Финансовая азбука

  • Published on
    16-Jun-2015

  • View
    893

  • Download
    2

Embed Size (px)

DESCRIPTION

.

Transcript

<ul><li> 1. </li></ul> <p> 2. 1. 2. 3. 3. , , . , , . 4. : 1(1 + i)n :T CFNPV = (1 + i)n n=1 5. i = i. + i. + i. CAPM (Capital Asset Pricing Model) i = i. + (i. i.) + L1 + L2 WACC 6. (CF)CF = EBIT(1 T) + D CI 7. Stern Stewart &amp; CoEVA = NOPAT WACCCE , . EVA , . 8. 0 1 23 45 30 20 304050 60 5 15 2535 45 5 .. 20% 20% 9. 10. 11. 12. 13. 14. Du Pont 15. Protability RatioEBIT / SalesM Fix CSales Var CPrice VCost N 16. Activity RatioSales / ANA + Cur LFix A + CW Cur A Cur L 17. ROA = EBIT / A = AT ROS( ) 18. ( CF ROE S)V ROSEBITM S xP.. .. %/ S FC VCN.x . ROAATO Sx .- - / A NACW CA . . x 1 +CL +FA CL 1. . ...ROE LR+LCL. . . .. . . /EA + LTL. . . x L NI EBT EBIT . . .% / EBIT x 1TaxLCL. .1 . % .xi +LTL.i. 19. NOPAT EBITSV. . . . % x EVA CE LEBT FCP. . . .x + x WACCE 1TaxVC. .1 ( EVAS) 20. ! 21. BSC Balanced Score Card 22. - - CF- - % - - - % - 23. bobmevish@gmail.com icq 248-200-650 www.mevish.ru </p>