Continue using the data in Exhibit 8 2 for GIS, CPB, and SJM to estimate the value per share of K using a BV multiple Determine whether, based on this estimate, K is over or underpriced at its May 1, 2019 price of $59 39 Discuss the validity of the result and what drives your conclusions CPB SJM EXHIBIT 8 2 Data for Valuation Using Balance Sheet Multiples (in millions) GIS Operating value $ $29,831 Equity value $ $20,430 NOA $22,604 $12,002 Book value of equity $ 6,930 $ 2,601 NFL (NFA) $15,674 $ 9,401 Common shares outstanding 599 shares 344 shares $21,099 $11,534 $10,834 $ 1,269 $ 9,565 301 shares $20,004 $13,967 $14,059 $ 8,022 $ 6,037 114 shares

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Question: Continue using the data in Exhibit 8.2 for GIS, CPB, and SJM to estimate the value per share of K using a BV multiple. Determine

Continue using the data in Exhibit 8.2 for GIS, CPB, and SJM to estimate the value per share of K using a BV multiple. Determine whether, based on this estimate, K is over- or underpriced at its May 1, 2019 price of $59.39. Discuss the validity of the result and what drives your conclusions.

Continue using the data in Exhibit 8.2 for GIS, CPB, and SJM

CPB SJM EXHIBIT 8.2 Data for Valuation Using Balance Sheet Multiples (in millions) GIS Operating value $ $29,831 Equity value $ $20,430 NOA..... $22,604 $12,002 Book value of equity. $ 6,930 $ 2,601 NFL (NFA) .... $15,674 $ 9,401 Common shares outstanding. 599 shares 344 shares $21,099 $11,534 $10,834 $ 1,269 $ 9,565 301 shares $20,004 $13,967 $14,059 $ 8,022 $ 6,037 114 shares

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