Preduzeća širom sveta svoje potrebe za finansiranjem zadovoljavaju na različlite načine. Bez obzira da li je u pitanju izgradnja objekata, kupovina opreme ili finansiranje operacija na tržištu, svaki od mogućih načina finansiranja podrazumeva plaćanje odgovarajuće cene korišćenja kapitala. Preduzeće može da se finansira emisijom i prodajom hartija od vrednosti (obične akcije, preferencijalne akcije, obveznice), reinvestiranjem neraspoređene dobiti i zaduživanjem kod banaka i drugih finansijskih institucija. Izborom načina finansiranja stvara se struktura kapitala sa minimalnom cenom koštanja istog, što za krajnji cilj ima uvećanje profitabilnosi preduzeća. Cene kapitala iz različitih izvora finansiranja se razlikuju i utiču na ukupnu cenu kapitala preduzeća. Pretpostavka je da bi APPLE kao poznata inovativna kompanija mogao da nastavi svoje poslovanje sa povećanom stopom rasta prihoda od prodaje u narednim godinama. Izgradnjom finansijskog modela moguće je testirati pretpostavke i dobiti naznake kako postupati sa finansiranjem poslovnih operacija u određenom budućem periodu.
Pristup malih porodičnih preduzeća u rešavanju praktičnih problema sa kojima se susreću u radu za strane partnere i klijente. Vodeći inženjeri mašinstva u Kovaksu su pristupili timskom brainstormingu gde su iznete i predložene različite ideje za prevazilaženje problema. Odabran je najoptimalniji pristup u izradi alata sa ciljem da se smanje zahtevi za skupim dodatnim radnim vremenom i da obrada finalnog proizvoda ne zahteva dodatne estetske dorade.
Tojotin pristup u rešavanju problema u radu kako bi se proizveli automobili koji će odgovoriti na različite potrošačke preferencije bez oscilacija u kvalitetu, i biti isporučeni po pristupačnoj ceni, tačno na vreme.
2024 State of Marketing Report – by HubspotMarius Sescu
https://www.hubspot.com/state-of-marketing
· Scaling relationships and proving ROI
· Social media is the place for search, sales, and service
· Authentic influencer partnerships fuel brand growth
· The strongest connections happen via call, click, chat, and camera.
· Time saved with AI leads to more creative work
· Seeking: A single source of truth
· TLDR; Get on social, try AI, and align your systems.
· More human marketing, powered by robots
ChatGPT is a revolutionary addition to the world since its introduction in 2022. A big shift in the sector of information gathering and processing happened because of this chatbot. What is the story of ChatGPT? How is the bot responding to prompts and generating contents? Swipe through these slides prepared by Expeed Software, a web development company regarding the development and technical intricacies of ChatGPT!
Product Design Trends in 2024 | Teenage EngineeringsPixeldarts
The realm of product design is a constantly changing environment where technology and style intersect. Every year introduces fresh challenges and exciting trends that mold the future of this captivating art form. In this piece, we delve into the significant trends set to influence the look and functionality of product design in the year 2024.
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
Mental health has been in the news quite a bit lately. Dozens of U.S. states are currently suing Meta for contributing to the youth mental health crisis by inserting addictive features into their products, while the U.S. Surgeon General is touring the nation to bring awareness to the growing epidemic of loneliness and isolation. The country has endured periods of low national morale, such as in the 1970s when high inflation and the energy crisis worsened public sentiment following the Vietnam War. The current mood, however, feels different. Gallup recently reported that national mental health is at an all-time low, with few bright spots to lift spirits.
To better understand how Americans are feeling and their attitudes towards mental health in general, ThinkNow conducted a nationally representative quantitative survey of 1,500 respondents and found some interesting differences among ethnic, age and gender groups.
Technology
For example, 52% agree that technology and social media have a negative impact on mental health, but when broken out by race, 61% of Whites felt technology had a negative effect, and only 48% of Hispanics thought it did.
While technology has helped us keep in touch with friends and family in faraway places, it appears to have degraded our ability to connect in person. Staying connected online is a double-edged sword since the same news feed that brings us pictures of the grandkids and fluffy kittens also feeds us news about the wars in Israel and Ukraine, the dysfunction in Washington, the latest mass shooting and the climate crisis.
Hispanics may have a built-in defense against the isolation technology breeds, owing to their large, multigenerational households, strong social support systems, and tendency to use social media to stay connected with relatives abroad.
