The report focuses on the financial performance of L brands. The dividend payout ratio of the company has been calculated and it has been found that the company is following the variable dividend approach. The last 5 years financial statement of the company has been measured and found that the company has repurchased the shares at great % in last 5 years in order to manage the capital structure and manage the capital market position of the company. On the basis of the FCFE analysis, it has been found that the intrinsic price of the company is USD 41.52 whereas the market price is USD 33.85 which explains that the stock price of the company is undervalued and company is not required to pay this much of dividend. Read more at Desklib.
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