標題: 美股PBI Pitney Bowes Inc. (超高ROE)
邱奕傑
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發表於 2014-1-7 22:28  資料 私人訊息 
美股PBI Pitney Bowes Inc. (超高ROE)
這間公司的ROE也高得太嚇人了吧!有同學了解這間公司的嗎?
用盈再表算出來24%的報酬率相當高呢!

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Brian (Brian)
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59.105.31.55
發表於 2014-1-7 23:20  資料 私人訊息 
我比較好奇股價為何從2011年的26塊掉到2012年的10塊....然後2013年又來一次.

買回股票應該不會造成這現象吧.
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邱奕傑
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發表於 2014-1-7 23:33  資料 私人訊息 
這間公司很特別~除了ROE高之外,配息率也相當高而且盈再表算出來的淑價,比歷年的最高價都還來得高
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victor
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發表於 2014-1-8 09:48  資料 私人訊息 
去年四月因巴菲特同學推薦.,自己也下去買..目前約70%報酬..是去年買入美股個股中,報酬率最高..也是最驚訝的個股..
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mikeon88
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發表於 2014-1-8 10:56  資料 主頁 文集 私人訊息 
盈再表﹣修改EPS取法for PBI,
已寄給同學(9?版)

俗貴價的計算(IRR+EPSx12倍)
ROE超高的公司,像YUM、CLX、CL、AAPL、TPX 等,
用IRR計算俗貴價時會跟現在股價差距甚大,
此時改用EPSx12倍來算比較合理,
盈再表已針對這個問題加以改正。

IRR算不出解者,
或NPV / EPSx12算出來的俗價差距大於1.5 (我下的規定),
改用EPSx12來算俗價,EPSx30為貴價。

EPS是比較今年EPS與預期EPS何者跟現在股價接近。
EPS須再考量如台積電,1股ADR=5股2330,
以及匯率

預期報酬 = IRR,若用EPSx12來算 = 0.15x(貴-股價)/(貴-俗)
俗$ = NPV(15%,*:*),若用EPSx12來算 = EPSx12
貴$ = NPV(0%,*:*),若用EPSx12來算 = EPSx30


TPX ROE478%,預期配息率45%
現在股價82.5
用IRR算出來的預期報酬率219%
俗價278,352.8
貴價850,765.9

改用EPSx12倍來算的預期報酬率9%
俗價41.3
貴價137.8

AAPL ROE43%,預期配息率10%
現在股價596.1
用IRR算出來的預期報酬率34%
俗價1,957.5
貴價5,945.1


改用EPSx12倍來算的預期報酬率12%
俗價424.6
貴價1,415.2

顯見改善後比較合理


From: tw54585
發表於 2012-5-23 22:19

最近按了盈再表發現一些問題
就是在改預期ROE時
中碳由34%改為7%
預期報酬率反而變高


From: mikeon
發表於 2012-5-24 07:54


預期ROE由34%改成7%時,
IRR算不來改由EPSx12倍來算預期報酬率

IRR算不出來,因為預期ROE若僅7%,
股價竟高達131元,
貴到超出IRR的計算範圍

這個bug目前無解


Yuhuei  於 2013/10/22 下午12:58 寫道:

想請問一下,以下預期報酬率之算法,為何要乘0.15
預期報酬若用EPSx12來算 = 0.15x(貴-股價)/(貴-俗)


mikeon88 發表於 2013-10-22 13:12  

因便宜價的預期報酬率是15%,貴是0%


mikeon88 發表於 2014-1-1 16:47  

「IRR算不出解者
或NPV / EPSx12算出來的俗價差距大於2 (我下的規定),
改用 EPSx12來算俗價,EPSx30為貴價」

宥聰桑建議把2改成1.5,
如此算出來的便宜價比較合理。












mikeon88 發表於 2014-1-8 10:22  

EPS取法改成比較今年EPS與預期EPS何者跟現在股價接近




參閱:貴價PER由40倍調為30倍
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missionkong
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發表於 2014-1-8 11:14  資料 私人訊息 
Mike 你好我沒有收到更新後的版本  可否再寄一次
另外請教一個問題 在台股盈再表裡
預期ROE的取法 是像你先前講的方式
http://mikeon88.blogspot.tw/2009/05/roe.html
1. 向下(即今年ROE<平均ROE)      (3x今年ROE+平均ROE)/4
但如果嘗試修改常利的數字時 會發生當年的ROE會變化
但預期ROE卻不會改變 這個地方是不是有問題呢??
煩請Mike釋疑 謝謝
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mikeon88
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發表於 2014-1-8 11:28  資料 主頁 文集 私人訊息 
missionkong,盈再表寄出。
因預期ROE是用程式抓過去的,非公式設定。
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hyc (Shangri-La)
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113.80.109.203
發表於 2014-3-26 20:41  資料 私人訊息 
今日因為IBM新聞的關係, 發現這家公司, 企業其中之一的經營模式還蠻有趣的.(因人在國外, 有同學可以幫忙分享一下營再表嗎?)
http://www.pitneybowes.com.cn/china-zh/index.aspx?page=products-and-solutions

