1 / 11

Industry Definition

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

nell-moran
Télécharger la présentation

Industry Definition

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. 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

  2. Benchmark • Closing Price 1/24/2014: $16.75

  3. NEA Multiple Buy

  4. NEA Multiple without Apple Buy

  5. Sales Multiple Buy

  6. Market to Book Multiple Buy

  7. Market to Book Multiple Without AMNZ Buy

  8. Website Traffic Multiple • Alexa.com—ranked top 500 trafficked websites in USA • AMZN—5 • BKS—221 • AAPL—29 • EBAY—9 • Take 500 less rank to adjust size to reward more trafficked sites • purpose: find value derived from web traffic

  9. Adjusted Alexa Buy

  10. Conclusion and Q&A • Confidence: slim to none • Benefit from averaging multiples much larger than its own • Reason: industry definition—far too expansive • APPL one of largest market caps in world • ???

More Related