Nyevero Inoratidza Chikwata Chingave Chishanduri Munzvimbo Ine Ngozi
Kana kambani yemakambani inowanikwa makumi mashanu zvakapetwa, somuenzaniso, inogona kunge yakanyanya kupfuura yakaenzaniswa nekambani inotengeserana katatu zvakapiwa.
Kunyange zvazvo vamwe vatengi vanofunga kuti mumusika wekutengesa unoshanda uye mudyari wekushambadzira haazove nehuwandu hwekutsanya zvakakwana kuti aone huwandu hwakawanda hwemashamba nokuti hunoiswa mumatengo emadhora anenge pfupi, vanyori vanoongorora vanofunga kuti nguva dzose muchawana zvakakosha kana zvisingatarisirwi mashizha mumusika nekuda kwevatengesi irrationality.
Saka, iwe ungati sei kana chikwata chakanyanyisa? Kune marudzi akasiyana-siyana ezviratidzo zvinobatsira zvinogona kuratidza kuti kutarisana kwakanyanya kunotenderwa. Zvakakosha kutanga nekutarisa mushumo wegore wega wega , 10-K kuisa pasi , chirevo chemari , mari yebhadharo , nezvimwe zvinoratidzirwa kuti uwane manzwiro emabasa ekusimudzira uchishandisa mashoko anowanikwa nyore nyore.
Kunyange zvazvo varimi vakawanda vachivimba nehuwandu hweP / E, kana uri kutsvaga kukuchera zvakadzika, kune dzimwe nzira dzekuedza kana zvikwereti zvakakosha.
Tarisa pa PEG kana Dividend-Adjusted PEG Ratio
Aya maverengi maviri anogona kuva anobatsira mumamiriro ezvinhu akawanda asi angave ane chinhu chisingawanzwisisiki icho chinowedzera nguva nenguva. Kutanga, tarisa zvakarongwa mushure mekuteresa kwekukura mumari inowanikwa mugove wega, zvakanyatsodzivirirwa, mumakore mashomanana ari kuuya. Zvadaro, tarisa mutengo wekutengesa-ku-kuwanikwa pachikwata.
Uchishandisa aya mafananidzo maviri, unogona kuverenga chimwe chinhu chinozivikanwa sehuwandu hwe PEG , uchishandisa chirevo ichi:
PEG Ratio = P / E Ratio / yekambani yemari inowedzera kuwedzera
Kana iyo yekutengesa ichipa chikamu, iwe ungada kushandisa chikamu-chakashandurwa PEG proportional formula:
Kugoverwa-kwakagadziridzwa PEG ratio = P / E chiyero / ((earnings growth + dividend yield)
Mhedziso yakakwirira yepamusoro iyo vanhu vazhinji vanoda kuifunga ndeye chiyero chezvi 2. Muchiitiko ichi, pasi iri nhamba iri nani, nechinhu chero chipi zvacho pa1 kana pasi chinotaridzirwa zvakanaka. Zvakare, zvisarudzo zvingave zviripo, zvakadai semurimi wehuwandu hwemabhizimisi ehupfumi angangotarisa kuchinja kwebhizinesi rebhizimisi uye sarudzo yekuwana mari inowanzochengetedza. Kunyange zvazvo mamiriro ezvinhu angave akawanda zvikuru kudarika anotarisa pakutanga, kumudzimai mutsva, mutemo uyu mukuru unogona kudzivirira pakurega kurasikirwa kwakanyanya.
Chengeta iyo Relative Dividend Inobereka Mazana
Iwe unogona kuwana kuti mari yakawanda inotengeswa yemugove wezvokugovera Iyo iri pasi pe20 muzana yeIndaneti yakareba kwenguva yakareba. Kunze kwekuti bhizimusi kana sangano kana indasitiri iri kupinda munguva yekuchinja kukuru kana mumabhizimisi ayo mhando kana hupfumi huri kushanda, kambani yekushanda kwekambani ichaenda kuratidza humwe hutano hwekugadzikana kwemazuva, nehuwandu hwakajeka hwezvibereko pasi pemamwe mamiriro ezvinhu.
