Elinye lamagama asetyenziswa kakhulu kwimarike yemasheya kodwa ayingabo bonke abatyali mali abancinci nabaphakathi abaziyo ukuba yi-PER. Ewe, ezi zizichwethezi zento eyiyo Ixabiso / umyinge womvuzo isabelo ngasinye. Kwaye kuthatha isigqibo sokuqinisekisa ukuba iintshukumo zokhuseleko oluthile zibiza kakhulu okanye zibiza ixabiso eliphantsi kwaye ngenxa yoko zisesikweni ezilungileyo ukusebenza kwiimarike zezemali. Ayothusi into yokuba sesinye sezicwangciso zotyalo-mali ezisetyenziswa kakhulu ngabasebenzisi abanamava ngakumbi kwiimarike zezabelo. Kuba ukusukela ngoku awuzukukwazi ukulibala ukuba i-PER yenye yezona zinto zibaluleke kakhulu kwimarike yemasheya.
Le parameter yentengiso yesitokhwe ibonisa ngokusisiseko ukuba ihlawulwa kangaphi inzuzo yenkampani xa kuthengwa ukhuseleko kuyo. Apho intengo ephezulu ihlawulwe kwizabelo, amandla okuxabisa ancipha kakhulu. Nangona kunjalo, kubalulekile ukuba wazi ezinye iinyani ezinokuchaphazela ixabiso / umvuzo ngesabelo ngasinye. Okanye yintoni efanayo kwi-PER kwaye yile ukulungiswa oye wafumana isalathiso esikhethiweyo sokulingana kweSpain, i-Ibex 35, kwiinyanga ezidlulileyo zonyaka ka-2017 kuvelise ukuba amaxabiso amaninzi atshiphu kulo mbono.
Ukuba oku kuyenzeka, elinye lamaqhinga onokulisebenzisa ukusukela ngoku kukukhetha ukuthenga ngokusekwe kule nto ibalulekileyo. Ngokuqinisekileyo iya kuba nakho ukukunceda wenze imisebenzi oyivulayo phantsi kwale nkqubo yekhontrakthi ibe yinzuzo. Ngokusisiseko kuba uya kuba nomda omkhulu kwizibonelelo onokuthi uzenze ukusuka kuloo mzuzu kanye. Ngaphaya kobunye ubuchwephesha kunye nokuqwalaselwa kwesiseko sexabiso esikhethiweyo. Ke ngoko unokufumana amathuba amakhulu oshishino ukuba usebenzisa i-PER njengendawo ekubhekiswa kuyo ukutyala imali kwimarike yemasheya. Nokuba kukwiimarike zesizwe okanye ngaphandle kwemida yethu.
I-PER: yintoni uhlobo lwayo?
I-PER ngumlinganiso owomeleleyo osetyenziswa kuhlalutyo olusisiseko lweenkampani ezidweliswe kwiimarike zezabelo. Ukuya kwinqanaba lokuba le parameter ikhethekileyo inokusetyenziselwa ukuthenga, ukuthengisa okanye nokubamba isikhundla. Ivelisa ethile ubuchule kunye nokuthembeka ekusebenzeni kuba isekwe kwidatha enxibelelene kakhulu nexabiso lezabelo. Into ongazukukwazi ukuyenza ngamanani anikezelweyo kuhlalutyo lobuchwephesha. Kodwa ukubaluleka kwayo kudlulela ngaphaya kwezi ngcaciso malunga nenyaniso yeenkampani ezikhoyo kwimarike yemasheya.
Ukusuka kule meko ngokubanzi, kufuneka ulumke ungangeni kwimpazamo engaqhelekanga okanye kumgibe onokuthi wenze ukuba ulahlekelwe yimali kuyo nayiphi na imisebenzi eyenziweyo phantsi kwesi sicwangciso sotyalo mali. Ngayiphi na imeko, ukuba ufuna ukwazi ukuba yintoni ubalo lwe-PER, awuyi kuba neengxaki ezininzi zokufumanisa. Kuya kufuneka wahlule kuphela ukwenza imali ngenkuselo ekuthethwa ngayo ngenzuzo yayo iyonke. I-PER = I-capitalisation yeNtengiso / iNzuzo yeNzala. Ukusuka apha uyakufumanisa oko ayingawo onke amaxabiso yee-equity zine-PER efanayo. Hayi kangako.
