Financial Analysis Camaïeu

Financial

 Analysis

  Camille

 Chandaras

 –

 Pierre-­‐Olivier

 B

 ouchot

 –

 Elie

 Bernard

 –

 Boukhiar

 Handelaoui

  Anaïs

 Caroff

 –

 Marie

 Tariant

 –

 Victoria

 Veau

 de

 Lanouvelle

 ESC

 RENNES

 –

 PGE

 2

 –

 GROUPE

 K

 12th

 of

 November

 2013

 For

 Mister

 Jean-­‐David

 DARSA

1

SUM M ARY

METHODOLOGY INTRODUCTION I. 1) 2) 3) II. 1) 2) 3) III. 1) 2) 3) IV. 1) 2) 3) V. 1) 2) VI. 1) 2) 3) VII. 1) COMPANY OVERVIEW H ISTORIC OF THE COMPANY C AMAÏEU AT THE INTERNATIONAL C OMPETITORS REASON OF DIAGNOSTIC T HE DISFONCTIONALITIES T HE SOLUTION S PECIFIC ISSUES FINANCIAL OVERVIEW C AMAÏEU ’ S FINANCIAL OVERVIEW H OW C AMAÏEU IS FINANCED ? H OW DOES THE COMPANY EMPLOYED ITS RESOURCES ? W EALTH CREATION M ARGIN ANALYSIS S CISSORS EFFECT B REAKEVEN POINT CAPITAL EMPLOYED POLICY C APITAL EMPLOYED W ORKING CAPITAL FINANCING POLICY C ASH FLOW E QUITY & DEBTS L IQUIDITY PROFITABILITY A NALYSIS ON RETURNS 3 3 4 4 4 4 5 5 5 5 5 5 5 6 6 6 7 8 9 9 9 12 12 14 17 19 19 22 23 24 25 28 30 32 32 34 36 36 36

RECOMMENDATIONS CONCLUSION APPENDIX I. BALANCE SHEET

INCOME STATEMENT CASH FLOW STATEMENT COMPETITOR’S STATEMENT 1) 2) ZARA ETAM

CALCULUS 1) B REAKEVEN POINT

SOURCES

2

Methodology

  To

  build

  our

  analysis

  we

  focused

  on

  2008,

  2009

  and

  2010.

  We

  have

  chosen

  this

  period

  because

 Camaïeu

 was

 an

 independent

 group

 before

 2010

 and

 then

 it

 has

 been

 purchased

 by

  a

  shareholder.

  Therefore

  we

  thought

  it

  could

  be

  an

  interesting

  challenge

  to

  understand

 ...