Age and Gender
When asked how individuals rate their mental health, men rate it higher than women by 11 percentage points, and Baby Boomers rank it highest at 83%, saying it’s good or excellent vs. 57% of Gen Z saying the same.
Gen Z spends the most amount of time on social media, so the notion that social media negatively affects mental health appears to be correlated. Unfortunately, Gen Z is also the generation that’s least comfortable discussing mental health concerns with healthcare professionals. Only 40% of them state they’re comfortable discussing their issues with a professional compared to 60% of Millennials and 65% of Boomers.
Race Affects Attitudes
As seen in previous research conducted by ThinkNow, Asian Americans lag other groups when it comes to awareness of mental health issues. Twenty-four percent of Asian Americans believe that having a mental health issue is a sign of weakness compared to the 16% average for all groups. Asians are also considerably less likely to be aware of mental health services in their communities (42% vs. 55%) and most likely to seek out information on social media (51% vs. 35%).
AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork
This article is all about what AI trends will emerge in the field of creative operations in 2024. All the marketers and brand builders should be aware of these trends for their further use and save themselves some time!
Pristup malih porodičnih preduzeća u rešavanju praktičnih problema sa kojima se susreću u radu za strane partnere i klijente. Vodeći inženjeri mašinstva u Kovaksu su pristupili timskom brainstormingu gde su iznete i predložene različite ideje za prevazilaženje problema. Odabran je najoptimalniji pristup u izradi alata sa ciljem da se smanje zahtevi za skupim dodatnim radnim vremenom i da obrada finalnog proizvoda ne zahteva dodatne estetske dorade.
Tojotin pristup u rešavanju problema u radu kako bi se proizveli automobili koji će odgovoriti na različite potrošačke preferencije bez oscilacija u kvalitetu, i biti isporučeni po pristupačnoj ceni, tačno na vreme.
2024 State of Marketing Report – by HubspotMarius Sescu
https://www.hubspot.com/state-of-marketing
· Scaling relationships and proving ROI
· Social media is the place for search, sales, and service
· Authentic influencer partnerships fuel brand growth
· The strongest connections happen via call, click, chat, and camera.
· Time saved with AI leads to more creative work
· Seeking: A single source of truth
· TLDR; Get on social, try AI, and align your systems.
· More human marketing, powered by robots
ChatGPT is a revolutionary addition to the world since its introduction in 2022. A big shift in the sector of information gathering and processing happened because of this chatbot. What is the story of ChatGPT? How is the bot responding to prompts and generating contents? Swipe through these slides prepared by Expeed Software, a web development company regarding the development and technical intricacies of ChatGPT!
Product Design Trends in 2024 | Teenage EngineeringsPixeldarts
The realm of product design is a constantly changing environment where technology and style intersect. Every year introduces fresh challenges and exciting trends that mold the future of this captivating art form. In this piece, we delve into the significant trends set to influence the look and functionality of product design in the year 2024.
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
Mental health has been in the news quite a bit lately. Dozens of U.S. states are currently suing Meta for contributing to the youth mental health crisis by inserting addictive features into their products, while the U.S. Surgeon General is touring the nation to bring awareness to the growing epidemic of loneliness and isolation. The country has endured periods of low national morale, such as in the 1970s when high inflation and the energy crisis worsened public sentiment following the Vietnam War. The current mood, however, feels different. Gallup recently reported that national mental health is at an all-time low, with few bright spots to lift spirits.
To better understand how Americans are feeling and their attitudes towards mental health in general, ThinkNow conducted a nationally representative quantitative survey of 1,500 respondents and found some interesting differences among ethnic, age and gender groups.
Technology
For example, 52% agree that technology and social media have a negative impact on mental health, but when broken out by race, 61% of Whites felt technology had a negative effect, and only 48% of Hispanics thought it did.
While technology has helped us keep in touch with friends and family in faraway places, it appears to have degraded our ability to connect in person. Staying connected online is a double-edged sword since the same news feed that brings us pictures of the grandkids and fluffy kittens also feeds us news about the wars in Israel and Ukraine, the dysfunction in Washington, the latest mass shooting and the climate crisis.
Hispanics may have a built-in defense against the isolation technology breeds, owing to their large, multigenerational households, strong social support systems, and tendency to use social media to stay connected with relatives abroad.
Age and Gender
When asked how individuals rate their mental health, men rate it higher than women by 11 percentage points, and Baby Boomers rank it highest at 83%, saying it’s good or excellent vs. 57% of Gen Z saying the same.
