Fiat Autos will represent less than half of Fiat Group's sales in 2009, and just over a third of its profits, according a sum-of-parts analysis of Fiat's divisions done by Morgan Stanley analyst Max Warbuton.
The method used involves decomposition of the dynamics about the target cycle into tangential and transverse components, and a search for a Lyapunov function in the transverse dynamics using sum-of-squares analysis (semidefinite programming).
Financially oriented tools of standard capital budgeting analysis: IRR, option pricing, EBITDA multiples, sum of parts analysis, adjusted present value (APV), LBO analysis, and relative values.
Desktop valuation includes techniques such as discounted cash flow and its variations including NPV, IRR, option pricing, EBITDA multiples, sum of parts analysis, adjusted present value, LBO analysis, and relative values.
The model parameters were estimated by nonlinear minimum sum of squares analysis (i.e. the differences between the predicted and measured values) using the Marquardt algorithm.
The sum of our analysis has uncovered a persistent gene expression pattern in hiPSCs that appears to be related to the specific tissue of origin.
Number of proteins and peptides are the sum of triplicate analysis with a false-discovery rate (FDR) of 1%.
The final score (maximum 300) is calculated from the sum of: Statistical analysis was performed using the SPSS statistical package (version 9.0).
The only reference to any financial analysis of their own was on page 17, when Messrs. Greenhill and Williams wrote that they "performed a sum-of-the-parts analysis assuming a range of assumptions and believe our estimates and adjustments to be based on reasonable and rational business judgments based on the currently available public information".
But the available information does support a rough sum-of-the-parts analysis.
