MayBeMayBe

MayBeMayBe

Investment Philosophies – Valuation another point ….,,

with one comment

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Relation between ROE and PBR with Equity Cost and groth rate

Relation between ROE and PBR with Equity Cost and groth rate

DPR : Dividend Payout Ratio, 배당성향.

Ke : the Cost of Equity

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ROE와 PBR 관계….

배당성향에 따라 Valuation 모양이 달라진다.

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무위험 국채 수익률….이 증가하면 gn 또한 어느정도는 증가해야할지도..

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PER는 PBR/ROE로 구하면 된다.

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gn을 어떻게 잡느냐에 따라 모양이 약간 달라지겠지만..

그냥 3% 정도로 잡아 보았다.

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https://maparam.wordpress.com/2015/03/08/investment-philosophies-valuation/

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그래도 몇가지 조건을 변경하였을 때 Valuation 곡선이 어떻게 변하는지 보는 것도 좋아 보인다.

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Written by MayBeMayBe

March 8, 2015 at 23:26

Posted in Terminology

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