Kun ga masu farawa masu zaman kansu da yawa suna tafiya jama'a ta hanyar IPOs.
Koyaya, ƙimar kamfani, lokacin da mahaɗin bai fito fili ba, na iya zama yanayi mai wahala. Tun da ba a jera kamfanin ba, mutum ba zai iya samun ra'ayi game da ƙimar kamfani ba, saboda farashin hannun jari tare da jimlar ãdalci da jama'a galibi ana amfani da shi azaman kayan aiki don tantance ainihin ƙimar kamfanin.
Akwai ƴan hanyoyin ƙididdigewa waɗanda ke taimaka wa masu saka hannun jari su tantance ƙimar kasuwancin da kyau. Yawan shekarun aiki da kamfani ke da shi, mafi daidaito zai zama alamun ƙididdiga.
Hange na incubators, fahimtar su game da damuwar masu zuba jari, da kuma ikon su na tsara hanya ta gaba ga kamfanin duk muhimman abubuwa ne.
Abubuwan da ke tattare da Siyan Hannun Jari Mai Girma
Sau da yawa fiye da haka, kamfanoni suna wuce gona da iri yayin da suke fitowa a bainar jama'a saboda dalilai da yawa (waɗanda za a tattauna a ƙarshen wannan labarin).
Masu sha'awar zuba jari suna son siyan IPOs masu tsada, don haka suka tashi tsaye don fuskantar matsalar stock kasuwa da kuma jawo babbar asarar kudi a nan gaba.
Kasuwar tana da nata hanyar jawo hannun jarin da ya wuce kima ga abin da ainihin farashin su na iya kasancewa (waɗanda ke nuna tsaka-tsakin hannun jari kuma don haka farashin hannun jari a ƙimar da ta fi dacewa da ƙimar asali na kamfanin).
Me Yasa Farashin Hannun Jari Ya Hau Da Haushi?
Neman Karu: Girman ciniki, wanda ke wakiltar yawancin hannun jari da aka yi ciniki a lokacin da aka ba da lokaci, shine adadin ayyukan kasuwa. Babban yanayin da ake buƙata zai iya haifar da kima da ƙima.
Canje-canje a Samun Kuɗin Kamfanoni: Lokacin da tattalin arzikin ke cikin tashin hankali, kashe kuɗin jama'a yana raguwa, wanda zai iya haifar da raguwar ribar kamfanoni. Idan wannan ya faru, amma farashin hannun jari na kamfanin bai daidaita zuwa sabon matakin ribar ba, ana iya ɗaukar hannun jarinsa fiye da kima.
Juyin Juya Hali: Farashin hannun jari na iya canzawa dangane da ko hannun jarin masana'antu sun yi kyau a wasu sassan fiye da sauran.
Hanyoyi Takwas Don Gano Hannun Hannun Maɗaukaki
A matsayin ɓangaren bincike mai mahimmanci, akwai rabo takwas da dillalai da masu tallafawa kuɗi ke amfani da su akai-akai:
→ Adadin kudin shiga (P/E)
→Rashin samun kudin shiga zuwa ci gaba (Stake)
→Rashin ƙimar wajibi (D/E)
→ Komawa akan ƙimar (ROE)
→ Yawan samun kudin shiga
→ Rabo na yanzu
→ Adadin farashi-zuwa-littafi (P/B)
→ Adadin kudin shiga (P/E)
Ratio Mai Kuɗi-zuwa-Shigo (P/E)
Matsakaicin farashi-zuwa-shigo na ƙungiyar (P/E) hanya ce don kimanta ƙimar hannun jari. Ainihin, yana da ma'anar adadin da zaku mallaka don kashewa don yin Re1 cikin fa'ida. Babban rabon P/E na iya nufin an wuce gona da iri.
Saboda haka, yana iya zama da amfani sosai don nazarin ƙimar P/E ƙungiyoyin masu fafutuka don ganin ko hannun jarin da kuke fatan musayar ya wuce gona da iri.
An ƙaddara rabon P/E ta hanyar raba darajar kasuwa a kowane rabo ta hanyar samun kudin shiga kowane rabo (EPS). An ƙaddara EPS ta hanyar rarraba cikakkiyar fa'idar ƙungiyar ta adadin tayin da ta bayar.
