Ubone uqalo oluninzi lwabucala luhamba esidlangalaleni ngee-IPO.
Nangona kunjalo, ukuxatyiswa kwenkampani, xa iqumrhu lingekabonakali esidlangalaleni, kunokuba yimeko ekhohlisayo. Kuba inkampani ingadweliswanga, umntu akanakufumana ingcinga yexabiso lenkampani, njengoko ixabiso lesabelo ngokuhlangeneyo nesabelo sezabelo ezipheleleyo kunye noluntu lihlala lisetyenziswa njengesixhobo sokuvavanya elona xabiso lenkampani.
Kukho iindlela ezimbalwa zobuninzi ezinceda abatyali-mali ukuba bahlole ixabiso lamashishini ngcono. Ngokuya ininzi iminyaka yokusebenza inkampani, kokukhona ichaneka ngakumbi izalathi zobungakanani.
Umbono we-incubators, ukuqonda kwabo iinkxalabo zabatyali-zimali, kunye nokukwazi kwabo ukutshatisa ikhosi yexesha elizayo yenkampani zizinto zonke ezibalulekileyo.
Iimpembelelo zokuthenga iZitokhwe ezinexabiso elingaphezulu
Amaxesha amaninzi, iinkampani zizixabisile xa zisiya esidlangalaleni ngenxa yezizathu ezininzi (eziya kuxoxwa kamva kweli nqaku).
Abatyali-mali abanomdla bayabanjiswa ekuthengeni ii-IPO ezixabisa kakhulu, kwaye ke ngoko bazimisele ukujongana nobunzima be-IPOs. imakethi yesitokhwe kunye nelahleko enkulu yemali kwixesha elizayo.
Imarike ineyayo indlela yokutsala amasheya axabisa ngaphezulu ukuba zithini iindleko zabo zokwenyani (ukungathathi hlangothi kwesitokhwe se-fluffy kwaye ngaloo ndlela kuxatyiswe izitokhwe ngexabiso elihambelana ngakumbi nexabiso lokuqala lenkampani).
Kutheni Amaxabiso eStokhwe enyuka Kakhulu?
Ii-Spikes zeMbango: Umthamo wokurhweba, omele ukuba zingaphi izitokhwe ezithengiswe ngexesha elithile, yimali yomsebenzi wemarike. Indawo enemfuno ephezulu inokukhokelela ekubekweni kwexabiso eliphezulu kwisitokhwe.
Utshintsho kwimivuzo yoShishino: Xa uqoqosho lukwisiphithiphithi, inkcitho kawonke-wonke iyehla, nto leyo enokukhokelela ekwehleni kwengeniso yeenkampani. Ukuba oku kuyenzeka, kodwa ixabiso lesitokhwe senkampani alihlengahlengisi kwinqanaba lengeniso entsha, izabelo zayo zinokuthathwa njengexabiso elingaphezulu.
Ukuguquguquka kwebhayisikile: Amaxabiso estokhwe anokutshintsha ngokuxhomekeke ekubeni isitokhwe semizi mveliso senza ngcono na kwezinye iikota kunezinye.
Iindlela ezisibhozo zokuchonga isitokhwe esinexabiso elithe chatha
Njengenxalenye yophando oluyimfuneko, kukho umlinganiselo osibhozo osetyenziswa rhoqo ngabathengisi nabaxhasi bemali:
→ Umlinganiselo weendleko zomvuzo (P/E)
→Umlinganiselo weendleko zomvuzo kuphuhliso (Isibonda)
→Ixabiso lomlinganiselo wexabiso (D/E)
→Buyisela kwixabiso (ROE)
→Ingeniso yengeniso
→Umlinganiselo wangoku
→ Umlinganiselo wexabiso lencwadi (P/B)
→ Umlinganiselo weendleko zomvuzo (P/E)
Iindleko zokuya kuMvuzo (P/E)
Umlinganiselo weendleko ukuya kwingeniso yombutho (P/E) yindlela yokuqikelela ixabiso lesitokhwe sawo. Ngokusisiseko, iyavakala imali onokuthi uyichithe ukwenza iRe1 ibe yinzuzo. Umlinganiselo ophezulu we-P / E unokuthetha ukuba izitokhwe zibaxiwe.
Ngenxa yoko, kunokuba luncedo kakhulu ukuhlalutya ulungelelwaniso lwe-P/E lwemibutho ekhuphisanayo ukuze ubone ukuba isitokhwe onethemba lokutshintshiselana ngalo siyabaxwa.
Umlinganiselo we-P/E umiselwa ngokwahlula ixabiso lemarike ngesabelo ngengeniso ngesabelo ngasinye (EPS). I-EPS imiselwa ngokwahlula-hlula inzuzo epheleleyo yombutho ngenani lonikezelo olunikileyo.
