代做CASES IN FINANCIAL MANAGEMENT AND CONTROL (MMM054)代写留学生Matlab语言

日期：2024-07-20 04:28

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