SlideShare a Scribd company logo
1 of 47
Download to read offline
Chapter 8 -   Stock Valuation    2005, Pearson Prentice Hall
Security Valuation ,[object Object]
Preferred Stock ,[object Object],[object Object]
Preferred Stock ,[object Object],[object Object],[object Object]
Preferred Stock ,[object Object],[object Object],[object Object],[object Object]
Preferred Stock ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],Preferred Stock
[object Object],[object Object],[object Object],Preferred Stock Features
[object Object],[object Object],[object Object],[object Object],Preferred Stock Features
[object Object],[object Object],Preferred Stock Features
Preferred Stock Valuation ,[object Object]
Preferred Stock Valuation ,[object Object],V = D k ps ps
Example:  ,[object Object],[object Object]
Example:  ,[object Object],[object Object],V ps = 4.125 .095 =
Example:  ,[object Object],[object Object],V ps = 4.125 .095 = $43.42
Expected Rate of Return on Preferred ,[object Object]
Expected Rate of Return on Preferred ,[object Object],D P o k ps  =
Example ,[object Object]
Example ,[object Object],D P o k ps   =  =  =  4.125 40
Example ,[object Object],D P o k ps   =  =  =  .1031 4.125 40
The Financial Pages: Preferred Stocks ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Common Stock ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Common Stock Characteristics ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],Common Stock Valuation (Single Holding Period)
[object Object],[object Object],Common Stock Valuation (Single Holding Period) 0  1 ?  5.50 + 120
Common Stock Valuation (Single Holding Period) ,[object Object],[object Object],[object Object],[object Object]
Common Stock Valuation (Single Holding Period) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Financial Pages: Common Stocks ,[object Object],[object Object],[object Object],[object Object]
Common Stock Valuation (Multiple Holding Periods) ,[object Object],[object Object]
Common Stock Valuation (Multiple Holding Periods) ,[object Object],[object Object],V cs  = D 1 k cs  - g
[object Object],[object Object]
[object Object],[object Object],V cs  = D 1 k cs  - g
[object Object],[object Object],[object Object],[object Object],[object Object],V cs  = D 1 k cs  - g
Example ,[object Object]
Example ,[object Object],D 0   = $5,  so  D 1   =  5 (1.10)  =  $5.50
Example ,[object Object],V cs  =
Example ,[object Object],V cs  =  = D 1   k cs  - g
Example ,[object Object],V cs  =  =  = D 1   5.50 k cs  - g  .15 - .10
Example ,[object Object],V cs  =  =  =  $110 D 1   5.50 k cs  - g  .15 - .10
Expected Return on Common Stock ,[object Object]
Expected Return on Common Stock ,[object Object],V cs   = D k cs  - g
Expected Return on Common Stock ,[object Object],V cs   = D k cs  - g k  =  (  )   +  g D 1 V cs
Expected Return on Common Stock ,[object Object],V cs   = D k cs  - g k  =  (  )   +  g D 1 P o
Example ,[object Object]
Example ,[object Object],k cs  =  (  )   +  g D 1 P o
Example ,[object Object],k cs  =  (  )   +  g D 1 P o k cs  =  (  )   +  .05  =  3.00 27
Example ,[object Object],k cs  =  (  )   +  g D 1 P o k cs  =  (  )   +  .05  =  16.11% 3.00 27

More Related Content

What's hot

STOCK VALUATION
STOCK VALUATIONSTOCK VALUATION
STOCK VALUATIONCHARAK RAY
 
Bba 2204 fin mgt week 9 cost of capital
Bba 2204 fin mgt week 9 cost of capitalBba 2204 fin mgt week 9 cost of capital
Bba 2204 fin mgt week 9 cost of capitalStephen Ong
 
Module 5 dividend discount model att
Module 5 dividend discount model attModule 5 dividend discount model att
Module 5 dividend discount model attVirgelTorres
 
Common stock valuation
Common stock valuationCommon stock valuation
Common stock valuationBabasab Patil
 
Stock valuation
Stock valuationStock valuation
Stock valuationASAD ALI
 
GSB-711-Lecture-Note-05-Risk-Return-and-CAPM
GSB-711-Lecture-Note-05-Risk-Return-and-CAPMGSB-711-Lecture-Note-05-Risk-Return-and-CAPM
GSB-711-Lecture-Note-05-Risk-Return-and-CAPMUniversity of New England
 