Izibonelelo ze-PER
Olona ncedo luphambili lwe-PER kukuba kukunceda uvavanye amaxabiso enkampani, ngaphaya kwezinye izinto eziqwalaselwayo. Iya kuba sisiqwenga solwazi ngakumbi kunesiseko sokuchaneka ukuxabisa okanye ukuxabisa kakhulu. Ngale ndlela, unokwenza isigqibo ngokungqinelana ngakumbi kwiimarike zezemali ezifunekayo. Kwelinye icala, ungayibala ngokukhawuleza kwaye ungagqiba ekubeni ikulungele na nangaliphi na ixesha ukuthenga izabelo zayo. Nangona inokusetyenziselwa ukuphuma kwiimarike ngokusekwe kule parameter sithetha ngayo kweli nqaku.
Olunye uncedo lwayo olufanelekileyo kukuba ikuvumela ukuba wenze uthelekiso oluchanekileyo phakathi kwamaxabiso ahlukeneyo onawo kwiradar ukwenza imisebenzi. Ukuya kuthi ga kwinqanaba lokuba iyakuthi leliphi elona xabiso linamaxabiso asekwe kolu tshintsho. Ngale ndlela, ziluncedo kakhulu ekubeni zithathele ingqalelo izilungiso ezenzeka kwimarike yemasheya. Umzekelo, enye eveliswe kumvuzo oguqukayo welizwe njengesiphumo sengxaki yezopolitiko ekhuthazwe eCatalonia. Kwaye yintoni echaphazele Ibex 35 ngokuhla kwamaxabiso ezona nkampani zichaphazelekayo.
Amaxabiso asemagqabini wentengiso yesizwe
Ukuthatha ingqalelo kwi-PER, kukho uthotho lokhuseleko oluthengisa ngamaxabiso anomtsalane ngakumbi ukuthenga. Ukusuka kolu hlalutyo, IAG, Repsol kunye ArcelorMittal Ezinye zezi zindululo kufuneka uvule izikhundla kwimarike yemasheya. Njengoko uza kubona, i-PER ayinanto yakwenza nexabiso eliphezulu kakhulu okanye eliphantsi kakhulu. Bahluke ngokupheleleyo kwiiparameter ukusuka kwindawo yokujonga uhlalutyo lwakho.
Awunakulibala nangayiphi na indlela iinkampani ze-Ibex 35 ezinazo intsingiselo ye-PER yamaxesha ali-14, ngaphantsi kokuphakama kwayo kunye nomyinge weminyaka engama-30. Nangona kunjalo, umyinge wexabiso / wenzuzo ngesabelo ngasinye ayisoloko ifana, njengoko abanye abatyali mali bekholelwa. Endaweni yokuba ixhomekeke kwimarike yemasheya kunye nokuvela kwenkampani ngokwayo. Ukuya kwinqanaba lokuba inokwahluka amaxesha ngamaxesha kunyaka wonke. Nangona ngesiqhelo iphantsi kwemida engekho phezulu kakhulu. Kuya kufuneka uyokuzihlalutya ngokweenkcukacha ezinkulu ukuze ube nedatha engaphezulu yokwenza isigqibo sokugqibela kwiimarike zezemali.
Ukungancedi kwesi sicwangciso
Ngokuchasene noko, ayizizo zonke izibonelelo kolu hlobo lohlalutyo. Ukuba akukhange kubenjalo, kuthwala izithintelo ezithile ekufuneka uyazi ukusukela ngoku. Enye yezona ziphambili ilele kwinto yokuba ayisiyo nkqubo eluncedo kakhulu kwiinkampani ezidwelisiweyo ezibizwa ngokuba zii cyclicals. Isizathu sabo sisekwe kwinto yokuba inkampani inokuba ne-PER in Umjikelo weshishini phezulu kwaye jonga ngexabiso eliphantsi. Kodwa ukuba umjikelo wezoqoqosho utshintsha, kunokuba ngokuchaseneyo. Oko kukuthi, kuyabiza ngokwenene ngenxa yokuhla kwemisebenzi yezoqoqosho. Kuba inokukhokelela ekunciphiseni inzuzo yakho kwisithuba esifutshane sexesha.
