ruby5ltc · 2023年09月21日
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×
15.5×
14.5×
解释：
EI为什么不是3.6*（1+8%*1.15）+3.6*2%
王园圆_品职助教 · 2023年09月22日
同学你好，你和正确答案之间的差距，就是"restructuring cost加回计算core EPS 的时候，应该以0时刻的EPS加回，还是以EPS1来加回"这个点不一致
但是这是很好理解的，请看以下题目关于restructuring cost描述的截图，既然题目说的是预期的restructuring cost，都不用特别强调我们也应该知道，这个restructuring cost计算肯定是以明年的EPS为基准计算的，不可能用今年的EPS计算哦
财务里会有关于财务预测相关的题目，你后面做到了就会知道，这些预测的I/S表费用值，都必须用预测那一年的sales作为基准值计算计算的，不可能用0时刻的值作为基准值计算
NO.PZ2023032701000078 问题如下 Gast asks Hughes to calculate the trailing anforwarprice/earnings multiples baseon core earnings. Hughes uses the ta in Exhibit 2 for his calculations for WPR. S P 500 expecteEPS growth rate is 8%Following Gast’s recommenapproach, the forwarP/E multiple thHughes calculates for Western Plains Rail is closest to: A.14.2× B.15.5× C.14.5× 题目明确说了明年预计要有2%的重组费用，明年的EPS也是根据今年（今年并没有重组费用）正常经营的EPS预测出来的。我觉得这道题出错了。误导对这个知识点的理解
NO.PZ2023032701000078问题如下 Gast asks Hughes to calculate the trailing anforwarprice/earnings multiples baseon core earnings. Hughes uses the ta in Exhibit 2 for his calculations for WPR. S P 500 expecteEPS growth rate is 8%Following Gast’s recommenapproach, the forwarP/E multiple thHughes calculates for Western Plains Rail is closest to: A.14.2×B.15.5×C.14.5× 不是应该选用剔除non- recurring的数据吗？
NO.PZ2023032701000078问题如下 Gast asks Hughes to calculate the trailing anforwarprice/earnings multiples baseon core earnings. Hughes uses the ta in Exhibit 2 for his calculations for WPR. S P 500 expecteEPS growth rate is 8%Following Gast’s recommenapproach, the forwarP/E multiple thHughes calculates for Western Plains Rail is closest to: A.14.2×B.15.5×C.14.5× 为什么是加上restructuring charge 而不是减去？
