<div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div><span lang="en-us"> </span> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div><span> </span> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;text-indent:-18pt;"><span lang="en-us"><span><font face="맑은 고딕" size="2">1.</font><span style="font:7pt 'Times New Roman';">     </span></span></span><font face="맑은 고딕"><font size="2">주식이 뭔가요</font><span lang="en-us"><font size="2">?</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">흔히 주식을 <span lang="en-us">‘</span></font><font size="2">자본주의의 꽃</font><span lang="en-us"><font size="2">’</font></span><font size="2">이라고 말합니다</font><span lang="en-us"><font size="2">.</font> </span><font size="2">주식이란 뭘까요</font><span lang="en-us"><font size="2">?</font> </span><font size="2">그냥 돈을 벌기 위해서 샀다 팔았다 하는 도박 같은 것일까요</font><span lang="en-us"><font size="2">?</font> </span><font size="2">주식을 어떻게 활용하느냐에 따라서 투기판이 될 수도 있고 투자처가 될 수도 있겠지요</font><span lang="en-us"><font size="2">.</font> </span><font size="2">일단 주식이 뭔지 생각해 봅시다</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">대장장이 압둘라가 있습니다<span lang="en-us">.</span></font></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">압둘라가 대장간을 열어서 장사를 하고 싶다면 어떻게 하면 될까요</font><span lang="en-us"><font size="2">?</font> </span><font size="2">대장간 지을 땅을 사고</font><span lang="en-us"><font size="2">,</font> </span><font size="2">그 위에 대장간을 짓고</font><span lang="en-us"><font size="2">,</font> </span><font size="2">전기로나 거푸집 같은 것을 준비한 다음 쇠를 구해서</font><span lang="en-us"><font size="2">,</font> </span><font size="2">만들고 싶은 것을 만들면 될 겁니다</font><span lang="en-us"><font size="2">.</font> </span><font size="2">아마 이래저래 해서 몇 억 정도 필요하겠네요</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">그런데 만약 압둘라에게 특별한 아이디어가 떠올라서 스스로 위성방송 사업을 하고싶다면 어떨까요</font><span lang="en-us"><font size="2">?</font> </span><font size="2">인공위성을 쏘고</font><span lang="en-us"><font size="2">,</font> </span><font size="2">위성 안테나들을 공장에서 만들고</font><span lang="en-us"><font size="2">,</font> </span><font size="2">방송 컨텐츠를 사고</font><span lang="en-us"><font size="2">,</font> </span><font size="2">영업소를 많이 만들고 전문가들을 고용 해야겠네요</font><span lang="en-us"><font size="2">?</font> </span><font size="2">아마 수천억은 필요할 겁니다</font><span lang="en-us"><font size="2">.</font> </span><font size="2">그 정도 돈을 가지고 있는 사람은 사실 우리 나라에 그리 많지 않을 거에요</font><span lang="en-us"><font size="2">.</font> </span><font size="2">특별히 대단한 부자가 아니라면 아무리 좋은 사업 아이디어라도 구현하기가 어려울 겁니다</font><span lang="en-us"><font size="2">.</font> </span><font size="2">좋은 아이디어가 사장되는 것은 사회적으로 큰 낭비겠죠</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">그래서 예전에 네델란드 사람들은 주식회사라는 것을 만들었습니다<span lang="en-us">.</span></font></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">큰 돈이 드는 회사를 마구마구 쪼개서 여러 사람들이 그 회사의 지분을 가지고 운용 자본을 대 주는 것이죠</font><span lang="en-us"><font size="2">.</font> </span><font size="2">실제로 이런 방식으로 네델란드 사람들은 개인 혼자는 만들기 어려운 커다란 배들을 많이 만들 수 있었고</font><span lang="en-us"><font size="2">,</font> </span><font size="2">동인도회사를 통해서 세계 무역을 아주 잘 할 수 있었답니다</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">이런 주식은 현재에도 계속 잘 사용되고 있지요</font><span lang="en-us"><font size="2">.</font> </span><font size="2">주식시장을 통해 돈을 모아서 반도체</font><span lang="en-us"><font size="2">,</font> </span><font size="2">조선</font><span lang="en-us"><font size="2">,</font> </span><font size="2">자동차</font><span lang="en-us"><font size="2">,</font> </span><font size="2">화학 같이 거대한 사업을 시작하거나 운용하고 있습니다</font><span lang="en-us"><font size="2">.