The document analyzes the financial health of Qlik Technologies, Inc. by comparing its financial ratios and performance metrics to competitors and industry averages. Qlik has strong liquidity with current ratios above 2, indicating it can easily pay short-term debts. While return on assets is lower than competitors and the industry average, Qlik has high gross margins and its stock has outperformed others in recent months. The analysis finds that Qlik is financially stable but could improve returns by better utilizing capital.
This document analyzes Coca-Cola's financial statements and business strategies. It begins with an analysis of Coca-Cola's governance, including details about the CEO, board of directors, and executive compensation. It then discusses Porter's Five Forces analysis of the soda industry, finding rivalry to be high but threats of new entrants and substitutes to be medium. The document also analyzes Coca-Cola's income statements, balance sheets, profitability, and forecasts growth.
State of Internal Audit Profession - 2015 - PWCErik Lundberg
The document summarizes the key findings of PwC's 2015 survey on the state of the internal audit profession. It finds that external factors like regulations, competition, and changing customer behaviors are driving significant and rapid transformation across many industries. Companies are undergoing major changes to their business models and operations to respond to these challenges and opportunities. This level of disruption and transformation is taking place in uncharted territory and significantly altering companies' risk landscapes. The survey suggests internal audit functions will need to evolve to maintain their relevance by focusing on emerging risks, developing new skills, and closely aligning with the business in this shifting environment.
Csod investor deck second quarter finalircornerstone
Cornerstone provides a corporate overview and highlights of its second quarter 2016 performance. It discusses its evolution over the past 16 years from 4 employees to over 2,500 clients and 25 million users today. Cornerstone also reviews its strong financial results with continued growth in revenue, bookings, clients, and users. It outlines opportunities for further growth through continued core sales, global expansion, new market segments, industries, and maximizing its large installed base.
- The document is a corporate investor presentation by James R. Swayze, CEO of Symbility.
- Symbility develops cloud-based, mobile technology solutions for the property and casualty and health insurance industries.
- The presentation outlines Symbility's financial highlights and growth strategy, positioning in the insurance technology market, management team, and product capabilities.
Analysis of recent transactions in BPO Industry detailing on Transaction Multiples (Revenue & EBITDA), Multiples Chart, Active Buyers & Transaction Data.
Cornerstone provides a corporate overview and highlights of its first quarter 2016 performance. It discusses its evolution over the past 16 years from a smaller startup to a global leader in talent management solutions. Cornerstone has grown significantly in terms of revenue, clients, users, and geographic reach. It also discusses opportunities for continued growth through further penetrating its existing client base, expanding into new markets and industry verticals, and developing new solutions. Cornerstone's vision is to continue innovating and reach $1 billion in revenue by leveraging its massive talent data and open platform approach.
Analysis of recent transactions in System Software Industry detailing on Transaction Multiples (Revenue & EBITDA), Multiples Chart, Active Buyers & Transaction Data. A goldmine of resource for Entrepreneurs.
This document summarizes a presentation on shareholder value creation in a hesitant economy. It includes:
1) An agenda covering introduction, market expectations and equity prices, organic growth in a hesitant economy, and creating value through M&A.
2) Data showing the financial sector outperformed other sectors of the ASX300 since the global financial crisis.
3) Arguments that companies should pursue growth during an economic slowdown instead of cutting costs, and that "good" growth focused on the core business can create shareholder value.
This document analyzes Coca-Cola's financial statements and business strategies. It begins with an analysis of Coca-Cola's governance, including details about the CEO, board of directors, and executive compensation. It then discusses Porter's Five Forces analysis of the soda industry, finding rivalry to be high but threats of new entrants and substitutes to be medium. The document also analyzes Coca-Cola's income statements, balance sheets, profitability, and forecasts growth.
State of Internal Audit Profession - 2015 - PWCErik Lundberg
The document summarizes the key findings of PwC's 2015 survey on the state of the internal audit profession. It finds that external factors like regulations, competition, and changing customer behaviors are driving significant and rapid transformation across many industries. Companies are undergoing major changes to their business models and operations to respond to these challenges and opportunities. This level of disruption and transformation is taking place in uncharted territory and significantly altering companies' risk landscapes. The survey suggests internal audit functions will need to evolve to maintain their relevance by focusing on emerging risks, developing new skills, and closely aligning with the business in this shifting environment.
Csod investor deck second quarter finalircornerstone
Cornerstone provides a corporate overview and highlights of its second quarter 2016 performance. It discusses its evolution over the past 16 years from 4 employees to over 2,500 clients and 25 million users today. Cornerstone also reviews its strong financial results with continued growth in revenue, bookings, clients, and users. It outlines opportunities for further growth through continued core sales, global expansion, new market segments, industries, and maximizing its large installed base.
- The document is a corporate investor presentation by James R. Swayze, CEO of Symbility.
- Symbility develops cloud-based, mobile technology solutions for the property and casualty and health insurance industries.
- The presentation outlines Symbility's financial highlights and growth strategy, positioning in the insurance technology market, management team, and product capabilities.
Analysis of recent transactions in BPO Industry detailing on Transaction Multiples (Revenue & EBITDA), Multiples Chart, Active Buyers & Transaction Data.
Cornerstone provides a corporate overview and highlights of its first quarter 2016 performance. It discusses its evolution over the past 16 years from a smaller startup to a global leader in talent management solutions. Cornerstone has grown significantly in terms of revenue, clients, users, and geographic reach. It also discusses opportunities for continued growth through further penetrating its existing client base, expanding into new markets and industry verticals, and developing new solutions. Cornerstone's vision is to continue innovating and reach $1 billion in revenue by leveraging its massive talent data and open platform approach.
Analysis of recent transactions in System Software Industry detailing on Transaction Multiples (Revenue & EBITDA), Multiples Chart, Active Buyers & Transaction Data. A goldmine of resource for Entrepreneurs.
