Analysis Using Annual Reports From 2 Companies (In A Similar Market Segment) Companies need to be analyzed: 1. Under Armour 2. Hanesbrand Analyze above 2 companies in this project. Please see the instruction page.

Category: Business
Due Date: 07/03/2021
Willing to Pay: $70.00
Instruction
Find and use annual reports for both companies along with any other sources you believe would be relevant to this project. After completing your analysis of both companies, recommend which 1 of these 2 companies is the stronger company going forward and therefore the one an investor should invest in and provide your rationale for this recommendation. It should be based on your analysis of the company’s financial statements and other sources (assume the investor only wants to invest in 1 of the 2 companies being analyzed) so you need to determine and explain which of the 2 companies would be the superior investment. Refer to and use all of the following from both companies’ annual reports and/or 10-K filings to include: • Each company’s financial statements (Income statement, Balance sheet, Cash flow, Stockholders’ Equity). • The identified risks addressed in the annual reports. • The Management Discussion & Analysis (MD&A) section. • The notes to the financial statements addressed in the annual reports. • Balance sheet with particular focus on Goodwill/Intangible Assets. • External auditor’s assessment re. the quality of the company’s financial accounting/reporting. • Any other sections of the annual report that you believe are relevant to your analysis. You must extract all financial information regarding the companies you analyze from their annual reports and calculate the relevant ratios independently. Do not base these ratios on how someone else has calculated them. Some key elements (but not an all-inclusive list) to this analysis follow: 1) For both companies, compare, contrast, and evaluate the following over a minimum of at least the past 5 years: a. ROI performance b. Liquidity c. Critical working capital/PP&E turnover efficiency d. Overall Balance sheet efficiency e. Market perception/valuation of the companies f. Dividend payout comparison g. Debt ratios h. Cash flow performance (Operating, Investing, Financing, & Free Cash Flow) i. Cash Conversion Cycle j. Profitability performance/efficiency k. Goodwill l. Common size and/or horizontal analysis for each company addressing key elements within the company’s: i. Income statement ii. Balance sheet Provide a separate schedule showing the basis for each of these calculations. Regarding the ratios addressed above, refer to the Module 3 slides posted into Blackboard as you work on this project. 2) The critical challenge you will face in this project is how to interpret and apply ratios and whatever other data you believe is relevant to attempt to project future performance by the company(s) being evaluated (and therefore determine which company might be a good vs. poor investment). Keep in mind…past performance is already priced in the stock. If you are making an investment recommendation, it is because you think the company will continue to grow in the future and therefore experience stock price growth in the coming years. Accordingly, I do not want your analysis to simply regurgitate a series of numbers and ratios (and their definitions). Instead, I want to know what you deem to be most relevant (and why) which enabled your team to make its recommendation. Keep in mind calculating ratios based on an analysis of a company’s financial statements provides additional visibility into the efficiency of a company. Explain whether the ratio results and multi-year ratio trends are positive or negative for each item. 3) Make sure you address your assigned companies’ cas

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