</font> </span><font size="2">마찬가지로</font><span lang="en-us"><font size="2">,</font> </span><font size="2">커다란 사업을 같이 하고 싶다면</font><span lang="en-us"><font size="2">,</font> </span><font size="2">주식을 구입하는 것 만으로도 사업을 함께하는 효과를 누릴 수 있겠지요</font><span lang="en-us"><font size="2">?</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">회사의 주인은 누구일까요</font><span lang="en-us"><font size="2">?</font> </span><font size="2">회사의 근로자</font><span lang="en-us"><font size="2">?</font> </span><font size="2">사장</font><span lang="en-us"><font size="2">?</font> </span><font size="2">오너</font><span lang="en-us"><font size="2">?</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">주주가 아닐까요</font><span lang="en-us"><font size="2">?</font> </span><font size="2">주주는 회사의 지분을 가지고 있는 사람이죠</font><span lang="en-us"><font size="2">.</font> </span><font size="2">주주들은</font><span lang="en-us"><font size="2">1</font></span><font size="2">년에 한 번 이상</font> <span lang="en-us"><font size="2">‘</font></span><font size="2">주주총회</font><span lang="en-us"><font size="2">’</font></span><font size="2">라는 모임에 초대를 받습니다</font><span lang="en-us"><font size="2">.</font> </span><font size="2">그 자리에서 주주들은 그 회사의 상황을 보고받거나 의사결정을 하거나 합니다</font><span lang="en-us"><font size="2">.</font> </span><font size="2">특히 회사의 돈을 어떻게 쓸까 하는 의사결정도 하게 되는데요</font><span lang="en-us"><font size="2">,</font> </span><font size="2">수익 중에 일부를 주주들이 나눠 갖겠다는</font> <span lang="en-us"><font size="2">‘</font></span><font size="2">배당</font><span lang="en-us"><font size="2">’</font></span><font size="2">에 대한 결정도 그 때 하게 됩니다</font><span lang="en-us"><font size="2">.</font> </span><font size="2">보통 회사들은 순수익의 일부를 주주들에게 나눠주는</font> <span lang="en-us"><font size="2">‘</font></span><font size="2">배당</font><span lang="en-us"><font size="2">’</font></span><font size="2">을 실시합니다</font><span lang="en-us"><font size="2">.</font> </span><font size="2">돈이나 주식을 매년 나누어 주는 것이지요</font><span lang="en-us"><font size="2">.</font> </span><font size="2">물론 여러 번에 걸쳐서 주거나 안 주는 경우도 있습니다</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">주식은 쉽게 거래할 수 있습니다<span lang="en-us">.</span></font></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">과일 같은 <span lang="en-us">‘</span></font><font size="2">물건</font><span lang="en-us"><font size="2">’</font></span><font size="2">들은 신선도나 당도나 크기가 각각 다르기 때문에</font><span lang="en-us"><font size="2">,</font> </span><font size="2">시장이나 마트에 가서 골라야 하겠죠</font><span lang="en-us"><font size="2">?</font> </span><font size="2">가격도 그</font> <span lang="en-us"><font size="2">‘</font></span><font size="2">물건</font><span lang="en-us"><font size="2">’</font></span><font size="2">의 상태나 수급상황에 따라 천차만별이고요</font><span lang="en-us"><font size="2">.</font> </span><font size="2">하지만</font><span lang="en-us"><font size="2">,</font> </span><font size="2">주식은 모두 독같이</font> <span lang="en-us"><font size="2">‘</font></span><font size="2">지분 권리</font><span lang="en-us"><font size="2">’</font></span><font size="2">를 가지고 있기 때문에</font><span lang="en-us"><font size="2">,</font> </span><font size="2">굳이 오프라인에서 매도자를 만나 상태를 확인하고 매수할 필요가 없습니다</font><span lang="en-us"><font size="2">.</font> </span><font size="2">그러니 주식은 거래소와 증권사를 통해서 인터넷으로 쉽게 거래를 할 수 있는 겁니다</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;text-indent:-18pt;"><span lang="en-us"><span><font face="맑은 고딕" size="2">2.</font><span style="font:7pt 'Times New Roman';">     </span></span></span><font size="2"><font face="맑은 고딕">주식의 가격<span lang="en-us"></span></font></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">삼성전자 <span lang="en-us">47,850</span></font><font size="2">원</font><span lang="en-us"><font size="2">. sk</font></span><font size="2">하이닉스</font><span lang="en-us"><font size="2"> 83,700</font></span><font size="2">원</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">주식의 가격은 어떻게 정해지는 걸까요<span lang="en-us">? sk</span></font><font size="2">하이닉스가 삼성전자보다 두 배 큰 회사인가요</font><span lang="en-us"><font size="2">?