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"If an investor is willing to pay 595p for Sainsbury on property considerations then on the same valuation drivers, Morrison should be trading on 383," said Dresdner.
The main valuation drivers.
"These are the company's key valuation drivers".
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The equity rally in Asia doubtless has a valuation driver at work, too, especially after an 18 percent fall last year.
Here, a choice experiment explores drivers of valuation and willingness to pay for forest carbon services in voluntary markets in Mexico by comparing the valuation of citizens from four regions to test geographical preference for projects (n = 645).
Standard financial models may be used in such cases but as supplements to capability design, rather than as the primary drivers of valuation.
Valuation is the main driver.
Morningstar analyst Anil Daka says ITT's cheap valuation was likely a driver for the breakup.
Financial models were often used in such cases but as supplements rather than as primary drivers of deal valuation.
For chief executives, by contrast, "valuation" is the "most common driver of conflict," followed by burn rates and exit strategies, according to the survey.
That message came through in several ways this week, in decisions by corporate boards to pursue mergers despite high valuations, in the determination of drivers to burn more gasoline regardless of near record prices, and in the assumption that consumers will gladly pay twice as much for the latest electronic playthings.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com