Revision materials cf mba wic
Revision materials cf mba wicRevision materials cf mba wic
Revision materials cf mba wicArathy Krishna
 
Common stock evaluation
Common stock evaluationCommon stock evaluation
Common stock evaluationBhaskar T
 
Fin 515 week 6
Fin 515 week 6Fin 515 week 6
Fin 515 week 6ecambry
 
Debt and equity financing
Debt and equity financingDebt and equity financing
Debt and equity financingKumail Raza
 
Time Value Of Money. ppt
Time Value Of Money. pptTime Value Of Money. ppt
Time Value Of Money. pptShaker Sawalqah
 

What's hot (17)

4. time value of money
4. time value of money4. time value of money
4. time value of money
 
STOCK VALUATION
STOCK VALUATIONSTOCK VALUATION
STOCK VALUATION
 
Bba 2204 fin mgt week 9 cost of capital
Bba 2204 fin mgt week 9 cost of capitalBba 2204 fin mgt week 9 cost of capital
Bba 2204 fin mgt week 9 cost of capital
 
Module 5 dividend discount model att
Module 5 dividend discount model attModule 5 dividend discount model att
Module 5 dividend discount model att
 
Cost of Capital
Cost of Capital Cost of Capital
Cost of Capital
 
Earnings multiplier model
Earnings multiplier modelEarnings multiplier model
Earnings multiplier model
 
Stock Valuation
Stock ValuationStock Valuation
Stock Valuation
 
Common stock valuation
Common stock valuationCommon stock valuation
Common stock valuation
 
Stock valuation
Stock valuationStock valuation
Stock valuation
 
GSB-711-Lecture-Note-05-Risk-Return-and-CAPM
GSB-711-Lecture-Note-05-Risk-Return-and-CAPMGSB-711-Lecture-Note-05-Risk-Return-and-CAPM
GSB-711-Lecture-Note-05-Risk-Return-and-CAPM
 
Revision materials cf mba wic
Revision materials cf mba wicRevision materials cf mba wic
Revision materials cf mba wic
 
Chap005
Chap005Chap005
Chap005
 
Common stock evaluation
Common stock evaluationCommon stock evaluation
Common stock evaluation
 
C5
C5C5
C5
 
Fin 515 week 6
Fin 515 week 6Fin 515 week 6
Fin 515 week 6
 
Debt and equity financing
Debt and equity financingDebt and equity financing
Debt and equity financing
 
Time Value Of Money. ppt
Time Value Of Money. pptTime Value Of Money. ppt
Time Value Of Money. ppt
 

Similar to Stock valuation33

Cf20valuation20of20securities205 1207897408564633-8
Cf20valuation20of20securities205 1207897408564633-8Cf20valuation20of20securities205 1207897408564633-8
Cf20valuation20of20securities205 1207897408564633-8shahid44
 
Cf Valuation Of Securities 5
Cf Valuation Of Securities 5Cf Valuation Of Securities 5
Cf Valuation Of Securities 5rajeevgupta
 
Cf%20valuation%20of%20 Securities%205
Cf%20valuation%20of%20 Securities%205Cf%20valuation%20of%20 Securities%205
Cf%20valuation%20of%20 Securities%205rajeevgupta
 
Financial Management; Chapter: cost of capital
Financial Management; Chapter: cost of capitalFinancial Management; Chapter: cost of capital
Financial Management; Chapter: cost of capitalArshad Islam
 
Fin 515 week 5
Fin 515 week 5Fin 515 week 5
Fin 515 week 5ecambry
 
Bond types,values
Bond types,values Bond types,values
Bond types,values vkay 94
 
Chapter 12 Cost Of Capital
Chapter 12 Cost Of CapitalChapter 12 Cost Of Capital
Chapter 12 Cost Of CapitalAlamgir Alwani
 
Time Value of Money
Time Value of MoneyTime Value of Money
Time Value of MoneySaeed Akbar
 
Business Finance Chapter 7
Business Finance Chapter 7Business Finance Chapter 7
Business Finance Chapter 7Tinku Kumar
 
09 Chapter modelChapter 9. Stocks and Their Valuation (Models)Thi.docx
09 Chapter modelChapter 9.  Stocks and Their Valuation (Models)Thi.docx09 Chapter modelChapter 9.  Stocks and Their Valuation (Models)Thi.docx
09 Chapter modelChapter 9. Stocks and Their Valuation (Models)Thi.docxhoney725342
 
