Supreena Narayanan (),
Nikesh Agarwal,
Leisha Weissenberger and
Marta Wisniewska Additional contact information Nikesh Agarwal: Stockholm School of Economics
Leisha Weissenberger: Stockholm School of Economics
Marta Wisniewska: Stockholm School of Economics
Abstract:
This paper presents the valuation of Boca Resorts Inc. a luxury recreational lodging business based in the United States. The McKinsey model was implemented in order to conduct this valuation. The final equity value obtained in this valuation is lower than the market value of the firm and this discrepancy reflects several alternative explanations. The value of the firm was found to be quite sensitive to several factors and thus different scenarios which reflect changes in these assumptions have been tested. The paper concludes with possible explanations for the firm’s market value.
JEL-codes:G (search for similar items in EconPapers) New Economics Papers: this item is included in nep-fin Date: 2004-12-09 Note: Type of Document - pdf; pages: 25