This document summarizes a presentation on shareholder value creation in a hesitant economy. It includes:
1) An agenda covering introduction, market expectations and equity prices, organic growth in a hesitant economy, and creating value through M&A.
2) Data showing the financial sector outperformed other sectors of the ASX300 since the global financial crisis.
3) Arguments that companies should pursue growth during an economic slowdown instead of cutting costs, and that "good" growth focused on the core business can create shareholder value.
The document is a 2011 report from NYSE Euronext surveying 317 global listed CEOs, 119 emerging company CEOs, and 205 MBA students on business issues. It summarizes their views on the global and US economies, which majorities rate as fair or poor. While downbeat on current conditions, most CEOs expect their own companies to see growth through 2012. Top external factors seen as impacting growth are global/US economic conditions and regulation. Concerns about these factors have declined since the financial crisis but worries about inflation and political risk are rising.
The document discusses the challenges private equity firms face in "buying well" in today's competitive market environment. It notes that high entry multiples, an abundance of dry powder, and increased competition from other buyers have made it difficult to find attractive deals. Private equity firms must focus on developing sector expertise, building relationships, and having a robust value creation plan to succeed in this environment where simple multiple arbitrage is no longer sufficient. Management issues are also a primary reason why deals fall apart after due diligence.
AmCham 2015 business climate survey final report Jan 2015Gordon Stewart
The survey summarizes the views of AmCham Taipei member companies on Taiwan's business climate and environment. While most companies were profitable in 2014 and have a positive 5-year outlook, they also face ongoing issues like inconsistent regulations, bureaucracy, outdated laws, and a lack of transparency. The top impacts on business are inconsistent regulatory interpretation and changes in local demand. Support exists for trade agreements but political obstacles remain. Regulatory reform is needed to strengthen Taiwan's competitiveness and attractiveness for foreign investment.
Delivering more value to the business through
performance measurement and improved decision
support is the top priority for the finance function
through 2020. Among senior finance professionals
participating in the 2014 EY Global Insurance CFO
Survey, 71% indicated that “being a better business
partner” ranked among their top three priorities,
with 35% placing this as number one.
Venture capital-backed IPOs have significantly outperformed the broader IPO market and non-venture backed companies over the past several years. On average, venture-backed companies saw stock price increases of 18.8% on the first day of trading and 10.5% after six months. Several factors contribute to their strong performance, including venture capitalists selecting companies based on long-term scalability rather than short-term profits. Venture firms also help professionalize the companies they invest in to prepare them for successful public listings. Recent regulatory changes and competitive stock exchanges could further increase IPO activity for venture-backed firms going forward.
Private equity has grown dramatically over the past decade, with global assets reaching $3.65 trillion excluding venture capital. Growth has been driven by strong investor allocations and the outperformance of private versus public companies. However, private equity growth has been slowing in recent years and may continue to do so. Firms will need to adapt to a potential "new normal" environment with relatively slower growth, focusing on protecting existing value and positioning for the future.
Csod investor deck third quarter1052015ircornerstone
Cornerstone provides a corporate overview and highlights its evolution over the past 15 years. It discusses the opportunity in the market to address changing work needs. Cornerstone has grown to over 2,000 clients, 22 million users, and a presence in 191 countries. It aims to reach $1 billion in revenue by continuing to innovate and expand across market segments, industries, and within its existing client base.
The Small Cap Focused Growth portfolio underperformed its benchmark in Q1 due to disappointing guidance from two large holdings, SPS Commerce and The Advisory Board, which fell 39% and 33% respectively. Additionally, investor sentiment turned negative towards the portfolio's focus on high secular growth stocks, favoring lower growth, lower volatility stocks. However, the portfolio manager remains confident that focusing on companies capable of sustained high growth will generate strong long-term returns, as short-term volatility in stock prices often diverges from long-term earnings potential.
The presentation provides an overview of Symantec's acquisition of LifeLock and the formation of an integrated consumer digital safety platform. Key points include:
- Symantec will combine Norton's consumer security suite with LifeLock's leading identity protection solution, creating a platform with over 50 million combined customers.
- The acquisition accelerates Symantec's transformation to a digital safety platform that protects consumers' information, devices, identity and connected home.
- LifeLock has demonstrated strong growth and retention rates, with 4.4 million members in the US and an implied customer life of 6.7 years.
- By integrating Norton and LifeLock's offerings, Symantec aims to provide comprehensive protection and monitoring
Investors want companies to provide clearer disclosures for mergers and acquisitions in 3 key areas:
1) The total cost of acquisitions, including non-cash consideration and deferred payments.
2) Details on the nature and performance of acquired intangible assets to assess if amortization "makes economic sense".
3) Information on the strategy, performance, and financials of both the acquired and disposed businesses to allow for forecasting and evaluate management's stewardship. Improved M&A disclosures would help investors understand investments and hold management accountable.
This document draws together our views, observations and analysis of the global trends in the insurance M&A market, including influencing factors and macroeconomic variables.
Our analysis covers five primary regions: Western Europe, North America, Asia, Latin America and the Middle East and North Africa. Each section includes a review and remark on deal activity and current trends, in addition to consideration
of future bearings.
1. The Focused Growth portfolio had a difficult year in 2015, underperforming its benchmark with a return of -8.9% due primarily to poor performance from a few individual stocks, notably LivePerson and Freshpet.
2. LivePerson struggled with leadership changes, losing a major customer, and slower than expected conversion to its new platform. Freshpet fell short of its fridge installation and margin targets.
3. While some positions like 2U.com performed well for the year, they were a significant detractor in Q4 after their share price dropped sharply. Excluding this and lack of healthcare exposure, Q4 execution was relatively good.
The document discusses the findings of the 10th edition of the EY Global Capital Confidence Barometer survey. Key points include:
- 60% of executives see the global economy improving and have confidence in corporate earnings, despite economic shocks. Executives have resilient confidence in the face of challenges.
- The "future of work" trend around skills shortages and changing employer-employee relationships is expected to most impact business and acquisition strategies over the next year.
- Executives in countries like Australia and France have the most positive views of the global economy. Confidence in indicators like credit availability and earnings are at high levels.
- While deal volumes may remain modest, increased deal values and
Raising external capital to drive NOC transformationEY
The coming years will be defining for NOCs as they fully embrace the need to embark on capital transformation. New capital can provide the catalyst to return the country’s finances to an equilibrium and act as an engine to drive greater economic diversity.
Pwc 2015 Technology Sector Sec Comment Letter TrendsPwC
PwC's technology industry publication provides a comprehensive analysis of recent SEC staff comments and disclosures to assist you in understanding the key trends relevant to companies in the technology sector.
Our global capabilities: financial servicesGrant Thornton
Grant Thornton provides audit, tax, and advisory services to financial institutions globally. It has over $300 million in combined global revenues from financial services. The document discusses challenges facing the financial services industry such as increased regulation, competition, and need for transparency. It also outlines Grant Thornton's solutions to help clients address issues like regulatory compliance, risk management, growth strategies, and data management.
This document provides an investor presentation for Intact Financial Corporation, a leading property and casualty insurer in Canada. Some key points:
1) Intact has consistently outperformed the industry in terms of return on equity, combined ratio, premium growth, and market share over the past 10 years.
2) Intact aims to beat industry return on equity by 5 points annually through initiatives like pricing and segmentation, claims management, and capital management.
3) Intact has a strong financial position with excess capital, high credit ratings, and a track record of growth and profitability. Management sees opportunities for further industry consolidation.
Reclaim Your Business: HR Outsourcing in 2012CPEhr
Reclaim Your Business:
How Human Resources Outsourcing Will
Enable Companies to Rebuild in 2012. After years of recession, stagnant economic growth, high unemployment
and continuing uncertainty fueled by a partisan Washington, most small
and mid‐sized employers are looking towards the future with reserved
optimism. However, while many economic factors remain in flux,
employers are able to take control of their business in 2012. Many are
proactively investigating how Human Resources (HR) Outsourcing can
assist them in trimming excess operating costs, reducing insurance
premiums and HR overhead, and improving employee productivity.
Driving growth and differential performance among Class I railroadsDeloitte United States
Building a precision-scheduled railroad generated substantial benefit for Class I railroads and their shareholders when compared to their prior performance. However, with nearly all railroads pursuing the same strategy, we see differential performance among the Class I railroads driven primarily by changes in industrial production rather than strategic choices by management and Boards of Directors. Breaking away from the narrow range of industry peer performance will likely require more deliberate choices about the scope of operations and services that offer good prospects for returns on capital. Railroad executives should shift attention from operations to the configuration of commercial functions to help realize distinct competitive advantages and improved shareholder returns.
Milwaukee Growth Fund-February Client Meeting MaterialsAlexander D. Sagal
The Milwaukee Growth Fund seeks to outperform its benchmark, the Russell 3000 Growth Index, through long-term capital appreciation by investing primarily in equity securities of companies positioned for growth. It utilizes a bottom-up fundamental analysis approach combined with macroeconomic and thematic overlays to identify high-quality companies with exceptional growth potential. The portfolio is actively managed through weekly reviews and formal reviews of holdings. Since its inception in October 2010, the fund has produced a total return of 67.81%, outperforming its benchmark by 2.58%.
This document provides a client assessment report for HSBC Holdings PLC comparing its financial performance over time to peers and industry benchmarks. The report includes an opportunity dashboard highlighting areas where HSBC's performance trails benchmarks and the potential cash flow that could be realized by improving in those areas. It also includes profiles of HSBC and peers, historical comparison charts, "what if" analyses, gap analyses, financial statements and key questions. The goal is to identify opportunities for HSBC and solutions that could help address challenges.
The document is a 2011 report from NYSE Euronext surveying 317 global listed CEOs, 119 emerging company CEOs, and 205 MBA students on business issues. It summarizes their views on the global and US economies, which majorities rate as fair or poor. While downbeat on current conditions, most CEOs expect their own companies to see growth through 2012. Top external factors seen as impacting growth are global/US economic conditions and regulation. Concerns about these factors have declined since the financial crisis but worries about inflation and political risk are rising.
The document discusses the challenges private equity firms face in "buying well" in today's competitive market environment. It notes that high entry multiples, an abundance of dry powder, and increased competition from other buyers have made it difficult to find attractive deals. Private equity firms must focus on developing sector expertise, building relationships, and having a robust value creation plan to succeed in this environment where simple multiple arbitrage is no longer sufficient. Management issues are also a primary reason why deals fall apart after due diligence.
AmCham 2015 business climate survey final report Jan 2015Gordon Stewart
The survey summarizes the views of AmCham Taipei member companies on Taiwan's business climate and environment. While most companies were profitable in 2014 and have a positive 5-year outlook, they also face ongoing issues like inconsistent regulations, bureaucracy, outdated laws, and a lack of transparency. The top impacts on business are inconsistent regulatory interpretation and changes in local demand. Support exists for trade agreements but political obstacles remain. Regulatory reform is needed to strengthen Taiwan's competitiveness and attractiveness for foreign investment.
Delivering more value to the business through
performance measurement and improved decision
support is the top priority for the finance function
through 2020. Among senior finance professionals
participating in the 2014 EY Global Insurance CFO
Survey, 71% indicated that “being a better business
partner” ranked among their top three priorities,
with 35% placing this as number one.
Venture capital-backed IPOs have significantly outperformed the broader IPO market and non-venture backed companies over the past several years. On average, venture-backed companies saw stock price increases of 18.8% on the first day of trading and 10.5% after six months. Several factors contribute to their strong performance, including venture capitalists selecting companies based on long-term scalability rather than short-term profits. Venture firms also help professionalize the companies they invest in to prepare them for successful public listings. Recent regulatory changes and competitive stock exchanges could further increase IPO activity for venture-backed firms going forward.
Private equity has grown dramatically over the past decade, with global assets reaching $3.65 trillion excluding venture capital. Growth has been driven by strong investor allocations and the outperformance of private versus public companies. However, private equity growth has been slowing in recent years and may continue to do so. Firms will need to adapt to a potential "new normal" environment with relatively slower growth, focusing on protecting existing value and positioning for the future.
Csod investor deck third quarter1052015ircornerstone
Cornerstone provides a corporate overview and highlights its evolution over the past 15 years. It discusses the opportunity in the market to address changing work needs. Cornerstone has grown to over 2,000 clients, 22 million users, and a presence in 191 countries. It aims to reach $1 billion in revenue by continuing to innovate and expand across market segments, industries, and within its existing client base.
The Small Cap Focused Growth portfolio underperformed its benchmark in Q1 due to disappointing guidance from two large holdings, SPS Commerce and The Advisory Board, which fell 39% and 33% respectively. Additionally, investor sentiment turned negative towards the portfolio's focus on high secular growth stocks, favoring lower growth, lower volatility stocks. However, the portfolio manager remains confident that focusing on companies capable of sustained high growth will generate strong long-term returns, as short-term volatility in stock prices often diverges from long-term earnings potential.
The presentation provides an overview of Symantec's acquisition of LifeLock and the formation of an integrated consumer digital safety platform. Key points include:
- Symantec will combine Norton's consumer security suite with LifeLock's leading identity protection solution, creating a platform with over 50 million combined customers.
- The acquisition accelerates Symantec's transformation to a digital safety platform that protects consumers' information, devices, identity and connected home.
- LifeLock has demonstrated strong growth and retention rates, with 4.4 million members in the US and an implied customer life of 6.7 years.
- By integrating Norton and LifeLock's offerings, Symantec aims to provide comprehensive protection and monitoring
Investors want companies to provide clearer disclosures for mergers and acquisitions in 3 key areas:
1) The total cost of acquisitions, including non-cash consideration and deferred payments.
2) Details on the nature and performance of acquired intangible assets to assess if amortization "makes economic sense".
3) Information on the strategy, performance, and financials of both the acquired and disposed businesses to allow for forecasting and evaluate management's stewardship. Improved M&A disclosures would help investors understand investments and hold management accountable.
This document draws together our views, observations and analysis of the global trends in the insurance M&A market, including influencing factors and macroeconomic variables.
Our analysis covers five primary regions: Western Europe, North America, Asia, Latin America and the Middle East and North Africa. Each section includes a review and remark on deal activity and current trends, in addition to consideration
of future bearings.
1. The Focused Growth portfolio had a difficult year in 2015, underperforming its benchmark with a return of -8.9% due primarily to poor performance from a few individual stocks, notably LivePerson and Freshpet.
2. LivePerson struggled with leadership changes, losing a major customer, and slower than expected conversion to its new platform. Freshpet fell short of its fridge installation and margin targets.
3. While some positions like 2U.com performed well for the year, they were a significant detractor in Q4 after their share price dropped sharply. Excluding this and lack of healthcare exposure, Q4 execution was relatively good.
The document discusses the findings of the 10th edition of the EY Global Capital Confidence Barometer survey. Key points include:
- 60% of executives see the global economy improving and have confidence in corporate earnings, despite economic shocks. Executives have resilient confidence in the face of challenges.
- The "future of work" trend around skills shortages and changing employer-employee relationships is expected to most impact business and acquisition strategies over the next year.
- Executives in countries like Australia and France have the most positive views of the global economy. Confidence in indicators like credit availability and earnings are at high levels.
- While deal volumes may remain modest, increased deal values and
Raising external capital to drive NOC transformationEY
The coming years will be defining for NOCs as they fully embrace the need to embark on capital transformation. New capital can provide the catalyst to return the country’s finances to an equilibrium and act as an engine to drive greater economic diversity.
Pwc 2015 Technology Sector Sec Comment Letter TrendsPwC
PwC's technology industry publication provides a comprehensive analysis of recent SEC staff comments and disclosures to assist you in understanding the key trends relevant to companies in the technology sector.
Our global capabilities: financial servicesGrant Thornton
Grant Thornton provides audit, tax, and advisory services to financial institutions globally. It has over $300 million in combined global revenues from financial services. The document discusses challenges facing the financial services industry such as increased regulation, competition, and need for transparency. It also outlines Grant Thornton's solutions to help clients address issues like regulatory compliance, risk management, growth strategies, and data management.
This document provides an investor presentation for Intact Financial Corporation, a leading property and casualty insurer in Canada. Some key points:
1) Intact has consistently outperformed the industry in terms of return on equity, combined ratio, premium growth, and market share over the past 10 years.
2) Intact aims to beat industry return on equity by 5 points annually through initiatives like pricing and segmentation, claims management, and capital management.
3) Intact has a strong financial position with excess capital, high credit ratings, and a track record of growth and profitability. Management sees opportunities for further industry consolidation.
Reclaim Your Business: HR Outsourcing in 2012CPEhr
Reclaim Your Business:
How Human Resources Outsourcing Will
Enable Companies to Rebuild in 2012. After years of recession, stagnant economic growth, high unemployment
and continuing uncertainty fueled by a partisan Washington, most small
and mid‐sized employers are looking towards the future with reserved
optimism. However, while many economic factors remain in flux,
employers are able to take control of their business in 2012. Many are
proactively investigating how Human Resources (HR) Outsourcing can
assist them in trimming excess operating costs, reducing insurance
premiums and HR overhead, and improving employee productivity.
Driving growth and differential performance among Class I railroadsDeloitte United States
Building a precision-scheduled railroad generated substantial benefit for Class I railroads and their shareholders when compared to their prior performance. However, with nearly all railroads pursuing the same strategy, we see differential performance among the Class I railroads driven primarily by changes in industrial production rather than strategic choices by management and Boards of Directors. Breaking away from the narrow range of industry peer performance will likely require more deliberate choices about the scope of operations and services that offer good prospects for returns on capital. Railroad executives should shift attention from operations to the configuration of commercial functions to help realize distinct competitive advantages and improved shareholder returns.
Milwaukee Growth Fund-February Client Meeting MaterialsAlexander D. Sagal
The Milwaukee Growth Fund seeks to outperform its benchmark, the Russell 3000 Growth Index, through long-term capital appreciation by investing primarily in equity securities of companies positioned for growth. It utilizes a bottom-up fundamental analysis approach combined with macroeconomic and thematic overlays to identify high-quality companies with exceptional growth potential. The portfolio is actively managed through weekly reviews and formal reviews of holdings. Since its inception in October 2010, the fund has produced a total return of 67.81%, outperforming its benchmark by 2.58%.
This document provides a client assessment report for HSBC Holdings PLC comparing its financial performance over time to peers and industry benchmarks. The report includes an opportunity dashboard highlighting areas where HSBC's performance trails benchmarks and the potential cash flow that could be realized by improving in those areas. It also includes profiles of HSBC and peers, historical comparison charts, "what if" analyses, gap analyses, financial statements and key questions. The goal is to identify opportunities for HSBC and solutions that could help address challenges.
This document provides guidance to finance executives on leveraging advanced analytics. It begins with an overview of the rise of advanced analytics and its potential value of over $1 trillion for businesses worldwide. It then describes the different stages companies can be at in their analytics adaptation - from laggard to adopter to leader. The rest of the document details the six key components of a holistic analytics strategy and provides a checklist of recommendations for each stage of adaptation to help companies advance their analytics capabilities.
This summary provides an overview of a Deloitte Research study on how companies are transforming their enterprises through finance:
1. The study analyzed over 70 global manufacturing companies to understand how strengthening finance capabilities can improve business performance. It identified four key roles finance can play: strategist, catalyst, steward, and operator.
2. Many companies aim to grow revenues, cut costs, improve margins and asset efficiency. However, they face barriers like a lack of alignment, limited information, and inadequate standards.
3. The study found that "finance masters" - companies with strong finance capabilities supporting business transformation - significantly outperformed their peers. Building finance capabilities in all four roles is linked to superior business performance.
My valuation of Cognizant both intrinsic valuation and pricing models with some regression built in; as Cognizant rotates to digital the question becomes can they maintain there very high growth standards. Currently I find them to be a buy. Many experts don't.
Hear how Kelly Battles, CFO of Host Analytics, works with her finance team to track key financial and operating metrics data to drive performance and keep the company on track to deliver growth in 2011. In addition, Lauren Kelley, CEO of OPEXEngine will present key software industry benchmarks from OPEXEngine’s comprehensive financial and operating benchmarking report, developed in partnership with the SIIA. Join us for this informative webinar to learn more about how the benefits of metrics-driven, fact based decision making can help you drive better performance and efficiency within your own organization.
Presenters:
Lauren Kelley, CEO & Founder, OPEXEngine
Kelly Battles, CFO, Host Analytics
About the presenters:
Lauren Kelley is CEO and founder of OPEXEngine, the leading publisher of software financial and operating benchmarks. Ms. Kelley brings 25 years of successful experience in tech company management to OPEXEngine, as well as 6 years as an international economist at the US Department of Commerce’s Office of Computers early in her career, after entering Federal service through the prestigious Presidential Management Intern program. Prior to building OPEXEngine, she worked 2 years as an executive-in-residence at Grand Banks Capital, a venture fund focused on East Coast technology companies, evaluating potential investments. She has worked and lived extensively in Europe. She was previously Senior VP of WW Sales at ATG, including establishing field operations throughout Europe and Asia/Pacific, and was a General Manager for approximately 20 countries at Borland out of Paris in the early ’90s. Ms. Kelley also helped build Compaq’s Central and East European operations, based in Munich. Ms. Kelley is currently based in London, where she lives with her husband and two children.
Kelly Bodnar Battles is the CFO of Host Analytics, inc., the only provider of a CPM (Corporate Performance Management) suite of products delivered via software as a service.
Prior to Host Analytics, Kelly was VP, Finance at IronPort Systems where she was the first finance hire and was responsible for building and leading the finance, accounting, administrative and various operational functions during her six years there. During her tenure at IronPort, the company grew from $2M to $250M in annual bookings and was sold to Cisco Systems (NASDAQ: CSCO).
Before IronPort, Kelly was a Director in HP’s Strategy and Corporate Development group, a Strategy Consultant with McKinsey and Company, and a Corporate Finance Associate at J.P. Morgan. Kelly graduated with a B.S.E. from Princeton and M.B.A. from Harvard, both with honors. Kelly lives in the Bay Area with her husband, and their 2 children, labrador retriever and rescue cat.
SPIMACO is a large Saudi pharmaceutical company with over $1.2 billion in capital. A SWOT analysis identified strengths like revenue growth and new product introductions, but also weaknesses such as declining earnings per share, gross profit margins, and net profit margins. Opportunities exist in mergers and acquisitions, utilizing local Saudi workers, and data analytics to improve customer insights. Threats include investor resistance due to low EPS, ensuring local workers are adequately trained, and competitive product pricing. Recommendations include focusing on top customers, reducing costs, innovating products, strengthening customer relationships, and using digital transformation to improve efficiency.
Why Own Safeguard?
