Project Report: Finance

Running Head: Finance
1
Project Report: Finance

Finance
2
Executive summary:
The report focuses on the estimated free cash flows of Woolworths limited. The buy and sell
recommendation has mainly been studied in the report. The financial statement of last 5 years has
been estimated to measure the total cash flows so that the estimated free cash flows of the business
could be measured. On the basis of the overall study, it has been estimated that the intrinsic value of
the business is higher than the market price and thus the company is better choice for the purpose of
investment. The growth rate of the business is also higher than the GDP growth rate which also make
the company a better choice.

Finance
3
Contents
Introduction:.....................................................................................................................4
Company overview:..........................................................................................................4
Dividend cash flow approach:..........................................................................................4
Growth drivers:.................................................................................................................8
Main risk:..........................................................................................................................8
Recommendation and conclusion:....................................................................................9
References:.....................................................................................................................10