Exercices de valorisation de l'entreprise
The stock was trading at $19,83 per share, and there were 514,54 million shares outstanding. Time Warner Media reported a net income of $1 197 million in 2021. The EBIT in 2021 was $2 073 million and the interest expense was $663 million. The amortization and depreciation was $282 million and the capital spending was $373 million. The revenues were $12 191 million in 2021 and working capital requirement was $240 million.The growth rate projected from fundamentals was 5% from 2022 to 2026 and was expected to be 2% after 2026. Weighted average cost of capital from 2022 to 2026 is equal to 8.5% and to 9.3% after 2026; Tax rate: …afficher plus de contenu…
Le taux de croissance à long terme de ce dernier est estimé à 3,5%. Le coefficient de risque systématique de l’action est de 0,48, la prime de risque de marché est de 7% et le taux sans risque de 2%.1) Calculer la valeur du titre.2) Début décembre 2021, le titre valait 212€, Achetez-vous l’action ?Exercice