Kwelinye icala, akufuneki silibale ukuba ukwenziwa kobalo ngumsebenzi ekunokwenzeka ukuba ngaphandle kwamathandabuzo umonakalo kumaxabiso awo okwenyani. Ngaphezulu kwayo nantoni na, akufuneki uthenge izabelo ngokusekwe kwi-PER kuphela. Kodwa ngokuchaseneyo, kuya kufuneka usekele kwezinye izinto ukuze uthenge kwiimarike zezemali. Nokuba zeziphi na ezi. Ukongeza, kulula kakhulu ukuyidibanisa nohlalutyo lwezezimali ukufumana iziphumo ezinqwenelekayo. Hayi ngokudibeneyo kuba isigqibo sakho sinokuba neziphumo ezingafunekiyo ekusebenzeni kwakho kwimarike yemasheya.
Uyisebenzisa kanjani le parameter?
Nangona kunjalo, ixabiso / umvuzo ngesabelo ngasinye awubonakalisi kuphela imeko yokhuseleko lwezabelo. Endaweni yoko, iziphumo zalo kuhlalutyo zinwenwela kwezinye izinto ezixabisekileyo kwiimarike zezemali. Umzekelo, i-avareji ye-PER yentengiso, yecandelo elithile okanye i-avareji yembali ye-PER yesitokhwe. Njengoko uza kubona, ukusetyenziswa kwayo kubhetyebhetye ngakumbi kunokuba ucinga kwasekuqaleni. Ngale nto, kuya kubaluleka ukwazi ukuba loluphi ulwazi ofuna ukulifumana kule parameter yeshishini. Iya kuba mbalwa kancinci kunomsebenzi onyanzelekileyo ukusukela ngoku.
Okokugqibela, kubaluleke kakhulu ukuba uthathele ingqalelo umthetho wegolide wokwenza imisebenzi kwimarike yemasheya. Ngokomgaqo, isitokhwe esithengisa nge PER phantsizithathwa njengexabiso eliphantsi, ngelixa isitokhwe sine NGOKUPHAKAMILEYO zihlala zithathwa njengezibizayo. Le yinto uninzi lwabatyali zimali abancinci nabaphakathi bayithathela ingqalelo phambi kokuba benze imisebenzi yabo kwiimarike ezahlukeneyo zemali. Nangona kunokuhlala kukho ukoyikeka ngamanye amaxesha ngenxa yeengxaki zokusebenzisa esi sicwangciso sotyalo mali, njengoko besesikucacisile ngaphambili.
Uza kuba njani lo nyaka kutyalo-mali lwakho?
Kwelinye icala, kwaye kuxhomekeke kwiziphumo zeshishini, kunokubakho umahluko othile kuqikelelo lwe-PER. Kungenxa yokuba ngenene, ukuba inzuzo elindelekileyo yenkampani inyuka i-PER izakuhla. Kodwa ngokuchaseneyo, ukuba umngcipheko wenkampani uyanda, i-PER iya kunyuka. Le yinto eya kuba luncedo kakhulu ekuvuleni izikhundla kwimarike yemasheya nanini na enyakeni. Kungenxa yokuba ikwayinkqubo elula kakhulu ukuba uyisebenzise xa sele udibanise iikhonsepthi apho umlinganiso wexabiso kunye nomvuzo usabelo ngasinye sihamba khona.
Ukuya kwinqanaba lokuba inokusetyenziselwa ukukhetha ixabiso ngaphezu kwabanye, kodwa oko kubonisa ukuba lukhetho olunamaxabiso aphantsi. Akumangalisi ukuba iyakuthetha ukuba inohambo oluphakama kakhulu kunezinye izindululo kwizabelo. Ungayisebenzisa ukwenza iiasethi zakho zobuqu zibe nenzuzo ukusukela ngoku. Nangona ngothintelo olusengqiqweni kwezi meko. Kungenxa yokuba ayisiyiyo indlela yokungaphumeleli, kude nayo. Kuba inezinye iisheythi ekufuneka uzithathele ingqalelo.