袁同学2019-01-26 00:21:30
Bruno Santos is an equity analyst with a regional investment bank. Santos reviews the growth prospects and quality of earnings for Phoneutria Enterprises, one of the companies he follows. He has developed a stock valuation model for this firm based on its forecasted fundamentals. His revenue growth rate estimate is less than that implied by the market price. 老师 这道题目的第一题是问如果用这个预测的收入增长率得到的值是偏高还是偏低。我觉得是偏低呢。但是答案是偏高。为什么?
查看试题回答(1)
金程教育Alfred2019-01-26 09:20:29
同学你好,这题的意思是他估计的增长率要低于根据股价得出的增长率,因此他估计出的内在价值要小于现在的股价,说明现在股价是被高估了
- 评论(0)
- 追问(2)
- 追问
-
我不太明白这个逻辑。分析师估计出的价值更保守,那么这种类型的题是以分析师的估值作为benchmark 么?市价高于估计值是高估低于估计值就是低估么?
- 追答
-
我们判断高估还是低估都是指市场上的股价是高了还是低了,简单的说就是如果intrinsic value>market price,就是低估。如果intrinsic value<market price,就是高估


评论
0/1000
追答
0/1000
+上传图片