Ukuqonda i-EPS eyisiseko kunye ne-EPS ehlanjululwayo
Inkcazo ye-EPS
Ukubeka nje, i-EPS yinto ecacileyo ejongene neZiphumo ngeSabelo.
Ngokwenene, kukho iintlobo ezimbini zee-EPS abafaki-mali abanokuhlangabezana nazo xa befunda ingxelo ye- engenayo yenkampani ngokuthatha ingxelo yonyaka okanye ifom ye-10-K : I-EPS yaseSiseko kunye ne-EPS ehlanjululwayo. Bobabini bathetha umtyalomali okanye umninimzi-zimali izinto ezahlukeneyo.
- Isiseko se-EPS - I-EPS ye-Basic Basic, okanye i-Basic Basic Revenue Share, ingumfanekiso ophumela xa ishishini lithatha inzuzo eyayifumana kwixesha elithile, mhlawumbi kwikota okanye ngonyaka, kwaye lihlula ngoomlinganiselo wenani labelo isitokhwe inkampani ekhutshileyo kwaye iphumelele. Ukuba inkampani izuze iiligidi ezingama-500 zeemali kwaye ibe neeholide yezigidi ezingama-250 zeempahla ezikhutshwe kwaye zingekho, i-EPS yeSiseko iya kuba yi-$ 2.00 kuba i-$ 500 yezigidi ezixhamliweyo zahlulwa ngama-250 million shares = $ 2.00
- I-EPS ye-Diluted - I-EPS ye-diluted ye-EPS iyinto efanayo ngaphandle kwezabelo ezibalaseleyo zihlengahlengiswa ukuba zibandakanye izabelo ezinokuthi ziza kukhutshwa okanye ziza kukhutshwa kwixesha elizayo, njengalezo zixhaswe kunye nekhefu lomqeshi, i-stock preferred , i-warrants, okanye ezinye izibambiso eziphathekayo . Ukuba inkampani inomlinganiselo obalulekileyo wokuhlaziywa kwimiqulu, i-EPS "yangempela" iya kuba ngaphantsi kwesibalo esisiseko se-EPS kwiminyaka enenzuzo kuba inzuzo engenayo iya kufuneka ihlulwe ngamasheya angaphezulu. Ngokomntu, ngokuhlalutya kwam kunye nokuhlalutya kwenkampani yokulawula i-asethi apho ndiza kuba nokulawula ubutyebi bentsapho yam kunye nobutyebi bomhlaba obutyebi kunye nabaphezulu abathengi abathengi abasondelene nathi, iKennon-Green & Co., Ndiyomdla kakhulu kwi-EPS ye-Diluted. Ndicinga ukuba i-EPS eyisiseko ayifanelekanga ngokuthelekisekileyo engekhoyo kwiimeko ezithile ezikhethekileyo ezifana nokukholelwa okuphezulu ukuba ukuhlengahlengiswa akuyi kwenzeka ngenxa yesinye isizathu. (Ngokwenene, into endikhetha ukuyisebenzisa ayiyiyo yonke i-EPS, kodwa kunokuba i-cash flow flow figure eyaziwa ngokuba yi-Owner Revenue.)
Isizathu esiyiNtloko ye-EPS kunye nee-EPS ezihlanjululwayo ze-EPS zibalulekile kubaTshali-mali abatsha
Kutheni i-EPS ibaluleke kangaka? Abanini-zimali abaninzi abanomdla basebenzisa i-EPS eyisiseko kunye ne-EPS ehlanjululwayo ukubala ukuba bangakanani ukuba bacinga ukuba isitokthi sinelungelo. Ngokukodwa, ii-EPS zenza isiseko semilinganiselo emininzi ebalulekileyo yemali kuquka:
- Ukulinganiswa kwexabiso-kuya-Uzuzo okanye i-P / E Ratio - Inani le- p / e le-stock likuxelela ukuba uninzi kangakanani iminyaka eya kuthatha i-EPS ye-siseko eyinkampani ukukuhlawula iindleko zakho zotyalo-mali ukucinga ukuba akukho ntlawulo efunekayo kwizabelo, kukho akukho ukukhula, kwaye yonke imivuzo ihlawulwe njengenzuzo yemali. Isilinganiso se-p / e sinokuguqulwa ukubala isivuno somvuzo.
- Ukulinganiswa kwe-PEG - Umlinganiselo wokukhula kwamanani-kuya-mali, okanye umlinganiselo we-PEG, ifom yokuguqulwa kwe-p / e ethatha i-EPS eyintloko kwaye ibala inani le-p / e kunye nohlengahlengiso lokukhula okucetywayo kwimali nganye yesabelo kwiminyaka ezayo. Ukuze ufunde kabanzi malunga noku, funda Ukusebenzisa i-PEG Ratio ukufumanisa i-Stock Gems efihliweyo .
- Ukulinganiswa kwe-PEG-Ulungelelaniso lwe-PEG - Ukuya kwelinye inyathelo eliqhubekayo, isilinganiso somlinganiselo wokukhula-kuya-umvuzo, okanye isahluko se-PEG esitshintshileyo, ifom ye-PEG enokuthi ithathe isibalo se-EPS esisisiseko kwaye iqwalasele ukulinganisela kungekuphela kokukhula okulindelekileyo kwi-future earnings nganye ngezabelo kodwa kwakhona isivuno sokwahlula , ngokunjalo. Ukuze ufunde oku ngakumbi ngale nto, funda i -Divid-Adjusted PEG Ratio Inokukunceda Ufumane i-Unpervised Blue Chip Stocks .
Ukuqaphela ukuba yiyiphi i-EPS eya kuhlawula inkampani inokuba yinkathazo. Abanye abatyali-mali batyha imigaqo eqinile kunye nekhawulezileyo, engabonakaliyo ingqiqo njengoko engabikho kwimali yokunyuka kwamaxabiso , irhafu, kunye nengozi , njengokukhawuleza kuphela ukufumana imali ye-10x kwisitokisi. Abanye abantu bahlawula i-EPS ye-8.5x + izinga elilindelekileyo lokukhula kwi-EPS, eyayiyifom ephakanyiswe ngumtyalo-mali oyimali uBenjamin Graham. Okokuthi, ukuba inkampani ikhula nge-15%, uGraham uthe akufanele uhlawule ngaphezu kwe-8.5x + 15 = = 23.5x ePS ehlanjululwayo.
Ukuze inkampani izuze i-EPS ye-2.00 ye-EPS, leyo yayiza kuba yi-47 yeesahlulo ngasinye ngesabelo ngenxa ye-23.5 x $ 2.00 = $ 47.
I-EPS eyisiseko kunye ne-EPS ehlanjululwayo ibalulekile kwakhona kuba izabelo zihlawulwa ngokuqhelekileyo kwiingeniso. Ukuba inkampani ine-EPS ye-$ 2.00, ayikwazi ukuhlawula amaxabiso e-$ 3.00 ngonaphakade. Akunakwenzeka. Abahluli-mali abahlukileyo bajonge ipesenti ye-EPS ehlawulwe njengamaxabiso ekulinganiseni indlela "ekhuselekileyo" inkokhelo yentlawulo yenkampani. Ukufumana ulwazi oluninzi ngale sihloko, funda ntoni ukwahlula ukutshala imali? .
Ngengxoxo enzulu kakhulu, funda isicatshulwa sam kwi- Basic EPS kunye ne-EPS ehlanjululwayo , eyingxenye yeSifundo se-Investing esichazela indlela yokufunda ingxelo zezimali .