CorpFinance

Question 1

CAPM (Capital Asset Pricing Model)

Answer 1

The Capital Asset Pricing Model (CAPM) describes the relationship between systematic risk, or the general perils of investing, and expected return for assets, particularly stocks.

​ERi ​ =Rrf ​ + βi * (ERm ​ − Rrf​ )
where:
ERi =expected return of investment
Rrf​ =risk-free rate
βi​ =beta of the investment
(ERm ​ − Rrf)=market risk premium ​

βi>1 - asset is riskier than the market; βi<1 asset is less riskier that the market

https://www.investopedia.com/terms/c/capm.asp

Question 2

WACC

Answer 2

Weighted average cost of capital (WACC) represents a firm’s average after-tax cost of capital from all sources, including common stock, preferred stock, bonds, and other forms of debt. WACC is the average rate that a company expects to pay to finance its assets.

Question 3

GGM (Gordon growth model)

Answer 3

The Gordon growth model (GGM) is a formula used to determine the intrinsic value of a stock based on a future series of dividends that grow at a constant rate.

P = (D1)/(r – g) ​ ​
where:
P = Current stock price
g = Constant growth rate expected for dividends, in perpetuity
r = Constant cost of equity capital for the company (or rate of return)
D1 ​= Value of next year’s dividends ​

https://www.investopedia.com/terms/g/gordongrowthmodel.asp

Question 4

DRP (Dividend Payout Ratio)

Answer 4

Ratio of the total amount of dividends paid out to shareholders relative to the net income of the company

Dividend Payout Ratio = Dividend

Question 5

NPV

Question 6

IRR

Question 7

MIRR

Question 8

DPP

Question 9

PI (Profitability Index)

Question 10

ARR

Question 11

PB (Pay Back)

Question 12

APV

Question 13

EVA

Question 14

ROV

Question 15

FCF

Question 16

EBIT

Question 17

EBITA

Question 18

EVA

Question 19

NOPAT

Question 20

IC (invested Capital)

Question 21

RRR (Required Rate of return)

Question 22

DF

Answer 22

Коэффициент дисконтирования – это сегодняшняя стоимость 1 доллара полученного в будущем

DF=1/(1+r)

где r - норма доходности

Question 23

PV

Answer 23

Дисконтированная стоимость или приведенная стоимость (Present Value) отражает сегодняшнюю ценность предстоящего платежа

PV = DF × C1

где C1 – ожидаемыйдоход, в период 1 (год спустя)

Question 24

ROI

Question 25

FCFF

Answer 25

FCFF (Free cash flow to the firm) – денежный поток, после выплаты всех операционных расходов

FCFF = CFO + %расходы × (1- налоговая ставка) - капитальные инвестиции

Question 26

ROMI

Answer 26

ROMI (return on marketing investment) – позволяет оценить рентабельность вложений в маркетинг
и мероприятия по увеличение сбыта

Question 27

ROAS

Answer 27

ROAS (return on ad spend) отражает рентабельность затрат на рекламу. Позволяет рассчитать
сумму дохода на вложенный пиастр.

ROAS=Доход от рекламной компании/Расход на рекламную компанию

Question 28

VTR

Answer 28

VTR (view-through rate) – метрика, которая отражает степень привлекательности рекламного объявления

Question 29

CTR

Answer 29

CTR (click-through rate) — показатель кликабельности, позволяет оценить эффективность рекламного элемента