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Maximizing Dividend Value: A Guide to MAB for Growing Companies

Explore why listing on MAB can benefit expanding businesses, learn about valuation models, essential ratios, and investment considerations. Expert advice and personal views shared. Discover the importance of dividend valuation with practical examples from Telefónica. Contact Juan ST for more information.

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Maximizing Dividend Value: A Guide to MAB for Growing Companies

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  1. BOLSALIA 2010

  2. PRESENTACIÓNJuan ST • Valoración por Dividendos

  3. EL MAB PARA EMPRESAS EN EXPANSIÓN X X

  4. EL MAB PARA EMPRESAS EN EXPANSIÓN

  5. EL MAB PARA EMPRESAS EN EXPANSIÓN

  6. POR QUÉ COTIZAR EN EL MAB

  7. Asesor Registrado DESIGNACIONES Proveedor de Liquidez

  8. EXIGENCIAS

  9. INVERSOR EN EL MAB X

  10. OPINIÓN PERSONAL

  11. DUDAS ¿Por qué salir al MAB?

  12. ALTERNATIVAS previas al MAB

  13. MAB tiene sentido cuando…

  14. Y cuando… Valor Precio

  15. ADVERTENCIAS

  16. CONSEJO PERSONAL

  17. VALORACIONES

  18. Valoración Empresas MAB

  19. Valoración Empresas MAB

  20. …preguntas…

  21. VALORACION POR DIVIDENDOS

  22. Valoración por Dividendos

  23. D P = k - g Valoración por Dividendos

  24. Ratios importantes • Pay Out = 50% - 75% • Div. Total / FCF = 50% - 70% • EBITDA / Dividendos > 3 veces • Deuda Neta / EBITDA < 2 veces

  25. Valoración por Dividendos Telefónica • Dividendo 2010 = 1,40 euros • k = 9% • g = 0% 1,40 P = = 15,56 € 0,09 Cierre viernes 7 mayo: 15,36 €

  26. Muchas gracias juanst@juanst.comwww.juanst.com

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