Duke Energy Corp. (DUK) Rating: Buy Patrick Matchell Fall 2005.

Slides:

Advertisements

Similar presentations

July 18, 2008, Atlas Copco Group Q2 Results July 18, 2008.

Advertisements

February 4, 2008, Atlas Copco Group Q4 Results February 4, 2008.

Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved. Reporting and Interpreting Investments in Other Corporations Chapter 12.

1 April 11, SAFE HARBOR This presentation contains certain forward-looking statements which involve known and unknown risks, uncertainties or.

When Thinking About Valuation…  Key valuation questions are:  What is the company worth?  What would another party pay?  Remember that valuation involves.

1 CINCINNATI FINANCIAL CORPORATION Credit Suisse First Boston 2005 Annual Insurance Conference November 2005.

Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved. Reporting and Interpreting Owners’ Equity Chapter 11.

MGT 497 Financial, Trends, Ratios

General Electric (GE) John Myers Rob Park Matt Richter Tuesday, November 22, 2005.

McGraw-Hill/Irwin Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved Chapter Twelve: Income and Changes in Retained Earnings.

McGraw-Hill/Irwin © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. Equity Valuation CHAPTER 13.

Business Portfolio Adding Value to Investors Luiz Fernando Rolla CFO October, 2008.

2 Current Stock Facts (NUE) Stock Price Market Capitalization 8.7B Beta1.64 EPS 7.02 DPS 0.6 P/E 6.3% Dividend Yield 1.1% Dividend Payout Ratio.

Fall-02 Investments Zvi Wiener tel: Financial Statement Analysis BKM.

Morgan Stanley December 7th, 2004 By Adam Freda.

Energy Sector Proposal: Hold 125 Enron Proposal: Hold 125 Enron Hold 400 Exxon Hold 400 Exxon Hold 125 El Paso Hold 125 El Paso.

12-1 PowerPoint Authors: Susan Coomer Galbreath, Ph.D., CPA Charles W. Caldwell, D.B.A., CMA Jon A. Booker, Ph.D., CPA, CIA Cynthia J. Rooney, Ph.D., CPA.

ORRSTOWN FINANCIAL SERVICES (ORRF) Katelyn Howard.

FINANCIAL STATEMENT ANALYSIS UNIT 12 Analysing financial statements involves evaluating three characteristics of a company: 1. its liquidity 2. its profitability.

Today's Merger & Acquisition Environment for PEOs John R. Hammett Managing Director, Head of M&A Cherry Tree Securities.

Financial Statement Analysis

Business Finance (MGT 232)

CHAPTER 18 Investments Equity Valuation Models Slides by Richard D. Johnson Copyright © 2008 by The McGraw-Hill Companies, Inc. All rights reserved McGraw-Hill/Irwin.

Strategy and Research Samuel Kunz, CFA, MFTA. For Financial Professional Use Only Samuel Kunz, CFA, MFTA - Strategy and Research SELECTION PROCESS ›Macro.

AC303 lecture 4 Methods of group accounting –Joint venture –Simple investment Other methods used for group accounting –Proportional method –Merger accounting.

Recommendation: Buy Energy Income and Growth Fund (FEN)

16 October The SKF Group Nine-month results 2008 Tom Johnstone, President and CEO.

2007 Financial Overview. Agenda Highlights Financial Highlights Three-Phase Development Process New Product Development Process Income Balance Sheet Revenue.

ALLIANCE RESOURCE PARTNERS, L.P. Ticker: ARLP Last Price: Fair Value: $50.30 Market Cap: 1.60 B Yield: 7.3% Recommendation: BUY.

W.I.S.E. INVE$TOR$ CLUB Stock Study Guide Sections 2 & 3 Created by: Marlene A. Jordan.

© The McGraw-Hill Companies, Inc., 2008 McGraw-Hill/Irwin Financial & Managerial Accounting The Basis for Business Decisions FOURTEENTH EDITION Williams.

FUNDAMENTAL ANALYSIS Business Profile Linn Energy is an independent oil and gas company that engages in the acquisition and development of oil and gas.

DeMarche Update on Uses of Cash & Subsequent Returns on Share Prices June 6, 2012 W. Mark Meierhoffer Practice Leader and Senior Consultant Windy City.

April 27, Atlas Copco Group Q1 Results April 27, 2005.

Chapter 9: Financial Statement Analysis

July 17, Atlas Copco Group Q2 Results July 17, 2006.

October 22, 2009, Atlas Copco Group Q3 Results October 22, 2009.

Evaluating a Firm’s Financial Performance Evaluating a Firm’s Financial Performance , Prentice Hall, Inc.

