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Author: Fredrik Pedersen Publisher: ISBN: Category : Languages : en Pages : 142
Book Description
The goal of this thesis is to determine the share price of Q-Cells SE, a German company within the solar energy sector, traded on the Frankfurt stock exchange. The company has since it's foundation in 1999 experienced a significant growth and is today a market leader within their industry with sales passing ? 1250 million in 2008. Q-Cells SE has currently employed 2500 employees all over the world; in addition they are engaged with five joint ventures and associated companies. The strategic analysis reveals a company with a significant foothold in its industry and good possibilities for influencing its current and future surroundings. As the market leader the company gains economies of scale and has a robust financial platform. The company is constantly developing within new technologies through R&D and acquisitions; as a result it has a strong technology base with solid positions in the future prevailing technologies, which makes it competitive for the future. The financial statement analysis reveals that the company has a robust and solid economy, with strong solidity, liquidity and profitability. The equity ratio of 66 % puts the company in a good position for further growth and more independent strategically choices. The calculation of the share value is a result of the estimation of future financial performance, and by employing the DCF- and EVA valuation models; we arrived at a share price of ? 15.16. Our estimate is 3.12 % higher than the share price traded 22.06.2009 on the Frankfurt stock exchange, it indicates that the stock at that moment is traded at a discount, which is to some extent supported by the price multiples, which all rank Q-Cells as a better investment than its comparable competitor, Solar World.
Author: Fredrik Pedersen Publisher: ISBN: Category : Languages : en Pages : 142
Book Description
The goal of this thesis is to determine the share price of Q-Cells SE, a German company within the solar energy sector, traded on the Frankfurt stock exchange. The company has since it's foundation in 1999 experienced a significant growth and is today a market leader within their industry with sales passing ? 1250 million in 2008. Q-Cells SE has currently employed 2500 employees all over the world; in addition they are engaged with five joint ventures and associated companies. The strategic analysis reveals a company with a significant foothold in its industry and good possibilities for influencing its current and future surroundings. As the market leader the company gains economies of scale and has a robust financial platform. The company is constantly developing within new technologies through R&D and acquisitions; as a result it has a strong technology base with solid positions in the future prevailing technologies, which makes it competitive for the future. The financial statement analysis reveals that the company has a robust and solid economy, with strong solidity, liquidity and profitability. The equity ratio of 66 % puts the company in a good position for further growth and more independent strategically choices. The calculation of the share value is a result of the estimation of future financial performance, and by employing the DCF- and EVA valuation models; we arrived at a share price of ? 15.16. Our estimate is 3.12 % higher than the share price traded 22.06.2009 on the Frankfurt stock exchange, it indicates that the stock at that moment is traded at a discount, which is to some extent supported by the price multiples, which all rank Q-Cells as a better investment than its comparable competitor, Solar World.
Author: Björn Möller Publisher: GRIN Verlag ISBN: 3640761707 Category : Business & Economics Languages : en Pages : 89
Book Description
Project Report from the year 2010 in the subject Business economics - Industrial Management, grade: 1,0, Anglia Ruskin University, language: English, abstract: This report presents the findings of an independent business analysis project study of Q-Cells as part of the solar industry. The purpose of this assessment was to evaluate the company's current situation, as well as to maintain the economic and strategic sustainability of Q-Cells, one of the world's largest solar cell manufacturers. Furthermore, the report deals with a strategic issue, namely, globalisation and its influence on the company and on Q-Cells' two main competitors. This report summarizes the results of a business analysis project based on information collected during the field work. In detail, this report addresses the following issues: - Situational audit: What is the company's current situation? What are its resources and capabilities? What are its core competences? - Globalisation: What criteria define globalisation? What impact does globalisation have on Q-Cells? And how about on the company's two competitors, Solon and Conergy? - Interpretation: What are the strategic options for a sustainable strategy? What actions need to be taken in order to maintain a sustainable position? What effect will a possible strategic alignment have on the company and its numbers? Several approaches are applied within the analytical framework. The recommended measures will be critically appraised based on a literature review in order to identify the potential limitations and obstacles the business analysis project may face. The following frameworks/tools are applied to the different areas of research: - Situational audit: Resources and capabilities, Porter's 8 Forces analysis, PESTLE, - Strategic alignment: Key success factors and strategy map. To ensure that the recommended actions are feasible, suitable, and adaptable to future developments, key figures will be used for the measurements.
Author: Yuning Gao Publisher: Taylor & Francis ISBN: 1136664513 Category : Business & Economics Languages : en Pages : 246
Book Description
Is China becoming the "workshop of the world" in the same way as Britain and the United States once were; or is China – as some multinational companies believe – simply a processing segment in global production networks? This book examines China’s role in the international division of labor: it analyzes the scale and scope of China’s manufacture; the type and relative sophistication of its exports in the world market; and its position in the global value chain. It shows that China monopolizes industrial production by being the processing center of world. Based on extensive original research, this book examines the structure of production in global manufacturing industries, applying both qualitative and quantitative methods. It analyzes each segment of the value chain, exploring in depth several specific industrial sectors. It concludes that China has become deeply integrated into global manufacturing industry; that China’s position in the value chain is still quite low, with relatively low research and development (R&D) and other similar high-value activities; but that, in some sectors, China is catching up rapidly, especially in newly emerging sectors.
Author: Walter Short Publisher: ISBN: 9781410221056 Category : Business & Economics Languages : en Pages : 96
Book Description
A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies provides guidance on economic evaluation approaches, metrics, and levels of detail required, while offering a consistent basis on which analysts can perform analyses using standard assumptions and bases. It not only provides information on the primary economic measures used in economic analyses and the fundamentals of finance but also provides guidance focused on the special considerations required in the economic evaluation of energy efficiency and renewable energy systems.
Author: Sio-iong Ao Publisher: World Scientific ISBN: 9814667374 Category : Technology & Engineering Languages : en Pages : 523
Book Description
Two large international conferences on Advances in Engineering Sciences were held in Hong Kong, March 12-14, 2014, under the International MultiConference of Engineers and Computer Scientists (IMECS 2014), and in London, UK, 2-4 July, 2014, under the World Congress on Engineering 2014 (WCE 2014) respectively. This volume contains 37 revised and extended research articles written by prominent researchers participating in the conferences. Topics covered include engineering mathematics, computer science, electrical engineering, manufacturing engineering, industrial engineering, and industrial applications. The book offers tremendous state-of-the-art advances in engineering sciences and also serves as an excellent reference work for researchers and graduate students working with/on engineering sciences.
Author: Mohd Azlan Hussain Publisher: MDPI ISBN: 3036505741 Category : Technology & Engineering Languages : en Pages : 130
Book Description
In this Special Issue, we have several papers related to fuel-cell-based cogeneration systems; the management and control of fuel cell systems; the analysis, simulation, and operation of different types of fuel cells; modelling and online experimental validation; and the environment assessment of cathode materials in lithium-ion battery energy generation systems. A paper which gives a comprehensive review with technical guidelines for the design and operation of fuel cells, especially in a cogeneration system setup, which can be an important source of references for the optimal design and operation of various types of fuel cells in cogeneration systems, can also be found in this Special Issue.
Author: Fredrik Pedersen
Author: Fredrik Pedersen
Author: Björn Möller
Author: Yuning Gao
Author: Walter Short
Author: 
Author: United States. Energy Research and Development Administration
Author: 
Author: Sio-iong Ao
Author: 
Author: Mohd Azlan Hussain