ؼ ߴ SHȭ ֱ .
ؼ ְ ݵŴ ǵƼ ߴ. 2008 < Ÿӽ> ġ ƹ ̾, Բ 10 ߴ.
ؼ ڽ å ؼ (Investing Against The Tide) Ģ ִ. ״ ϱ پ ̼ ǥ Ȯϸ ľϰ ߴ.
SHȭ , 밡 Ұ 1 4̴( - [밡 ] SHȭ, ؼ Ų ?).
SHȭ ְ 2015 3б 繫 ʹ. ϱ ְ ߰, 繫 ʹ 1б ġ ݿƴ.
ְ 繫 ͷ ص, SHȭ 밡 ؼ ߴ. SHȭ 1 Ұ 1400~1500 ̿ ַ ŷǴ, 2 7% ö 1500 ߰ (3) 22% ö 1900 Ѿ. ̳ ߿ 52 ְ 2130 ϱ ߴ. ̴ 밡 Ұ 51% ̴.
ְ , SHȭ ȯ(ֱ 4б ջ) ݿ ְ(PER) 17.2 5 39.5踦 ȸ ؼ ؿ ߴ. ְ(PSR) 1.0, ְ帧(PCR) 9.5 ؼ ߴ.
[ǥ] SHȭ, ؼ
:2016 6 3
(ڷ:GSŬ)
繫µ ȣϴ. 1б ä 29%, 375%. Ϲ ä 100% , 100% ̻ 繫° ϴٰ ǴѴ.
1б 帧(FCF, ȯ ) Ǵ . 10 FCF 17 5 58, 3 87 ƴ. ں 29.9% ؼ ǿ Ѵ.
SHȭ ռ ü ַ ǰ ġ Ƽ(EPS, Expandable Poly-Styrene)̴. EPS 迭 ռ. (Naphtha) ϸ Ƽ (SM, Styrene Monomer) µ, ̸ EPS . EPS ȭ ǰ ü ϴܿ ġ ǰ̴.
SHȭ 1б 502 15% ߴ. 55, 3% 42 ߴ.
EPS ܿ, , ӻ پϴ. EPS Ƽ ü , ó ǰȴ. EPS 75% ܺ ܿ Ǽ ´.
ٸ, ͼ δ. ֿ SM( 88%) kg 1127 9.5% . ݸ, EPS kg 1719 2.3% پ ͼ δ.
1б ȯ(ֱ 4б ջ) ݿ ְ(PER) 17.2, ְڻ(PBR) 2.40, ڱںͷ(ROE) 13.9%.
GSŬ...
- ' öŸ'..ֱ 10Ⱓ 32%~40%
- GSŬ ͷ(ݵ )
* ͷ(15.09.14~6/3)
èǾ: +13.4%
: +2.7%
: +1.4%
ڰ ϴ GSŬ ġ 밡 ڹ Ѵ. ' (Giant's Shoulder) öŸ' ̴. GSŬ 밡 ö ִ Ʈ ִ.
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