Ingeniso yeXabiso kuPhuhliso lweRatiyo (iSiteki)
Umlinganiselo westake uthatha i-gander kumlinganiselo we-P/E xa kuthelekiswa nophuhliso lwesantya kwi-EPS yonyaka. Kwimeko apho umbutho unenzuzo encinci kunye ne-Stake ratio ephezulu, inokuthetha ukuba isitokhwe saso sibaxiwe.
IsiBonelelo seXabiso (D/E)
Umlinganiselo we-D/E uqikelela uxanduva lombutho ngokuchasene nezibonelelo zawo. Umlinganiselo ophantsi unokuthetha ukuba umbutho ufumana inxalenye enkulu yenkxaso-mali kubatyali-mali bawo - nangona kunjalo, oko akuqinisekwanga kuthetha ukuba isitokhwe sawo sibaxiwe.
Ukucacisa oku, umlinganiselo we-D/E wombutho kufuneka uhlale uqikelelwa ngokuchasene nesiqhelo kwabo bakhuphisana nabo. Oko kungenxa yokuba umlinganiselo 'wethamsanqa okanye ilishwa' uxhomekeke kwishishini. Umlinganiselo we-D/E umiselwa ngokwahlula amatyala ngexabiso lomtyali-mali.
Buyela kwi-Equity (ROE)
I-ROE iqikelela inzuzo yombutho xa ithelekiswa nexabiso layo. Kumiselwa ngokwahlula inzuzo iyonke ngexabiso leqabane. I-ROE ephantsi inokuba luphawu olunokwenzeka lwezabelo ezibaxiweyo.
Oko kungenxa yokuba iya kubonisa ukuba umbutho awuvezi itoni yomvuzo xa kuthelekiswa nokuba kungakanani uqikelelo lomtyali-mali.
Ingeniso yeNzuzo
Ingeniso yengeniso yinto esisiseko echasene ne-P/E ratio. Kumiselwa ngokwahlula i-EPS kusetyenziswa iindleko ngesabelo ngasinye, kuneendleko ngesabelo ngengeniso.
Abarhwebi abambalwa bakholelwa ukuba isitokhwe sibaxwa xa iindleko zenkxaso-mali eziqhelekileyo urhulumente wase-US azinika ngelixa ukufumana imali (eyaziwa ngokuba yi-depository yield) inkulu kunengeniso yenzuzo.
Ukulinganiswa kwangoku
Umlinganiselo wangoku wombutho ubala amandla awo okunyamekela izibophelelo. Imiselwa ngokwahlulwa kwezibonelelo ngamatyala.
Umlinganiselo oqhubekekayo ongaphezulu kuno-1 ngokuqhelekileyo uthetha ukuba amatyala anokuhlawulwa ngokwanelisayo ngezibonelelo ezifikelelekayo. Okukhona uphezulu umlinganiselo oqhubekayo, kokukhona uphezulu amathuba okuba ixabiso lesabelo liya kuhlala linyuka.
IiNdleko zeNcwadi yeSilinganiselo (P/B)
Ulingo lwelona xabiso lesitokhwe ngokunjalo lilele kumlinganiselo weP/B wombutho. Lo mlinganiselo usetyenziselwa ukuvavanya iindleko eziqhubekayo zecandelo loshishino ngokuchasene nexabiso lencwadi yombutho (absolute resources short liabilities, ahlulwe ngezibonelelo ezinikiweyo).
Ukuqinisekisa oko, yahlula ixabiso lemarike yesabelo esinye ngokwexabiso lencwadi ngesabelo ngasinye. Isitokhwe sinokugqithiswa ukuba umlinganiselo we-P/B ungaphezulu kwe-1.
Nanku umzekelo onomxholo wokushwankathela
Yintoni engalunganga ngoMama Umhlaba IPO:
Kutshanje, i-IPO ye-Mama Earth yenze iindaba ezininzi kwaye ii-gurus ezininzi zezemali zicela abatyali-mali ukuba balumke kuba isitokhwe siphezulu. Oku kungenxa yabo Isiteyithimenti sezemali abaluthethelela uqingqo-maxabiso abathe banika amaxabiso ngalo ii-IPOs.
Uqingqo-maxabiso oluceliweyo li-17 eliphinda-phindwe nge-FY23 yengeniso (ingeniso ye-H1-FY23 ye-Rs. 722 cr.) kunye namaxesha angama-26 engeniso ye-FY22 exabisa i-Rs. 943 cr. Inomlinganiselo we-P / E we-3400x (esekelwe kwi-FY22 PAT ye-14.44 cr kunye ne-H1-FY23 PAT ixabisa i-3.67 cr 2) kunye ne-1700x.
I-Mamaearth iya kufuna ukwandisa inzuzo yayo ubuncinane ngamaxesha angama-50 kule nxalenye ye-P / E ukwenzela ukuba iqinisekise ixabiso layo langoku. Ngenxa yokunyuka kweNgeniso ePhakamileyo, iqamza liya kugqabhuka kwaye abatyali-mali baya kulahlekelwa yilahleko enkulu.
Shiya iMpendulo