Izvi zvinoreva kuti misika yekutengeswa inogona kunge isingakanganisi asi iyo chaiyo yekushanda yezvizhinji mabhizinesi, munguva dzakawanda, inoratidza kuwedzera kwakanyanya, kana zvichienzaniswa pamusoro pehuwandu hwehupfumi huwandu kupfuura hunoratidzwa muhuwandu hwehutengo.
Izvi zvinogona kushandiswa kumushambadzi wekushandisa. Tora kambani yakadai seKevron. Tichitarisa kumashure munhoroondo yese, chero nguva Chevron's dividend yield inenge iri pasi pe2,00 muzana, vatengesi vanofanira kunge vakangwarira sezvo firimu yakanyanya kukoshesa. Saizvozvowo, chero nguva iyo yakasvika kusvika ku350 kubva kune 4,00 muzana, yakarongedza kumwe kutarisa kwayo kwakanga kusingakoshi. Mugove wekugovera, mune mamwe mazwi, wakashanda sechiratidzo . Yakanga iri nzira yevarimi vashoma vanoziva kuti vaenzanise mutengo wakaenzana nehupfumi hwebhizimisi, kubvisa zvinhu zvakawanda zvakaoma zvinogona kuitika kana uchitarisana nemari yemari pasi peGGA.
Kuona uye kutarisa chikamu chekugoverwa kwekambani kwenguva yakareba, mapeji kunze kwemugove wezvakaitika kare anowedzera kune dzimwe nguva, uye ogovana chati iri kugoverwa 5 kuenzana. Chero nguva iyo mugove wekugoverwa unowira pasi pe quintile yepasi, ngwarira. Sezvo nedzimwe nzira, iyi haisi yakakwana. Makambani akabudirira makambani anokurumidza kupinda mudambudziko uye anokundikana; mabhizimisi akaipa anotendeuka uye anotenderera.
Pakati pevhesi, kunyange zvakadaro, apo inoteverwa nemurimi wekusimudzira mafambiro sechikamu chepamusoro-soro yepamusoro yehupamhi hwepamusoro, bhuu yebhuruu, zvikwereti zvakabhadhara-mitsara, nzira iyi inogona kuita zvimwe zvibereko zvakanaka. Inogona kumanikidzira vatengesi kuti vazviite nenzira ye mechanical kufanana nenzira inoita nguva dzose, kuisa mari nguva nenguva mumashandisirwo emari, ingave yemusika kana kumusoro, pasi.
Ongorora Maitiro Ekambani Inoshandiswa
Mamwe mapoka emakambani akadai sevashandi vekumba, vogadziri vemotokari, uye midziyo yemidziyo vane unhu hwakasiyana. Aya mabhizinesi anowanzoona madonhwe akakwirira mune purogiramu munguva dzekugadzikana kwezvoupfumi, uye mapoka makuru mune purogiramu munguva dzekuwedzera kwezvemari. Kana izvi zvikaitika, vamwe vatengesi vanonyengerwa nezvinoonekwa sekukurumidza kukura mubhadharo, pasi p / e ratios, uye, pane dzimwe nguva, zvikwereti zvikuru.
Iyi mamiriro ezvinhu, anozivikanwa sekukosha misungo , anogona kuva nengozi. Zvinowanikwa pamuswe wemuswe wekuwedzera kwezvemari uye zvinogona kusunga vashandi vasina ruzivo. Vatori venguva yakazara vaizoziva kuti muzvokwadi, P / E ratios yezvikambani izvi zvakawanda, zvakakwirira kudarika zvazviri.