Gen Z spends the most amount of time on social media, so the notion that social media negatively affects mental health appears to be correlated. Unfortunately, Gen Z is also the generation that’s least comfortable discussing mental health concerns with healthcare professionals. Only 40% of them state they’re comfortable discussing their issues with a professional compared to 60% of Millennials and 65% of Boomers.
Race Affects Attitudes
As seen in previous research conducted by ThinkNow, Asian Americans lag other groups when it comes to awareness of mental health issues. Twenty-four percent of Asian Americans believe that having a mental health issue is a sign of weakness compared to the 16% average for all groups. Asians are also considerably less likely to be aware of mental health services in their communities (42% vs. 55%) and most likely to seek out information on social media (51% vs. 35%).
AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork
This article is all about what AI trends will emerge in the field of creative operations in 2024. All the marketers and brand builders should be aware of these trends for their further use and save themselves some time!
A report by thenetworkone and Kurio.
The contributing experts and agencies are (in an alphabetical order): Sylwia Rytel, Social Media Supervisor, 180heartbeats + JUNG v MATT (PL), Sharlene Jenner, Vice President - Director of Engagement Strategy, Abelson Taylor (USA), Alex Casanovas, Digital Director, Atrevia (ES), Dora Beilin, Senior Social Strategist, Barrett Hoffher (USA), Min Seo, Campaign Director, Brand New Agency (KR), Deshé M. Gully, Associate Strategist, Day One Agency (USA), Francesca Trevisan, Strategist, Different (IT), Trevor Crossman, CX and Digital Transformation Director; Olivia Hussey, Strategic Planner; Simi Srinarula, Social Media Manager, The Hallway (AUS), James Hebbert, Managing Director, Hylink (CN / UK), Mundy Álvarez, Planning Director; Pedro Rojas, Social Media Manager; Pancho González, CCO, Inbrax (CH), Oana Oprea, Head of Digital Planning, Jam Session Agency (RO), Amy Bottrill, Social Account Director, Launch (UK), Gaby Arriaga, Founder, Leonardo1452 (MX), Shantesh S Row, Creative Director, Liwa (UAE), Rajesh Mehta, Chief Strategy Officer; Dhruv Gaur, Digital Planning Lead; Leonie Mergulhao, Account Supervisor - Social Media & PR, Medulla (IN), Aurelija Plioplytė, Head of Digital & Social, Not Perfect (LI), Daiana Khaidargaliyeva, Account Manager, Osaka Labs (UK / USA), Stefanie Söhnchen, Vice President Digital, PIABO Communications (DE), Elisabeth Winiartati, Managing Consultant, Head of Global Integrated Communications; Lydia Aprina, Account Manager, Integrated Marketing and Communications; Nita Prabowo, Account Manager, Integrated Marketing and Communications; Okhi, Web Developer, PNTR Group (ID), Kei Obusan, Insights Director; Daffi Ranandi, Insights Manager, Radarr (SG), Gautam Reghunath, Co-founder & CEO, Talented (IN), Donagh Humphreys, Head of Social and Digital Innovation, THINKHOUSE (IRE), Sarah Yim, Strategy Director, Zulu Alpha Kilo (CA).
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
The search marketing landscape is evolving rapidly with new technologies, and professionals, like you, rely on innovative paid search strategies to meet changing demands.
It’s important that you’re ready to implement new strategies in 2024.
Check this out and learn the top trends in paid search advertising that are expected to gain traction, so you can drive higher ROI more efficiently in 2024.
You’ll learn:
- The latest trends in AI and automation, and what this means for an evolving paid search ecosystem.
- New developments in privacy and data regulation.
- Emerging ad formats that are expected to make an impact next year.
Watch Sreekant Lanka from iQuanti and Irina Klein from OneMain Financial as they dive into the future of paid search and explore the trends, strategies, and technologies that will shape the search marketing landscape.
If you’re looking to assess your paid search strategy and design an industry-aligned plan for 2024, then this webinar is for you.
5 Public speaking tips from TED - Visualized summarySpeakerHub
From their humble beginnings in 1984, TED has grown into the world’s most powerful amplifier for speakers and thought-leaders to share their ideas. They have over 2,400 filmed talks (not including the 30,000+ TEDx videos) freely available online, and have hosted over 17,500 events around the world.
