, the Prospectus, and under this Agreement, the Investment Management Agreement and the Administration Agreement.

  • Research Analyst Independence The Company acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Company may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company by such Underwriters’ investment banking divisions. The Company acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

  • Reverse Engineering The Licensee shall not reverse engineer, decompile or disassemble the object code version of the Computer Program without the prior written approval of the Licensor.

Time is Money Join Law Insider Premium to draft better contracts faster.