Chengetedza Mubayiro Kupa
Nhengo yekuwana mari yekukohwa kana ichienzaniswa nehupfumi hwehutano hwehupfumi inogona kupa rumwe ruzivo pakuchengetedzwa kwechikwata chakawedzerwa. Chero pose apo mari yehupfumi inoberekwa inopfuura kudhura kwekuwana zvibereko kubva 3-kusvika-1, shandisa kumakomo. Verenga izvi uchishandisa musarudzo inotevera:
(Makore makumi matatu emakore ekubhadhara mari yezvivigiro) Zvikamu zvakakwana-zvakanyanyogadziriswa pagoga
Semuenzaniso, kana kambani inowana $ 1.00 muchikamu muEPS yakaderedzwa, uye 30-Year Treasury Bond inobereka zvikamu zvishanu kubva muzana, chiyero chichati chiratidze mari yakawandisa kana iwe wakabhadhara $ 40.00 kana kupfuura kwegairo. Izvo zvinotumira mutsvuku mutsvuku kuti mafungiro ako ekudzoka angave ane tariro yakawandisa.
Chibharo chezvisungo zvepfuma kune mari yakawanda inobereka zvinokonzerwa ne3 kusvika ku1 zvakangoitika nguva shomanana pamakumi emakumi maviri emakore asi inenge isiri chinhu chakanaka. Kana zvikaitika pamatokari akakwana, mushamba wekutengesa sewe huse huchave wakave wakakwirira kwazvo maererano neGross National Product, kana GNP, iyo ndiyo chiratidzo chikuru chekuyeuchidza kuti kukosha kwave kwakasvibiswa kubva kune zvakashata zvezvehupfumi.
Usakanganwa kugadzirisa zvinhu zvoupfumi, zvakadaro. Semuenzaniso, panguva ya2001 mushure meSeptember 11 kutengesa, zvakawanda zveimwe mabhizinesi makuru aiva nemakore akawanda ekunyora-izvo zvakaguma nematambudziko akaora mwoyo uye zvakanyanya zvikuru P / E ratios. Ivanamabhizimisi vakagadzikana mukutevera makore nekuti hapana kuparadzwa kusingagumi kwakange kwaitwa kumabasa avo epakati mumatambudziko mazhinji.
Zvikwereti Zvakawedzerwa MuPodfolio Yako
Zvakakosha kune vashandi kuti vanzwisise kusiyana pakati pekuramba kutenga sengo inonyanya kukoshesa nekuramba kutengesa chigamba chaunobata chakatora mberi kwenguva pfupi. Pane zvikonzero zvizhinji zvekuti mutengesi akangwara haafaniri kutengesa mari yakawanda inowanikwa mumapatofidho ake, mazhinji ayo anosanganisira kushandiswa kwekutengeserana pamusoro pemutengo wemukana nemitemo yemitero. Izvozvo zvakati, chinhu chimwe chete kubata chimwe chinhu chingave chakasvika 25 kubva muzana zvakakwirira kudarika yako yekuchengetedza inofungidzira kukosha kwemukati, uye imwe zvachose kana iwe uine mashizha ane maitiro anovhiringidzika haavi nekunzwisisa zvachose mumusika usiri.
Imwe ngozi kune vatsva vatengesi ndiyo tsika yekutengesa kazhinji. Kana iwe une pesa mune bhizinesi guru, iyo inogona kunge inokurudzira kubhadharwa kwakakwirira pahutano , kudzoka kwakakwirira pane zvinhu , uye / kana kudzoka kwakakwirira pamashandiro akashandiswa, kukosha kwemugadziri wezviyo kunogona kukura nekufamba kwenguva. Inowanzokanganisa kugovana nekambani yekambani nekuda kwekuti ingangodaro yakatora mari shoma nguva nenguva. Tarisa kudzoka kwemabhizimisi maviri, Coca-Cola naPepsiCo, Kunyange zvazvo mutengo wematengo wakanyanyiswa pane dzimwe nguva, mutengesi angadai akazadzwa nekuzvidemba pashure pokunge atengesa kubva padanda rake.
Iko Balance haisi kupa mutero, utsvaga, kana mari yemari uye mazano. Mashoko aya ari kuendeswa asina kufunga nezvezvinangwa zvekutsvaga, kubvumira kusangana nematambudziko kana mamiriro emari yemumwe muzvinabhizimisi chaiyo uye angave asina kukodzera kune varairi vese. Basa rekare harisi kuratidza migumisiro yemangwana. Kuisa mari kunosanganisira njodzi dzinosanganisira kurasikirwa kwatinoitwa mukuru.