With over one billion views in a year, it’s no wonder that so many speakers are looking to TED for ideas on how to share their message more effectively.
The article “5 Public-Speaking Tips TED Gives Its Speakers”, by Carmine Gallo for Forbes, gives speakers five practical ways to connect with their audience, and effectively share their ideas on stage.
Whether you are gearing up to get on a TED stage yourself, or just want to master the skills that so many of their speakers possess, these tips and quotes from Chris Anderson, the TED Talks Curator, will encourage you to make the most impactful impression on your audience.
See the full article and more summaries like this on SpeakerHub here: https://speakerhub.com/blog/5-presentation-tips-ted-gives-its-speakers
See the original article on Forbes here:
http://www.forbes.com/forbes/welcome/?toURL=http://www.forbes.com/sites/carminegallo/2016/05/06/5-public-speaking-tips-ted-gives-its-speakers/&refURL=&referrer=#5c07a8221d9b
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
Everyone is in agreement that ChatGPT (and other generative AI tools) will shape the future of work. Yet there is little consensus on exactly how, when, and to what extent this technology will change our world.
Businesses that extract maximum value from ChatGPT will use it as a collaborative tool for everything from brainstorming to technical maintenance.
For individuals, now is the time to pinpoint the skills the future professional will need to thrive in the AI age.
Check out this presentation to understand what ChatGPT is, how it will shape the future of work, and how you can prepare to take advantage.
A brief introduction to DataScience with explaining of the concepts, algorithms, machine learning, supervised and unsupervised learning, clustering, statistics, data preprocessing, real-world applications etc.
It's part of a Data Science Corner Campaign where I will be discussing the fundamentals of DataScience, AIML, Statistics etc.
Time Management & Productivity - Best PracticesVit Horky
Here's my presentation on by proven best practices how to manage your work time effectively and how to improve your productivity. It includes practical tips and how to use tools such as Slack, Google Apps, Hubspot, Google Calendar, Gmail and others.
The six step guide to practical project managementMindGenius
The six step guide to practical project management
If you think managing projects is too difficult, think again.
We’ve stripped back project management processes to the
basics – to make it quicker and easier, without sacrificing
the vital ingredients for success.
“If you’re looking for some real-world guidance, then The Six Step Guide to Practical Project Management will help.”
Dr Andrew Makar, Tactical Project Management
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Applitools
During this webinar, Anand Bagmar demonstrates how AI tools such as ChatGPT can be applied to various stages of the software development life cycle (SDLC) using an eCommerce application case study. Find the on-demand recording and more info at https://applitools.info/b59
Key takeaways:
• Learn how to use ChatGPT to add AI power to your testing and test automation
• Understand the limitations of the technology and where human expertise is crucial
• Gain insight into different AI-based tools
• Adopt AI-based tools to stay relevant and optimize work for developers and testers
* ChatGPT and OpenAI belong to OpenAI, L.L.C.
More than Just Lines on a Map: Best Practices for U.S Bike Routes
This session highlights best practices and lessons learned for U.S. Bike Route System designation, as well as how and why these routes should be integrated into bicycle planning at the local and regional level.
Presenters:
Presenter: Kevin Luecke Toole Design Group
Co-Presenter: Virginia Sullivan Adventure Cycling Association
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...DevGAMM Conference
Has your project been caught in a storm of deadlines, clashing requirements, and the need to change course halfway through? If yes, then check out how the administration team navigated through all of this, relocating 160 people from 3 countries and opening 2 offices during the most turbulent time in the last 20 years. Belka Games’ Chief Administrative Officer, Katerina Rudko, will share universal approaches and life hacks that can help your project survive unstable periods when there seem to be too many tasks and a lack of time and people.
This presentation was designed to provide strategic recommendations for a brand in decline. The deck also incorporates a situational assessment, including a brand identity, positioning, architecture, and portfolio strategy for the Brand.
Presentation originally created for NYU Stern's Brand Strategy course. Design by Erica Santiago & Chris Alexander.
A report by thenetworkone and Kurio.
