怎样选股? (7) 你的生意好赚么?


我们投资做生意都想知道是否赚钱?好赚么?当我说好赚时,便带出我们方程式中的,

利益率 > 10 Profitability Ratio > 10

利益率 = 净利润/总收入 Profitability Ratio = Net Profit / Revenue

我先回到我们合伙的香蕉档,我们以 RM3,000 为成本,经营了一个月净赚RM1,000, 销售额为 RM 2,000。

RM 1,000 / RM 2000 = 0.50 * 100% = 50%

哗!五十巴利益率,卖香蕉,好好赚。 :mrgreen: OOPS! 还有些费用没算啦。

现在来算算海鸥集团好赚么? 看参考下图:

 
RM 49,117,955 / RM 373,822,575 = 0.13 * 100% = 13%

很不错的利益率,许多上市公司都低於10%,我们方程式 利益率 > 10,便表示要找利益率大於10%。

从这个利率我们得知这个行业的赚幅,若有同样一个行业或竞争对手,我们比较一下利益率,也可知管理层是否有效率控制化费,例如薪金、交通费等等。

这里我们也看到每股收益 EPS 60.28= RM 0.60,注意这是仙 SEN,初学者常把第当成 RM 60.28,若是,那就发达了。 :lol: 这是2008整年的数据,回顾我们合伙的一个月 香蕉档每股收益 EPS = RM 0.33。 每股收益EPS是个重要的数据,日后将用於计算ROE。(股本回报率=每股收益/有形资产净值 Return on Equity ROE = EPS/NTA)

注:将来我会写深入分析,目前只考虑实用的,投资一切以简为最实用,越深入往往是研究学问用的。

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6 Responses

  1. 哈罗!这就是说我们一定要找上市公司利益率大於10%对吗?如果我投资5年后利益率下到7%那是不是要卖掉所有的股票。初学者问题多多不好意思啊!谢谢

  2. 当然不是,这是我们选股其中的一个条件,请看http://klseblog.com/?p=212 这只占我们的条件中的10%。

  3. [...] 我也修改了怎样选股? (7) 你的生意好赚么? 的图表,以让你比较容易明白。 [...]

  4. [...] 怎样选股? (7) 你的生意好赚么? [...]

  5. 小旺子,

    请问, 在INCOME STAMENT 的DILUTED 是EPS RM60.28=RM0.60, 拿请问IGB在DILUTED 放na*, 是什么意思?

    *Computation of diluted earnings per share is not applicable as there are no outstanding shares to be issued

    不是很了解以上是说什么?

  6. Kindly refer to http://www.investopedia.com

    What Does Diluted Earnings Per Share – Diluted EPS Mean?

    A performance metric used to gauge the quality of a company’s earnings per share (EPS) if all convertible securities were exercised. Convertible securities refers to all outstanding convertible preferred shares, convertible debentures, stock options (primarily employee based) and warrants. Unless the company has no additional potential shares outstanding (a relatively rare circumstance) the diluted EPS will always be lower than the simple EPS.

    Investopedia explains Diluted Earnings Per Share – Diluted EPS

    Remember that earnings per share is calculated by dividing the company’s profit by the number of shares outstanding. Warrants, stock options, convertible preferred shares, etc. all serve to increasing the number of shares outstanding. As a shareholder, this is a bad thing. If the denominator in the equation (shares outstanding) is larger, the earnings per share is reduced (the same profit figure is used in the numerator).

    This is a conservative metric because it indicates somewhat of a worst-case scenario. On one hand, everyone holding options, warrants, convertible preferred shares, etc. is unlikely convert their shares all at once. At the same time, if things go well, there is a good chance that all options and convertibles will be converted into common stock. A big difference in a company’s EPS and diluted EPS can indicate high potential dilution for the company’s shares, an attribute almost unanimously ostracized by analysts and investors alike.

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