GSB711-Lecture-Note-04-Valuation-of-Bonds-and-Shares
GSB711-Lecture-Note-04-Valuation-of-Bonds-and-SharesGSB711-Lecture-Note-04-Valuation-of-Bonds-and-Shares
GSB711-Lecture-Note-04-Valuation-of-Bonds-and-SharesUniversity of New England
 
Cost of capital ppt @ bec doms on finance
Cost of capital ppt @ bec doms on financeCost of capital ppt @ bec doms on finance
Cost of capital ppt @ bec doms on financeBabasab Patil
 
Long term securities
Long term securitiesLong term securities
Long term securitiesAsHra ReHmat
 
Time value of money
Time value of moneyTime value of money
Time value of moneySewaleAbate1
 
1. Nicks Enchiladas Incorporated has preferred stock outstand.docx
1. Nicks Enchiladas Incorporated has preferred stock outstand.docx1. Nicks Enchiladas Incorporated has preferred stock outstand.docx
1. Nicks Enchiladas Incorporated has preferred stock outstand.docxjackiewalcutt
 
Cost of capital
Cost of capitalCost of capital
Cost of capitaledjolax
 

Similar to Stock valuation33 (20)

Cf20valuation20of20securities205 1207897408564633-8
Cf20valuation20of20securities205 1207897408564633-8Cf20valuation20of20securities205 1207897408564633-8
Cf20valuation20of20securities205 1207897408564633-8
 
Cf Valuation Of Securities 5
Cf Valuation Of Securities 5Cf Valuation Of Securities 5
Cf Valuation Of Securities 5
 
Cf%20valuation%20of%20 Securities%205
Cf%20valuation%20of%20 Securities%205Cf%20valuation%20of%20 Securities%205
Cf%20valuation%20of%20 Securities%205
 
StockValuation_lecture.pdf
StockValuation_lecture.pdfStockValuation_lecture.pdf
StockValuation_lecture.pdf
 
Stock Valuation
Stock ValuationStock Valuation
Stock Valuation
 
Financial Management; Chapter: cost of capital
Financial Management; Chapter: cost of capitalFinancial Management; Chapter: cost of capital
Financial Management; Chapter: cost of capital
 
Fin 515 week 5
Fin 515 week 5Fin 515 week 5
Fin 515 week 5
 
Cost of Capital.pptx
Cost of Capital.pptxCost of Capital.pptx
Cost of Capital.pptx
 
Bond types,values
Bond types,values Bond types,values
Bond types,values
 
Chapter 12 Cost Of Capital
Chapter 12 Cost Of CapitalChapter 12 Cost Of Capital
Chapter 12 Cost Of Capital
 
Fm10e ch12
Fm10e ch12Fm10e ch12
Fm10e ch12
 
Time Value of Money
Time Value of MoneyTime Value of Money
Time Value of Money
 
Business Finance Chapter 7
Business Finance Chapter 7Business Finance Chapter 7
Business Finance Chapter 7
 
09 Chapter modelChapter 9. Stocks and Their Valuation (Models)Thi.docx
09 Chapter modelChapter 9.  Stocks and Their Valuation (Models)Thi.docx09 Chapter modelChapter 9.  Stocks and Their Valuation (Models)Thi.docx
09 Chapter modelChapter 9. Stocks and Their Valuation (Models)Thi.docx
 
GSB711-Lecture-Note-04-Valuation-of-Bonds-and-Shares
GSB711-Lecture-Note-04-Valuation-of-Bonds-and-SharesGSB711-Lecture-Note-04-Valuation-of-Bonds-and-Shares
GSB711-Lecture-Note-04-Valuation-of-Bonds-and-Shares
 
Cost of capital ppt @ bec doms on finance
Cost of capital ppt @ bec doms on financeCost of capital ppt @ bec doms on finance
Cost of capital ppt @ bec doms on finance
 
Long term securities
Long term securitiesLong term securities
Long term securities
 
Time value of money
Time value of moneyTime value of money
Time value of money
 
1. Nicks Enchiladas Incorporated has preferred stock outstand.docx
1. Nicks Enchiladas Incorporated has preferred stock outstand.docx1. Nicks Enchiladas Incorporated has preferred stock outstand.docx
1. Nicks Enchiladas Incorporated has preferred stock outstand.docx
 