</font> </span><font size="2">아니면 비싼 건가요 싼 건가요</font><span lang="en-us"><font size="2">?</font> </span><font size="2">주식의 가격이 어떻게 합의되는 것인지 알아보죠</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">어떤 슈퍼마켓이 있다고 칩시다<span lang="en-us">.</span></font></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">슈퍼마켓의 땅과 건물 가격이 <span lang="en-us">8000</span></font><font size="2">만원 정도</font><span lang="en-us"><font size="2">.</font> </span><font size="2">그리고 그 안에는</font> <span lang="en-us"><font size="2">2000</font></span><font size="2">만원 정도의 물건들이 있고요</font><span lang="en-us"><font size="2">,</font> </span><font size="2">매 년</font> <span lang="en-us"><font size="2">400</font></span><font size="2">만원 정도 순수익을 낸다고 하면 여러분은 그 슈퍼마켓을 얼마에 사실 건가요</font><span lang="en-us"><font size="2">?</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">얼마의 가치를 둘 것인가는 사실 사람에 따라 다르겠죠</font><span lang="en-us"><font size="2">?</font> </span><font size="2">누구는</font> <span lang="en-us"><font size="2">1</font></span><font size="2">억</font><span lang="en-us"><font size="2">,</font> </span><font size="2">누구는</font> <span lang="en-us"><font size="2">2</font></span><font size="2">억</font><span lang="en-us"><font size="2">,</font> </span><font size="2">누구는</font><span lang="en-us"><font size="2">5</font></span><font size="2">천만원에 사겠다고 할 겁니다</font><span lang="en-us"><font size="2">. 2020</font></span><font size="2">년을 기준으로</font><span lang="en-us"><font size="2">,</font> </span><font size="2">사람들은 자본에 대한 이득이</font> <span lang="en-us"><font size="2">4%</font></span><font size="2">정도면 꽤 좋다고 생각하는 것 같습니다</font><span lang="en-us"><font size="2">.</font> </span><font size="2">안전하다는 예금 이자율이 높아도</font> <span lang="en-us"><font size="2">2%.</font> </span><font size="2">건물의 임대소득이 건물 가격의</font><span lang="en-us"><font size="2">3~4%</font></span><font size="2">대를 목표로 하는 걸 보면 말이죠</font><span lang="en-us"><font size="2">.</font> </span><font size="2">대강</font> <span lang="en-us"><font size="2">1</font></span><font size="2">억 정도에 저 슈퍼마켓을 산다면 연</font> <span lang="en-us"><font size="2">4%</font></span><font size="2">의 수익을 얻게 되는 것이니 어느정도 괜찮지 않을까요</font><span lang="en-us"><font size="2">?</font> </span><font size="2">하지만 만약 바로 옆에 대형마트가 들어올 계획이라 순수익이 확 떨어질 것이 확실하다면 슈퍼마켓의 가치는 떨어질 것이고요</font><span lang="en-us"><font size="2">,</font> </span><font size="2">반대로 슈퍼마켓의 땅값이 오를 것이라는 예상이 있다면 더 비싸게 사도 괜찮겠죠</font><span lang="en-us"><font size="2">.</font> </span><font size="2">어쨌든 지금은 아무 변화도 예측할 수 없어서 그냥 슈퍼마켓의 적정 가격을</font><span lang="en-us"><font size="2">1</font></span><font size="2">억이라고 생각해 봅시다</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">그<span lang="en-us"> 1</span></font><font size="2">억 가치의 슈퍼마켓 법인이</font> <span lang="en-us"><font size="2">100</font></span><font size="2">주의 주식을 발행하면</font><span lang="en-us"><font size="2">,</font> </span><font size="2">한 주에</font> <span lang="en-us"><font size="2">100</font></span><font size="2">만원씩의 가격에 거래가 되겠죠</font><span lang="en-us"><font size="2">? 100</font></span><font size="2">주 말고</font> <span lang="en-us"><font size="2">1,000,000</font></span><font size="2">주를 발행한다면 한 주에</font> <span lang="en-us"><font size="2">100</font></span><font size="2">원 정도에 거래될 것이고요</font><span lang="en-us"><font size="2">.</font> </span><font size="2">얼마나 많이 슈퍼마켓 주식을 나눠서 발행할 것인지는 그 회사가 그냥 결정하는 겁니다</font><span lang="en-us"><font size="2">.