![[재무관리] 재무관리 사례 분석(영문)-1](http://images.happyhaksul.com/thumb/510/509881-0001.gif)
![[재무관리] 재무관리 사례 분석(영문)-2](http://images.happyhaksul.com/thumb/510/509881-0002.gif)
![[재무관리] 재무관리 사례 분석(영문)-3](http://images.happyhaksul.com/thumb/510/509881-0003.gif)
![[재무관리] 재무관리 사례 분석(영문)-4](http://images.happyhaksul.com/thumb/510/509881-0004.gif)
![[재무관리] 재무관리 사례 분석(영문)-5](http://images.happyhaksul.com/thumb/510/509881-0005.gif)
![[재무관리] 재무관리 사례 분석(영문)-6](http://images.happyhaksul.com/thumb/510/509881-0006.gif)
![[재무관리] 재무관리 사례 분석(영문)-7](http://images.happyhaksul.com/thumb/510/509881-0007.gif)
![[재무관리] 재무관리 사례 분석(영문)-8](http://images.happyhaksul.com/thumb/510/509881-0008.gif)
![[재무관리] 재무관리 사례 분석(영문)-9](http://images.happyhaksul.com/thumb/510/509881-0009.gif)
![[재무관리] 재무관리 사례 분석(영문)-10](http://images.happyhaksul.com/thumb/510/509881-0010.gif)
![[재무관리] 재무관리 사례 분석(영문)-11](http://images.happyhaksul.com/thumb/510/509881-0011.gif)
![[재무관리] 재무관리 사례 분석(영문)-12](http://images.happyhaksul.com/thumb/510/509881-0012.gif)
![[재무관리] 재무관리 사례 분석(영문)-13](http://images.happyhaksul.com/thumb/510/509881-0013.gif)
![[재무관리] 재무관리 사례 분석(영문)-14](http://images.happyhaksul.com/thumb/510/509881-0014.gif)
![[재무관리] 재무관리 사례 분석(영문)-15](http://images.happyhaksul.com/thumb/510/509881-0015.gif)
![[재무관리] 재무관리 사례 분석(영문)-16](http://images.happyhaksul.com/thumb/510/509881-0016.gif)
![[재무관리] 재무관리 사례 분석(영문)-17](http://images.happyhaksul.com/thumb/510/509881-0017.gif)
![[재무관리] 재무관리 사례 분석(영문)-18](http://images.happyhaksul.com/thumb/510/509881-0018.gif)
![[재무관리] 재무관리 사례 분석(영문)-19](http://images.happyhaksul.com/thumb/510/509881-0019.gif)
![[재무관리] 재무관리 사례 분석(영문)-20](http://images.happyhaksul.com/thumb/510/509881-0020.gif)
분야
docx1. How to select the industry and companies
2. Basic investment strategy
3. Corporate analysis
I. Quantity analysis
II. Quality analysis
4. Apple
I. Ratios and financial statements
II. Quantity analysis
① Profitability analysis
② Debt ratio analysis
③ Growth measures
④ Market value of stock
⑤ Conclusion of the quantity analysis
III. News for Apple
5. Qualcomm
I. Ratios and financial statements
II. Quantity analysis
① Profitability analysis
② Debt ratio analysis
③ Growth measures
④ Market value of stock
⑤ Conclusion of the quantity analysis
III. News for Qualcomm
6. Symantec
I. Ratios and financial statements
II. Quantity analysis
① Profitability analysis
② Debt ratio analysis
③ Growth measures
④ Market value of stock
⑤ Conclusion of the quantity analysis
III. News for Symantec
7. Portfolio and Conclusion
③ Growth measures
On the income statement, revenue, net income, and operating income has increased for the recent three years. In addition, a cash flow from operating activities is positive and investment continued.
④ Market value of stock price
We think price of stock will be higher because earning per share (EPS) is high as 15.15. Price earning rate (PER) is 20.08 and it is lower than an average (24.631) of 10 major companies in the computer hardware industry. Price share ratio (PSR) is 4.23.
This is 1.5 times higher than the average of 10 companies’ PSR (2.67). We should think carefully whether Apple’s future growth is considered as good or its stock price is evaluated just high. Finally, we used price book ratio (PBR) to judge that stock price is proper. PBR is 5.77 and it is higher than 10 companies’ average (4.011).
⑤ Conclusion of the quantity analysis - Apple
Nowadays, We think that Apple is evaluated high. This is because Apple’s new product such as i-Phone 4, 5 and i-pad is greatly anticipated and its future value is reflected in stock price. Therefore, we consider not only ratio analysis but also sales of i-pad and announcement of i-Phone 5 and then invest 70% of one million dollars.
