CAPM und EVA 2016 Daimler Group

Aufgabe 1a)
Bereinigter Gewinn vor Zi. & St. 12574
t 0.3
NOPLAT 8801.8

Aufgabe 1b) alpha

beta 1.55 0.00

r_f [in %] 2.60

(r_m-r_f) [in %] 4.00
r_E [in %] 8.81

Aufgabe 1c)
r_A [in %] 1.572
p_D 0.002
L 0.6
r_D*(1-t) [in %] 1.016

E 59133
D 183855
WACC [in %] 2.91

Aufgabe 1d)
CE 43419
EVA 7537

Umsatz 153261
EVA/Umsatz [in %] 4.9

Datenreihen:

Anfang (z.B. 01.01.) von Monat Jahr Kurs - Daimler Kurs - DAX
Jan 2012 32.482 6458.910
Feb 34.904 6856.080
Mrz 34.762 6946.830
Apr 32.113 6761.190
Mai 30.270 6264.380
Jun 28.583 6416.280
Jul 32.922 6772.260
Aug 31.539 6970.790
Sep 30.460 7216.150
Okt 29.133 7260.630
Nov 30.714 7405.500
Dez 33.415 7612.390
Jan 2013 34.673 7776.050
Feb 36.929 7741.700
Mrz 34.325 7795.310
Apr 33.977 7913.710
Mai 42.131 8348.840
Jun 39.637 7959.220
Jul 44.527 8275.970
Aug 44.271 8103.150
Sep 49.131 8594.400
Okt 51.536 9033.920
Nov 52.013 9405.300
Dez 53.633 9552.160
Jan 2014 52.977 9306.480
Feb 57.573 9692.080
Mrz 58.485 9555.910
Apr 56.899 9603.230
Mai 61.393 9943.270
Jun 60.248 9833.070
Jul 54.505 9407.480
Aug 54.822 9470.170
Sep 53.492 9474.300
Okt 54.637 9326.870
Nov 59.719 9980.850
Dez 60.750 9805.550
Jan 2015 70.888 10694.320
Feb 76.199 11401.660
Mrz 79.036 11966.170
Apr 76.041 11454.380
Mai 77.214 11413.820
Jun 73.919 10944.970
Jul 73.692 11308.990
Aug 64.882 10315.620
Sep 58.717 9660.440
Okt 71.501 10850.140
Nov 76.716 11382.230
Dez 70.243 10743.010
Jan 2016 58.092 9798.110
Feb 57.132 9495.400
Mrz 61.505 9965.510
Apr 54.950 10038.970
Mai 58.633 10262.740
Jun 51.116 9680.090
Jul 58.088 10337.500
Aug 59.292 10592.690
Sep 59.893 10511.020
Okt 61.995 10665.010
Nov 59.941 10640.300
Dez 67.544 11481.060
Jan 2017 66.235 11535.310
 zu bearbeitende Felder !!!