Cost of capital
Cost of capitalCost of capital
Cost of capital
 

More from Babasab Patil

Segmentation module 4 mba 1st sem by babasab patil (karrisatte)
Segmentation module 4  mba 1st sem by babasab patil (karrisatte)Segmentation module 4  mba 1st sem by babasab patil (karrisatte)
Segmentation module 4 mba 1st sem by babasab patil (karrisatte)Babasab Patil
 
Marketing management module 1 core concepts of marketing mba 1st sem by baba...
Marketing management module 1 core concepts of marketing  mba 1st sem by baba...Marketing management module 1 core concepts of marketing  mba 1st sem by baba...
Marketing management module 1 core concepts of marketing mba 1st sem by baba...Babasab Patil
 
Marketing management module 2 marketing environment mba 1st sem by babasab pa...
Marketing management module 2 marketing environment mba 1st sem by babasab pa...Marketing management module 2 marketing environment mba 1st sem by babasab pa...
Marketing management module 2 marketing environment mba 1st sem by babasab pa...Babasab Patil
 
Marketing management module 4 measuring andforecasting demand mba 1st sem by...
Marketing management module 4  measuring andforecasting demand mba 1st sem by...Marketing management module 4  measuring andforecasting demand mba 1st sem by...
Marketing management module 4 measuring andforecasting demand mba 1st sem by...Babasab Patil
 
Measuring and forecasting demand module 4 mba 1st sem by babasab patil (karri...
Measuring and forecasting demand module 4 mba 1st sem by babasab patil (karri...Measuring and forecasting demand module 4 mba 1st sem by babasab patil (karri...
Measuring and forecasting demand module 4 mba 1st sem by babasab patil (karri...Babasab Patil
 
Notes managerial communication 3 business correspondence and report writing ...
Notes managerial communication  3 business correspondence and report writing ...Notes managerial communication  3 business correspondence and report writing ...
Notes managerial communication 3 business correspondence and report writing ...Babasab Patil
 
Notes managerial communication mod 2 basic communication skills mba 1st sem ...
Notes managerial communication mod 2  basic communication skills mba 1st sem ...Notes managerial communication mod 2  basic communication skills mba 1st sem ...
Notes managerial communication mod 2 basic communication skills mba 1st sem ...Babasab Patil
 
Notes managerial communication mod 4 the job application process mba 1st sem ...
Notes managerial communication mod 4 the job application process mba 1st sem ...Notes managerial communication mod 4 the job application process mba 1st sem ...
Notes managerial communication mod 4 the job application process mba 1st sem ...Babasab Patil
 
Notes managerial communication mod 5 interviews mba 1st sem by babasab patil...
Notes managerial communication mod 5 interviews  mba 1st sem by babasab patil...Notes managerial communication mod 5 interviews  mba 1st sem by babasab patil...
Notes managerial communication mod 5 interviews mba 1st sem by babasab patil...Babasab Patil
 
Notes managerial communication part 1 mba 1st sem by babasab patil (karrisatte)
Notes managerial communication part 1  mba 1st sem by babasab patil (karrisatte)Notes managerial communication part 1  mba 1st sem by babasab patil (karrisatte)
Notes managerial communication part 1 mba 1st sem by babasab patil (karrisatte)Babasab Patil
 
Principles of marketing mba 1st sem by babasab patil (karrisatte)
Principles of marketing mba 1st sem by babasab patil (karrisatte)Principles of marketing mba 1st sem by babasab patil (karrisatte)
Principles of marketing mba 1st sem by babasab patil (karrisatte)Babasab Patil
 
Segmentation module 4 mba 1st sem by babasab patil (karrisatte)
Segmentation module 4  mba 1st sem by babasab patil (karrisatte)Segmentation module 4  mba 1st sem by babasab patil (karrisatte)
Segmentation module 4 mba 1st sem by babasab patil (karrisatte)Babasab Patil
 
Marketing management module 1 important questions of marketing mba 1st sem...
Marketing management module 1  important questions of marketing   mba 1st sem...Marketing management module 1  important questions of marketing   mba 1st sem...
Marketing management module 1 important questions of marketing mba 1st sem...Babasab Patil
 
