Valuation of Common Stock

Value of equity 8,737 year Market value of

Shares
Common shares 386 2011 223
outstanding 2012 67
Value of equity per 12 2013 16
share 2014 78
2015 29

Intrinsic Value < Market Value

 General Reasons

 Demand and supply

 Risk
 Dividend
 Other Reasons
Net Profit Margin Turnover

Net Profit Margin Turnover

16
14
12
10
8
6
4
2
0
e ar 011 012 013 014 015 016 017 018 019 020
Y 2 2 2 2 2 2 2 2 2 2
Net Working Capital Turnover

Net working capital turnover

4
3.5
3
2.5
2
1.5
1
0.5
0
2011 2012 2013 2014 2015 2016 2017
Fixed Assets Turnover

Fixed Assets Turnover

0.62
0.6
0.58
0.56
0.54
0.52
0.5
0.48
0.46
2011 2012 2013 2014 2015 2016 2017