Ƙimar Kudin shiga zuwa Raba Haɓaka (Stake)
Matsakaicin hannun jari yana ɗaukar gander a ma'aunin P/E idan aka kwatanta da haɓaka ƙimar a cikin EPS na shekara. A yayin da ƙungiya ta sami riba mai ƙima da babban rabon hannun jari, yana iya nuna cewa hajar ta ta wuce gona da iri.
Rabon Ƙimar Wajibi (D/E)
Ma'auni na D/E ya ƙiyasta wajibcin ƙungiyar akan albarkatunta. Ƙananan rabo na iya nuna cewa ƙungiyar tana samun mafi yawan kuɗin tallafinta daga masu saka hannun jari - duk da haka, wannan ba ya da tabbacin yana nuna cewa hajar ta ta wuce gona da iri.
Don fayyace wannan, yakamata a ƙididdige ƙimar D/E na ƙungiyar akan na yau da kullun ga abokan hamayyarta. Wato bisa dalilin cewa rabon 'sa'a ko rashin sa'a' ya dogara ne akan kasuwancin. An ƙaddara rabon D/E ta hanyar raba abin da ake bi ta hanyar ƙimar mai saka jari.
Komawa akan Daidaito (ROE)
ROE yana kimanta fa'idar ƙungiya akan ƙimarta. An ƙaddara ta hanyar raba riba gaba ɗaya ta ƙimar abokin tarayya. Ƙarƙashin ROE na iya zama alamar yuwuwar girman hannun jari.
Wato bisa dalilin cewa zai nuna cewa kungiyar ba ta samar da wani tan na albashi idan aka kwatanta da nawa hasashen masu zuba jari.
Riba Riba
Yawan samun kudin shiga shine ainihin wani abu da ya saba wa rabon P/E. An ƙaddara ta hanyar raba EPS ta amfani da farashin kowane rabo, maimakon farashin kowane rabo ta hanyar samun kudin shiga.
Wasu 'yan dillalai sun yi imanin cewa jari za a yi karin gishiri idan an kashe kuɗin da gwamnatin Amurka ke bayarwa na yau da kullun yayin samun kuɗi (wanda aka sani da yawan kuɗin ajiya) ya fi ribar riba.
Yanayin Yanzu
Matsakaicin ƙungiyar a halin yanzu yana ƙididdige ƙarfinta don kula da wajibai. An ƙaddara ta asali ta hanyar rarraba albarkatu ta hanyar biyan kuɗi.
Matsakaicin da ke gudana sama da 1 a al'ada yana nuna abubuwan biyan kuɗi na iya cika gamsuwa ta hanyar albarkatun da ake samu. Mafi girman rabo mai gudana, mafi girman yuwuwar farashin hannun jari zai ci gaba da tashi.
Adadin Littafin Farashi (P/B)
Gwajin haƙƙin haƙƙin haƙƙin mallaka shima yana cikin ma'aunin P/B na ƙungiyar. Ana amfani da wannan rabon don bincika farashin ɓangaren kasuwancin da ke gudana daidai da ƙimar littafin ƙungiyar (cikakkiyar abin dogaro ga albarkatun albarkatu, wanda aka raba da tayin da aka bayar).
Don tabbatar da shi, raba farashin kasuwa na kaso ɗaya ta littafin ƙimar kowane rabo. Ana iya yin karin gishiri idan rabon P/B ya fi 1.
Ga Misali tare da Magana don Taƙaitawa
Menene Ba daidai ba Tare da IPO na Mama Duniya:
Kwanan nan, IPO na Mama Earth ya yi labarai da yawa kuma yawancin masu kudi suna neman masu zuba jari su yi taka tsantsan tun da farashin ya yi yawa. Wannan saboda su bayanan kudi Ba su ba da hujjar kimar da suka sanya farashin IPOs ba.
Kimar da ake nema shine sau 17 na kudaden shiga FY23 (H1-FY23 kudaden shiga na Rs. 722 cr.) kuma sau 26 na kudaden shiga FY22 wanda ya kai Rs. 943 cr. Yana da rabon P/E na 3400x (dangane da FY22 PAT na 14.44 cr da H1-FY23 PAT mai daraja Rs 3.67 cr 2) da 1700x.
Mamaearth zai buƙaci haɓaka ribarsa da aƙalla sau 50 a wannan rabon P/E don tabbatar da ƙimar sa na yanzu. Sakamakon wannan haɓakar hauhawar yawan kuɗin shiga mai yawa, kumfa za ta fashe kuma masu zuba jari za su yi asara mai yawa.
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