In early March 2012 in Gurgaon, India, an investor sat at home investigating the most recent fiscal information about Apollo Tyres Limited, the prominent tire manufacturer in India. Over the past decade, the business had considerably diversified its product and geographic combination through organic strategic and investment acquisitions and had experienced exceptional growth opportunities.
Yet, after almost doubling between 2007 and 2010, its share price hadn't seen any significant appreciation in the past two years, delivering only 12 per cent return between 2010 and 2012. Would this be a great investment? He decided to make use of the free cash flow discounting valuation technique to identify and value this high growth but undervalued stock.
PUBLICATION DATE: November 11, 2014 PRODUCT #: W14561-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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