Iwe wakaona akawanda epachivande ekutanga achienda kuruzhinji kuburikidza neIPOs.
Nekudaro, kukosha kwekambani, kana mubatanidzwa uchiri kuenda kuruzhinji, anogona kunge ari mamiriro anonyengerera. Sezvo kambani isina kunyorwa, munhu haakwanise kuwana pfungwa yekukoshera kwekambani, sezvo mutengo wekugovana wakabatana neiyo yakazara equity share neruzhinji unowanzo shandiswa sechombo chekuongorora kukosha chaiko kwekambani.
Pane nzira shoma dzehuwandu dzinobatsira vanoisa mari kuti vaone kukosha kwemabhizinesi zviri nani. Iyo yakawanda makore ekushanda iyo kambani yave nayo, iyo yakanyatsojeka ichave iyo yehuwandu zviratidzo.
Chiratidzo chemaincubator, kunzwisisa kwavo zvinonetsa zvevanoisa mari, uye kugona kwavo kuronga kosi yeramangwana yekambani zvese zvinhu zvakakosha.
Zvinoreva Kutenga Masheya Akadhura
Kazhinji kazhinji, makambani anozvikoshesa paanenge achienda kuruzhinji nekuda kwezvikonzero zvakati wandei (izvo zvichakurukurwa mune inotevera chikamu chechinyorwa chino).
Vanofarira vanoisa mari vanobatiswa kutenga maIPO akadhura, uye nekudaro vanozvigadzirira kutarisana nekuoma kweiyo. pamusika wemari uye kuunza kurasikirwa kukuru kwemari mune ramangwana.
Musika wacho une wawo nzira yekukwevera iyo yakawandisa masheya kune izvo mutengo wavo chaiwo ungave waive (kuregeredza masheya ane fluffy uye nekudaro mutengo wemasheya pamutengo unowirirana kune yekutanga kukosha kwekambani).
Sei Mitengo yeStock ichikwira zvakanyanya?
Demand Spikes: Kutengeserana kwevhoriyamu, iyo inomiririra kuti mangani emasheya akatengeswa panguva yakatarwa, huwandu hwekuita kwemusika. Nzvimbo inodiwa zvakanyanya inogona kukonzera kuwandisa kwemasheya.
Shanduko Pamihoro Yemakambani: Kana hupfumi hwenyika husina kumira zvakanaka, mari inoshandiswa neveruzhinji inodzikira, izvo zvinogona kukonzera kudzikira kwekubudirira kwemakambani. Kana izvi zvikaitika, asi mutengo wemasheya wekambani ukasagadzirisa kune purofiti nyowani, migove yayo inogona kunzi yakawandisa.
Cyclical Fluctuations: Mitengo yemasheya inogona kuchinja zvichienderana nekuti maindasitiri ezvitoro anoita zvirinani mune mamwe makota pane mamwe.
Sere Nzira dzekuziva Overpriced Stock
Sechikamu chekuferefeta kwakakosha, kune zviyero zvisere zvinogara zvichishandiswa nevatengesi nevatsigiri vezvemari:
→ Mutengo wemari (P/E)
→ Mutengo wemari muyero kune budiriro (Stake)
→Kusungirwa kukosha kwechiyero (D/E)
→ Dzokera pane kukosha (ROE)
→Kuwana mari
→ Chiyero chazvino
→ Mari-kune-bhuku reshiyo (P/B)
→ Mutengo wemari (P/E)
Mutengo-kune-Income Ratio (P/E)
Mutengo wemubhadharo wesangano (P/E) inzira yekufungidzira kukosha kwayo kwemari. Chaizvoizvo, zvine musoro kune iyo mari yauchange uine yekushandisa kugadzira Re1 mubatsiro. Chiyero chepamusoro cheP / E chinogona kureva kuti masheya akawedzeredzwa.
Nekuda kweizvozvo, zvinogona kubatsira chaizvo kuongorora mareshiyo eP/E emasangano evanokwikwidza kuti uone kana masheya auri kutarisira kuchinjanisa awedzeredzwa.
Chiyero cheP/E chinotarwa nekupatsanura kukosha kwemusika pachikamu nechikamu chemari pachikamu (EPS). Iyo EPS inotemerwa nekugovanisa iyo asolute sangano rubatsiro nehuwandu hwezvipo zvayakapa.