r_f r_ft r_it

im Monat Umlaufrendite 10 Jahre Umlaufrendite 1 Monat Rendite - Daimler

Jan 2012 3.75 0.00070 0.07457

Feb 2012 3.73 0.00052 -0.00408
Mar 2012 3.70 0.00039 -0.07620
Apr 2012 3.67 0.00034 -0.05741
May 2012 3.64 0.00032 -0.05570
Jun 2012 3.61 0.00032 0.15179
Jul 2012 3.58 0.00018 -0.04200
Aug 2012 3.56 0.00011 -0.03423
Sep 2012 3.53 0.00010 -0.04354
Oct 2012 3.51 0.00009 0.05427
Nov 2012 3.48 0.00009 0.08794
Dec 2012 3.46 0.00009 0.03763
Jan 2013 3.44 0.00009 0.06507
Feb 2013 3.41 0.00010 -0.07051
Mar 2013 3.39 0.00010 -0.01013
Apr 2013 3.37 0.00010 0.23996
May 2013 3.35 0.00009 -0.05920
Jun 2013 3.33 0.00010 0.12337
Jul 2013 3.31 0.00011 -0.00575
Aug 2013 3.29 0.00011 0.10978
Sep 2013 3.27 0.00011 0.04894
Oct 2013 3.25 0.00011 0.00927
Nov 2013 3.22 0.00011 0.03115
Dec 2013 3.20 0.00017 -0.01224
Jan 2014 3.18 0.00018 0.08675
Feb 2014 3.16 0.00018 0.01585
Mar 2014 3.14 0.00019 -0.02712
Apr 2014 3.12 0.00021 0.07898
May 2014 3.09 0.00022 -0.01865
Jun 2014 3.07 0.00012 -0.09532
Jul 2014 3.04 0.00008 0.00582
Aug 2014 3.01 0.00007 -0.02426
Sep 2014 2.99 0.00002 0.02141
Oct 2014 2.96 0.00001 0.09302
Nov 2014 2.94 0.00001 0.01726
Dec 2014 2.91 0.00002 0.16688
Jan 2015 2.89 0.00001 0.07493
Feb 2015 2.86 0.00000 0.03722
Mar 2015 2.83 -0.00001 -0.03789
Apr 2015 2.80 -0.00003 0.01543
May 2015 2.78 -0.00004 -0.04268
Jun 2015 2.76 -0.00005 -0.00306
Jul 2015 2.74 -0.00006 -0.11955
Aug 2015 2.72 -0.00008 -0.09503
Sep 2015 2.70 -0.00009 0.21773
Oct 2015 2.67 -0.00010 0.07294
Nov 2015 2.65 -0.00012 -0.08439
Dec 2015 2.63 -0.00016 -0.17298
Jan 2016 2.60 -0.00018 -0.01652
Feb 2016 2.57 -0.00021 0.07655
Mar 2016 2.54 -0.00026 -0.10658
Apr 2016 2.51 -0.00028 0.06702
May 2016 2.48 -0.00029 -0.12820
Jun 2016 2.44 -0.00030 0.13640
Jul 2016 2.41 -0.00031 0.02072
Aug 2016 2.37 -0.00031 0.01015
Sep 2016 2.34 -0.00031 0.03508
Oct 2016 2.31 -0.00031 -0.03312
Nov 2016 2.28 -0.00031 0.12683
Dec 2016 2.25 -0.00031 -0.01937
 r_mt (r_it-r_ft) (r_mt-r_ft)
Rendite - DAX Excess - Daimler Excess - DAX

0.06149 0.07387 0.06079

0.01324 -0.00460 0.01271
-0.02672 -0.07659 -0.02711
-0.07348 -0.05775 -0.07382
0.02425 -0.05603 0.02392
0.05548 0.15147 0.05516
0.02932 -0.04219 0.02913
0.03520 -0.03434 0.03509
0.00616 -0.04364 0.00606
0.01995 0.05418 0.01986
 0.02794 0.08785 0.02785
0.02150 0.03754 0.02141
-0.00442 0.06498 -0.00451
0.00692 -0.07061 0.00682
0.01519 -0.01023 0.01509
0.05498 0.23986 0.05488
-0.04667 -0.05929 -0.04676
0.03980 0.12327 0.03970
-0.02088 -0.00585 -0.02099
0.06062 0.10968 0.06052
0.05114 0.04883 0.05103
0.04111 0.00916 0.04100
0.01561 0.03104 0.01551
-0.02572 -0.01242 -0.02589
0.04143 0.08657 0.04125
-0.01405 0.01566 -0.01423
0.00495 -0.02731 0.00476
0.03541 0.07877 0.03520
-0.01108 -0.01887 -0.01130
-0.04328 -0.09545 -0.04341
0.00666 0.00573 0.00658
0.00044 -0.02434 0.00036
-0.01556 0.02139 -0.01558
0.07012 0.09301 0.07011
-0.01756 0.01725 -0.01757
0.09064 0.16687 0.09062
0.06614 0.07492 0.06613
0.04951 0.03722 0.04951
-0.04277 -0.03788 -0.04276
-0.00354 0.01546 -0.00352
-0.04108 -0.04264 -0.04104
0.03326 -0.00301 0.03331
-0.08784 -0.11949 -0.08778
-0.06351 -0.09496 -0.06344
0.12315 0.21783 0.12324
0.04904 0.07304 0.04914
-0.05616 -0.08427 -0.05604
-0.08795 -0.17282 -0.08780
-0.03089 -0.01634 -0.03071
0.04951 0.07675 0.04972
0.00737 -0.10632 0.00763
0.02229 0.06730 0.02257
-0.05677 -0.12790 -0.05648
0.06791 0.13670 0.06821
0.02469 0.02103 0.02499
-0.00771 0.01046 -0.00740
0.01465 0.03539 0.01496
-0.00232 -0.03281 -0.00201
0.07902 0.12714 0.07933
0.00473 -0.01906 0.00503