Discovery shuttle processing NASA before launching the rocket by babasab ...
Discovery shuttle processing  NASA   before  launching the rocket by babasab ...Discovery shuttle processing  NASA   before  launching the rocket by babasab ...
Discovery shuttle processing NASA before launching the rocket by babasab ...Babasab Patil
 
Corporate lessons from__iim__calcutta by babasab patil
Corporate lessons from__iim__calcutta by babasab patil Corporate lessons from__iim__calcutta by babasab patil
Corporate lessons from__iim__calcutta by babasab patil Babasab Patil
 
Communication problems between men and women by babasab patil
Communication problems between men and women by babasab patil Communication problems between men and women by babasab patil
Communication problems between men and women by babasab patil Babasab Patil
 
Brasil waterfall byy babasab patil
Brasil waterfall  byy babasab patil Brasil waterfall  byy babasab patil
Brasil waterfall byy babasab patil Babasab Patil
 
Best aviation photography_ever__bar_none by babasab patil
Best aviation photography_ever__bar_none by babasab patil Best aviation photography_ever__bar_none by babasab patil
Best aviation photography_ever__bar_none by babasab patil Babasab Patil
 
Attitude stone cutter
Attitude stone cutterAttitude stone cutter
Attitude stone cutterBabasab Patil
 
Attitude stone cutter
Attitude stone cutterAttitude stone cutter
Attitude stone cutterBabasab Patil
 

More from Babasab Patil (20)

Segmentation module 4 mba 1st sem by babasab patil (karrisatte)
Segmentation module 4  mba 1st sem by babasab patil (karrisatte)Segmentation module 4  mba 1st sem by babasab patil (karrisatte)
Segmentation module 4 mba 1st sem by babasab patil (karrisatte)
 
Marketing management module 1 core concepts of marketing mba 1st sem by baba...
Marketing management module 1 core concepts of marketing  mba 1st sem by baba...Marketing management module 1 core concepts of marketing  mba 1st sem by baba...
Marketing management module 1 core concepts of marketing mba 1st sem by baba...
 
Marketing management module 2 marketing environment mba 1st sem by babasab pa...
Marketing management module 2 marketing environment mba 1st sem by babasab pa...Marketing management module 2 marketing environment mba 1st sem by babasab pa...
Marketing management module 2 marketing environment mba 1st sem by babasab pa...
 
Marketing management module 4 measuring andforecasting demand mba 1st sem by...
Marketing management module 4  measuring andforecasting demand mba 1st sem by...Marketing management module 4  measuring andforecasting demand mba 1st sem by...
Marketing management module 4 measuring andforecasting demand mba 1st sem by...
 
Measuring and forecasting demand module 4 mba 1st sem by babasab patil (karri...
Measuring and forecasting demand module 4 mba 1st sem by babasab patil (karri...Measuring and forecasting demand module 4 mba 1st sem by babasab patil (karri...
Measuring and forecasting demand module 4 mba 1st sem by babasab patil (karri...
 
Notes managerial communication 3 business correspondence and report writing ...
Notes managerial communication  3 business correspondence and report writing ...Notes managerial communication  3 business correspondence and report writing ...
Notes managerial communication 3 business correspondence and report writing ...
 
Notes managerial communication mod 2 basic communication skills mba 1st sem ...
Notes managerial communication mod 2  basic communication skills mba 1st sem ...Notes managerial communication mod 2  basic communication skills mba 1st sem ...
Notes managerial communication mod 2 basic communication skills mba 1st sem ...
 
Notes managerial communication mod 4 the job application process mba 1st sem ...
Notes managerial communication mod 4 the job application process mba 1st sem ...Notes managerial communication mod 4 the job application process mba 1st sem ...
Notes managerial communication mod 4 the job application process mba 1st sem ...
 
Notes managerial communication mod 5 interviews mba 1st sem by babasab patil...
Notes managerial communication mod 5 interviews  mba 1st sem by babasab patil...Notes managerial communication mod 5 interviews  mba 1st sem by babasab patil...
Notes managerial communication mod 5 interviews mba 1st sem by babasab patil...
 
