[心得] A Comparison of Four Listed Companies

使用數據整理：

• 資本結構
  
  • 當年底股價
    
  • 在外流通普通股股數
    
  • 普通股市值
    
  • 公司債及優先股
    
  • 總資本額
    
• 損益表項目
  
  • 當年營業收入
    
  • 當年毛利
    
  • 當年 EPS
    
  • 近三年 EPS
    
  • 次三年 EPS
    
  • 次次三年 EPS
    
  • 當年股利
    
• 資產負債表項目
  
  • 流動資產
    
  • 流動負債
    
  • 營運資金
    
  • 每股帳面價值
    
• 財務比率
  
  • 當年 PER
    
  • 近三年 PER
    
  • P/B
    
  • 毛利率
    
  • Net per share to book value
    
  • 股利收益率 (參考 S&P 500 Dividend Yield)
    
  • 流動比率
    
  • Working capital to debt
    
  • 近三年比歷年之盈餘成長率
    
  • 近三年比次三年之盈餘成長率
    
• 股價
  
  • 歷年最低、最高價
    
  • 當年最低、最高價
    

分析項目：

• Profitability：Net per share to book value、毛利率
• Stability：This we measure by the maximum decline in pershare earnings in any one of the past ten years, as against the average of the three preceding years (No entiendo)
  
• Earning Growth
• Financial Position：流動比率、長期負債
• Dividends
• Price History

七大篩選標準：

• Adequate size.
• A sufficiently strong financial condition.
• Continued dividends for at least the past 20 years.
• No earnings deficit in the past ten years.
• Ten-year growth of at least one-third in per-share earnings.
• Price of stock no more than 11⁄2 times net asset value.
• Price no more than 15 times average earnings of the past three years.