我国发行的每股股票的面额均为一元人民币?什么意思?
那为什么现在的股票,竟然有几十元一股的。
推荐回答(4个)
首先纠正一下,国内并不只发行面额一元的股票。紫金矿业的面额是0.1元。
其次,股票的面额和价格没有必然联系,只表征企业最后一次注册时的注册资产数量。企业经过发展,其营运资本扩大,就会产生资产溢价,所以你可以看到多数企业的净资产都在1元以上。不同的企业净资产不一样,盈利能力也不一样。而股票价格又是企业未来现金流的贴现值,其价值在于持券人(股东)可以得到现金分红。
比如贵州茅台,每股120多块。贵州茅台每股每年能有6-7块的业绩,并且每年在以30%的速度增长,同时还会有很多现金分红,同时账面上还有5块钱没有负债的现金。也就是说你现在买它就是买到这个企业未来长期发展能给你带来的分红权利。
然而,股票市场远远不是这么简单,由于大众对股票本身并不了解,而且总是很傻很天真而且很自信,还很情绪化。所以很容易放大对于企业的利好因素,也容易放大悲观因素。所以同样的股票,一天一个价。市场价格是随机游走的,但最终都是沿着价值的方向移动的。比如说贵州茅台就不会掉到一两块钱,有道理吧?
不是所有股票实际价格都是1元。
紫金矿业的上市就是每股面值0.1元。
假设我有一个公司净资产是10元。那么上市只能发行10只股票(每股面值1元)。
但是我的发行价不会是每股1元。因为大多数的物体价值都有个高估的做法。
虽然我的公司净值是10元。但是每年我用这个公司还可以创造出5元的价值来呢。我要是卖公司的话最少也会定个20元的起价。这就是高估。
最后,证监会认同我的说法,(因为公司确实有赢利能力)将我公司的股票发行价定为2元。
被批准上市后,我又用某某手段…………,最后上市开盘当天,我的股最高被拉至10元,停牌警告2次后收盘收在5元每股!
又圈了一大笔钱。我的公司净值又高了。
不过半年。股价被炒到了15元…………!
日复一日,年复一年。多少个故事重复上演!
股票面值是作为股份载体的股票的票面价格,是人为设定的结果,与股票的价值并无直接关系.而发行价格的高低与它发行时每股的净资产和每股收益是密切相关的,好比有一家公司净资产为60亿元,上年的净利润为15亿元,现在打算发行10亿股票,那它的每股净资产为6.00元,每股收益为1.50元;假设以20倍市盈率发行的话,发行价就是:30元;如它打算发行20亿股,那它的净资产和每股收益就会减半,变为:3.00元和0.75元,用20倍市盈率计算,发行价就是15元;但是请留意,无论是以30元或15元来发行,发行后它的总市值是一样的,都是300亿元,不同的只的总股本多了一倍,所以发行价的高低是与每股的内在价值有关,与面值没关系,而且也并不代表些什幺特别意思,仅仅是以同样的面值来发行,里面的价值不同了,发行价就不同而已,并不代表公司的好与差或者别的什么意思!
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