Notes managerial communication part 1 mba 1st sem by babasab patil (karrisatte)
Notes managerial communication part 1  mba 1st sem by babasab patil (karrisatte)Notes managerial communication part 1  mba 1st sem by babasab patil (karrisatte)
Notes managerial communication part 1 mba 1st sem by babasab patil (karrisatte)
 
Principles of marketing mba 1st sem by babasab patil (karrisatte)
Principles of marketing mba 1st sem by babasab patil (karrisatte)Principles of marketing mba 1st sem by babasab patil (karrisatte)
Principles of marketing mba 1st sem by babasab patil (karrisatte)
 
Segmentation module 4 mba 1st sem by babasab patil (karrisatte)
Segmentation module 4  mba 1st sem by babasab patil (karrisatte)Segmentation module 4  mba 1st sem by babasab patil (karrisatte)
Segmentation module 4 mba 1st sem by babasab patil (karrisatte)
 
Marketing management module 1 important questions of marketing mba 1st sem...
Marketing management module 1  important questions of marketing   mba 1st sem...Marketing management module 1  important questions of marketing   mba 1st sem...
Marketing management module 1 important questions of marketing mba 1st sem...
 
Discovery shuttle processing NASA before launching the rocket by babasab ...
Discovery shuttle processing  NASA   before  launching the rocket by babasab ...Discovery shuttle processing  NASA   before  launching the rocket by babasab ...
Discovery shuttle processing NASA before launching the rocket by babasab ...
 
Corporate lessons from__iim__calcutta by babasab patil
Corporate lessons from__iim__calcutta by babasab patil Corporate lessons from__iim__calcutta by babasab patil
Corporate lessons from__iim__calcutta by babasab patil
 
Communication problems between men and women by babasab patil
Communication problems between men and women by babasab patil Communication problems between men and women by babasab patil
Communication problems between men and women by babasab patil
 
Brasil waterfall byy babasab patil
Brasil waterfall  byy babasab patil Brasil waterfall  byy babasab patil
Brasil waterfall byy babasab patil
 
Best aviation photography_ever__bar_none by babasab patil
Best aviation photography_ever__bar_none by babasab patil Best aviation photography_ever__bar_none by babasab patil
Best aviation photography_ever__bar_none by babasab patil
 
Attitude stone cutter
Attitude stone cutterAttitude stone cutter
Attitude stone cutter
 
Attitude stone cutter
Attitude stone cutterAttitude stone cutter
Attitude stone cutter
 

Recently uploaded

Strategic Resources Corporate Presentation - March 2024 Update
Strategic Resources Corporate Presentation - March 2024 UpdateStrategic Resources Corporate Presentation - March 2024 Update
Strategic Resources Corporate Presentation - March 2024 UpdateAdnet Communications
 
EPC Contractors aspects Presentation.pdf
EPC Contractors  aspects Presentation.pdfEPC Contractors  aspects Presentation.pdf
EPC Contractors aspects Presentation.pdfGiuseppe Tommasone
 
AirOxi - Pioneering Aquaculture Advancements Through NFDB Empanelment.pptx
AirOxi -  Pioneering Aquaculture Advancements Through NFDB Empanelment.pptxAirOxi -  Pioneering Aquaculture Advancements Through NFDB Empanelment.pptx
AirOxi - Pioneering Aquaculture Advancements Through NFDB Empanelment.pptxAirOxi Tube
 
Project Work on Consumer Behavior in Fast Food Restaurants. Their behavior to...
Project Work on Consumer Behavior in Fast Food Restaurants. Their behavior to...Project Work on Consumer Behavior in Fast Food Restaurants. Their behavior to...
Project Work on Consumer Behavior in Fast Food Restaurants. Their behavior to...BilalAhmed717
 
10 Tips for Great Teams CSUN Conference 2024
10 Tips for Great Teams CSUN Conference 202410 Tips for Great Teams CSUN Conference 2024
10 Tips for Great Teams CSUN Conference 2024Nate Evans
 
PHX Corporate Presentation March 2024 Final
PHX Corporate Presentation March 2024 FinalPHX Corporate Presentation March 2024 Final
PHX Corporate Presentation March 2024 FinalPanhandleOilandGas
 
Bus Eth ch3 ppt.ppt business ethics and corporate social responsibilities ppt
Bus Eth ch3 ppt.ppt business ethics and corporate social responsibilities pptBus Eth ch3 ppt.ppt business ethics and corporate social responsibilities ppt
Bus Eth ch3 ppt.ppt business ethics and corporate social responsibilities pptendeworku
 
