Financial Statement Analysis and Valuation Assignment

Financial Statement Analysis and Valuation - Assignment Example The organization has a rich history which dates back to the industrial revolution. The company was founded on September 19, 1759. The human capital of the firm is what has made this organization so successful. The biggest companies in the world are recognized by their talent and the attitude of their people (Martinez, 2014). The global workforce of the firm is composed of 49,700 employees. The majority employees of the firm are located in the UK and Europe. GKN has operations in 33 countries across five continents. GKN has expanded its operations using both wholly owned subsidiaries and joint ventures. The strategy of the organization is to maximize shareholder value by growing its earnings, dividends paid to shareholders, and maintaining sustainable growth in sales, profitability, and cash generation (Gkn, 2015). A main competitor of the company is Meggit PLC. Meggit PLC is a global engineering company that specializes in extreme environment components and smart sub-systems for aerospace and energy markets (Meggit, 2015). The global workforce of this firm is composed of 10,000 employees and the operations of the company are located across Asia, Europe, North America, Brazil, India, and the Middle East. One of the goals of the corporate governance initiatives of the company is to maintain internal control. The board of directors of the company is composed of nine members. Kevin Cummings is the chief executive officer (CEO) of the firm. Within the board of directors there are four committees. These four committees are the executive committee, audit committee, remuneration committee and nominations committee. Over the last few years three of the awards that the company has won include Quality Achievement Award 2013, Excellent Quality Supplier Award, and Fords certification for manufacturing excellence. GKN generated revenues of  £7,136 million of 2013. The revenues of the company