ANALISIS EKUITAS: COMPANY ANALYSIS Pertemuan 11 -mupo- Mata kuliah: F Pengantar Analisis Pendapatan Tetap Dan Ekuitas Tahun: 2010
Bina Nusantara University 3 ANALISIS EKUITAS: COMPANY ANALYSIS Materi : Materi : 1. Review : COMPANY ANALYSIS 2. Kasus : mengenai COMPANY ANALYSIS
1.COMPANY ANALYSIS 1.1 Financial Statements 1.1 Financial Statements Balance Sheet Balance Sheet Common SizedCommon Sized Trend or IndexedTrend or Indexed Income Statement Income Statement Common SizedCommon Sized Trend or IndexedTrend or Indexed Statement of Cash Flows Statement of Cash Flows
Consolidated Statement of Income for Hewlett- Packard, 2005
Consolidated Balance Sheet for Hewlett-Packard, 2005
Statement of Cash Flows for Hewlett-Packard, 2005
1.2 Profitability Measures 1.2 Profitability Measures ROE: measures the profitability for ROE: measures the profitability for contributors of equity capital contributors of equity capital ROA: measures the profitability for all ROA: measures the profitability for all contributors of capital contributors of capital Leverage has a significant effect on Leverage has a significant effect on profitability measures profitability measures
Nodett’s Profitability over the Business Cycle
Impact of Financial Leverage on ROE
Summary of Key Financial Ratios
Summary of Key Financial Ratios (cont’)
Kasus: Preferred Stock, 8%, $100 Par $ 40,000 Common Stock, $10 par, 20,000 Shares Issued and Outstanding 200,000 Paid-In Capital in Excess of Par 160,000 Retained Earnings 170,000 Operating income $120,000 Interest expense 30,000 Earnings before tax $ 90,000 Tax 40,000 Net income$ 50,000 Columbia Inc. reported the following financial data in its December 31, 2006 report to shareholders. In 2007, the firm reported the following (presented in partial form).
1st Quarter$0.28 2nd Quarter rd Quarter th Quarter 0.15 a.Earnings per share b.Dividends per share based on ending shares c.The degree of financial leverage d.Percentage of earnings retained e.Dividend payout f.Dividend yield g.Price/Earnings ratio h.Book value per share On July 15, 2007, the common stock was split 2 for 1. The common stock dividends were declared and paid as follows. The year-end market price for 2007 was $ Required: For 2007, compute: