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erin_hi1990 · 2023年07月09日

为什么是加上restructuring charge 而不是减去?

NO.PZ2023032701000078

问题如下:

Gast asks Hughes to calculate the trailing and forward price/earnings multiples based on core earnings. Hughes uses the data in Exhibit 2 for his calculations for WPR.

S&P 500 expected EPS growth rate is 8%

Following Gast’s recommended approach, the forward P/E multiple that Hughes calculates for Western Plains Rail is closest to:

选项:

A.

14.2×

B.

15.5×

C.

14.5×

解释:


为什么是加上restructuring charge 而不是减去?

1 个答案

王园圆_品职助教 · 2023年07月09日

同学你好,因为restructuring charge是NI前扣除的,但是这个费用不是经常性费用,属于non-recurring items ,在计算公司的core EPS的时候,必须把这种非经常性项目剔除——对于导致NI减少的项目就是加回,对于导致NI增加的项目就减去

重组费用使正常的NI显得偏低,所以需要加回

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