L-1 VISA Business (Plan Sample) - Plan Writers
L-1 VISA Business (Plan Sample) - Plan WritersL-1 VISA Business (Plan Sample) - Plan Writers
L-1 VISA Business (Plan Sample) - Plan WritersPlan Writers
 
Record of Module Forensic photography in
Record of Module Forensic photography inRecord of Module Forensic photography in
Record of Module Forensic photography inalexademileighpacal
 
Reframing Requirements: A Strategic Approach to Requirement Definition, with ...
Reframing Requirements: A Strategic Approach to Requirement Definition, with ...Reframing Requirements: A Strategic Approach to Requirement Definition, with ...
Reframing Requirements: A Strategic Approach to Requirement Definition, with ...Jake Truemper
 
pitchdeck ORPC 2019 data info turine.pdf
pitchdeck ORPC 2019 data info turine.pdfpitchdeck ORPC 2019 data info turine.pdf
pitchdeck ORPC 2019 data info turine.pdflebob12
 
Benihana of Tokyo case study11111111.pdf
Benihana of Tokyo case study11111111.pdfBenihana of Tokyo case study11111111.pdf
Benihana of Tokyo case study11111111.pdfjavenxxx01
 
Shravan Kumaran and sanjay kumaran.pdf..
Shravan Kumaran and sanjay kumaran.pdf..Shravan Kumaran and sanjay kumaran.pdf..
Shravan Kumaran and sanjay kumaran.pdf..ranjithapriya2
 
Young Woman Entrepreneur - Kaviya Cherian
Young Woman Entrepreneur - Kaviya CherianYoung Woman Entrepreneur - Kaviya Cherian
Young Woman Entrepreneur - Kaviya CherianCDEEPANVITA
 
We are inviting you on board, to move forward together in the Right Direction
We are inviting you on board, to move forward together in the Right DirectionWe are inviting you on board, to move forward together in the Right Direction
We are inviting you on board, to move forward together in the Right DirectionRight Direction Aero
 
HOW TO START EARNING WITH AFFILIATE MARKETING
HOW TO START EARNING WITH AFFILIATE MARKETINGHOW TO START EARNING WITH AFFILIATE MARKETING
HOW TO START EARNING WITH AFFILIATE MARKETINGNATHAN SPEAKS
 
Green Innovations: Wristbands Ireland's Eco-Friendly Products
Green Innovations: Wristbands Ireland's Eco-Friendly ProductsGreen Innovations: Wristbands Ireland's Eco-Friendly Products
Green Innovations: Wristbands Ireland's Eco-Friendly ProductsWristbands Ireland
 
CORPORATE SOCIAL RESPONSIBILITY - FINAL REQUIREMENT.pdf
CORPORATE SOCIAL RESPONSIBILITY - FINAL REQUIREMENT.pdfCORPORATE SOCIAL RESPONSIBILITY - FINAL REQUIREMENT.pdf
CORPORATE SOCIAL RESPONSIBILITY - FINAL REQUIREMENT.pdfLouis Malaybalay
 
Business Models and Business Model Innovation
Business Models and Business Model InnovationBusiness Models and Business Model Innovation
Business Models and Business Model InnovationMichal Hron
 

Recently uploaded (20)

Strategic Resources Corporate Presentation - March 2024 Update
Strategic Resources Corporate Presentation - March 2024 UpdateStrategic Resources Corporate Presentation - March 2024 Update
Strategic Resources Corporate Presentation - March 2024 Update
 
EPC Contractors aspects Presentation.pdf
EPC Contractors  aspects Presentation.pdfEPC Contractors  aspects Presentation.pdf
EPC Contractors aspects Presentation.pdf
 
AirOxi - Pioneering Aquaculture Advancements Through NFDB Empanelment.pptx
AirOxi -  Pioneering Aquaculture Advancements Through NFDB Empanelment.pptxAirOxi -  Pioneering Aquaculture Advancements Through NFDB Empanelment.pptx
AirOxi - Pioneering Aquaculture Advancements Through NFDB Empanelment.pptx
 
Project Work on Consumer Behavior in Fast Food Restaurants. Their behavior to...
Project Work on Consumer Behavior in Fast Food Restaurants. Their behavior to...Project Work on Consumer Behavior in Fast Food Restaurants. Their behavior to...
Project Work on Consumer Behavior in Fast Food Restaurants. Their behavior to...
 
