The document provides an overview of 3M Company, a diversified technology company with over 35 business units organized into six sectors. In 2011, 3M reported $30 billion in global sales, with 66% from international markets. Key financial objectives include 9-11% earnings growth and 4-6% organic revenue growth through 2020. 3M aims to increase innovation through R&D investments averaging 5.3% of sales annually and derive 30% of sales from new products. Risks include currency volatility and weak economic conditions in some markets. 3M maintains a strong financial position with over $4.5 billion in cash flows and low debt.
This is an analysis on Apple's Financial condition in 2013 where there's an excess cash and recommendation on how to do financial decision based on the condition.
This is an analysis on Apple's Financial condition in 2013 where there's an excess cash and recommendation on how to do financial decision based on the condition.
Business recommendations and statistical analysis based on previous patient data using excel. Used a simple linear regression and a multiple linear regression to find out the specific quantitative relationship between the target variable and the explanatory variables. The multiple regression analysis provided insights on which explanatory variables have a major influence on the target variable, the Total Cost to the Hospital. Previous patient data was not enough to determine the cost to hospital.
Apple INC.: Managing a Global Supply ChainAyesha Majid
As part of her analysis of Apple’s stock, she wanted to look at the company’s supply chain to see if she could gain some insight into the pros and cons of Apple as a key holding in BXE’s fund. When. Apple Computer was founded on April 1, 1976, by Steve Jobs, Steve Wozniak and Mike Markkula to manufacture and distribute desktop computers.
Business recommendations and statistical analysis based on previous patient data using excel. Used a simple linear regression and a multiple linear regression to find out the specific quantitative relationship between the target variable and the explanatory variables. The multiple regression analysis provided insights on which explanatory variables have a major influence on the target variable, the Total Cost to the Hospital. Previous patient data was not enough to determine the cost to hospital.
Apple INC.: Managing a Global Supply ChainAyesha Majid
As part of her analysis of Apple’s stock, she wanted to look at the company’s supply chain to see if she could gain some insight into the pros and cons of Apple as a key holding in BXE’s fund. When. Apple Computer was founded on April 1, 1976, by Steve Jobs, Steve Wozniak and Mike Markkula to manufacture and distribute desktop computers.
Quadrant 4 Systems Corporation (OTC: QFOR; Twitter: $QFOR) is the next generation entrepreneurial project of a team of accomplished IT industry veterans. The principals have built technology business enterprises from start up, grown organically and exited after creating shareholder value. The principals of Quadrant 4 cumulatively bring over 5 decades of entrepreneurial, technical and management expertise that are core to the success of building its next generation Information Technology (IT) services business.
La presentazione ha come obiettivi quelli di:
- Descrivere la presenza online di Aspirina
- Confrontare la sua presenza online con quello del suo concorrente (Tachipirina)
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
2. Company Profile
Capital Structure
Dividend Policy
Valuation
Strategic Finance 23.11.2012 2
3. 3M is a diversified technology company serving customers
and communities with innovative products and services.
More than 35 business units, organized into six
businesses:
Consumer and Office
Display and Graphics
Electro and Communications
Health Care
Industrial and Transportation
Safety, Security and Protection Services
Strategic Finance 23.11.2012 3
4. Year-end 2011:
Global sales: $30 billion
International (non-US) sales: $19.5 billion (66% of
total)
Operations in more than 65 countries
Products sold in nearly 200 countries
84,000 employees globally
Five-year financial objectives:
9% to 11% growth in earnings per share
4% to 6% organic revenue growth
More than 20% return on invested capital
100% free cash flow conversion
Strategic Finance 23.11.2012 4
5. Global expansion:
◦ Emerging countries as a long-term growth opportunity
◦ Planed investment in China: $50 million in the next five years
◦ Increase annual sales in China from 15% to 20%
R&D Investments
Year Mil. USD % of sales
Innovation revenue
◦ Development of new products 2011 1,570 5.30
◦ About 30% of 3M‘s total sales are
2010 1,434 5.38
currently derived from products
introduced within the last 5 years. 2009 1,293 5.59
◦ 3M is one of the most innovative 2008 1,404 5.56
companies in the world, after Apple 2007 1,368 5.50
and Google.
Strategic Finance 23.11.2012 5
6. Rising energy and facility costs:
Negative effect on prices of raw materials, increasing cost and
reducing operating margins
Environmental regulations
Increase of “environmental remediation” costs, recorded at
$28 Million by December 31 2011
Development of additional Prevention Programs
Currency risk
Currency exchange rates volability may affect the achievement
of projected growth rates in sales and earnings.
Economic Conditions
Weak economic conditions in certain markets, resulting in
lowering of inventory levels by customers.
Strategic Finance 23.11.2012 6
7. Other borrowing 2
6
Long Term Debt
USD fixed 71 2010
68
27 Long Term Debt
Eurobond
26 2011
0 20 40 60 80
At December 31 (USD Mil.) 2011 2010
Total debt 5,166 5,452
- Cash, cash equivalents and marketable securities 4,576 5,018
= Net Debt 590 434
Strategic Finance 23.11.2012 7
8. Million $
Free Cash Flow
4100
4050
4000 CAGR=-1,7%
3950
3900
3850
3800
2009 2010 2011
• The reason why the Free Cash Flow decreased depend on the
Capital spending. Capital Spending increased to $1.379 billion
in 2011, compared to $1.091 billion in 2010 and $903 million in
2009.
• In 2011, a large portion of the investment is addressing supply
constraints in a number of businesses with significant growth
potential.
Strategic Finance 23.11.2012 8
9. Cash Flow from Operating Activities
In 2011, cash flows provided
5300 by operating activities
increased $110 million
5200
CAGR=3,4% compared to 2010. The main
Million $
5100 positive contribution to
5000
operating cash flows related
to year-on-year increases in
4900 net income including
4800
noncontrolling interest.
4700
2009 2010 2011
3M maintain high cash balances,
because cash is a risk-free asset that
reduces the average risk of the firm’s
assets
Strategic Finance 23.11.2012 9
10. Debt/Equity ratio indicates
Debt/Equity Ratio
what proportion of equity and
0,43 debt the company is using to
0,45 finance its assets.
0,4 0,34
0,33
0,35
0,3 This mean that 3M is a
0,25 low risk for shareholders
0,2
because it’s mainly
financed from equity.
0,15
0,1
0,05
0
31 Dec 2009 31 Dec 2010 31 Dec 2011
Strategic Finance 23.11.2012 10
11. Cash, cash-equivalents and marketable securities at
December 31, 2011 totaled approximately $4.6 billion, helped
by cash flows from operating activities of $5.3 billion.
The Company has sufficient liquidity to meet currently
anticipated growth plans, including capital expenditures,
working capital investments and acquisitions.
High
Less
Cash Flexibility
Debt
FLow
Strategic Finance 23.11.2012 11
12. Institutional Investors:
0%
Active involvement and 29%
influence in corporate
governance
Influencing the conduct 71%
and capital requirements
of listed companies.
Institutions
Top institutional Mutual Funds
shareholder owns 4,85% Insiders
Strategic Finance 23.11.2012 12
13. Consistent increase of dividends for 51 consecutive years.
Annual increase in its EPS from 1999 to 2007.
Slow dividend growth during tough economic conditions,
while compensating with stronger dividend growth during
boom times.
3M’s dividend is safe, given the strong cashflows that the
company generates from its diversified businesses.
5-Year average payout ratio of 39%
7
6
Titolo asse
5
4
EPS (USD)
3
Dividends (USD)
2
1
0
2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Strategic Finance 23.11.2012 13
14. The company has recovered Declining profit margins.
from 2008-2009 crisis and
The perspective of the rising
reported earnings 4.5% higher
energy costs, 3M has to find
than 2007 compared with
alternatives to keep cost
2011.
structure stable otherwise this
Positive cash flow, necessary will influence future cash flows
to pay its dividends and make and in long term the dividend
acquisitions. policy.
Strategic Finance 23.11.2012 14
15. Thank you for your
attention!
Strategic Finance 23.11.2012 15