Chapter 14.  To make informed decisions about a company  Generally based on comparative financial data ◦ From one year to the next ◦ With a competing.

Information Technology Finance 724/824 SIM Class Christopher Moran Suresh Ramasubramanian Sean Ramsey.

Magna International Meeting of Shareholders May 2, 2006 Vincent J. Galifi Executive Vice-President and Chief Financial Officer.

0 15 July The SKF Group Half-year results 2008 Tom Johnstone, President and CEO.

Paul J. Evanson President Florida Power & Light Company Gabelli Asset Management Company 18 th Annual Conference May 17, 2003.

Chapter 14 EQUITY VALUATION How to Find Your Bearings.

Duke Energy Corp. Ryan King, Eric Van Dam, Maureen Barney, Mona Bidasaria 10/25/05.

Analyzing Financial Statements

PowerPoint Authors: Susan Coomer Galbreath, Ph.D., CPA Charles W Caldwell, D.B.A., CMA Jon A. Booker, Ph.D., CPA, CIA Cynthia J. Rooney, Ph.D., CPA APPENDIX.

McGraw-Hill/Irwin Copyright © 2005 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 19 Financial Statement Analysis.

October 22, Atlas Copco Group Q3 Results October 22, 2004.

Atlas Copco Group Q3 Results October 23, Page 2 October 23, 2001www.atlascopco-group.com Contents  Market Development  Business Areas  Financials.

July 16, 2007, Atlas Copco Group Q2 Results July 16, 2007.

Atlas Copco Group Q1 Results Stockholm, April 26, 2001.

Atlas Copco Group Q4 Results February 14, Page 2 February 14, 2002www.atlascopco-group.com Contents  Q4 Highlights and strategic moves  Market.

Group Handout Atlas Copco Group – September 30 th 2000 The face of interaction.

Atlas Copco Group Q2 Results July 18, Page 2 July 18, 2002www.atlascopco-group.com Contents  Q2 Highlights  Market Development  Business Areas.

Giulio Mazzalupi Atlas Copco Group - Q4 Results Stockholm, February 12, 2001.

The SKF Group Half-year result 2003 Tom Johnstone President and CEO.

1 22 May 2007 Interim Results First Quarter IMAREX NOS ASA Oslo, 22 May 2007.

First Quarter 2013 Earnings Conference Call April 18, 2013.

Oppenheimer Industrial Growth Conference May 14, 2014.

McGraw-Hill/Irwin © 2007 The McGraw-Hill Companies, Inc., All Rights Reserved. Financial Statement Analysis CHAPTER 13.

1 ARM Holdings plc Annual General Meeting Warren East - CEO 2 May 2013.

July 16, Atlas Copco Group Q2 Results July 16, 2004.

Third Quarter 2012 Earnings Conference Call October 18, 2012

First Quarter Fiscal Year 2009 Financial Results December 19, 2008

Analyzing Financial Statements

Financial Statement Analysis

Financial Statement Analysis

Q2 Results Stockholm, July 19, 2001

Michael Korn Mario Knezevic Sashi Kommineni

Presentation transcript:

Duke Energy Corp. (DUK) Rating: Buy Patrick Matchell Fall 2005

Company Overview Company is comprised of 6 divisions –Franchise Electric (34%) –Natural Gas Transmission (32%) –Duke Energy North America (DNEA) (13%) –Field Services (50 / 50 JV) (12%) –International Energy (6%) –Crescent Resources (3%) % = percent of total assets

Business Environment Still recovering from Enron collapse and deregulation. Consolidation to increase due to repeal of Public Utility Holding Company Act of Industry wide repair of highly leveraged balance sheets.

Current Events June June Announced merger with Cinergy Announced merger with Cinergy July July Energy Bill passed allowing over $14 billion in tax credits July July Duke power customers set record for use of electricity

Investment Highlights Growth rate for next quarter is at 56.5% –Industry average at 6.8% Increased dividend by 13% in June –Yield currently over 4% Over $1 billion in cash reserves Selling assets with high risk and negative returns (DENA Segment) Continuing to acquire

More Investment Highlights Upward revision of earnings –Revised EPS of $1.65 from $1.60 Increasing liquidity by repaying LTD Leader in low carbon technologies 5 Star S&P Rating

Key Price Drivers Q3 Earnings results Price of DENA asset sales Completion of Cinergy merger Further strategic acquisitions IPO of master limited partnership Impact from Hurricanes

Technical Analysis

Entry / Exit Entry price: between $27.50 – Entry time: next days; before earnings Target Price (12 Month): $35 - $36 (estimated 2006 EPS $1.75 x 20 P/E Multiple) Holding Period Return: Approximately 29.5% (including dividends) (including dividends)