What is your view of the following companies?

Company Share price 2020 EPS

(€)2021e 2022e Payout Yield EPS growth

(2020–2022)

BV/S P/E 2021 Beta Glencore (£) 3.12 –

0.14 0.42 0.38 n.s. 6.1% n.s. 2.83 7.4 1.87 Ahold-

Delhaize (€)

22.84 1.30 1.83 1.90 69% 5.5% 21% 11.7 12.5 0.43 Tesla ($) 663.5 2.24 4.47 6.16 0% 0.0% 66% 23.5 148.4 2.00 The risk-free rate is –0.3%. The market risk premium is 8%.

AppendixLO1