WAM Corporate Presentation Mar 12 2024.pdf
WAM Corporate Presentation Mar 12 2024.pdfWAM Corporate Presentation Mar 12 2024.pdf
WAM Corporate Presentation Mar 12 2024.pdf
 
10 Tips for Great Teams CSUN Conference 2024
10 Tips for Great Teams CSUN Conference 202410 Tips for Great Teams CSUN Conference 2024
10 Tips for Great Teams CSUN Conference 2024
 
PHX Corporate Presentation March 2024 Final
PHX Corporate Presentation March 2024 FinalPHX Corporate Presentation March 2024 Final
PHX Corporate Presentation March 2024 Final
 
Bus Eth ch3 ppt.ppt business ethics and corporate social responsibilities ppt
Bus Eth ch3 ppt.ppt business ethics and corporate social responsibilities pptBus Eth ch3 ppt.ppt business ethics and corporate social responsibilities ppt
Bus Eth ch3 ppt.ppt business ethics and corporate social responsibilities ppt
 
L-1 VISA Business (Plan Sample) - Plan Writers
L-1 VISA Business (Plan Sample) - Plan WritersL-1 VISA Business (Plan Sample) - Plan Writers
L-1 VISA Business (Plan Sample) - Plan Writers
 
Record of Module Forensic photography in
Record of Module Forensic photography inRecord of Module Forensic photography in
Record of Module Forensic photography in
 
Reframing Requirements: A Strategic Approach to Requirement Definition, with ...
Reframing Requirements: A Strategic Approach to Requirement Definition, with ...Reframing Requirements: A Strategic Approach to Requirement Definition, with ...
Reframing Requirements: A Strategic Approach to Requirement Definition, with ...
 
pitchdeck ORPC 2019 data info turine.pdf
pitchdeck ORPC 2019 data info turine.pdfpitchdeck ORPC 2019 data info turine.pdf
pitchdeck ORPC 2019 data info turine.pdf
 
Benihana of Tokyo case study11111111.pdf
Benihana of Tokyo case study11111111.pdfBenihana of Tokyo case study11111111.pdf
Benihana of Tokyo case study11111111.pdf
 
Shravan Kumaran and sanjay kumaran.pdf..
Shravan Kumaran and sanjay kumaran.pdf..Shravan Kumaran and sanjay kumaran.pdf..
Shravan Kumaran and sanjay kumaran.pdf..
 
Young Woman Entrepreneur - Kaviya Cherian
Young Woman Entrepreneur - Kaviya CherianYoung Woman Entrepreneur - Kaviya Cherian
Young Woman Entrepreneur - Kaviya Cherian
 
We are inviting you on board, to move forward together in the Right Direction
We are inviting you on board, to move forward together in the Right DirectionWe are inviting you on board, to move forward together in the Right Direction
We are inviting you on board, to move forward together in the Right Direction
 
HOW TO START EARNING WITH AFFILIATE MARKETING
HOW TO START EARNING WITH AFFILIATE MARKETINGHOW TO START EARNING WITH AFFILIATE MARKETING
HOW TO START EARNING WITH AFFILIATE MARKETING
 
Green Innovations: Wristbands Ireland's Eco-Friendly Products
Green Innovations: Wristbands Ireland's Eco-Friendly ProductsGreen Innovations: Wristbands Ireland's Eco-Friendly Products
Green Innovations: Wristbands Ireland's Eco-Friendly Products
 
CORPORATE SOCIAL RESPONSIBILITY - FINAL REQUIREMENT.pdf
CORPORATE SOCIAL RESPONSIBILITY - FINAL REQUIREMENT.pdfCORPORATE SOCIAL RESPONSIBILITY - FINAL REQUIREMENT.pdf
CORPORATE SOCIAL RESPONSIBILITY - FINAL REQUIREMENT.pdf
 
Business Models and Business Model Innovation
Business Models and Business Model InnovationBusiness Models and Business Model Innovation
Business Models and Business Model Innovation
 

Stock valuation33

  • 1. Chapter 8 - Stock Valuation  2005, Pearson Prentice Hall
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.
  • 29.
  • 30.
  • 31.
  • 32.
  • 33.
  • 34.
  • 35.
  • 36.
  • 37.
  • 38.
  • 39.
  • 40.
  • 41.
  • 42.
  • 43.
  • 44.
  • 45.
  • 46.
  • 47.