The contributing experts and agencies are (in an alphabetical order): Sylwia Rytel, Social Media Supervisor, 180heartbeats + JUNG v MATT (PL), Sharlene Jenner, Vice President - Director of Engagement Strategy, Abelson Taylor (USA), Alex Casanovas, Digital Director, Atrevia (ES), Dora Beilin, Senior Social Strategist, Barrett Hoffher (USA), Min Seo, Campaign Director, Brand New Agency (KR), Deshé M. Gully, Associate Strategist, Day One Agency (USA), Francesca Trevisan, Strategist, Different (IT), Trevor Crossman, CX and Digital Transformation Director; Olivia Hussey, Strategic Planner; Simi Srinarula, Social Media Manager, The Hallway (AUS), James Hebbert, Managing Director, Hylink (CN / UK), Mundy Álvarez, Planning Director; Pedro Rojas, Social Media Manager; Pancho González, CCO, Inbrax (CH), Oana Oprea, Head of Digital Planning, Jam Session Agency (RO), Amy Bottrill, Social Account Director, Launch (UK), Gaby Arriaga, Founder, Leonardo1452 (MX), Shantesh S Row, Creative Director, Liwa (UAE), Rajesh Mehta, Chief Strategy Officer; Dhruv Gaur, Digital Planning Lead; Leonie Mergulhao, Account Supervisor - Social Media & PR, Medulla (IN), Aurelija Plioplytė, Head of Digital & Social, Not Perfect (LI), Daiana Khaidargaliyeva, Account Manager, Osaka Labs (UK / USA), Stefanie Söhnchen, Vice President Digital, PIABO Communications (DE), Elisabeth Winiartati, Managing Consultant, Head of Global Integrated Communications; Lydia Aprina, Account Manager, Integrated Marketing and Communications; Nita Prabowo, Account Manager, Integrated Marketing and Communications; Okhi, Web Developer, PNTR Group (ID), Kei Obusan, Insights Director; Daffi Ranandi, Insights Manager, Radarr (SG), Gautam Reghunath, Co-founder & CEO, Talented (IN), Donagh Humphreys, Head of Social and Digital Innovation, THINKHOUSE (IRE), Sarah Yim, Strategy Director, Zulu Alpha Kilo (CA).
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
The search marketing landscape is evolving rapidly with new technologies, and professionals, like you, rely on innovative paid search strategies to meet changing demands.
It’s important that you’re ready to implement new strategies in 2024.
Check this out and learn the top trends in paid search advertising that are expected to gain traction, so you can drive higher ROI more efficiently in 2024.
You’ll learn:
- The latest trends in AI and automation, and what this means for an evolving paid search ecosystem.
- New developments in privacy and data regulation.
- Emerging ad formats that are expected to make an impact next year.
Watch Sreekant Lanka from iQuanti and Irina Klein from OneMain Financial as they dive into the future of paid search and explore the trends, strategies, and technologies that will shape the search marketing landscape.
If you’re looking to assess your paid search strategy and design an industry-aligned plan for 2024, then this webinar is for you.
5 Public speaking tips from TED - Visualized summarySpeakerHub
From their humble beginnings in 1984, TED has grown into the world’s most powerful amplifier for speakers and thought-leaders to share their ideas. They have over 2,400 filmed talks (not including the 30,000+ TEDx videos) freely available online, and have hosted over 17,500 events around the world.
With over one billion views in a year, it’s no wonder that so many speakers are looking to TED for ideas on how to share their message more effectively.
The article “5 Public-Speaking Tips TED Gives Its Speakers”, by Carmine Gallo for Forbes, gives speakers five practical ways to connect with their audience, and effectively share their ideas on stage.
Whether you are gearing up to get on a TED stage yourself, or just want to master the skills that so many of their speakers possess, these tips and quotes from Chris Anderson, the TED Talks Curator, will encourage you to make the most impactful impression on your audience.
See the full article and more summaries like this on SpeakerHub here: https://speakerhub.com/blog/5-presentation-tips-ted-gives-its-speakers
See the original article on Forbes here:
http://www.forbes.com/forbes/welcome/?toURL=http://www.forbes.com/sites/carminegallo/2016/05/06/5-public-speaking-tips-ted-gives-its-speakers/&refURL=&referrer=#5c07a8221d9b
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
Everyone is in agreement that ChatGPT (and other generative AI tools) will shape the future of work. Yet there is little consensus on exactly how, when, and to what extent this technology will change our world.
Businesses that extract maximum value from ChatGPT will use it as a collaborative tool for everything from brainstorming to technical maintenance.
For individuals, now is the time to pinpoint the skills the future professional will need to thrive in the AI age.
Check out this presentation to understand what ChatGPT is, how it will shape the future of work, and how you can prepare to take advantage.
