Common Stock Equivalents, Earnings per Share, and Stock Valuation

1986 ◽  
Vol 1 (1) ◽  
pp. 62-70 ◽  
Author(s):  
Harold Bierman
Keyword(s):  
Common Stock ◽  
Stock Valuation ◽  
Earnings Per Share

scholarly journals PENGARUH FAKTOR FUNDAMENTAL TERHADAP PENILAIAN SAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

2017 ◽  
Vol 4 (2) ◽  
pp. 78
Author(s):  
Muthia Harnida
Keyword(s):  
Firm Size ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Present Value ◽  
Return On Assets ◽  
Stock Valuation ◽  
Financial Report ◽  
Fundamental Factor ◽  
Earnings Per Share ◽  
Price Earnings Ratio

The approaches of stock valuation can be used by the investor using  the approaches of present value and price earnings ratio. This research is to investigate the effect of fundamental analysis on the stock valuation using the approach of price earnings ratio. The fundamental factor uses some variables such as dividend yield, return on assets, leverage, firm size and growth of earnings per share. The sample is manufacturing companies listed in Indonesian Stock exchange for the period of financial report of 2013 until 2015.            The result indicates that statistically dividend yields, leverage, firm size, and return on assets have significant effect on the stock valuation of price earnings ratio, but  growth of earnings  per share does not affect the stock valuation.

A Simplified Common Stock Valuation Model

1984 ◽  
Vol 40 (5) ◽  
pp. 49-56 ◽  
Author(s):  
Russell J. Fuller ◽  
Chi-Cheng Hsia
Keyword(s):  
Common Stock ◽  
Stock Valuation ◽  
Valuation Model

Approaches to Common Stock Valuation

2011 ◽  
pp. 271-286
Author(s):  
Pamela P. Drake ◽  
Frank J. Fabozzi ◽  
Glen A. Larsen
Keyword(s):  
Common Stock ◽  
Stock Valuation

A Computer Program for Common Stock Valuation

1968 ◽  
Vol 24 (4) ◽  
pp. 107-111
Author(s):  
David K. Eiteman
Keyword(s):  
Computer Program ◽  
Common Stock ◽  
Stock Valuation

scholarly journals A Case Study Of Share Repurchases: Value Creation Or Financial Engineering

2016 ◽  
Vol 12 (3) ◽  
pp. 119-124
Author(s):  
Susan L. Wright
Keyword(s):  
Interest Rates ◽  
Financial Management ◽  
Financial Engineering ◽  
Global Economy ◽  
Extended Period ◽  
Net Income ◽  
Stock Valuation ◽  
Earnings Per Share ◽  
World Information ◽  
The Impact

As growth rates in the global economy have slowed, the use of financial engineering as a tool for managing earnings per share (EPS) has grown. Stock repurchasing is frequently used to increase earnings per share and perceived value. Leverage recapitalizations fund major repurchasing programs as firms take advantage of historically low interest rates. This case requires students to analyze the impact of repurchases on EPS and to also reflect on future growth prospects when payout amounts exceed net income over an extended period of time. It allows students to critically examine the inputs for valuing stocks using the total payout model.  The case is constructed using real world information extracted from 10K reports and from recent company announcements. It can be used at the undergraduate (400) or graduate level. It is most suitable for Corporate Financial Management or Corporate Finance courses. The basics of financial statement analysis, time value of money, stock valuation, capital structure and payout practices are necessary to successfully navigate the case.

scholarly journals SEO valuation and insider manipulation of R&D

2016 ◽  
Vol 13 (2) ◽  
pp. 267-278
Author(s):  
Robert M. Hull ◽  
Sungkyu Kwak ◽  
Rosemary L. Walker
Keyword(s):  
Common Stock ◽  
Price Setting ◽  
Stock Valuation ◽  
Insider Ownership ◽  
Long Run ◽  
Setting Process ◽  
Short Run

We examine a sample of 674 SEOs from 1999-2010 where reduced R&D spending is significantly associated with the lowering of insider ownership proportions. With this association established, we derive an R&D manipulation variable measuring underinvestment in R&D. We add to the SEO-R&D literature by examining the relation between R&D underinvestment and common stock valuation around SEOs. In contrast to the IPO research, we do not find that underinvestment in R&D leads to greater SEO stock valuations during the offer price setting process. Like the IPO research, we find that underinvestment in R&D leads to lower stock valuations for short-run post-offering tests. In contrast to the long-run IPO results, we find a significant association between R&D manipulation and stock valuation for long-run post-offering tests where underinvestment in R&D is associated with lower stock valuations. We also find the five % owner group for SEOs is important in explaining R&D manipulation and discover that underpricing for SEOs is not related to R&D manipulation. These latter two findings are different from IPOs. In conclusion, SEOs can be quite different from IPOs when examining the association between the insider manipulation of R&D and stock valuation

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