capitalization of earnings

简明释义

收益还原法

英英释义

例句

1.Investors often look at the capitalization of earnings 收益资本化 to assess a company's growth potential.

投资者通常会关注收益资本化以评估公司的增长潜力。

2.The company's stock price reflects the capitalization of earnings 收益资本化 over the past year.

公司的股票价格反映了过去一年中收益资本化的情况。

3.A higher capitalization of earnings 收益资本化 indicates that the company is reinvesting its profits effectively.

较高的收益资本化表明公司有效地再投资其利润。

4.During the earnings call, the CEO discussed the capitalization of earnings 收益资本化 strategy moving forward.

在财报电话会议上，首席执行官讨论了未来的收益资本化策略。

5.Analysts use the capitalization of earnings 收益资本化 model to estimate the intrinsic value of stocks.

分析师使用收益资本化模型来估算股票的内在价值。

作文

The concept of capitalization of earnings is fundamental in the field of finance and investment. It refers to the process of determining the value of a company based on its expected future earnings. Investors use this metric to assess how much they should pay for a share of the company today, based on the anticipated profits that the company will generate in the future. Understanding capitalization of earnings is crucial for making informed investment decisions.When investors talk about the capitalization of earnings, they are usually referring to a valuation method that involves projecting future earnings and then applying a capitalization rate to those earnings. This capitalization rate is often derived from the required rate of return that investors expect from their investments. For example, if an investor expects a 10% return, they would use this rate to discount future earnings back to their present value.To illustrate this concept further, consider a hypothetical company that is expected to earn $1 million annually for the next five years. If the investor believes that a 10% return is appropriate, they would calculate the present value of these future earnings. The formula for calculating the present value of future cash flows is:PV = CF / (1 + r)^n,where PV is the present value, CF is the cash flow in each future period, r is the discount rate, and n is the number of periods.Using this formula, the investor would find the present value of each year’s earnings and sum them up to arrive at the total value of the company based on the capitalization of earnings. This approach allows investors to make more rational decisions rather than relying solely on current market prices, which may not reflect true value.Moreover, the capitalization of earnings can also help investors compare companies within the same industry. By analyzing the earnings capitalization ratios of different firms, investors can identify which companies are undervalued or overvalued relative to their peers. This comparative analysis can provide insights into which stocks might be good investments and which ones to avoid.However, it is important to note that the capitalization of earnings method has its limitations. One major drawback is that it relies heavily on accurate earnings forecasts. If the projections are overly optimistic or pessimistic, the resulting valuation can be significantly skewed. Additionally, market conditions, competition, and changes in consumer behavior can all impact a company's future earnings, making accurate predictions challenging.In conclusion, the capitalization of earnings is a vital tool for investors seeking to determine the value of a company based on its expected future profits. While it provides a structured approach for valuation, it is essential to use this method in conjunction with other financial metrics and qualitative factors. By doing so, investors can enhance their understanding of a company's true worth and make better-informed investment choices. Ultimately, mastering the concept of capitalization of earnings can lead to more successful investment strategies and improved financial outcomes for investors.

“收益资本化”的概念在金融和投资领域中是基础性的。它指的是根据公司预期未来收益来确定公司价值的过程。投资者使用这一指标来评估他们今天应该为公司的一股支付多少，基于公司将来产生的预期利润。理解“收益资本化”对于做出明智的投资决策至关重要。当投资者谈及“收益资本化”时，他们通常是在指一种估值方法，该方法涉及预测未来收益，然后将资本化率应用于这些收益。这个资本化率通常源自投资者对其投资所期望的回报率。例如，如果投资者期望10%的回报，他们将使用这个比率将未来收益折现到现值。为了进一步说明这一概念，考虑一个假设的公司，该公司预计在未来五年内每年赚取100万美元。如果投资者认为10%的回报是合适的，他们将计算这些未来收益的现值。计算未来现金流现值的公式为：PV = CF / (1 + r)^n，其中PV是现值，CF是每个未来时期的现金流，r是贴现率，n是期数。使用这个公式，投资者将找到每年收益的现值并将它们相加，以得出基于“收益资本化”的公司总价值。这种方法使投资者能够做出更理性的决策，而不是仅仅依赖当前的市场价格，后者可能并不能反映真实价值。此外，“收益资本化”还可以帮助投资者比较同一行业内的公司。通过分析不同公司的收益资本化比率，投资者可以识别哪些公司相对同行被低估或高估。这种比较分析可以提供有关哪些股票可能是良好投资以及哪些股票应避免的见解。然而，值得注意的是，“收益资本化”方法也有其局限性。一个主要缺点是它严重依赖准确的收益预测。如果预测过于乐观或悲观，结果估值可能会显著偏差。此外，市场条件、竞争和消费者行为的变化都可能影响公司的未来收益，使得准确预测变得具有挑战性。总之，“收益资本化”是一个重要工具，帮助投资者根据预期未来利润来确定公司的价值。虽然它提供了一种结构化的估值方法，但必须将此方法与其他财务指标和定性因素结合使用。通过这样做，投资者可以增强对公司真实价值的理解，并做出更明智的投资选择。最终，掌握“收益资本化”的概念可以导致更成功的投资策略和改善投资者的财务成果。