Re: EPS in action (简单介绍EPS)
Reply #10 - 04/06/07 at 22:14:10 Quote
Diluted EPS 公式 简单的说 ＝adjusted income available for common shares/(weighted-average common+potential )common shares outstanding。看上去有一点晕，不要着急，慢慢把它分解了说。
先说分子：Adjusted income available for common shares= Net income-preferred dividend[和basic EPS 一样]＋convertible preferred dividends[因为都要转成普通股票了，这部分的dividends要加回去]＋convertible debt interest(1-t)[一般来说这里的convertible debt,是指convertible bonds,都要转成普通股票了，当然interest要加回去，t这里代表是税率，为什么要税后的，那都是因为net income是税后的。]
再说分母，看上去有点复杂，慢慢看Tongue：(weighted-average common+potential )common shares outstanding＝weighted average shares[和basic EPS 是一样的]+shares from conversion of convertible preferred shares【是指那些转换的preferred stock，对应分子的convertible preferred dividends】+shares from conversion of convertible debt【是指有多少债券转成了普通股票，对应分子的convertible debt interest(1-t)】+shares issuable from stock options【是指多少option 或者 warrants 执行 变成普通股票的数目】
Re: EPS in action (简单介绍EPS)
Reply #11 - 04/06/07 at 23:04:04 Quote
Quote from 孔子 on 04/04/07 at 12:49:29:
记住 Basic EPS>= Diluted EPS，如果反之，那么一定算错了。
先说到这里，明天再聊聊它的具体算法吧。休息一下！ Wink
A bit disaggree with you. If diluted EPS is more than the basic EPS, the convertible bonds are antidilutive and should not be treated as common stock in computing diluted EPS.
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