A brief introduction to DataScience with explaining of the concepts, algorithms, machine learning, supervised and unsupervised learning, clustering, statistics, data preprocessing, real-world applications etc.
It's part of a Data Science Corner Campaign where I will be discussing the fundamentals of DataScience, AIML, Statistics etc.
Time Management & Productivity - Best PracticesVit Horky
Here's my presentation on by proven best practices how to manage your work time effectively and how to improve your productivity. It includes practical tips and how to use tools such as Slack, Google Apps, Hubspot, Google Calendar, Gmail and others.
The six step guide to practical project managementMindGenius
The six step guide to practical project management
If you think managing projects is too difficult, think again.
We’ve stripped back project management processes to the
basics – to make it quicker and easier, without sacrificing
the vital ingredients for success.
“If you’re looking for some real-world guidance, then The Six Step Guide to Practical Project Management will help.”
Dr Andrew Makar, Tactical Project Management
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Applitools
During this webinar, Anand Bagmar demonstrates how AI tools such as ChatGPT can be applied to various stages of the software development life cycle (SDLC) using an eCommerce application case study. Find the on-demand recording and more info at https://applitools.info/b59
Key takeaways:
• Learn how to use ChatGPT to add AI power to your testing and test automation
• Understand the limitations of the technology and where human expertise is crucial
• Gain insight into different AI-based tools
• Adopt AI-based tools to stay relevant and optimize work for developers and testers
* ChatGPT and OpenAI belong to OpenAI, L.L.C.
More than Just Lines on a Map: Best Practices for U.S Bike Routes
This session highlights best practices and lessons learned for U.S. Bike Route System designation, as well as how and why these routes should be integrated into bicycle planning at the local and regional level.
Presenters:
Presenter: Kevin Luecke Toole Design Group
Co-Presenter: Virginia Sullivan Adventure Cycling Association
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...DevGAMM Conference
Has your project been caught in a storm of deadlines, clashing requirements, and the need to change course halfway through? If yes, then check out how the administration team navigated through all of this, relocating 160 people from 3 countries and opening 2 offices during the most turbulent time in the last 20 years. Belka Games’ Chief Administrative Officer, Katerina Rudko, will share universal approaches and life hacks that can help your project survive unstable periods when there seem to be too many tasks and a lack of time and people.
This presentation was designed to provide strategic recommendations for a brand in decline. The deck also incorporates a situational assessment, including a brand identity, positioning, architecture, and portfolio strategy for the Brand.
Presentation originally created for NYU Stern's Brand Strategy course. Design by Erica Santiago & Chris Alexander.
4. Dividende (poslednja godina) 1,82
Stopa rasta dividendi 10,98%
Re 13,04%
Dug za tekuću (poslednju godinu) 56800
Dug za prethodnu godinu 39800
Prosečan dug 48300
Troškovi kamate 384
Rd 0,80%
Ukupan dug 120000
Ukupan sopstveni kapital 112000 574105,4
WACC 6,60% 10,89%
Rt (poreska stopa) 26,17%
5. CAPM Model
Rf 4,73%
The yield on Treasury bills (a short-term debt obligation backed by the USA
government with a maturity of less then one year.
Rm 15,55%
Annualized return (true CAGR of the S&P500 Stock market) for the last five
years
Beta 0,91 Regression Coeficient of the Apple's Stock Returns on the Market Returns
Re 14,58%
WACC 12,16%
7. Parametri - model dobitka/gubitka % Obrazloženje
Troškovi prodatih proizvoda/Prodaja 56,83% Koristimo poslednju vrednost zbog pretpostavke da će tako
biti i dalje.
Troškovi istraživanja i razvoja/Prodaja 3,09% Koritsimo prosečnu vrednost zbog malih fluktuacija tokom
godina.
Opšti troškovi, troškovi prodaje i administrativni
troškovi/Prodaja
6,56% Koristimo poslednju vrednost zbog postojanja opadajućeg
trenda.
Ostali rashodi/Prodaja Konstanta
Ostali prihodi/Prodaja Konstanta
Amortizacija/Ukupna fiksna imovina 38,59% Koristimo poslednju vrednost zbog trenda rasta ovog
parametra.
Troškovi kamate/Prosečan dug 2,65% Koristimo posleednju vrednost uslud rastućeg trenda.
Porezi/Dobit pre poreza 27,06% Koristimo prosečnu vrednost jer su fluktuacije male.
Dividende/Neto dobit 28,10% Koristimo poslednju vrednost usled postojanja trenda rasta.
