Guide language: The apple is the company of the hottest scienc the best selling canon ef 15mm e and technology on current world undoubtedly, but still the bubble of outstanding achievement existence that somebody suspects this domestic company. Senior analyst of Motley Fool of website of American investment conduct financial transactions Rex Maer (Rex Moore) is written Saturday civil, handle trade praise the healthy state that waits for the data such as intangible assets and tangible to analyse an apple to devel most popular selling brooch pins op backside quickly in the round.
It is article full text below:
mountain t shirtsThere is business of 1.9 billion dollar on malic balance sheet praise with other intangible assets. Sometimes, business praise can foretell a lot of problems of future of a company, be in especially business praise spend a long time, this reflect the ground particularly apparent. But does this one law apply to an apple? Before answering this question, we know business first praise the issue that brings possibly too much.
At the beginning of 2002, wanner of American online times (share price of AOL Time Warner) reachs 66.27 dollars for a time, the capital total on the balance sheet is 209 billion dollar, among them 128 billion dollar with business praise exist with the form of other intangible assets. Business praise be during buying, be bought the quoted price that the company gets and this balance of company net assets. The United States is online when with the times Wanner incorporated 2000, the business of 128 billion dollar praise arise so namely.
Net assets because business praise and the issue that empty tall place brings is, once buy or the magnitude of value that annex expects without generation, the business that serves as intangible assets praise with respect to meeting shr free memory laptop toshiba ink. This kind of circumstance happens in Wanner of American online times to go up personally. In a few months after incorporating, the major business of this company praise disappear, after a year, business praise shrink comes 37 billion dollar. Wanner of Ameri most popular selling memory card digital cameras can online times still is punished by investor, its share price drops all the way to 27.04 dollars, drop adjacent at 60% .
Famous banking analyst rests Yite Haiseman (Hewitt Heiserman canon ef 15mm ) is in " It's Earnings That Count " the United States was analysed in one book online the place at that time, explained at the same time how will carry out bought company venture to fall through two simple index the strategy to lowermost rate. Below, two index that let us pass Haiseman will analyse malic case.
Intangible assets proportion
Intangible assets proportion is to point to business praise the proportion that holds in total assets with other intangible assets. Haiseman says, once this proportion exceeds 20% , can bring terrible issue, "Because manage a layer,may be opposite some or certain generation business praise buy quoted price exorbitant. "Because manage a layer,may be opposite some or certain generation business praise buy quoted price exorbitan t mobile prepaid cards t..
The proportion that at present intangible assets holds in place of malic total assets is 2% , this far under Haiseman the cordon of set, make clear an apple at the same time have the capacity that maintains driving growth. We let have a look at value of tangible Zhang face again below.
Value of tangible Zhang face
Value of tangible Zhang face is to point to from shareholder rights and interests (also call Zhang face value) deduct business praise with value of the rest after other intangibl memory card digital cameras e assets. If result is not to be worth, haiseman suggests people does not invest this kind of company, because they are likely " lack is appearing economic depression or the financial ability that oneself protect when facing the competitor with fund much better condition. Because they are likely " lack is appearing economic depression or the financial ability that oneself protect when facing the competitor with fund much better condition..
Value of tangible Zhang face is 67.4 billion dollar, do not have a problem in this respect so.
Carry incidentally, I ever certain and large blue chip (if Bao Jie, IBM and Altria) apt have tall intangible assets,rate is mixed value of face of negative tangible Zhang has consulted Haiseman. Haiseman thinks, this kind of state is not put in any problems, but premise is this company must accord with the following 3 conditions: Above all, measurable without net debt or net debt; Next, have last, the free cash of constant growth flows; The 3rd, with solid valuable certain discount rate counter-purchases a stock.
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The intangible assets proportion that is company of malic etc science and technology below and value of tangible Zhang face:
Company | Intangible assets proportion | Value of tangible Zhang faceplant lights |
Apple: | 2% | 67 free t mobile prepaid cards 4.3.3 billion dollar |
| satin pjs Gu Ge: | 12% | 439.3.3 billion dollar |
HP: | 37% | 4.419 billion dollar |
Microsoft: | 12% | Forty-three billion seven hundred and fifty-eight million dollar |
Total assets proportion and value of tangible Zhang face are held in intangible assets on two data, the apple looks to be behaved exceedingly good. But everybody does not answer forever basis or two index join some company with respect to home of will whole body, it is other and worth while that I was not offerred really here referenced data. If the company of your research fails to achieve one of two index, the commercial pattern that that must know this company and administrative layer target. (Holy oak)
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