- Full Value Yet to be Realized
- Ownership Stakes in Exciting Partner Companies
- Top Performance of Proven Team
- Financial Strength, Flexibility and Liquidity
- Strong Alignment of Interests
Forward-Looking Statements
Statements contained in this presentation that are not historical facts are forward looking statements which involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of managing rapidly changing technologies, limited access to capital, competition, the ability to attract and retain qualified employees, our ability to execute our strategy, the uncertainty of the future performance of our partner companies, acquisitions and dispositions of additional partner companies, the inability to manage growth, government regulation and legal liabilities and the effect of economic conditions in the business sectors in which our partner companies operate, negative media coverage and other uncertainties as described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
Safeguard does not assume any obligation to update any forward looking statements or other information contained in this presentation.
Battery Ventures State of the OpenCloud Report 2022Battery Ventures
Battery Ventures' 2022 State of the OpenCloud report, compiled by General Partner Dharmesh Thakker and his team Danel Dayan, Jason Mendel and Patrick Hsu. The report analyzes the macro technology and economic trends impacting the cloud market, and provides advice for cloud-native entrepreneurs who are navigating these trends to build large, enduring businesses.
Running Head: FINANCIAL ANALYSIS
1
FINANCIAL ANALYSIS
7
Financial Analysis
Students Name
Institutional Affiliation
Executive summaryThis report created from the financial statements of The Coca-Cola Company (KO) provides an analysis and evaluation of the actual and the prospective liquidity, profitability and the financial stability of the company. The methods that have been used in the analysis include trend analysis, the vertical analysis and the horizontal analysis. Also we have used certain analysis such as Quick ratio, debt ratio, and the current ratios. More calculations that have been used includes the returns on the owners equity, the earning per share, net operating working capital, total operating capital, net operating capital, net operating profit after taxes, operating cash flow and free cash flow. A result from the data reveals that, all the company ratios are above the industries averages. Comparative performance is good in the area of the liquidity, credit control and inventory management.
The report finds that the tidings for the company are positive in the near future. The major areas of weakness highlighted require further investigation and immediate action by management. The recommendations that were provided include;
· Improving the average accounts receivable collection period,
· Raising/ increasing the inventory turnover and reduction of prepayments in order to have enough operating cash for the subsequent periods.
The investigation in this report also had its shortcomings that arose and are highlighted as;
The forecasted figures used are estimates that sometimes maybe arbitrate; we also cannot fully provide data on the position of other companies with the data limitation we have experienced. The monthly details would have given us more information from which we could base a proper in year trend analysis, rather than the blanket whole year analysis provided. Though we had the above mentioned strain in preparation of this report, we still great belief that the analysis provided is best suited to show the standing of the Coca-Cola Company (KO).
In the financial report below, the strengths, weakness, opportunity and threats have been highlighted as we analyze the various financial sub segments.
Identify your company, its industry, and analyze the important segments (percentage of sales or subsidiaries) of your company compared to its industry and its overall business
The Coca-Cola Company (KO) is a multinational American Company that has its headquarters at Atlanta Georgia. The company has got its branches in more than 200 countries in the world and majority of its sales is in America, amounting to 40% of the total sales. The company operates in the non alcoholic beverage industry made up of the following companies as the main rivals, Dr Pepper Snapple Group, Inc, Nestle and Pepsi Inc. the company is the best performer in market capitalization compared to competitors with a capitalization of 169.49billion, higher .
The document summarizes findings from a global CFO study on the evolving role of finance. It finds that over 70% of CFOs see themselves in an advisory role, and around 60% believe major changes are needed in finance organizations to keep up with industry changes. It also highlights the benefits of achieving both finance efficiency through standards and providing business insight, finding the highest rewards come from excelling in both areas.
Tennant Company presented at the Gabelli Conference in March 2016. The presentation discussed Tennant's vision to lead the global cleaning industry in sustainable innovation. It summarized Tennant's competitive position in the industry, broad portfolio of products, strong sales and service organizations globally, and diverse customer base. Tennant reiterated its strategic priorities of CRM and marketing automation, e-commerce, new product development, emerging markets, and future technologies. The presentation concluded with Tennant's financial summary, sales growth history, and 2016 financial outlook with anticipated sales between $795-825 million and EPS between $2.25-2.55.
3i Infotech is an Indian IT company that provides software products and IT services. According to its financial statements:
- Revenue has grown significantly over the past 4 years at a CAGR of 61% through both organic growth and acquisitions.
- Profits have also increased substantially, with net profit margin growing from 0.14 to 0.22 between 2007-2008.
- However, debt levels have also risen considerably to finance growth, with total debt increasing from Rs. 546 crores to Rs. 1225 crores.
- While growth has been strong, the company needs to improve its cash flows and working capital management to support further expansion in a sustainable manner. Tighter
Brookside Energy Ltd is an Australian publicly traded company that focuses on oil and gas exploration and production in the United States. The company has established relationships in the oil and gas sector over the past 10 years. According to its financial statements for the period ending June 2015, Brookside saw decreases in current assets and non-current assets compared to the prior period. It also saw an increase in current liabilities. Overall, the company's equity decreased substantially from the prior period, suggesting it paid off shares and had difficulty obtaining funds from the market.
The accounting profession has felt the impact of change. Over the past several years, operational changes in workflow and process have dramatically altered the scope of the accountant’s role. The profession’s workforce is aging, underlining the importance of succession planning and talent management. Additionally, as the digital universe doubles in size every other year, many firms struggle to keep pace with the latest technology trends.
For today’s firm, change is constant. And across the entire tax, accounting and audit profession, the forecast calls for even greater shifts in people, processes and technology.
These ever-evolving realities inspired Wolters Kluwer, CCH, a strategic partner to accounting firms, to explore two major questions in the 2014 Wolters Kluwer, CCH — Accounting Firm Preparedness Survey.