Stopa rasta dividendi 10,98% Izračunata u prethodnom koraku.
8. Gotovina/Prihodi od prodaje 25,11% 33,11% 38,96% 36,62% 14,41% 17,33% 9,08% 6,82% 8,36% 7,54%
Kratkoročne investicije/Prihodi od prodaje 34,32% 19,27% 25,13% 38,77% 49,86% 22,09% 14,91% 11,72% 15,38% 6,12%
Kratkoročna potraživanja/Prihodi od prodaje 6,44% 6,48% 16,79% 14,46% 9,21% 15,21% 10,83% 11,91% 12,05% 14,86%
Zalihe/Prihodi od prodaje 1,19% 1,40% 1,44% 1,57% 1,25% 1,61% 0,72% 0,50% 1,03% 1,15%
Unapred plaćeni troškovi/Prihodi od prodaje 0,00% 0,00% 1,74% 1,46% 0,00% 0,00% 0,00% 0,00% 0,00% 0,00%
Odložena poreska sredstva/Prihodi od prodaje 2,38% 3,15% 3,26% 4,46% 5,75% 2,52% 1,86% 1,64% 2,02% 2,36%
Ostala tekuća imovina/Prihodi od prodaje 4,66% 11,76% 4,15% 9,42% 18,85% 5,29% 4,19% 4,11% 4,02% 5,36%
Ukupna tekuća imovina/Prihodi od prodaje 74,10% 75,13% 91,67% 106,77% 99,45% 63,96% 41,67% 36,75% 42,87% 37,43%
Amortizacija/Nabavna vrednost fiksne imovine 17,97% 14,95% 14,76% 16,13% 19,24% 17,76% 18,87% 17,47% 28,94% 27,85%
Neto fiksna imovina/Prihodi od prodaje 5,88% 6,63% 7,63% 7,57% 8,08% 7,32% 7,20% 9,87% 9,71% 11,26%
Nematerijalna imovina/Prihodi od prodaje 0,69% 1,03% 1,75% 1,51% 1,24% 1,66% 4,10% 3,41% 3,37% 4,79%
Ostala dugoročna imovina/Prihodi od prodaje 1,12% 6,32% 4,38% 5,97% 38,90% 42,48% 54,81% 62,17% 64,91% 73,22%
Kratkoročne obaveze/Prihodi od prodaje 12,81% 17,56% 20,71% 16,98% 15,34% 18,40% 13,52% 13,50% 13,10% 16,50%
Akumulirani troškovi/Prihodi od prodaje 0,00% 6,17% 5,25% 26,37% 0,00% 0,00% 0,00% 0,00% 0,00% 0,00%
Kratkoročne dugovi/Prihodi od prodaje 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 3,45%
Ostale tekuće obaveze/Prihodi od prodaje 8,13% 9,79% 12,79% 0,00% 28,22% 5,92% 4,84% 4,77% 9,42% 10,55%
Ukupne kratkoročne obaveze/Prihodi od prodaje 25,04% 33,52% 38,75% 43,38% 52,88% 31,75% 25,93% 24,52% 25,56% 34,64%
Dugoročne obaveze/Sopstvena imovina 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 13,71% 25,89%
Dugoročne obaveze/Ukupna imovina 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 8,21% 12,50%
Ostale dugoročne obaveze/Prihode od Prodaje 0,00% 1,91% 3,74% 11,60% 18,47% 3,63% 10,93% 12,29% 3,71% 4,15%
Ostale dugoročne obaveze - Stopa rasta 39,95%
Obične akcije u slobodnoj prodaji - Stopa rasta 23,37%
9. Gotovina/Prihodi od prodaje 7,54% Koristimo poslednju vrednost zbog očiglednog opadajućeg trenda
Kratkoročne investicije/Prihodi od prodaje 6,12% Volatilnost ovog parametra je povećana ali postoji trenda opadanja.
Kratkoročna potraživanja/Prihodi od prodaje 11,82% Koristimo prosečnu vrednost za ovaj parametar.
Zalihe/Prihodi od prodaje 1,19% Koristimo prosečnu vrednost za ovaj parametar.
Unapred plaćeni troškovi/Prihodi od prodaje 0,00% Koristimo poslednju vrednost.
Odložena poreska sredstva/Prihodi od prodaje 2,94% Koristimo prosečnu vrednost.
