ConfirmedUser, Student, Bürokraten, Administratoren
589
Bearbeitungen
Financial Resources Formulary: Unterschied zwischen den Versionen
Zur Navigation springen
Zur Suche springen
Financial Resources Formulary (Quelltext anzeigen)
Version vom 20. Dezember 2011, 22:07 Uhr
, 20. Dezember 2011→Valuing stocks
| Zeile 80: | Zeile 80: | ||
'''(Expected) [[Wertpapierrendite|Stock return r]] (equity cost of capital):''' [[Datei:Form_Stock_Return.png]] | '''(Expected) [[Wertpapierrendite|Stock return r]] (equity cost of capital):''' [[Datei:Form_Stock_Return.png]] | ||
'''Stock price P<sub>0</sub> in the single-period case:''' [[Datei:Form_P0_einperiodig.png]] | * '''Stock price P<sub>0</sub> in the single-period case:''' [[Datei:Form_P0_einperiodig.png]] | ||
'''Dividend discount model''' for the stock price P0 in the multi-period case until time horizon H: [[Datei:Form_P0_mehrperiodig.png]] | * '''Dividend discount model''' for the stock price P0 in the multi-period case until time horizon H: [[Datei:Form_P0_mehrperiodig.png]] | ||
'''Stock price P<sub>0</sub>''' with specific dividends until time horizon H and growing dividends after H: [[Datei:Form_P0_growth.png]] | * '''Stock price P<sub>0</sub>''' with specific dividends until time horizon H and growing dividends after H: [[Datei:Form_P0_growth.png]] | ||
'''Stock price for a perpetual stream of dividends:''' [[Datei:Form_P0_perpetual.png]] | * '''Stock price for a perpetual stream of dividends:''' [[Datei:Form_P0_perpetual.png]] | ||
'''Stock price for a perpetual stream of growing dividends:''' [[Datei:Form_P0_perp_growth.png]] | * '''Stock price for a perpetual stream of growing dividends:''' [[Datei:Form_P0_perp_growth.png]] | ||
* '''Stock price = Discounted earnings + growth opportunities:''' [[Datei:Cw_PVGO.png]] | |||
'''Present value of growth opportunities (PVGO):''' net present value of a firm's future investments. | |||
'''Return (Equity cost of capital) of a perpetual stream of dividends with growth:''' [[Datei:Form_RoE_growth.png]] | '''Return (Equity cost of capital) of a perpetual stream of dividends with growth:''' [[Datei:Form_RoE_growth.png]] | ||
| Zeile 97: | Zeile 102: | ||
'''Plowback ratio:''' fraction of earnings retained by the firm: [[Datei:Form_Plowback.png]] | '''Plowback ratio:''' fraction of earnings retained by the firm: [[Datei:Form_Plowback.png]] | ||
'''Sustainable growth rate:''' rate at which a firm can steadily grow: [[Datei:Form_Sustainable.png]] | '''Sustainable growth rate:''' rate at which a firm can steadily grow: [[Datei:Form_Sustainable.png]] | ||
'''[[Kapitalwert|Discounted cash flow]] (DCF):''' value of the free cash flows that are available to investors plus company value at the planning horizon, all discounted to present: [[Datei:Form_DCF.png]] | '''[[Kapitalwert|Discounted cash flow]] (DCF):''' value of the free cash flows that are available to investors plus company value at the planning horizon, all discounted to present: [[Datei:Form_DCF.png]] | ||
== Risk and return == | == Risk and return == | ||