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所在平台: Udemy |
课程主页: https://www.udemy.com/course/valuation-of-share/
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**课程名称：** 股票估值 **课程概述：** 本课程旨在介绍股票估值的基本概念及其在各种财务场景中的应用。 **股票估值的重要性与目的：** 股票估值在企业运营和财务决策中扮演着至关重要的角色，其主要应用场景包括： 1. **企业合并（购买性质）：** * 例如：葛兰素史克 (Glaxo) + 史克必成 (SmithKline Beecham) = 葛兰素史克必成 (GSK) * 安赛乐 (Arcelor) + 米塔尔钢铁 (Mittal Steel) = 安赛乐米塔尔 (Arcelor Mittal) * 布鲁克邦德 (Brooke Bond Ltd) + 立顿 (Lipton Ltd) = 布鲁克邦德印度 (Brooke Bond India Ltd) * 沃达丰 (Vodafone Ltd) + Idea Ltd = 沃达丰Idea (Vodafone Idea Ltd) * IDFC银行 (IDFC bank) + Capital First = IDFC第一银行 (IDFC First Bank Ltd) * 大众汽车印度私人有限公司 (Fox wagon India Pvt Ltd) + 大众汽车集团销售印度私人有限公司 (Fox wagon group sales India Pvt Ltd) + 斯柯达汽车印度 (Skoda auto India) = 斯柯达大众汽车印度有限公司 (Skoda auto fox wagon India Pvt Ltd) 2. **公司内部重组** 3. **股份转换** 4. **私营公司股票估值** 5. **赠与股份的转移** 6. **以股票为抵押品进行贷款** 7. **确定财富税** 8. **公司国有化** 9. **公司吸收合并：** * 例如： * 印度斯坦联合利华 (Hindustan Unilever Ltd) - Kwality Foods Ltd * 捷特航空 (Jet Airways) - Sahara Airlines * Hutch - Essar * Vodafone - Hutch * Mahindra - Satyam Computers * Microsoft - Skype * Google - Youtube * Google - Motorola **股票估值方法：** 课程将探讨多种股票估值方法： 1. **资产估值法：** * (a) **通过资产估值法对优先股进行估值：** 考虑总资产和外部负债；面值与实缴资本差异；面值相同但实缴资本不同。 * **对普通股的资产估值法** * **优先股估值的规则** 2. **收益估值法：** * **收益估值法或股息收益率法** * (a) **通过股息率法估值：** 涉及普通股和优先股的估值。 * (b) **通过每股收益率法估值** 3. **公允价值法：** * **公允价值法或平均法** 4. **每股收益（EPS）估值法**
Introduction of Valuation of SharesNeed or Purposes of valuation of shares:1. On Amalgamation in nature of purchaseExamples of Amalgamation Glaxo + SmithKline Beecham = GSB Arcelor Ltd + Mittal steel Ltd = Arcelor Mittal Ltd. Brooke bond Ltd + Lipton Ltd = Brooke bond India Ltd. Vodafone Ltd + Idea Ltd = Vodafone idea Ltd IDFC bank + Capital first = IDFC first bank Ltd Fox wagon India Pvt Ltd + Fox wagon group sales India Pvt Ltd + Skoda auto India = Skoda auto fox wagon India Pvt Ltd2. On the Internal reconstruction of the company3. On conversion of shares4. Shares of private companies5. Transfer of shares as gift6.For taking loan on share's security7. For determination of wealth tax8. Nationalization of companies9. On Absorption of a companyExamples of Absorption / Merger 1) Hindustan Unilever Ltd - kwality foods Ltd 2) Jet airways - Sahara airlines 3) Hutch - Essar 4) Vodafone - Hutch 5) Mahindra - Satyam computers 6) Microsoft - Skype 7) Google - Youtube 8) Google - MotorolaMethods of Valuation of Shares(1) Assets valuation method:- (a) Valuation of share by Assets valuation method (For ESC): Total Assets and External Liabilities Face value different and paid up value differentFace value same but paid up value differentAssets valuation method (For PSC)Rules for valuation of preference share(2) Income valuation method Income valuation method or Dividend yield method2 (a) Valuation of Share by Rate of Dividend Method: Valuation of equity share, Valuation of Preference share2 (b) Valuation of share by Rate of Earning Method(3) Fair valuation method Fair valuation method or Average method(4) Earning per share method
