Dexia - The beginning of the end
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The document analyzes financial figures and ratios such as income ratio, return on equity, and risk premium from 2005 to 2011. It also discusses the relationship between profitability and stock prices, highlighting significant events in 2008 like the Lehman Brothers collapse. Additionally, it concludes with references to sources for further reading.
Dexia - The beginning of the end
- 1. By Julie Van den Bosch
- 2. Table of contents 1. Figures and ratio’s 2. Relationship 3. Comparison with stock price 4. What happened?
- 3. 1. Figures and ratio’s
- 4. 1. Figures and ratio’s Income ratio Operating expenses Net income = expenses / income Income ratio 140% 120% 100% 080% 060% Income ratio 040% 020% 000% 2005 2006 2007 2008 2009 2010 2011
- 5. 1. Figures and ratio’s Return on equity Profit on equity Return on equity 40% 20% 0% 2005 2006 2007 2008 2009 2010 2011 -20% Return on equity -40% -60% -80% -100%
- 6. 1. Figures and ratio’s Risk premium Compensation of risk = Return on equity – long-term bond 4%
- 7. 2. Relationship Profitability 150% 100% 050% Income ratio Return on equity 000% 2005 2006 2007 2008 2009 2010 2011 -050% -100%
- 8. 3. Comparison with stock price
- 9. 4. What happened? 09 +18/09/2008: Lehman Brothers 30/09/2008: Moody’s 06/02/2010: Plan 04/10/2011: Panic 05/03/2009
- 10. Conclusion
- 11. Sources CARRIJN, L., Bank, beurs en verzekeringen, Gent, Academia Press, 2011, 365 blz. 10th of October, ‘De Tijd’, retrieved from: http://grafieken.tijd.be/60114920 10th of October, ‘Wikipedia’, retrieved from: http://nl.wikipedia.org/wiki/Dexia 10th of October, ‘Dexia’, retrieved from: http://www.dexia.com/NL/aandeelhouder_belegger/individuele_aandeelhouders/publicaties/ Documents/RA_2011_NL.pdf 11th of October, ‘Test Aankoop’, retrieved from: http://www.test-aankoop.be/invest/exploitatiecoefficient-s292870.htm 11th of October, ‘Dexia’, retrieved from: http://www.dexia.com/NL/journalist/persberichten/Documents/20080918_lehman_NL.pdf