sh.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Finns det ett samband mellan börsnoterade företags resultat och dess värdering?
Södertörn University, School of Business Studies.
Södertörn University, School of Business Studies.
2012 (Swedish)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

Background: What is a share and what determines the value of a company? This is a constant issue that many in the financial world are facing. Many argue that there has been some decoupling between stock valuation and how the company in question is developing operationally after the financial crisis that the world faced during 2008-2009.

Problem: It is important to distinguish between the company and the share. A company that is good and well maintained may not be worth buying only because of it. The share is judged by other elements also. It can be a problem when people doesn´t make this distinction.

Purpose: The purpose of this paper is to test the following hypothesis: The higher operating profit (performance) a company has, the higher will the valuation for the share on the market be.

Question: Is there a relationship between a listed company's operating performance and its share valuation?

Method: In our study we will focus on figures from annual reports, called "hard" data and therefore it is most natural to make use of the quantitative research approach. One reason that we chose the deductive approach is that it usually forms the basis for our research strategy.

Theory: We use key performance indicators that measure the operational development of the business and sets them against the key indicators for the stock valuation. The following ratios are used for operational activities; Solidity, revenue growth, return on equity and return on capital employed. The figures for stock valuation is EV/EBIT and P/E-ratio.

Conclusion: There is a weak positive correlation between a company's operational development and its share valuation, but it is very weak when looking at a sample group as a whole. In individual cases, there is relatively strong correlation.

Place, publisher, year, edition, pages
2012. , 61 p.
Keyword [sv]
P/e-tal, EV/EBIT, räntabilitet på sysselsatt kapital, räntabilitet på eget kapital
National Category
Business Administration
Identifiers
URN: urn:nbn:se:sh:diva-17086OAI: oai:DiVA.org:sh-17086DiVA: diva2:555413
Subject / course
Business Studies
Presentation
2012-09-19, 22:54 (Swedish)
Uppsok
Social and Behavioural Science, Law
Supervisors
Examiners
Available from: 2012-09-20 Created: 2012-09-19 Last updated: 2012-09-20Bibliographically approved

Open Access in DiVA

fulltext(20340 kB)156 downloads
File information
File name FULLTEXT01.pdfFile size 20340 kBChecksum SHA-512
0cd7e806318cd1913867003b94f232d058c93f81cf053acb64f32efa4216f84b002c2d73bf2d6111da0654c79c85b9675ab787fb22cd085d3dc233dc98eb11bb
Type fulltextMimetype application/pdf

By organisation
School of Business Studies
Business Administration

Search outside of DiVA

GoogleGoogle Scholar
Total: 156 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 214 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf