代做CASES IN FINANCIAL MANAGEMENT AND CONTROL (MMM054)代写留学生Matlab语言
- 首页 >> C/C++编程April/ May 2023 MMM054 2022/3 A 800
Case study: InterContinental Hotels Group PLC
CASES IN FINANCIAL MANAGEMENT AND CONTROL (MMM054)
1. With reference to the case study material, your knowledge from this module, and trends and ratios from suggested table (See Appendix), critically discuss the financial performance and share price of InterContinental Hotels Group PLC over the 5-year period from 2017 to 2021. You should analyse the performance of the segments as well as the Group as a whole. (45 Marks)
2. Use case study material and your knowledge to analyse and comment on the dividend policy of InterContinental Hotels Group PLC. Refer to relevant dividend theories where appropriate. (15 Marks)
3. Calculate the current ratio and gearing ratio for 2021; critically comment on the ratios referring to the case study material. (10 Marks)
4. InterContinental Hotels Group PLC has a price/earnings (P/E) ratio of 27.71 in year 2022. Please comment on the valuation by comparing it with a competitor company with a P/E ratio of 19.56 (e.g. Whitbread PLC). Critically compare the P/E ratio for business valuation with enterprise multiples (30 marks)
(Total: 100 Marks)
*Round all numbers to one decimal place.
Appendix: Suggested ratio table
|
Trends |
From 2020 to 2021 |
From 2019 to 2020 |
From 2018 to 2019 |
From 2017 to 2018 |
|
|
|
Change in revenue: £m |
|
|
|
|
|
|
|
Change in revenue: as a % |
|
|
|
|
|
|
|
Change in operating profit: £m |
|
|
|
|
|
|
|
Change in operating profit: as a % |
|
|
|
|
|
|
|
Ratios |
Show workings for 2021 only |
2021 |
2020 |
2019 |
2018 |
2017 |
|
Operating Profit Margin |
|
|
|
|
|
|
|
Capital employed (long term borrowings + equity) |
|
|
|
|
|
|
|
Return on Capital Employed |
|
|
|
|
|
|
|
Return on Equity |
|
|
|
|
|
|