Essay About Value Of A Commercial Firm And Electronic Arts

Ea Sport
Electronic Arts – Enterprise ValuationYvan Kirassian*Ha-Phong Nguyen*Alexandre Pauli*Valentin Pisa*REPORT  I N F ODue Date: March 17 2015Keywords:Enterprise valuationEquity valueAPV methodWACC methodA B S T R A C TIn this assignment, we estimated the value of a commercial firm using publicly available accounting information. We computed both enterprise value and equity value. To perform the valuation, we used the historical financial data, and made our own assumptions in order to forecast the cash flows. We valued the company using both the WACC and APV method.© 2015 UNIL. All rights reserved.   [pic 1]ContentsList of Figures        List of Tables        Chapter 1        Business overview        1.1        Enterprise presentation        1.2        SWOT analysis        1.3        Competitors        Chapter 2        Inputs        2.1        Historical FCFs        2.2        Main forecasts        Chapter 3        Weighted Average Cost of Capital        3.1        The cost of equity rE        3.2        The cost of debt rD        3.3        Proportion of debt        3.4        Determination of the WACC        3.5        Valuation of Electronic Arts using WACC        Chapter 4        Adjusted Present Value Method        4.1        Value of the firm without leverage        4.2        Valuing the interest tax shield        4.3        Value of the levered firm        Chapter 5        Electronic Arts valuation results        5.1        Enterprise valuation results        5.2        Sensitivity analysis        Chapter 6        Conclusion        Chapter 7        Bibliography