Hino is a young car manufacturer and has yet to make a profit. Tsuyoshi is trying to
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Hino is a young car manufacturer and has yet to make a profit. Tsuyoshi is trying to place a value on Hino’s stock, but it pays no dividends and he obviously cannot calculate a P/E ratio. As a result, he decides to look at other stocks in the automobile manufacturing industry to see if he can find a way to value this company. He finds the following information (based on per-share data in thousands of yen):
Estimate a market value for Hino. Discuss how the estimate could change if Hino was expected to grow much faster than the other automobile manufacturers.
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The estimate could change by a significant amount if Hino wa...View the full answer
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Related Book For 
Fundamentals Of Investing
ISBN: 9780135175217
14th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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