1 / 9

Understanding the Non-Store Retail Industry and Abnormal Growth Models

This document explores the non-store retail industry, which includes companies selling products through catalogs, online platforms, and media channels such as television and radio. It examines the unique characteristics of these companies, highlighting their low inventory levels and role as intermediaries in sales transactions. Additionally, it delves into various financial modeling techniques, including the Free Cash Flow (FCF) Model, Residual Income Model, and Abnormal Growth Model, addressing potential issues and assumptions that may impact market enterprise valuations.

kaya
Télécharger la présentation

Understanding the Non-Store Retail Industry and Abnormal Growth Models

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Mod VIII Luke Friedman

  2. Industry Definition • Comprised of companies that sell products through “non-store” channels, including catalogs, online sales, television, and radio • Products and services are delivered through the mail • Companies in this industry typically have low amounts of inventory and commonly act as the “middle-man” in sales transactions

  3. Abnormal Growth

  4. Equation & Interpretation • Equation • Focus • English • What does it mean?

  5. FCF MODEL

  6. Residual Income Model

  7. Abnormal Growth Model

  8. Conclusion and Q&A • Issues • Assumptions FCF—no where near Market Enterprise Value • Steady State—FCF, REI, and specifically Abnormal Growth • “t+1” • Why Adjusted Assumptions • Sole Survivorwill not perpetually liquidate • Demand for hard-cover books • No analyst sell recommendations • ???

More Related