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(Doc) Finance for Business : Assignment

   

Added on  2021-06-14

15 Pages3998 Words22 Views
Running Head: Finance for business 1Finance for business

Finance for business 2ContentsIntroduction.......................................................................................................................31. Company description....................................................................................................32. Ownership governance structure..................................................................................33. Fundamental ratios........................................................................................................54. Share evaluation............................................................................................................95. Factors which affect the share price...........................................................................106. Beta and equity return calculations.............................................................................107. WACC........................................................................................................................118. Debt ratio....................................................................................................................129. Dividend policy..........................................................................................................1210. Recommendation......................................................................................................1311. References.................................................................................................................14

Finance for business 3Introduction:Financial analysis on the stock price and the financial statement of an organization is one of the important aspects on an organization and the stockholders’ of the organization. This study explains about the current worth of the organization in the market and the future trend of the business. Financial analysis study is conducted by the companies and the investors to measure the performance of the company so that they could reach over a conclusion about the company (Hogarth and Makridakis, 2011). In the report, the financial statement and the stock price of Qantas limited has been calculated to measure the performance of the company. The report has been prepared to offer a recommendation to the investors of the company about the investment into the company. For identifying the position of the company, annual report of the company has been studied and the governance structure, interest rate, tax rate etc has been evaluated. Further, various articles and analysis websites have been identified and the worth of the company has been evaluated. 1.Company description:Qantas limited is an aviation firm which is situated in the Australia. The company runs its activities and operations at domestic level as well as international level. The company is offering its services through various segments. The mains segment of the company are Jetstar, Qantas international, Qantas loyalty, Qantas freight etc. All of this segment offers the different services and offers to the customers of the company (Reuters, 2018). Bloomberg (2018) explains that the corporate strategies of the company have been changed from earlier and the current strategies have helped the company to change the operations and the performance of the company at a great level. The company has been founded in 1920 and from that time, it is serving the best aviation services in the Australian market as well as at international market. The fleet size of the company is 124 and it is oldest Australian aviation firm. The current annual report (2017) of the company briefs that various changes have occurred into the financial position of the company in last few years. However, the current performance of the company is quite competitive. 2.Ownership governance structure:i)Main shareholders of the company:

Finance for business 4Ownership governance structure is a policy which explains about the stock of the company and the stockholders of the company. It explains that whether the company is following a proper structure of ownership into the company or not. On the basis of the annualreport (2017), it has been found that the only one stockholder of the company i.e. HSBC Custody Nominees (Australia) Limited has more than 20% ownership in the company. The company has around 40.21% of total stock of the company. HSBC Custody Nominees (Australia) Limited is a company and it is not connected with main people and directors of the company in any way (Annual report, 2018). Further, it has been found that there are only 3 companies who are having more than 5% holdings in the share of the company. On the basis of the evaluation on the company, it has been found that the ownership governance structure of Qantas airways limited is quite better. Figure 1: Shareholder information(Annual report, 2017)ii)Main people of the company:The main people of the company are Leigh Clifford AO, who is chairman of the company, Alan Jayce who is chief executive officer (CEO) of Qantas limited, Tino La Spina, Andrew David, Gareth Evans, Lasley Grant and Jayce Hardicka are the main board of the directors of Qantas limited.

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