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Churning · 2020年01月11日

问一道题:NO.PZ2016012102000173

问题如下:

Which of the following statements is most correct?

选项:

A.

A firm has high dividend payout ratio identify its stocks with high earnings growth rates.

B.

A firm has low price to cash flow per share ratio identify its stocks with high earnings growth rates.

C.

A firm's book value to market value ratio is low that identify its stocks with high earnings growth rates.

解释:

C is correct.

A high growth rate firm's equity will tend to have higher market values than book value.

option A: High dividend payout ratios means companys are mature and do not have a lot of opportunities for growth.

option B: Low price to cash flow ratios ususally indicate value stocks rather than growth stocks.

老师能解释下AB是什么意思吗

1 个答案

Olive_品职助教 · 2020年01月12日

嗨,从没放弃的小努力你好:


A:高股利支付率的公司说明其盈利增长率较高。这个说法不对,因为高股利支付率的公司把赚到的钱大部分都分给股东了,自己留下的很少,说明公司好的投资机会不多,一般这种公司的增长潜力都不大了,所以盈利增长率会较低。

B:低P/CF比率的公司说明其盈利增长率较高。低P/CF比率说明CF高、P低,一般成熟型的公司会表现出这个特征,现金流会很充足。成熟型的公司earning growth rate会比较低,所以选项B说法也不对。

 


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2021-10-09 00:18 2 · 回答

老师 高的分红支付率也是因为高的收入增长率导致的 为什么不能选A 实际这是考察的是一种综合的报表解读能力吗?而不是某个特定的知识点?

2020-01-30 16:14 1 · 回答