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 th
value put options. Basically , we just pretend that a put option is a call option and use the Black-Scholes formula to value it. We then use the put-call parity condition to solve for the put value. Put-call parity requires that
Put Option+Stock Price=Call Option+PV of Exercise Price
There the price of a put option can be written as
P=E×e-Rt+C-S
4) Effects of OPM Factors on the Value o
Value
The Price-Earning Ratio(PER) is the ratio that shows the value of stock compared to the profit a certain company earns. The PER of Hyundai is 15.61 and that of Kia is 11.37. This means that the stock of Hyundai is overvalued in the market, compared to the profit it makes. This may be the result of investors valuating Hyundai as a more profitable and stable company. At the same time, there
고정주
: 주식회사의 대주주나 과점주주들이 경영권의 확보를 위해 서 지속적으로 보유하는 주식을 말하는데, 이는 결산에 의한 회사의 실적이나, 주가의 변동과는 상관없이 매 매가 되지 않는 주식을 말한다.
* 공개주
: (introduced stock) 거래소시장에 이미 상장되어 있는 주식.
value. This implies that the company has relatively lower proportion of liabilities in its assets. This further stretches out to an assumption that the company has greater capability in paying debt back in next 12 months, hence inhabiting higher probability in meeting creditors’ demands.
- Considering the industry’s exclusive characteristics, there are no inventories for both companies. Thus