高盛对中石油的估价模型

投行人生

高盛对中石油的估价模型 内容简介Income from Operations (EBIT)
   Exploration & Production
   Refining & Marketing
   Chemicals
   Natural  gas
   Other
   Total
Financing costs
   Net exchange gain/(loss)
   Interest income
   Interest expense
   Total
Income from equity affiliates
Pretax income
   Income taxes
Income before minority interests
(Income)/loss applicable  to
   minority interests
Net Income
Cash flow
EBITDA
EBIDA
Corporate
Assets (%)
  Upstream
  Downstream
  Chemicals
  Natural gas
% assets international
1999E ROACE
Net debt/equity
Announced cost cutting as a %
  of 1999 net income
Management incentives
Downstream
Refining capacity ('000 B/D)
Barrels sold ('000 B/D)
  5 year hist. growth (CAGR) (%)
  5 year est. growth (CAGR) (%)
Est. capacity closures (%)
RONFA 1999E (%)
Reinvestment ratio ('00-04E) (%)
% of capex ('00-04E)
Cost cutting/bbl sold (US$/bbl)
% capacity in home market
% market share

狡兔

有点高深的DD，纯支持了

xiaozhuman

很好的学习材料。
我也经常用EBITDA/EBIT进行公司估值，做好的话不容易，与使用者的经验、判断存在着非常大的关系。

hahaer99

very good,thanks

belljang

好东西 严重支持!!

tdi888

谢谢了，价格评估体系是定价的基础

azulprofundo

谢谢了，价格评估体系是定价的基础

veronica_liu

很好的模型，非常有用。像高盛这样的公司他们的过人之处就是能够利用强大的研究中心、数据支持和敏锐的行业判断力找到影响模型结果的关键因素，探究其可行性和敏感性。