'Constant growth model' diaporamas de présentation

Chapter 4

Chapter 4. The Valuation of Long-Term Securities. After studying Chapter 4, you should be able to:. Distinguish among the various terms used to express value. Value bonds, preferred stocks, and common stocks.

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Chapter 5

Chapter 5. The Valuation of Long-Term Securities. The Valuation of Long-Term Securities. Distinctions Among Valuation Concepts Bond Valuation Preferred Stock Valuation Common Stock Valuation Rates of Return (or Yields). What is Value?.

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The Valuation and Characteristics of Stock

Chapter 7. The Valuation and Characteristics of Stock. Common Stock. Background Stockholders own the corporation, but in many instances the corporation is widely held Stock ownership is spread among a large number of people

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FINC4101 Investment Analysis

FINC4101 Investment Analysis. Instructor: Dr. Leng Ling Topic: Equity Valuation. Learning objectives. Distinguish between the intrinsic value and price of a share of common stock. Calculate the intrinsic value of a firm using dividend discount models Constant dividend growth model

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CHAPTER 5 Stocks and Their Valuation

CHAPTER 5 Stocks and Their Valuation. Features of common stock Determining common stock values Efficient markets Preferred stock. Common Stock: Owners, Directors, and Managers. Represents ownership . Ownership implies control . Stockholders elect directors .

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Security Valuation and Analysis

Security Valuation and Analysis. Macroeconomic/Industry Analysis Security valuation Ratio analysis. Fundamental Analysis. Factors affecting firm valuation Global economic analysis Domestic Macro-economy Government Policies Industry analysis Company analysis A top-down analysis.

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Chapter 14

Chapter 14. Security Analysis. Chapter Summary. Objective: Introduction to fundamental stock analysis. This chapter introduces different types of valuation models and shows how economic conditions affect the results. Dividend discount models Price-Earnings ratios Other methods and issues

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CHAPTER 9 Stocks and Their Valuation

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Chapter 8

Chapter 8. Stocks, Stock Valuation, and Stock Market Equilibrium. Key Concepts and Skills. Understand how stock prices depend on future dividends and dividend growth. Be able to compute stock prices using the dividend growth model. Preferred stock. Common Stocks.

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Valuation Models

Valuation Models. Bonds Common stock. Key Features of a Bond. Par value : face amount; paid at maturity. Assume $1,000. Coupon interest rate : stated interest rate. Multiply by par value to get dollar interest payment. Generally fixed.

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Stocks (Equity) Characteristics and Valuation

Stocks (Equity) Characteristics and Valuation. What is equity? What factors affect stock prices? How are stock prices determined? How are stock returns determined? What techniques do investors use to value stocks?. Basic Types of Stock. Preferred stock: hybrid Common stock.

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Chapter 18

Chapter 18. Equity Valuation Models. Fundamental Stock Analysis: Models of Equity Valuation. Basic Types of Models Balance Sheet Models Dividend Discount Models Price/Earning Ratios Estimating Growth Rates and Opportunities. Intrinsic Value and Market Price. Intrinsic Value

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CHAPTER 12

CHAPTER 12. Equity Valuation. Fundamental Stock Analysis: Models of Equity Valuation. Basic Types of Models Balance Sheet Models Dividend Discount Models Price/Earnings Ratios Estimating Growth Rates and Opportunities. Intrinsic Value and Market Price. Intrinsic Value

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Chapter 18

Chapter 18. Equity Valuation. Fundamental Stock Analysis: Models of Equity Valuation. Basic Types of Models Balance Sheet Models Dividend Discount Models Price/Earning Ratios Estimating Growth Rates and Opportunities. Dividend Discount Models: General Model. V 0 = Value of Stock

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IPv4 Address Lifetime Expectancy Revisited - Revisited

IPv4 Address Lifetime Expectancy Revisited - Revisited. Geoff Huston November 2003 Presentation to the IEPG Research activity supported by APNIC.

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CHAPTER 7

CHAPTER 7. Stocks, Stock Valuation, and Stock Market Equilibrium. Topics in Chapter. Features of common stock Valuing common stock Preferred stock. Common Stock: Owners, Directors, and Managers. Represents ownership. Ownership implies control. Stockholders elect directors.

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Common Stock Valuation: Putting all the pieces together

6. Common Stock Valuation: Putting all the pieces together. Objectives. We now have an understanding of the how to compute all the inputs for our models except the growth rate in cash flows and earnings. In this lecture, our objectives are to: Understand methods of computing growth rates.

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Calculating the Cost of Capital

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Chapter 18

Chapter 18. Equity Valuation Models. Fundamental Stock Analysis: Models of Equity Valuation. Basic Types of Models Balance Sheet Models Dividend Discount Models Price/Earning Ratios Estimating Growth Rates and Opportunities. Intrinsic Value and Market Price. Intrinsic Value

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Stock Valuation

Chapter 9. Stock Valuation. Chapter Outline. Common Stock Valuation Some Features of Common and Preferred Stocks The Stock Markets. Reading Stock Quotes. Sample Quote 52 weeks. Remember : Discounted Series of Cash flows Perpetual and annuities (with and without growth)

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