(still some companies use EPS !?) ! Following slides focus on explaining why also return on capital alone is often an unreliable performance measure EVA is a registered trademark of Stern Stewart & Co. EVA vs. rate of return There are two very good reasons why EVA is much better than ROÍ (ROÑA‚ ROCE‚ ROIC) as a controlling tool and as a performance measure 1. Steering failure in ROI Increase in ROÍ is not necessarily good for shareholders i.e. maximizing ROÍ can not be set as a target
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PREPARED FOR PREPARED FOR Pallabi Siddiqua Assistant Professor Department of Finance PREPARED BY PREPARED BY University of Dhaka Tahmina Akter Id-050 Sec-B Department of Finance University of Dhaka Belonged in group-5 Sl no. | Name | Roll | 1 | Saifuddin Ahmed | 15-010 | 2 | Sajib Dey | 15-034 | 3 | Tahmina Akter | 15-050 | 4 | Md. Nazmus Sayeed Sharon | 15-116 | 5 | Pritam Saha | 15-130 | Section: B‚ Batch: 15th (Group -5)
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30017 Corporate Finance Hannes Wagner The included PDF files are examples of case study write-ups made by students of the 30017 Corporate Finance course in 2012-2013. The underlying case was “Hutchison Whampoa Limited: The Capital Structure Decision”. The write-ups were evaluated as “excellent” and the students have agreed for their work to be distributed. All rights to their work remain with them. The instructions that students received were the following: “Your assignment is to provide a written
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Parliament (EP) was established by the Treaty of Rome in 1957. In the original institutional design of the European Coal and Steel Community (ECSC)‚ the EP was not intended to play any key major roles. The EP was one of the oldest common institutions where it began as the Common Assembly. However‚ since 1987‚ the responsibility of the EP in the policy-making process has been progressively improved over the years. Such improvements were mainly due to the several treaties revision. Even though the EP does
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Topic Time* E22-1 Basic EPS calculations: multiple choice 20 E22-2 Calculating fully diluted EPS: multiple choice 40 E22-3 Fully diluted EPS: multiple choice 20 E22-4 Analyze the capital structure; average shares; compute EPS 20 E22-5 Analyze the capital structure; average shares; compute EPS 20 E22-6 Compute EPS for three years; stock dividend and split 15 E22-7 Analyze the capital structure; stock dividend; compute EPS 15 E22-8 Compute primary EPS; different kinds of gains
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Introduction New information announcements about security offerings by publicly listed firms can cause one of three reactions in the financial markets: (i) positive‚ (ii) negative‚ or (iii) indifferent reactions. These responses are measured in the average two-day common stock price reactions adjusted for general market price changes (abnormal returns) to announcements of public issues of common stock‚ preferred stock‚ convertible preferred stock‚ straight debt and convertible debt. Stock markets
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DETERMINANTS OF STOCK PRICE FLUCTUATION IN NEPAL By GEETA SHRESTHA Shanker Dev Campus T.U. Regd. No. 7-2-38-2204-2001 Campus Roll No. : 289/061 A Thesis Submitted to: Office of the Dean Faculty of Management Tribhuvan University In partial fulfillment of the requirement for the Degree of Master’s in Business Studies (M.B.S) Kathmandu‚ Nepal February‚ 2009 RECOMMENDATION This is to certify that the Thesis Submitted by: GEETA SHRESTHA Entitled: DETERMINANTS OF STOCK PRICE FLUCTUATION
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deal:- Bank EPS (1) No. of outstanding shares (2) Earnings (=1*2) Bank of New York 0.64 751.8 million 481.152 million Mellon Financial 0.65 411.9 million 267.735 million Total 748.887 million After the deal:- Pre deal Earning per share of Mellon 0.65 No. of shares of Mellon post deal (*Cumulative total earnings/Pre deal EPS) 1152.13 million (=748.887/0.65) Shares of Mellon (1:1 exchange ratio) 411.9 million Shares of Bank of New York 740.23 million (=1152.13-411.9) To maintain the EPS pre and post
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firms. are usually changed every year to reflect earnings changes‚ and these changes are randomly higher or lower‚ depending on whether earnings increased or decreased. are usually set as a fixed percentage of earnings‚ e.g.‚ at 40% of earnings‚ so if EPS = $2.00‚ then DPS will equal $0.80. Once the percentage is set‚ then dividend policy is on "automatic pilot" and the actual dividend depends strictly on earnings. 2 points Question 3 Which of the following statements is correct? Answer Firms with a
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determining ours Keep the same position‚ in relations to competitors moves‚ adjusting prices and P/Q ratings accordingly Keep and A+ credit rating Grow Revenues‚ EPS‚ ROE‚ Image rating‚ Stock Price and Credit Rating enough to withstand a competitive market. (see associated financial graphs in Appendix A) Buy back stock in order to elevate EPS Maximize production for both cameras‚ by 10%‚ in order to assure no shortage of cameras in retail inventory Maximize labor cost to ensure higher than industry
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