Its my final assignment for corporate finance. Its an financial assignment on Netflix. There is clearly some disagreement about the financial situation of Netflix (NFLX). Consequently, a more in-depth analysis (over the last 5 years) is called for. 1) Executive summary: Review and select the most important facts and figures about Netflix, which, in your opinion, will enable a reasonably educated person to understand in which financial position Netflix is right now. Perform the same for Netflix’s earnings situation. Provide evidence for any and all claims you make. 2) Performance review: a. How is Netflix performing right now? Would you say that Netflix is earning adequate returns? Why or why not? b. How has Netflix’s performance changed over the last years? Why or why not? Which metric do think is most meaningful for this purpose? Why? 3) Capital structure review: a. Provide an overview of Netflix’s current capital structure and additionally identify anything out of the ordinary. b. Analyze all material (!) changes in Netflix’s capital structure over the last 5 years. Put an emphasis on: i. Can you reconcile your analysis of capital structure changes with the propositions of Modigliani and Miller? Why or why not? Provide evidence for your claims. ii. Do you find evidence that Netflix changes its capital structure in accordance with the pecking order theory? Why or why not? Provide evidence for your claims. iii. If you were Netflix’s financial advisor, what would you recommend? 4) Dividend policy review: a. Provide an overview of Netflix’s dividend policy of the last 5 years. When and why did Netflix: i. pay a cash dividend? ii. perform a share repurchase? iii. perform a stock split? iv. perform a reverse stock split? b. Can you find any evidence for the presence of a clientele effect? What would even constitute evidence in this case? c. Does Netflix engage in a so-called “high dividend policy”? Why or why not? Which evidence do you find? d. Do you see any evidence that Netflix acts upon shareholder pressure? Which evidence can you present? 5) Risk review: a. Calculate Netflix’s CAPM beta coefficient and provide an interpretation b. Compare Netflix’s CAPM efficient to the beta of its main competitor and explain in detail: i. how you calculated Netflix’s beta, ii. which input parameters you used, iii. the data of which period you processed (Hint: you need not stick to 5 years here!), and iv. how you selected the main competitor (Note: you need not calculate the beta of the main competitor as well – you may look it up) v. Which of the 2 firms is the riskier investment in your opinion? Why? 6) Portfolio theory: Imagine a portfolio consisting of any full percentage (0% – 100%) of Netflix stock (NFLX) and any full percentage of fellow NASDAQ listed firm Wynn Resorts (WYNN). This means you could have a “portfolio” consisting only of Netflix stocks, only of Wynn Resort stocks or any mix in between. a. Calculate and interpret the average returns of Netflix and Wynn Resort stocks individually using stock price data from the last 5 years. b. Calculate and interpret the standard deviations of Netflix and Wynn Resort stocks returns individually using stock price data from the last 5 years. c. Plot all possible portfolios resulting from the combinations of the stocks of Netflix and Wynn Resorts in a risk-return diagram. Indicate the minimum variance portfolio (MV), the opportunity set (a.k.a. the feasible set), the efficient frontier as well as the inefficient frontier (a.k.a. the “idiot curve”). d. Imagine you could only use stock price data from the last 4 months (starting November 2019). How and why would your risk-return diagram change?
Top Quality and Well-Researched Papers
We offer top-quality and well-researched assignment papers at low prices. We believe in offering the best quality services as we care about your grades, academic performance, and success. Our writers range from masters and Ph.D. graduates to professors. Our panel of expert academic writers does not rest until they are 100% sure your essay will score you an A+ only.
Professional and Experienced Academic Writers
Our writing company has the best panel of experienced academic and business writers. Our writers have experience of up to 9 years in the writing industry. They will go the extra mile to make sure you are handing in a quality A+ paper. If you are a student searching for any academic help, I advise you to seek for our experts' help.
Free Unlimited Revisions
Our clients frequently ask if they will be liable to free revisions once they place an assignment order with us. However, how many times you ask for revisions, our academic experts will help you. Either way, there is no need to worry as we provide free revisions. We are always after our clients’ satisfaction, and we are very proud to say that all our clients are satisfied with our writing services.
Prompt Delivery and 100% Money-Back-Guarantee
We are strict when it comes to assignments deadlines. We make sure our writers keep in mind the assignment delivery time. Because we care about clients, we go that extra mile to make sure you do not face those consequences. Whatever the deadline, we promise our clients a prompt delivery.
Are our charges too cheap for you to believe? Here at Assignments Ace, we offer quality assignment help at affordable prices. Our prices are substantive to cater to all students. Every time you place your assignment order with us, you are guaranteed a 15% discount.In addition, new clients enjoy a discount of 30% when placing their first order with us.
Customer Support 24/7
Do you have any queries for us? Or do you want to consult with our expert academic writers? Go ahead and contact us. We have 24/7 online friendly customer service. Whatever time of the day or night, we are always available for you. You can chat with us via our online chat services or contact us via our email, [email protected]
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Our assignments help website is the most internationally sought-after site because we offer a wide range of top-quality services at low prices. Our proud history as an assignment help company stretches back nine years. We do offer Top Quality, Well-Researched Papers and Online classes to help students internationally. We do both of these things at cheap affordable prices by offering up to a 30% discount.
Writing an essay is one of the most tedious tasks that require a lot of concentration and research. Writing an essay takes hours and even up days. We offer the best custom writing service and have your best interests in mind. Most online writing industries do not have qualified writers and are just after your money. Worry less, our writers who have enough experience are ready to give you the help you need. Our writers are carefully selected and undergo some tests to prove their professionalism.
Are you applying for a college? We help students join their dream college by writing for them strong admission papers that showcases their qualities and personalities. An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. We utilize statements of purpose, personal statements, and personal essays to make a compelling case by stating your leadership activities, education, accomplishments, and professional background.
Editing and Proofreading
We offer an abundance of online proofreading and editing services for our clients. By definition, proofreading is the final surface-level check done on a document. Other academic writing companies offer editing and proofreading as separate services. At our assignment help website, we offer editing and proofreading services as one complete package at affordable cheap prices. Grab your 30% Coupon if you order today!!!
Are you a student pursuing an MBA in business, no need to look any further? We offer the best assignment help as we have the top niche MBA business writers who will give you A+ assignments. Over the years, our experts have helped students accomplish their academic dreams. We have helped thousands of students complete their business assignments with confidence.Grab your 30% Coupon if you order today!!!