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Cosmetic
Reason for choosing 3companies
Introducing companies
Suggest Ratio
Conclusion
1. Amore Paicific
2. Able C&C
3. Coreana
1. ROE
2. EPS
3. Dividend yield
4. NPM.
5. Inventory Turnover
6. dept/equity ratio
Reason for choosing 3 companies
Why did we choose these 3 companies
Introducing companies
Amore Pacific
Established : 1945. 09
IPO : 2006. 06. 29
Brand : 25 brands including HERA,
Innisfree, ¼³È¼ö, Etuide and so on
Overseas business : 8 countries
including the U.S. and France
Able C&C
Established : 2000. 01
IPO : 2005. 02
Brand : 3 brands including
Missha, A¡¯pieu, Beautynet
and so on
Overseas business : 12 countries
Including Hongkong and Japan
Coreana
Established : 1988. 11. 15
IPO : 1999. 12. 08
Brand : 16 brands including
Coreana, Zain, Çѹæ¹ÌÀÎ and so on
Overseas business : China
Suggest Ratio
Return on Equity
Net Income / Average Total Equity
Showing
How efficiently company use¡¦(»ý·«)
ve insurance fee and storage fee
Too High Inventory Turnover
1. Possibility in Lack of inventory
Cost of Goods Sold/Average Inventory
Inventory Turnover
Debt/equity ratio
The relative proportion of shareholders` equity and debt.
Debt/Equity ratio
1. Debt/Equity ratio below 100% is ideal
2.Over 100% ¡æ bad finance structure
(Total liabilities/Total equity)100
Debt/equity ratio
Conclusion
Conclusion
Ratio
Weighted(%)
ROE
18.3
EPS
18.3
NPM
18.3
Inventory turn over
10
Dept/equity ratio
25
Dividend yield
10
Weighted Average Method
Conclusion
Dept/equity ratio represents company¡¯s financial structure
If Dividend yield & Inventory turnover are too high, they¡¯ll have negative effect on the company.
ROE & EPS & NPM put the same point for each ratios.
Conclusion
Return on Equity
2009
First Half
2009
Maturity
2xxx
First Half
2xxx
Maturity
2xxx
First Half
Amorepacific
12%
19%
13%
18%
10%
Able-c&c
19%
34%
11%
31%
7%
coreana
2%