Memorandum
Autor: 启璠 姚 • September 14, 2016 • Essay • 1,060 Words (5 Pages) • 620 Views
MEMORANDUM
TO: Manager
FROM: Qifan Yao, Yaran Yang, Analysts
DATE: Oct 7, 2015
SUBJECT: Recommendation of Selling BUD
My manager has asked me to prepare a memo comparing and contrasting Anheuser-Busch InBev NV (BUD) with its industry competitors. I picked Dr Pepper Snapple Group, Inc. (DPS), Boston Beer Co. Inc. (SAM), and Coca-Cola Co/The (KO) as competitors of BUD. As a result of my research, I recommend selling all InBev’s stocks.
The following chart contains data that I will refer to in this memo.
Anheuser-Busch InBev NV | Dr Pepper Snapple Group, Inc. | Boston Beer Co. Inc. (craft brewing) | Coca-Cola Co/The | |
Ticker | BUD | DPS | SAM | KO |
Stock Price(10/7/15) | 110.96 | 83.11 | 222.17 | 41.52 |
Sales(Jun 30, 2015) | 11,052,000 | 1,655,000 | 252,204 | 12,156,000 |
Sales(March 31, 2015) | 10,453,000 | 1,451,000 | 199,503 | 10,711,000 |
Sales growth(Qrtly) | 5.73% | 14.06% | 26.42% | 13.49% |
Net Income(Jun 30, 2015) | 2,263,000 | 220,000 | 29,932 | 3,108,000 |
Net Income(March 31, 2015) | 3,098,000 | 157,000 | 13,743 | 1,557,000 |
Net Income Growth(Qrtly) | -26.95% | 40.13% | 117.80% | 99.61% |
Trailing P/E | 19.20 | 22.66 | 30.12 | 24.31 |
ROA | 6.38% | 9.16% | 16.66% | 7.10% |
Chart 1
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