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07:16 Jun 7, 2019 |
German to English translations [PRO] Bus/Financial - Finance (general) / Unternehmensbewertung / Betafaktor | |||||||
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Selected response from: Steffen Walter Germany Local time: 13:24 | |||||||
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Summary of answers provided | ||||
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5 | debt-free |
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4 | unlevered β-factor |
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3 | unlevered [unleveraged] beta / asset beta |
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Summary of reference entries provided | |||
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Das ist WP-Kurzsprech ... |
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unverschuldeter Betafaktor unlevered β-factor Explanation: nowt to do with blameless or 'through no fault of one's own', but rather - in Unternehmensbewertung > going-concern valuation - unindebted'/unlevered to indebted/levered in a-debt-to equity 'leverage' ratio and based on the Hamada (not a Middle Eastern culinary dish): 'The Formula for Hamada Equation is' βL=βU[1+(1−T)(DE)]where:βL=Levered betaβU=Unlevered beta*T=Tax rateD/E=Debt to equity ratio Reference: http://www.investopedia.com/terms/h/hamadaequation.asp Reference: http://ww.controllerakademie.de/wp-content/uploads/2016/08/B... |
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unverschuldeter Betafaktor unlevered [unleveraged] beta / asset beta Explanation: Siehe z. B. https://www.investopedia.com/terms/u/unleveredbeta.asp https://corporatefinanceinstitute.com/resources/knowledge/va... https://www.nasdaq.com/investing/glossary/u/unleveraged-beta |
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debt-free Explanation: debt-free beta factor. What beta factor would be in the debt-free scenario. https://www.linguee.com/english-german/search?source=auto&query=unverschuldeten+Betafaktor |
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34 mins |
Reference: Das ist WP-Kurzsprech ... Reference information: ... für "Beta-Faktor des unverschuldeten Unternehmens". Siehe z. B. https://www.controllerakademie.de/news/controlling/der-beta-... "Finanzierungsstruktur berücksichtigen Wie bereits erwähnt spiegelt sich im Beta-Faktor neben dem Geschäftsrisiko auch das Finanzrisiko (Kapitalstrukturrisiko) wider. Um Betas der Wettbewerber zu erhalten, die nur das Geschäftsrisiko wiedergeben, muss der Einfluss des Finanzierungsrisikos eliminiert werden. Dadurch erhält man Beta-Faktoren bei hypothetischer 100%-Eigenfinanzierung („unlevered / ungehebeltes Beta“) mit [Gleichung] ßu = Beta des unverschuldeten Unternehmens ßv = Beta des verschuldeten Unternehmens t = Ertragsteuersatz des Unternehmens verzinsliches FK/EK = verzinsliches Fremd- / Eigenkapital zu Marktwerten" |
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