Corporate Performance Measurement(英文版)(ppt 106頁)

Corporate Performance Measurement(英文版)目錄：
1、Executive Summary
2、Objectives
3、Background
4、Performance Measurement Framework
5、Market Value Added (MVA)
6、Economic Profit (EP)
7、Cash Flow Return on Investment (CFROI)
8、Exercises
9、Case Study - Diageo

Corporate Performance Measurement(英文版)內容提要：
There are three objectives of the Corporate Performance Measures Module:
To define the most popular measures of corporate performance
To explain the significance of these measures in the corporate environment and potential applications in Bain’s strategy work
To outline calculations of each performance measure
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Link to EP - Example：
After extensive work by a diligent Bain team, Acme Industries is expected to generate $25M in economic profits next year, which is expected to grow at 3% forever. If the cost of capital is 13% and the invested Capital is $100M, what is the MVA and the market value of the company?
……

Break-Even Example - 70% Debt / 30% Equity Revisited：
If you could buy the same factory for ?100K, but could only finance 70% with debt and required equity for the remaining 30%, how much after-tax profit would you require to break-even?
assume tax rate = 40%
assume cost of equity = 15%

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