˼ ߽ϴ. ߸ ū ̰ ϴ.
˼ ؿ 2008 ʹ Ƽ 2007 Ѵٰ ϰ ߽ϴ.
Ұ̴ϴ
Դٰ ϴ 繫 5 eps bps 10% ̻̰ roic 10 ̻ Ⱓ ߱ ڰ ִ ̶ ˴ϴ.
ù쨰 밡ġ غ ϰڽϴ.
roe? |
2009 |
2010 |
2011 |
2012 |
2013 |
12% |
47570 |
53279 |
59672 |
66833 |
74853 |
PER? |
2009 |
2010 |
2011 |
2012 |
2013 |
10 |
396419 |
443989 |
497268 |
556940 |
623773 |
PBR |
|||||
1.2 |
켱 roe 12 Ѵٰ ߽ϴ. 5 per 10 ߽ϴ.
̶ ڱں 12 Ҽ ִٰ ߽ϴ.pbr δ 1.2 ߽ϴ
5ֽİ= |
748527.57 |
5ֽİPBR= |
748527.6 |
ŵ6%= |
592903.94 |
ŵ6%= |
592903.9 |
15% PER |
427973.06 |
15%PBR= |
427973.1 |
24% PER |
316607.4 |
24%PBR= |
316607.4 |
ٸ 5 per ŵ ؼ ŷ 59 ŵ ŷ ̹Ƿ 15% 42 ϶ ż ̶ ֽϴ.
ŷ ̰ ڱں ڰ ϴ 15 ʰ 12 鼭 ְ ö Ȳ ȭȴٰ Ѵ 12 ڱں ɷ ִٰ ϰ ֽϴ.
Ͻ ġ |
ְ*5 /5Ⱓִ հ | |||||
ְ? |
5Ⱓִ հ | |||||
35000 |
302206.7 |
|||||
ְ*5 |
PER |
|||||
175000 |
0.579074 |
|||||
Ͻĸż1 |
302206.7 | |||||
ô ż2 |
604413.5 |
Ͻ roe 12 ż 30 ٸ ûѰ
帧 ġ ڽϴ.
6% ϰ 帧 ߽ϴ. ( 帧ι Խ Ǵ ϴ κ Դϴ. 5 繫 Ƿ ٸ 7% ϴٰ 6% Ѵٰ ߽ϴ.)
18% Ѵٰ
μ 27% ζ ()
2008 ʹ ѰŶ 2007 ġ 6% Ѵٰ ߽ϴ.
2009 |
2010 |
2011 |
2012 |
2013 |
2014 | ||
|
235,391 |
249,514 |
264,485 |
280,354 |
297,176 |
315,006 | |
|
6% |
6% |
6% |
6% |
6% |
6% | |
|
42,370 |
44,913 |
47,607 |
50,464 |
53,492 |
56,701 | |
|
18% |
18% |
18% |
18% |
18% |
18% | |
μ |
11,440 |
12,126 |
12,854 |
13,625 |
14,443 |
15,309 | |
μ |
27% |
27% |
27% |
27% |
27% |
27% | |
Ŀ |
30930 |
32786 |
34753 |
36839 |
39049 |
41392 |
2009 |
2010 |
2011 |
2012 | ||
ں |
28,247 |
29,942 |
31,738 |
33,643 | |
ں/ |
12% |
12% |
12% |
12% | |
ڻΰ |
179715 |
180454 |
182744 |
186451 | |
|
15% |
15% |
15% |
15% | |
|
29,222 |
29,203 |
29,448 |
29,935 |
ں 12% 15 % ҽϴ
ں ̱ Ʒ غҽϴ.
ں |
2009 |
2010 |
2011 |
2012 |
2013 | |
ڻհ |
78,903 |
83,637 |
88,655 |
93,975 |
99,613 | |
äհ |
39051 |
41394 |
43878 |
46511 |
49301 | |
ں |
39,852 |
42,243 |
44,777 |
47,464 |
50,312 | |
ں |
- 92,395 |
2,391 |
2,535 |
2,687 |
2,848 |
ݿ 12% Ӽ 5% ϴ. Ϻ 12% ϴ.
ڻ ġ ο ϰ ä ġ 뺴ֱ ؼ ο ߽ϴ.
15% ýϴ.
2009 |
2010 |
2011 |
2012 |
2013 | ||
10簡ġ |
346,073 |
332462 |
320621 |
310183 |
300869 | |
Ӱġ 簡ġ |
154085 |
161790 |
169879 |
178373 |
187292 | |
ڻǰġ |
56079 |
56079 |
56079 |
56079 |
56079 | |
(аġ) |
47919 |
47919 |
47919 |
47919 |
47919 | |
äǰġ |
119192 |
119192 |
119192 |
119192 |
119192 | |
ġ |
484,965 |
479058 |
475306 |
473362 |
472967 | |
ֽļ |
0.87187 |
0.87187 |
0.87187 |
0.87187 |
0.87187 | |
ִ系簡ġ |
556,234 |
549460 |
545156 |
542926 |
542479 | |
ǥż |
310161 |
帧 15% 밡 31
帧 2007 ߽ϴ 2008 ʹ ϴ. 2008 Ѵٸ ִ 簡ġ 72 ɴϴ. 24% ż 30 15% ż 41̳ɴϴ.
ż 35 Ͽ ϰ ŵ 60 ٸ ش ŵ Ϸ մϴ.
40 Դϴ.
б ġڿȸ (̵) -躴 -
roe 15 per 12 15% ż 713545 ̹Ƿ ̰ 50% ΰ 35 ż Դϴ 帧 ι
밡ġ ŵ 713545* 90% ̹Ƿ 63 60 63 ̸ ŵ Ҹϳ
ķ ϰ ɰŶ Ѱ̴ϴ. νå̶
Ѱ̴ϴ.
մϴ. װź ΰ ְ ŷȴٸ
ż ؾ߰
ø պ Ҷ ϰ 12% ߽ϴ.
( ġ ҽ wacc ϴ ) 嵵 5% оϴ. Դٰ
ں 10 оϴ. 10 ġ տ wacc Ͽ
ڴ Ⱓ 5 繫 ߽ϴ. ( eps bps
roic 10̻) 10 ص ȴٰ ϴ. ڰ ڰ ֱ
ƹ öȲ ڱȸ ȰŶ ϴ,
γ