Business Analysis and valuation on Hanoi Milk Joint Stock Company
Abstract
This paper aims to apply valuation method on the Ha Noi Milk Joint Stock Company (HNM). The first stage of the process is the analysis of Vietnam’s economy as well as the industry which is the company’s field of activity. Following to this, the thesis will examine HNM’s strategies and historical financial performance in order to forecast HNM’s prospects. Consequently, it needs to conduct Discounted Cash Flow valuation approach to appraise the company’s intrinsic value. The study found out that HNM is at lower position compared with other competitors in the
industry. Therefore, it also suggested some solutions for HNM’s issues.