価値創造戦略、アクティビスト対応

How We Help Clients with Value Creation in Business and Activism Defense

Whether an organization is focused on creating value in business, justifying a high multiple, guarding against an activist shareholder attack, or overcoming a new activist campaign, our value creation consulting team has the relevant experience. In our value creation strategy work with clients, we:

• Consider how to maximize shareholder value of current corporate and business strategies. What is the future cash flow from each of the corporation’s businesses likely to be—and how does it ladder up to an estimate of the company’s future multiple and TSR? What strategic options exist to enhance performance?
• Determine the optimal capital structure and best use for excess cash. When it comes to funding investments, what is the right mix of free cash flow, equity, and debt? And since most financially healthy companies generate cash well in excess of their reinvestment needs, how much of that cash should remain on the balance sheet versus being returned to investors via dividends and buybacks? Finally, how does the capital structure change under different strategic assumptions?
• Evaluate and optimize the match between the value creation strategy and the investor base. Do investors see the strategy as credible and consistent with their investment priorities? If not, what needs to change: the strategy, the shareholders, or both?

株主価値創造とアクティビストに関するBCGの支援事例

価値創造の新たな波を起こしたいのか、高バリュエーションを正当化したいのか、アクティビストの攻撃から自社を守りたいのか、新たなアクティビスト・キャンペーンを克服したいのか。BCGには、企業のあらゆるニーズに関連するプロジェクト経験があります。以下にその一端をご紹介します。