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aileen20180623 · 2024年03月20日

您好

  1. CFA II
  2. FRA

* 问题详情，请 查看题干

NO.PZ202401310100000307

问题如下：

An analyst is building a financial statement model for SKI and projects share-based compensation expense to be 10% of revenues next fiscal year. Based on the following assumptions, the analyst’s estimated basic share count for SKI will increase by how many shares next fiscal year?

Revenues FY2025E = SGD 506 million

Weighted-average grant-date fair value per share of vesting RSUs = SGD 46.36

Forfeitures= 0 shares (the analyst’s share-based compensation expense is net of forfeitures).

选项：

A.

1.1 million

B.

1.3 million

C.

10.9 million

解释：

A is correct. Share-based compensation expense is estimated to be SGD 506

million x 0.10 = SGD 50.6 million. The expense is recognized upon vesting

(which for RSUs is coincident with settlement). The number of shares issued and therefore increasing basic shares outstanding is SGD 50.6 million / SGD 46.36 = 1.1 million shares.

您好，这题我没明白。为啥还用上了除法

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1 个答案

王园圆_品职助教 · 2024年03月20日

同学你好，不用除法怎么计算股份数呢？

因为RSU是每vest一笔就自动settle一笔的

而每次vest的时候，也会同时确认一笔share-based compensation expense

题目已知预计2025年的总revenue，又说了share-based compensation expense是占revenue的10%

那就可以预测2025年的share-based compensation expense是多少，再除以这些RSU的当时granted date的价格，就能计算2025年settle的时候的RSU的总股数了哦

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NO.PZ202401310100000307 问题如下 analyst is builng a financistatement mol for SKI anprojects share-basecompensation expense to 10% of revenues next fiscyear. Baseon the following assumptions, the analyst’s estimatebasic share count for SKI will increase how many shares next fiscyear?Revenues FY2025E = SG506 millionWeighteaverage grant-te fair value per share of vesting RSUs = SG46.36Forfeitures= 0 shares (the analyst’s share-basecompensation expense is net of forfeitures). A.1.1 million B.1.3 million C.10.9 million A is correct. Share-basecompensation expense is estimateto SG506million x 0.10 = SG50.6 million. The expense is recognizeupon vesting(whifor RSUs is coincint with settlement). The number of shares issueantherefore increasing basic shares outstanng is SG50.6 million / SG46.36 = 1.1 million shares. 这道题是不是问如果计划2015年要给用在compensation的钱是Rev的10%， 也就是50.6M,题目问这些钱可以发多少RSUs? 然后因为RSUs的是用grant te fair value做，所以无论多少forfeit, 能发出去的RSU都是50.6/46.36谢谢

2024-08-17 23:46 2 · 回答