Kukosha Mari yeKuvandudza Ratio (Stake)
Chiyero chesiteki chinotora gander pachiyero cheP/E chinofananidzwa nekukura kwechiyero muEPS yegore. Muchiitiko chekuti sangano rine suboptimal purofiti uye yakakwira Stake ratio, zvinogona kureva kuti masheya ayo akawedzeredzwa.
Obligation Value Ratio (D/E)
Chiyero cheD/E chinofungidzira chisungo chesangano maererano nezviwanikwa zvayo. Chiyero chepasi chinogona kureva kuti sangano rinowana chikamu chikuru chemari yaro kubva kune vanoisa mari - zvisineyi, izvo hazvina vimbiso yekureva kuti masheya ayo akawedzeredzwa.
Kuisa izvi, reshiyo yeD/E yesangano inofanirwa kugara ichifungidzirwa zvichipesana neyakajairwa kune vanokwikwidza. Izvo zviri pazvikonzero zvekuti 'rombo rakanaka kana rombo rakanaka' rinotsamira pabhizinesi. Chiyero cheD / E chinotarirwa nekuparadzanisa zvikwereti neinvestment value.
Dzokera paEquity (ROE)
ROE inofungidzira kubatsirwa kwesangano maringe nekukosha kwayo. Zvinotemerwa nekuparadzanisa pfuma yese nekukosha kwemudiwa. ROE yakaderera inogona kunge iri chiratidzo chekuwedzeredza migove.
Izvo zviri pazvikonzero zvekuti zvaizoratidza kuti sangano harisi kugadzira toni yemubhadharo kana ichienzaniswa nehuwandu hwekufungidzira kwemainvesti.
Profit Yield
Mari yegoho chinhu chakakosha chinopesana nechiyero cheP / E. Inotemerwa nekuparadzanisa EPS uchishandisa mutengo wega wega, pane mutengo wega wega nemari.
Mabhuroka mashoma anotenda kuti masheya anowedzeredzwa kana mari yakajairika iyo hurumende yeUS inopa apo vachiwana mari (inozivikanwa sedhipoziti goho) yakakura kupfuura goho remubereko.
Ratio Razvino
Chiyero chazvino chesangano chinoverengera kugona kwaro kutarisira zvinosungirwa. Zvinotemerwa nekugovanisa zviwanikwa nezvikwereti.
Reshiyo inoenderera mberi yakakwira kupfuura 1 kazhinji inoreva kuti zvikwereti zvinogona kufukidzwa zvinogutsa nezviwanikwa zviripo. Kukwira kwereshiyo inoenderera mberi, kunowedzera mukana wekuti mutengo wemugove urambe uchikwira.
Mutengo weBhuku reshiyo (P/B)
Kuyedzwa kwemutengo chaiwo westock zvakare kuri muchikamu cheP / B chesangano. Chiyero ichi chinoshandiswa kuongorora mutengo uripo wechikamu chebhizinesi uchipesana nebhuku resangano (absolute zviwanikwa zvikwereti zvipfupi, zvakapatsanurwa nezvipo zvakapihwa).
Kuti uzvizive, patsanura mutengo wemusika wechikamu chimwe nebhuku rekuremekedza pachikamu. A stock inogona kuwedzeredzwa kana chiyero cheP/B chiri pamusoro pe1.
Heino Muenzaniso une Context yekupfupikisa
Chii Chakashata naMama Earth IPO:
Nguva pfupi yadarika, Amai Earth's IPO vakaita nhau dzakawanda uye vazhinji vezvemari vari kukumbira vanoisa mari kuti vangwarire sezvo stock yacho yakawandisa. Izvi zvinodaro nekuti yavo zvinyorwa zvemari havasi kupembedza kukosha kwavakatemera maIPO.
Kukosheswa kuri kukumbirwa kwakapetwa kagumi nenomwe pamari yeFY17 (H23-FY1 mihoro yeRs. 23 cr.) uye 26 nguva dzeFY22 mihoro inokosha Rs. 943 cr. Ine P/E reshiyo ye3400x (yakabva paFY22 PAT ye14.44 cr uye H1-FY23 PAT inokosha Rs 3.67 cr 2) uye 1700x.
Mamaearth yaizoda kuwedzera purofiti yayo kanokwana ka50 pachiyero ichi cheP/E kuitira kuti iratidze kukosha kwayo kwazvino. Nekuda kweiyi inflation yeHigh Revenue Multiple, bubble richaputika uye vanoisa mari vaizotambura kurasikirwa kukuru.
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