第1页共10页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第1页共10页WoolworthsLtd:AFinancialAnalysisSubmittedby8October2010第2页共10页第1页共10页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第2页共10页TableofContents1.0ExecutiveSummary...................................................................................................................32.0Introduction................................................................................................................................33.0KeyObjectives...........................................................................................................................44.0Theoreticalbackground.............................................................................................................45.0Researchmethodology...............................................................................................................46.0Researchfindings.......................................................................................................................56.1Geographicalcomparison...................................................................................................56.1.1EuropeanUnion.......................................................................................................56.1.2TheUnitedStates.....................................................................................................56.1.3Canada......................................................................................................................66.1.4Korea........................................................................................................................66.2ComparisonofadoptingIFRSbeforeandafterthecrisis..................................................66.2.1AdoptionofIFRS–thecasesoftheUnitedStates..................................................66.2.2.Korea.......................................................................................................................77.0ResearchLimitations.................................................................................................................88.0ConclusionandRecommendations............................................................................................89.0References..................................................................................................................................910.0Reportreflection....................................................................................................................10第3页共10页第2页共10页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第3页共10页1.0ExecutiveSummaryThisreportstudiesthefinancialstatementofWoolworthsandprovidesavaluationforthecompany,applyingtheapproachsuggestedinthecorporatefinanceliterature,forinstance,BredleyandMyers(2003).EmpiricalanalysisshowedthatWoolworthsisadefensivestockbyapplyingregressionanalysistothemarketreturns.Basedonthemarketdata,thefairvaluationofthefirmisA$xx.Comparedtothecurrentmarketprice,itisxx%above/belowthefairvaluationbasedonassumptionsdrawnfromhistoricalmarketdataandfinancialreports.Thefirmisthereforeundervalued/overvalued.2.0IntroductionThissubmissionservesforseveralpurposes.HistoricalpricedataofthecompanyandtheboardmarketindexaredrawnfromYahoo!Financetoclass...
