based on price-earnings multiple
Valuation based on the ratio of
market price to book value of Equity
As you see the table, we can suggest to buy the DSME’s stock because the table shows us this stock is undervalued. But we, the investors have to recognize the limitations of multiple-valuations. If the benchmarks are changed, we can decide in another way from sensitivity analysis.
cash ratio is managed adequately.
※Caution
It is very sensitive to small events. If account receivable is lager, then cash ratio is volatile. So it often cannot show anything.
1.2. Current Ratio
The current ratio measures the cushion of working capital that companies manintain to allow for the inevitalble unevenness in the flow of funds through the working capital accounts. It
최종 투자 여부 결정까지 발굴된 프로젝트를 대상으로 미래에 예상되는 경제적 가정을 전제로
관련된 모든 요소와 이들의 상호 관계를 고려하여, 특정 프로젝트의 성공 가능성을 조사, 분석하는
일련의 과정
구체적으로는 신규프로젝트에 대한 시장성을 분석하고 프로젝트의 건설 비용 등 소요
invest which can make a high profit and give that profit to investors.
5. Quality of Income
If quality of income is above 1, it is considered to indicate high-quality earnings. If this ratio is below 1, it is considered as lower-quality earnings.
'Quality of Income' is computed (Cashflows from Operating Activity/Net Income). Revenue and Expense in income statement is recorded when they are
The estimate of Ideko’s continuation value
can be combined with the forecasts for free
x
cashflow through 2010 to estimate Ideko’s
value today using the APV valuation model.
If firm’s sales are expected to grow at a nominal rate g and the firm’s operating expenses remain a fixed percentage of sales, then its unlevered net income will also grow at rate g.
Similarly, the firm
damaged and in trouble. Their expected cashflows will decrease and NPV might become to be negative.
So, the most reasonable method is to cover all of the possibilities by calculating weighted average which means each sale multiplied by each possibility. Thus, the accountants should use the following sales:
Weighted average sales=1,350,000*0.1 + 1,650,000*0.6 + 2,250,000*0.3 = 1,800,000lbs
Ⅰ. 맥주시장 환경분석
국내 주류시장에서 맥주의 점유율은 55.5%으로 주류시장의 절반이상을 차지하고 있다. 약 30%을 차지하고 있는 소주와 함께 주류 시장의 90%를 장악하고 있음으로써 주류 시장에서 맥주기업에 대한 Power은 상대적으로 강하다고 볼 수 있다.
우리나라 맥주시장은 하이트맥주와
③ Environmentally-responsible aviation : By March 2010, EU-based airlines must provide carbon dioxide emission reports. That’s why, over the last six months, several EU airlines have begun using bio-fuel either wholly or in part on certain routes. This trend is now spreading to North America where several airlines have indicated their interest in buying eco-friendly jet fuel.
3. History w
SK Telecom offers cellular global roaming services under the brand "T-Roaming" through service agreements with various foreign wireless telecommunications service providers. The company offers global roaming services in three basic technologies, including CDMA, global system for mobile communications (GSM), and wideband code division multiple access (WCDMA). As of FY2009, the company offered CDMA