個案資料
了解個案內容與學習目標，選擇授課教師及使用課程。
Ashiana Housing Ltd.: The Right Time to Invest?
內容大綱
Ashiana Housing Ltd. (Ashiana) was a small real estate developer in India, specializing in mid-priced domestic housing. The company was tightly run and had attracted investment interest from large reputable firms, but its financial performance had recently deteriorated—a state that was reflected in the company’s declining share price. The industry was also undergoing change with far-reaching reforms, which was leading to consolidation and the exit of smaller players. Did Ashiana have the right business strategy for the market and was this the right time to invest in the company?
學習目標
The case is intended to be taught in graduate-level courses related to financial statement analysis and business valuation. The case would be best used toward the second half of courses, after the basic valuation concepts have been covered. After working through the case and assignment questions, students will be able to do the following:<ul><li>Undertake a financial analysis to understand the financial position of a cyclical company.</li><li>Understand the effect of revenue recognition methods on financial statements.</li><li>Value a cyclical company with negative cashflow.</li></ul>