英国LSE mianmarket 5企业portfolio 分析
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Average yearly return
Average yearly return= 10.7%
Required Rate of Return
Required Rate of Return= Risk Free Rate+ [ß*(Market Return-Risk Free Rate)]
Risk free rate: 0.37%
Average yearly return
Averageyearly return= 8.25%
Required Rate of Return
Required Rate of Return= Risk Free Rate+ [ß*(Market Return-Risk Free Rate)]
Risk free rate: 0.37%
Average yearly return
Average yearly return= 18.34%
Required Rate of Return
Tocalculate the Required Rate of Return we can use the capital asset pricing model (CAPM)
Secondß is Beta we have already found out.
Finally determine the market return, we are going to use the average yearly return which we calculated above this formula as the market return.(All the formula below will follow this explain)
BP PLC (BP.L)
798059
HSBC Holdings PLC (HSBA.L)
540528
Johnson Matthey PLC (JMAT.L)
70FPS6
Marshalls PLC (MSLH.L)
012BV2
Tesco PLC (TSCO.L)
884709
1BP PLC (BP.L) -LSE Ticker: 798059
ቤተ መጻሕፍቲ ባይዱ1.2Data
Share price on 31 DEC 2004:508.00
Shareprice on 28 MAR 2014:484.15
Shareprice on 8 APR 2014:477.20
Whole period chart
Dividendspaid & Betas
1.3Calculate:
ß: 1.14
Market return: 10.7%
Required Rate of Return=12.15%
3Johnson Matthey PLC(JMAT.L) -LSE Ticker: 70FPS6
3.1Chosen Reason
Since2005,Johnson Matthey’s share pricehasrisenmore than 211% ( ).Followingthewhole period chartbelow, the ROE is increasing either.Johnson is planning todeveloping markets of China, India and Brazil which will make this companyenlarge its scalein Chemicals industry.
Required Rate of Return= Risk Free Rate+ [ß*(Market Return-Risk Free Rate)]
Firstwe need to estimate the risk free rate (RFR) and we are going to use 3-months UK government bonds yield as the RFR in this report.
2.2Data
Share price on 31 DEC 2004:879.00
Shareprice on 28 MAR 2014:611.00 Shareprice on 8 APR 2014:605.00
Whole period chart Dividendspaid & Betas
2.3Calculate:
Required Rate of Return= Risk Free Rate+ [ß*(Market Return-Risk Free Rate)]
Risk free rate: 0.37%
ß: 1.57
Market return: 18.34%
Required Rate of Return= 28.58%
Atthe beginning of this year, as theeconomic recovery,London stock marketwalks steadily gradually, however not only UKbut the whole Europeeconomics were under the impact of Ukraine’s tense situation. During this period, it might worth to take some riskto invest on stock. In this report,we are going to analysis theportfolio which include 5 companies, Oil & Gas Producers BP PLC, Banks HSBC Holdings PLC, Chemicals Johnson Matthey PLC,Construction & MaterialsMarshalls PLC andFood & Drug RetailersTesco PLC.
2HSBC Holdings PLC (HSBA.L) -LSE Ticker: 540528
2.1Chosen Reason
Asone of the world’s largest banking and financial services organisations (About HSBC, 2014), HSBC get a stable performance which worth tohold for a long period. Besides,during recent half year, the share price of HSCB keptfalling, it may not be the lowest price in recent future and thereforethe investors should keep focus on this companyand decide when tomake the deal.
1.1Chosen Reason
Asthe mostsignificantraw material inhuman life - oil,the soft gold, its price keeps increasing in the world.ThereforetheOil & GasCompaniesget a huge of profitand theywill still get more in a long period. So we chose one of the biggest oil company – BP PLC as our first stock.
3.2Data
Share price on 31 DEC 2004: 1,020.91 Shareprice on 28 MAR 2014:3,250.00 Shareprice on 8 APR 2014:3,178.00
Whole period chart
Dividendspaid & Betas
3.3Calculate:
Average yearlyreturn
Average yearly return=15.95%
Required Rate of Return
Required Rate of Return= Risk Free Rate+ [ß*(Market Return-Risk Free Rate)]
5.2Data
Share price on 31 DEC 2004:321.75 Shareprice on 28 MAR 2014:297.80 Shareprice on 8 APR 2014:287.85
Whole period chart
Dividendspaid & Betas
5.3Calculate:
ß: 1.13
Market return: 8.25%
Required Rate of Return=9.27%
5Tesco PLC (TSCO.L) -LSE Ticker: 884709
5.1Chosen Reason
As one of the world’s largest retailers with over 530,000 colleagues(About Us Tesco, 2014), during recent 10 years, Tesco performed stably. Although the stock does not bring aconsiderablereturn,this is afeasibleoptionto avoidrisk and hold for long term.
Average yearly return
Average yearly return= 14.75%
Required Rate of Return
Required Rate of Return= Risk Free Rate+ [ß*(Market Return-Risk Free Rate)]
Risk free rate: 0.37%
ß: 0.6959
Market return: 14.75%
Required Rate of Return=10.38%
6FTSE 100
6.1Data
Share price on 31 DEC 2004:4,814.30 Shareprice on 28 MAR 2014:6,615.60 Shareprice on 8 APR 2014: 6,590.70
4.2Data
Share price on 31 DEC 2004: 297.00 Shareprice on 28 MAR 2014:179.50 Shareprice on 8 APR 2014:185.00
Whole period chart
Dividendspaid & Betas
4.3Calculate:
Risk free rate: 0.37%
ß: 1.26
Market return: 15.95%
Required Rate of Return= 20.00%
4Marshalls PLC (MSLH.L) -LSE Ticker: 012BV2
4.1Chosen Reason
Marshallspresenteda wonderful performance before 2008, howeverthe scandal of using childrenlabourand unfair trade impacted this company a lot.Although Marshalls does not perfume as well as before,Ireallyappreciatewhat Marshalls deal with this issue, so do the customersotherwise the share price will not increase. This is a good chance to invest in rock-bottom.
Average yearly return= 10.7%
Required Rate of Return
Required Rate of Return= Risk Free Rate+ [ß*(Market Return-Risk Free Rate)]
Risk free rate: 0.37%
Average yearly return
Averageyearly return= 8.25%
Required Rate of Return
Required Rate of Return= Risk Free Rate+ [ß*(Market Return-Risk Free Rate)]
Risk free rate: 0.37%
Average yearly return
Average yearly return= 18.34%
Required Rate of Return
Tocalculate the Required Rate of Return we can use the capital asset pricing model (CAPM)
Secondß is Beta we have already found out.
Finally determine the market return, we are going to use the average yearly return which we calculated above this formula as the market return.(All the formula below will follow this explain)
BP PLC (BP.L)
798059
HSBC Holdings PLC (HSBA.L)
540528
Johnson Matthey PLC (JMAT.L)
70FPS6
Marshalls PLC (MSLH.L)
012BV2
Tesco PLC (TSCO.L)
884709
1BP PLC (BP.L) -LSE Ticker: 798059
ቤተ መጻሕፍቲ ባይዱ1.2Data
Share price on 31 DEC 2004:508.00
Shareprice on 28 MAR 2014:484.15
Shareprice on 8 APR 2014:477.20
Whole period chart
Dividendspaid & Betas
1.3Calculate:
ß: 1.14
Market return: 10.7%
Required Rate of Return=12.15%
3Johnson Matthey PLC(JMAT.L) -LSE Ticker: 70FPS6
3.1Chosen Reason
Since2005,Johnson Matthey’s share pricehasrisenmore than 211% ( ).Followingthewhole period chartbelow, the ROE is increasing either.Johnson is planning todeveloping markets of China, India and Brazil which will make this companyenlarge its scalein Chemicals industry.
Required Rate of Return= Risk Free Rate+ [ß*(Market Return-Risk Free Rate)]
Firstwe need to estimate the risk free rate (RFR) and we are going to use 3-months UK government bonds yield as the RFR in this report.
2.2Data
Share price on 31 DEC 2004:879.00
Shareprice on 28 MAR 2014:611.00 Shareprice on 8 APR 2014:605.00
Whole period chart Dividendspaid & Betas
2.3Calculate:
Required Rate of Return= Risk Free Rate+ [ß*(Market Return-Risk Free Rate)]
Risk free rate: 0.37%
ß: 1.57
Market return: 18.34%
Required Rate of Return= 28.58%
Atthe beginning of this year, as theeconomic recovery,London stock marketwalks steadily gradually, however not only UKbut the whole Europeeconomics were under the impact of Ukraine’s tense situation. During this period, it might worth to take some riskto invest on stock. In this report,we are going to analysis theportfolio which include 5 companies, Oil & Gas Producers BP PLC, Banks HSBC Holdings PLC, Chemicals Johnson Matthey PLC,Construction & MaterialsMarshalls PLC andFood & Drug RetailersTesco PLC.
2HSBC Holdings PLC (HSBA.L) -LSE Ticker: 540528
2.1Chosen Reason
Asone of the world’s largest banking and financial services organisations (About HSBC, 2014), HSBC get a stable performance which worth tohold for a long period. Besides,during recent half year, the share price of HSCB keptfalling, it may not be the lowest price in recent future and thereforethe investors should keep focus on this companyand decide when tomake the deal.
1.1Chosen Reason
Asthe mostsignificantraw material inhuman life - oil,the soft gold, its price keeps increasing in the world.ThereforetheOil & GasCompaniesget a huge of profitand theywill still get more in a long period. So we chose one of the biggest oil company – BP PLC as our first stock.
3.2Data
Share price on 31 DEC 2004: 1,020.91 Shareprice on 28 MAR 2014:3,250.00 Shareprice on 8 APR 2014:3,178.00
Whole period chart
Dividendspaid & Betas
3.3Calculate:
Average yearlyreturn
Average yearly return=15.95%
Required Rate of Return
Required Rate of Return= Risk Free Rate+ [ß*(Market Return-Risk Free Rate)]
5.2Data
Share price on 31 DEC 2004:321.75 Shareprice on 28 MAR 2014:297.80 Shareprice on 8 APR 2014:287.85
Whole period chart
Dividendspaid & Betas
5.3Calculate:
ß: 1.13
Market return: 8.25%
Required Rate of Return=9.27%
5Tesco PLC (TSCO.L) -LSE Ticker: 884709
5.1Chosen Reason
As one of the world’s largest retailers with over 530,000 colleagues(About Us Tesco, 2014), during recent 10 years, Tesco performed stably. Although the stock does not bring aconsiderablereturn,this is afeasibleoptionto avoidrisk and hold for long term.
Average yearly return
Average yearly return= 14.75%
Required Rate of Return
Required Rate of Return= Risk Free Rate+ [ß*(Market Return-Risk Free Rate)]
Risk free rate: 0.37%
ß: 0.6959
Market return: 14.75%
Required Rate of Return=10.38%
6FTSE 100
6.1Data
Share price on 31 DEC 2004:4,814.30 Shareprice on 28 MAR 2014:6,615.60 Shareprice on 8 APR 2014: 6,590.70
4.2Data
Share price on 31 DEC 2004: 297.00 Shareprice on 28 MAR 2014:179.50 Shareprice on 8 APR 2014:185.00
Whole period chart
Dividendspaid & Betas
4.3Calculate:
Risk free rate: 0.37%
ß: 1.26
Market return: 15.95%
Required Rate of Return= 20.00%
4Marshalls PLC (MSLH.L) -LSE Ticker: 012BV2
4.1Chosen Reason
Marshallspresenteda wonderful performance before 2008, howeverthe scandal of using childrenlabourand unfair trade impacted this company a lot.Although Marshalls does not perfume as well as before,Ireallyappreciatewhat Marshalls deal with this issue, so do the customersotherwise the share price will not increase. This is a good chance to invest in rock-bottom.