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George
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發表於 2014-3-27 13:56  資料 私人訊息 
Mike 你好,我也沒有收到更新後的版本  可否再寄一次?
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mikeon88
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發表於 2014-3-27 13:57  資料 主頁 文集 私人訊息 
同學要回鍋或重寄盈再表,
請寫依媚兒給我。

我對外的依媚兒帳號只有 mikeon@ms18.hinet.net
請勿寄到別處,否則一律無效。

請同學理解這項規定,
現代科技還沒進步到可以用其它方法,
如電話、簡訊或留言寄出盈再表。
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jazdisk
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1.165.54.140
發表於 2016-11-1 22:03  資料 私人訊息 
pbi 大跌 -15%
pbi 大跌 -15%
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發表於 2016-11-2 10:56  資料 私人訊息 
What happenedShares of Pitney Bowes (NYSEBI) slumped on Tuesday following the company's third-quarter report. The supplier of mailing and shipping solutions suffered a revenue decline, missed analyst estimates across the board, and gave a disappointing update on full-year guidance. At 11:15 a.m. EDT, the stock was down about 17%.



So whatPitney Bowes reported third-quarter revenue of $839 million, down 4% year over year and about $13 million below the average analyst estimate. Revenue from digital commerce solutions declined by 1%, with strong growth in e-commerce marketplace and retail wiped out by weakness in software solutions and office shipping.
Solutions for small and medium businesses saw a 7% slump in revenue, while enterprise business solutions grew revenue by 1%. Within the enterprise solutions segment, production mail produced a 5% revenue increase, while presort services revenue fell by 2%.
Non-GAAP earnings per share (EPS) came in at $0.44, up from $0.43 during the prior-year period but $0.02 below analyst expectations. GAAP EPS was $0.35, down from $0.44, with restructuring and other one-time costs responsible for the drop.
CEO Marc Lautenbach was upbeat about Pitney Bowes' progress:
We continued to make progress against our strategic initiatives to transform Pitney Bowes. Our new enterprise business platform, which was deployed in the second quarter, continues to provide operational benefits, while our new products and solutions introduced in the second and third quarter tied to the Pitney Bowes Commerce Cloud are resonating well with our clients and gaining traction.
Now whatPitney Bowes now expects to be at the low end of its previously announced annual guidance range for revenue and non-GAAP EPS. The company expects revenue to decline on a constant currency basis by 1% to 3% and for non-GAAP EPS to come in between $1.75 and $1.82. The company produced non-GAAP EPS of $1.75 in 2015.
While Pitney Bowes has been able to maintain its profitability amid slumping revenue, investors punished the stock for coming up short of expectations. Shares have been moving lower since mid-2014, and Tuesday's decline continues that trend.
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winghsu
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發表於 2017-2-2 10:43  資料 私人訊息 
13.14 -2.78 (-17.46%)

After Hours: 13.20 +0.06 (0.46%)Feb 1, 7:25PM EST  NYSE real-time data - DisclaimerCurrency in USD
Range12.41 - 15.08
52 week12.41 - 21.81
Open15.08
Vol / Avg.30.45M/2.69M
Mkt cap2.48B
P/E9.72
Div/yield0.19/5.71
EPS1.35
Shares185.76M
Beta1.33
Inst. own86%



Why Pitney Bowes Inc. Stock Tumbled TodayThe office supplier missed earnings estimates and lowered its guidance for 2017.Jeremy Bowman
(TMFHobo)

Feb 1, 2017 at 1:06PM

What happenedShares of Pitney Bowes, Inc. (NYSEBI) are taking a spill today after the office solutions supplier posted a disappointing fourth-quarter report. As of 11:34 a.m. EST, the stock was down 21.5%.
So whatPitney Bowes said earnings per share improved from 10% to $0.53, but that was short of estimates at $0.58. Revenue in the quarter declined 5% from a year ago to $887 million, missing estimates of $920 million, as the company saw sales fall in all of its product categories except Business Services.
CEO Mark Lautenbach conceded that the results in the quarter were "not what we wanted or expected," though he did say the company closed the year with much of the "heavy lifting" from its transformation initiatives completed.


Now whatWall Street seemed to punish the stock in particular because of weak 2017 guidance, which reflected more conservative guidance thanks to weakness in the Software Solutions segment. Pitney Bowes reduced its full-year EPS guidance from $1.80-$1.95 to $1.70-$1.85, calling for a modest increase from adjusted EPS of $1.68 in 2016.
Pitney Bowes stock never recovered from sharp losses after the recession, and shares have been sliding consistently for three years. The stock is now trading at a P/E of just over 7 with a solid dividend yield near 5%, making it a good bet for dividend investors.
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[ 本帖最後由 winghsu 於 2017-2-2 10:45 編輯 ]
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mikeon88
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發表於 2017-2-2 12:18  資料 主頁 文集 私人訊息 
財報不如預期,股價就跌17%。
相較於美股,台股實在是溫和、理性的市場。
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mikeon88
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發表於 2017-8-18 21:15  資料 主頁 文集 私人訊息 
pouiiu 發表於 2017-8-18 21:11  

pbi 是一家提供物理和數據通信管道等相關整合的軟體、硬體及服務方案的全球性供應商
已達叔價 有人要下手嗎




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