书上课后习题Related Questions: Topic Area: Equity Valuation第1问(节选)
Filo expects that the P/E will converge to the industry average in two years. Using the data in Exhibit 3, Chance estimates the forecasted annualized return for DAUV from the current market price assuming these expectations hold true.
EXHIBIT 3
SELECTED DATA FOR DAUVISION, INC. (DAUV)
Per Share Data
Current EPS$2.69
Current trailing P/E15.1
Expected EPS sustainable growth rate0.077
Dividends0
Forecasted industry average forward P/E17.4
请问,经过两年可以达到行业标准,求未来EPS时,为何要拿Current EPS$2.69乘以3次方?难道current EPS是指T-1,而T-1时刻的EPS*P/E得到的是T时刻的current price?