可口可乐公司股票估价PPT学习教案

1、会计学1 可口可乐公司股票估价可口可乐公司股票估价 第1页/共18页 第2页/共18页 和很高的市盈率，和很高的市盈率，价值线价值线 预测在未来预测在未来3到到5年内只会微涨。年内只会微涨。 第3页/共18页 项目项目1992199219931993199419941995199519961996 每股帐面值每股帐面值1.491.491.771.772.052.052.152.152.482.48 税前每股收益税前每股收益0.710.710.840.840.990.991.191.191.41.4 税后每股收益税后每股收益0.630.630.840.840.990.991.191.191.41

2、.4 每股现金流每股现金流0.850.850.960.961.231.231.231.231.391.39 用于计算每股收益的平均股数用于计算每股收益的平均股数2633.52633.526042604258025802524252424942494 流动资产流动资产4247.74247.744344434520552055450545059105910 固定资产净值固定资产净值3526.33526.337293729408040804336433635503550 资产总额资产总额11051.911051.91202112021138731387315041150411616116161 流动

3、负债流动负债5303.25303.251715171617761777348734874067406 负债总额负债总额7163.57163.57437743786388638964996491000510005 股东权益股东权益3888.43888.445844584533553355392539261566156 净销售额净销售额13073.913073.91395713957161811618118018180181854618546 税前收入税前收入3092309234623462412741274546454643944394 利息支出利息支出171.4171.416816819919

4、9272272286286 净收益净收益( (损失损失) )1664.41664.421762176255425542986298634923492 第4页/共18页 第5页/共18页 第6页/共18页 第7页/共18页 年份年份每股收益每股收益每股分红每股分红收益年增长率收益年增长率分红年增长率分红年增长率分红占收益比例分红占收益比例 198119810.150.150.10.1n/an/an/an/a66.766.7 198219820.160.160.10.16.76.70 062.562.5 198319830.170.170.110.116.36.3101064.764.7 1984

5、19840.20.20.120.1217.717.79.19.16060 198519850.220.220.120.1210100 054.654.6 198619860.260.260.130.1320208.38.35050 198719870.30.30.140.1415.415.47.77.746.746.7 198819880.360.360.150.1520207.17.141.741.7 198919890.420.420.170.1716.716.713.313.340.540.5 199019900.510.510.20.221.421.417.717.739.239.2

6、199119910.610.610.240.2419.619.6202039.339.3 199219920.720.720.280.28181816.716.738.938.9 199319930.840.840.340.3416.716.721.421.440.540.5 199419940.990.990.390.3917.917.914.714.739.439.4 199519951.191.190.440.4420.220.212.812.83737 199619961.41.40.50.517.717.713.613.635.735.7 19971997估计值估计值1.71.70.

7、560.5621.421.41212 19981998估计值估计值1.951.950.620.6214.714.710.710.7 1981-961981-96均值均值151510.610.647.347.3 1986-961986-96均值均值18.318.314.414.440.840.8 1991-961991-96均值均值18.118.115.815.838.538.5 预测预测:5:5年年15.515.51212n/an/a 资料来源资料来源:Value Line:Value Line第8页/共18页 第9页/共18页 第10页/共18页 第11页/共18页 第12页/共18页 年份

8、年份CokeCokePepsiPepsiCottCottCadburyCadbury 饮料类公司饮料类公司标准普尔标准普尔500500指数指数 1996199632.832.826.526.516.716.722.922.930.230.219.219.2 1995199526.826.818.518.5363621.421.423.723.716.916.9 1994199422.522.515.915.942.542.517.117.119.819.819.919.9 1993199325.125.1202054.354.320.320.323.223.223.423.4 19921992

9、28.728.722.822.836.136.127.327.325.725.724.824.8 1991199124.424.420.420.414.914.915.315.347.447.417.117.1 1990199020.420.417.817.88.88.816.316.315.215.215.215.2 1989198917.817.815.715.732.532.516.116.115.115.113.313.3 1988198813.913.912.612.6n/an/a12.612.612.512.51414 19871987181815.515.524.124.1101015.915.919.319.3 1986198617.317.316.316.3n/an/a10.310.315.215.21616 1985198513.613.612.612.6n/an/a20.520.5n/an/an/an/a 1984198412.212.211.811.8n/an/a11.411.4n/an/an/an/a 1983198312.612.611.911.9n/an/an/an/an/