2. Capital pricing model: It should be called capital asset pricing model, which is a method to calculate the expected rate of return (i.e. capital pricing) according to the risk, market rate of return and risk-free rate of return of the target stock, and it is also markowitz's theory. For details, please refer to/wiki/%E8% B5% 84% E6% 9c% AC% E8% B5% 84% E4% BA% A7% E5% AE% 9A% E4% BB% B7% E6% A8% A1%E5%. In addition, the applicability of this model in China capital market is still under discussion, and now the theoretical circle tends to be invalid.
3. Return on shareholders' equity: commonly known as return on net assets, abbreviated as ROE, equal to net profit/average net assets.
4. P/E ratio: price per share/earnings per share.
5. Financial leasing: It should be financial leasing. Different from business leasing, financial leasing is actually a means of financing, but it does not have the essence of leasing. For an example that is not rigorous, it is equivalent to buying equipment by stages. The equipment is recognized as a fixed asset on the book, but the purchase cost is not paid in one lump sum, but is paid to the nominal owner of the equipment in installments in the name of "rent".
6. Marginal capital cost rate: Under the current capital structure, it is necessary to bear the cost of new capital.
7. Capital structure: usually refers to the ratio between debt capital and equity capital of an enterprise.
8. Operational risk: This concept has a wide scope and there is no strict definition. It is usually explained by enumeration. For example, the economic losses and legal risks caused by unqualified product quality, the impact of raw material price fluctuations, etc. Risk refers to the uncertainty in the future, and business risk can be understood as the uncertainty faced in the business process.
9. Benchmarking benefit: It should be "leverage" benefit, which refers to the proportion of the company's fixed costs in the total costs. At a certain fixed cost, the higher the company's sales, the greater the company's profits. On the contrary, the lower the sales volume, the less the profit.
10. Financial risks: compared with operational risks, such as failure to repay due loans, interest rate fluctuations, exchange rate fluctuations and other risks.
1 1. Advantages of financial benchmarking: it is also a lever, not a benchmark. Refers to the use of debt financing as a lever to bring additional benefits to business owners.
12. Short-term financing amount: it should be "coupon" rather than "quantity". Refers to the securities issued by enterprises in the inter-bank bond market (that is, purchased by domestic banks, not issued to the society) and traded under the agreement of repaying the principal and interest within one year.
13. Fixed equity payment rate policy: it should be a fixed "dividend" payment rate policy, which means paying dividends at a fixed rate every year, and it is a dividend distribution policy.
14 stable dividend policy: it is also a dividend policy, which refers to the distribution of a fixed amount of dividends every year.