Top 10 Challenges for Corporate & Investment BanksLapman Lee ✔
Ten themes around regulation, restructuring, and revolution in corporate & investment banking impacting the business, compliance & risk, IT and the way you make business with your customers
The document provides a quarterly report from Conquest Strategies, LLC on their MidCap portfolio for Q4 2015. It summarizes the strategy, investment objective, and performance for the quarter and year. While the portfolio underperformed the benchmarks for the quarter, it outperformed for the year. The report discusses sector allocations and top holdings, noting increases to utilities and healthcare. It provides analysis of selected positions and the outlook.
The document summarizes a PwC report on working capital performance in the manufacturing sector from 2009-2013. It finds that while revenue growth has stalled, companies have improved working capital performance by focusing on inventory management. However, €100 billion remains trapped in working capital across the industry. The report also notes that performance varies widely, and that improving working capital could release €100-162 billion in additional cash for the industry.
1. Evaluating Financial Health 1
Final Project: Evaluating Financial Health
Kristy Martinez
ACC/230
April 17, 2011
Cynthia Kacmar
2. Evaluating Financial Health 2
Final Project: Evaluating Financial Health
The analysis of the accounts and the economic prospects of Qlik Technologies, Inc. will
reveal the firm’s strengths, weaknesses, and trends as they relate to its competitors and industry.
A comparison of its competitors and industry will take its financial data and break it down into
smaller more easily understood elements. The intent of this analysis is to gain a better
understanding of the current financial health and future growth potential of Qlik Technologies,
Inc.
Business Overview
Qlik Technologies Inc. is a software company founded originally in 1993 in the country
of Sweden and is currently headquartered in Radnor, Pennsylvania. The company went public in
July 2010. QlikTech develops and sells data analysis and reporting solutions software and also
offers maintenance and professional services. The company markets and sells its products and
services through its direct sales force and indirectly through a global partnering network to
resellers of packaged goods, master resellers, and retailers and various industries such as
financial, healthcare, pharmaceutical, and manufacturing. For 18 years, QlikTech has been
focusing on the simplification of decision making for business users across the globe. QlikTech
delivered the world’s first Business Discovery platform reigning #1 to this day−−QlikView. A
new kind of business intelligence software, QlikView is a markedly innovative solution with an
industry-leading 96% satisfaction rate. QlikView provides instant analysis and insight stopping
the guesswork into knowing how to make faster, smarter decisions. QlikTech has grown its
customer base from over 4,000 active customers in 2006 to approximately 18,000 active
customers in over 100 countries at December 31, 2010 and it increased its revenue by a 50.4%
compound annual growth rate in the same period. The Company operates in the technology
3. Evaluating Financial Health 3
sector for development, commercialization, and implementation of software products and related
services and is positioned in the upper ranks of about 143 companies.
Financial Strength
Current Ratio
QLIK SFSF¹ Industry
2010 2009 2010 2009 2010 2009
𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝑎𝑠𝑠𝑒𝑡𝑠
𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝑙𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠
251,710
102,641
93,361
78,532
452,025
267,222
392,487
182,916
2.45x 1.19x 1.59x 2.15x 2.10x
Quick Ratio
𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝑎𝑠𝑠𝑒𝑡𝑠 − 𝐼𝑛𝑣𝑒𝑛𝑡𝑜𝑟𝑦
𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝑙𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠
--- --- --- ---
𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝑎𝑠𝑠𝑒𝑡𝑠 − 𝑃𝑟𝑒𝑝𝑎𝑖𝑑 𝐸𝑥𝑝𝑒𝑛𝑠𝑒𝑠
𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝑙𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠
244,603
102,641
89,391
78,532
444,003
267,222
386,808
182,916
2.38x 1.14x 1.66x 2.11x 1.8x²
Fraser, L. M., & Ormiston, A. (2007).Understandingfinancial statements (8thed.).
1SuccessFactors, Inc.. Upper Saddle River, NJ: Pearson/PrenticeHall.
²Retrieved from http://www.reuters.com/finance/stocks/financialHighlights?symbol=QLIK
There are two main financial ratios used to measure a company's liquidity as illustrated in
the above chart. Looking at a current ratio of 2.45 times, it is clear that QlikTech has very good
market liquidity especially when compared to the industry average and one of its competitors.
Because its total current assets are more than twice its current liabilities, the company should
have no problem paying its short-term debts. It is not unusual in an industry of this nature for a
firm to carry a zero or even negative balance in its inventory account. Neither of the two
companies in the above comparison carried inventory from one year to the next so a quick ratio
comparison using the indicated method was not possible. However, some companies use another
method which also eliminates prepaid expenses and other assets such as supplies. If the option to
eliminate inventory together with prepaids and supplies is used, a comparison is possible. Either
4. Evaluating Financial Health 4
way QlikTech exceeds the average for the industry. With this computation of quick ratio,
QlikTech would appear to be doing quite well with a quick ratio of 2.38 times, a figure well
above its competitors and industry. The competitor’s liquidity factor declined from the previous
year while Qlik’s liquidity increased ensuring proper cash flow levels for continued operations
and company growth.
Management Effectiveness
http://biz.yahoo.com/p/826conameu.html Fraser, L. M., & Ormiston,A. (2007). Understandingfinancial statements (8thed.).
Upper Saddle River, NJ: Pearson/Prentice Hall.
Both debt and equity comprise the assets of the company. These two types of financing
are used to fund the operations of the company. Management's most important job is to make
wise choices in allocating its resources to generate profit. The ROA figure indicates how
effectively the company converts investments into net income. The higher the ROA number, the
better the company looks to investors. QlikTech is earning less money on more investment
Return on Assets
QLIK SFSF Industry
2010 2009 2010 2009 2010 2009
𝑁𝑒𝑡 𝑖𝑛𝑐𝑜𝑚𝑒
𝑇𝑜𝑡𝑎𝑙 𝑎𝑠𝑠𝑒𝑡𝑠
13,516
265,064
6,861
102,967
(12,450)
577,413
(12,634)
408,697
0.05% 0.07% (0.02%) (0.03%) 6.80%
Return on Equity
𝑁𝑒𝑡 𝑖𝑛𝑐𝑜𝑚𝑒
𝑆ℎ𝑎𝑟𝑒ℎ𝑜𝑙𝑑𝑒 𝑟′ 𝑠 𝐸𝑞𝑢𝑖𝑡𝑦
13,516
159,190
6,861
(9,103)
(12,450)
271,329
(12,634)
202,503
0.08% --- (0.05%) (0.06%) 10.9%
Net Profit Margin
𝑁𝑒𝑡 𝑖𝑛𝑐𝑜𝑚𝑒
𝑇𝑜𝑡𝑎𝑙 𝑆𝑎𝑙𝑒𝑠
13,516
226,521
6,681
157,359
(12,450)
205,926
(12,634)
153,054
0.06% 0.04% (0.06%) (0.08%) 8.9%
5. Evaluating Financial Health 5
which needs to be turned around. The industry averages for income to assets and income to
equity are far greater than Qlik’s or even its competitors. Qlik can increase its ROA if it
increases operating profit margin by efficiently managing costs like marketing expenses,
general selling, and administrative expenses or by increasing total asset turnover by selling
inventories and collecting accounts receivables as quickly as possible.
Profitability
SFSF QLIK QSFT ORCL Industry
Market Cap: 3.02B 2.14B 2.28B 172.97B 35.71M
Employees: 1,047 780 3,460 105,000 127.00
Qtrly Rev Growth (yoy): 42.50% 31.60% 11.40% 36.90% 35.50%
Revenue (ttm): 205.93M 226.52M 767.10M 34.35B 38.06M
Gross Margin (ttm): 72.57% 89.53% 90.08% 75.34% 49.55%
EBITDA (ttm): -14.59M 29.89M 163.61M 13.63B 2.57M
Operating Margin (ttm): -11.34% 12.44% 15.72% 34.36% 8.88%
Net Income (ttm): -12.45M 10.87M 98.57M 7.70B N/A
EPS (ttm): -0.17 0.21 1.06 1.51 0.06
P/E (ttm): N/A 128.71 23.06 22.65 34.03
PEG (5 yr expected): 48.74 3.22 1.25 1.03 1.58
P/S (ttm): 14.57 9.56 2.97 4.98 1.70
When a company relies solely on information its managers continually receive through
informal impressions about competitors, they put the company at risk of dangerous competitive
blindspots. Performing regular systematic competitor analyses provide an offensive as well as
defensive marketing and strategic management of the strengths and weaknesses of current and
potential competitors identifying opportunities and threats. The above chart is expanded to
include three more competitors, one being the industry leader. This will give an idea of where
QlikTech needs to focus during the production process. The company that boasts a higher gross
profit margin than its competitors and industry is the more efficient company. QlikTech is right
.QSFT = Quest Software, Inc.
ORCL = Oracle Corp. (Industry Leader)
Industry = Business Software & Services
Yahoo, Inc. (2011). Yahoo!Finance. http://finance.yahoo.com/q/co?s=QLIK
M = Millions; B = Billions
ttm = Trailing Twelve Months (as of Dec 31, 2010)
yoy = Year Over Year (as of Dec 31, 2010)
6. Evaluating Financial Health 6
up there with the industry leader (Oracle Corp.) exceeding the industry average once again. With
continued control of overhead costs such as rent and utilities, QlickTech should be able to make
a decent profit.
http://finance.yahoo.com/q/bc?s=QLIK&t=1y&l=on&z=l&q=l&c=SFSF%2CQSFT%2CORCL%2CIND%2C^IXIC
Judging by Qlik’s stock performance for the past 6 months and ending on April 15, 2011
as illustrated in the above basic chart, QlikTech is performing very well in the Nasdaq stock
market. QlikTech rose above the others and hovered for a period of about 3½ months in the 6
month period covered by the chart.
The information covered in this analysis has proven QlikTech to be in very good shape
financially exhibiting very little risk in its existing capital structure, if any. Management
performs its duties in a highly efficient and growth inspiring manner. However, the money
provided by its investors could be better used to promote a larger return on investment. Cash
flow has not been a problem, but should be the focus for future growth and opportunities. Putting
a cap on sales, marketing, and administrative costs is recommended so the company will realize
future increased return on assets and operating profit margin. Given that technology business
software and services is an industry that has experienced rapid growth over the past decade and
is extremely competitive, Qlik Technologies, Inc. holds its own nicely.
7. Evaluating Financial Health 7
References
Fraser, L. M., & Ormiston, A. (2007). Understanding financial statements (8th ed.). Upper
Saddle River, NJ: Pearson/Prentice Hall.
Qlik Technologies, Inc. (2011). Form 10-K (annual report). Retrieved from
http://files.shareholder.com/downloads/ABEA-4QVVLE/1203541731x0xS950123-11-
25777/1305294/filing.pdf
Quest Software, Inc. (2010). SEC Filings. http://phx.corporate-
ir.net/phoenix.zhtml?c=95476&p=irol-sec&secCat01.5_rs=11&secCat01.5_rc=10
SuccessFactors, Inc. (2011). Investor – SEC Filings – annual filing. Retrieved from
http://www.successfactors.com/investor/sec/all/group/annual-filings/page/1/
Thomson Reuters (2011). Reuters Financials. Retrieved from
http://www.reuters.com/finance/stocks/ratios?symbol=QLIK.O
Thomson Reuters (2011). Reuters Financials. Retrieved from
http://www.reuters.com/finance/stocks/ratios?symbol=SFSF.O
Yahoo, Inc. (2011). Yahoo! Finance. Retrieved from http://biz.yahoo.com/p/826conameu.html
Yahoo, Inc. (2011). Yahoo! Finance. Retrieved from http://finance.yahoo.com/q/co?s=QLIK
Yahoo, Inc. (2011). Yahoo! Finance. Retrieved from http://finance.yahoo.com/q/co?s=SFSF