某股份公司最近支付了每股1元的股利,预计在以后4年内股利将以15%的年增长率增长
孝顺的麦片
于2023-03-23 17:53 发布 743次浏览
- 送心意
齐惠老师
职称: 会计师
2023-03-23 17:59
是的,你描述的这一情况很有意义。现在我们来看看股利增长率对于股票价格影响有多大?
相关问题讨论

是的,你描述的这一情况很有意义。现在我们来看看股利增长率对于股票价格影响有多大?
2023-03-23 17:59:32

内在价值为 1*(1%2B30%)*(P/F,20%,1)%2B1*(1%2B30%)*(1%2B30%)*(P/F,20%,2)%2B1*(1%2B30%)*(1%2B30%)*(1%2B30%)*(P/F,20%,3)%2B1*(1%2B30%)*(1%2B30%)*(1%2B30%)*(1%2B15%)/(20%-15%)*(P/F,20%,3)
你计算一下结果。
2020-12-09 21:48:57

该公司股票的价值是=1.15/1.12%2B1.15^2/1.12^2%2B...1.15^4/1.12^4 %2B1.15^4*1.1/1.12^5%2B...1.15^4*1.1^3/1.12^7 %2B1.15^4*1.1^3*1.05/(1.12-1.05)
2021-11-03 14:44:17

该公司普通股的价值是=1*(1%2B10%)/(1%2B12%)^-1%2B1*(1%2B10%)^2/(1%2B12%)^-2%2B1*(1%2B10%)^3/(1%2B12%)^-3%2B1*(1%2B10%)^3*(1%2B8%)/(1%2B12%)^-4%2B1*(1%2B10%)^3*(1%2B8%)^2/(1%2B12%)^-5%2B1*(1%2B10%)^3*(1%2B8%)^3/(1%2B12%)^-6%2B1*(1%2B10%)^3*(1%2B8%)^4/(1%2B12%)^-7%2B1*(1%2B10%)^3*(1%2B8%)^4*(1%2B3%)/(12%-3%)/(1%2B12%)^-7=62.74
2022-05-30 14:39:43

案例:假设ABC公司的股票当前价格为10元,投资者希望实现15%的投资必要报酬率,预计未来三年的股利将高速增长20%,从第4年又开始正常增长12%,公司最近支付的股利为2元,此时投资者考虑该股票的内在价值为:
内在价值= (2*1.2^3*1.12^6)/(1.15-1.12) + 10 = 29.57元
上述计算方式即为:投资者预期未来七年的股利总和(前三年高速增长20%,后四年增长12%,股利发放从第一年开始)乘以投资必要报酬率的倒数,再加上当前股价即为该股票的内在价值。
2023-03-23 15:05:32
还没有符合您的答案?立即在线咨询老师 免费咨询老师
精选问题
获取全部相关问题信息
孝顺的麦片 追问
2023-03-23 17:59
齐惠老师 解答
2023-03-23 17:59
孝顺的麦片 追问
2023-03-23 17:59