Ostala tekuća imovina/Prihodi od prodaje 5,36% Koristimo poslednju vrednost zbog zadnjih pet godina.
Amortizacija/Nabavna vrednost fiksne imovine 27,85% Koristimo poslednju vrednost zbog povećanja amortizacije
Neto fiksna imovina/Prihodi od prodaje 11,26% Koristimo poslednju vrednost usled rastućeg trenda.
Nematerijalna imovina/Prihodi od prodaje 4,79% Koristimo poslednju vrednost zbog trenda rasta.
Ostala dugoročna imovina/Prihodi od prodaje 73,22% Koristimo poslednu vrednost jer postoji očigledan trend rasta.
Kratkoročne obaveze/Prihodi od prodaje 15,84% Koristimo prosečnu vrednost zbog stalnih, malih oscilacija.
Akumulirani troškovi/Prihodi od prodaje 0,00% Koristimo poslednju vrednost jer se ne menja u dužem periodu.
Kratkoročne dugovi/Prihodi od prodaje 3,45% Koristimo poslednju vrednost jer ranije nema kratkoročnih dugova.
Ostale tekuće obaveze 9,44% Koristimo prosečnu vrednost jer ne postoji očigledan trend.
Dugoročne obaveze/sopstvena imovina 25,89% Koristimo poslednju vrednost zbog pretpostavke rastućeg trenda.
Dugoročne obaveze/ukupna imovina 12,50% Koristimo poslednju vrednost zbog pretpostavke rastućeg trenda.
Ostale dugoročne obaveze/Prihodi od prodaje 7,04% Koristimo prosek usled stalno prisustva dug. obaveza ali bez trenda.
Odloženi porez na prihod 35,17% Fiksno, prema prosečnoj stopi rasta prihoda od prodaje.
Ostale dugoročne obaveze - stopa rasta 39,95% Izračunato.
Obične akcije u slobodnoj prodaji - Stopa rasta 23,37% PLUG
Ostali kapital Konstanta
10. BILANS USPEHA 2014 2015 2016 2017 2018 2019
Prihodi od prodaje 183000 247356 334344 451924 610853 825673
Troškovi prodatih prozvoda, robe i usluga 104000 140574 190010 256831 347151 469235
Bruto dobit 78500 106782 144334 195093 263702 356438
Troškovi istraživanja i razvoja 6040 7642 10330 13963 18873 25510
Opšti troškovi, troškovi prodaje i administrativni troškovi 12000 16220 21924 29634 40056 54142
Amortizacija i deprecijacija 7950 9348 12635 17079 23085 31203
Ostali rashodi -1790 -1790 -1790 -1790 -1790 -1790
Ukupni poslovni rashodi 24200 31420 43099 58886 80224 109066
Poslovna dobit 54300 75362 101235 136207 183478 247372
Ostali prihodi -431 -431 -431 -431 -431 -431
Dobit pre kamate i poreza 53900 74931 100804 135776 183047 246941
Kamata na manjinske udele 0 0 0 0 0 0
Troškovi kamate 384 893 1196 1617 2185 2954
Dobit pre poreza 53500 74038 99608 134159 180861 243987
Rashodi po osnovu poreza 14000 20033 26952 36300 48937 66017
Neto dobit iz redovnog poslovanja 39500 54005 72656 97859 131925 177970
Prihodi iz vanrednog poslovanja 0 0 0 0 0 0
Vanredni prihodi/rashodi 0 0 0 0 0 0
Razlike po osnovu promena računovodstvene politike 0 0 0 0 0 0
Ostali prihodi/rashodi 0 0 0 0 0 0
Neto dobit 39500 54005 72656 97859 131925 177970
Preferencijalne dividende 0 0 0 0 0 0
Neto dobit običnih akcionara 39500 54005 72656 97859 131925 177970
13. WACC 12,16%
Long Term Free Cash Flow 4%
Rast prihoda od prodaje 35,17%
Godina 2015 2016 2017 2018 2019
FCF 98776 124358 170390 232856 317539
Terminal Value 4048214
Total 98776 124358 170390 232856 4365753
Enterprise value 2914731 3546216
Cash 13800 18653
Asset Value (Vrednost ukupne imovine) 2928531 3564869
Substract Debt (Oduzeti dugove) -29000 -38414
Equity Value (Vrednost sopstvene imovine) 2899531 3526455
Number of Shares Outstanding Sept.2014 5866
Implied Value per Share 494
Market Price per Share Sept. 2014 97,87