</font> </span><font size="2">따라서 주당</font> <span lang="en-us"><font size="2">100</font></span><font size="2">만원이든</font><span lang="en-us"><font size="2">, 100</font></span><font size="2">원이든 그 회사의 주식이 싼 지 비싼지는 가격만 봐서는 알 수가 없어요</font><span lang="en-us"><font size="2">.</font></span><font size="2">가격이 싼 건지 비싼 건지 알기 위해서는 회사의 내부 가치를 파악하는 과정이 필요합니다</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">과정을 알기 위한 실습을 한 번 해 볼까요<span lang="en-us">?</span></font></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font><span lang="en-us" style="line-height:107%;font-family:'맑은 고딕';font-size:10pt;"><a target="_blank" href="https://dart.fss.or.kr/" target="_blank"><font color="#0563c1">https://dart.fss.or.kr</font></a></span><span style="line-height:107%;font-family:'맑은 고딕';font-size:10pt;">사이트에 한 번 들어가 봅시다<span lang="en-us">. </span>이상한 피싱 사이트가 아니고 금융감독원 사이트에요<span lang="en-us">.^^;</span></span></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:-18pt;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><span lang="en-us"><span lang="en-us"><img width="602" height="264" alt="5-1.png" src="http://thimg.todayhumor.co.kr/upfile/202003/15855601053307893ba643421db2e57c7ce7f87850__mn622945__w602__h264__f34915__Ym202003.png" filesize="34915"></span></span></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div><span lang="en-us"> </span> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div><span lang="en-us"> </span> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> <font size="2"><font face="맑은 고딕">웹사이트에서 순서대로 입력을 해 보죠<span lang="en-us">.</span></font></font></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 56pt;text-indent:-18pt;"><span lang="en-us"><span><font face="맑은 고딕" size="2">1.</font><span style="font:7pt 'Times New Roman';">     </span></span></span><font face="맑은 고딕"><font size="2">회사명에</font> <span lang="en-us"><font size="2">‘</font></span><font size="2">삼성전자</font><span lang="en-us"><font size="2">’</font></span><font size="2">를 입력합니다</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 56pt;text-indent:-18pt;"><span lang="en-us"><span><font face="맑은 고딕" size="2">2.</font><span style="font:7pt 'Times New Roman';">     </span></span></span><font face="맑은 고딕"><font size="2">기간을 대략</font> <span lang="en-us"><font size="2">1</font></span><font size="2">년 정도로 입력합니다</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 56pt;text-indent:-18pt;"><span lang="en-us"><span><font face="맑은 고딕" size="2">3.</font><span style="font:7pt 'Times New Roman';">     </span></span></span><font size="2"><font face="맑은 고딕">정기공시 버튼을 누르고요<span lang="en-us"></span></font></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 56pt;text-indent:-18pt;"><span lang="en-us"><span><font face="맑은 고딕" size="2">4.</font><span style="font:7pt 'Times New Roman';">     </span></span></span><font face="맑은 고딕"><font size="2">밑에 생기는 옵션 중에</font> <span lang="en-us"><font size="2">‘</font></span><font size="2">사업보고서</font><span lang="en-us"><font size="2">’, ‘</font></span><font size="2">반기보고서</font><span lang="en-us"><font size="2">’, ‘</font></span><font size="2">분기보고서</font><span lang="en-us"><font size="2">’</font></span><font size="2">를 체크해 볼게요</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 56pt;"><font face="맑은 고딕"><font size="2">사업보고서는 <span lang="en-us">1</span></font><font size="2">년에 한 번</font><span lang="en-us"><font size="2">,</font> </span><font size="2">반기 보고서는 중간에 한 번</font><span lang="en-us"><font size="2">,</font> </span><font size="2">분기 보고서는</font><span lang="en-us"><font size="2"> 1</font></span><font size="2">년을</font> <span lang="en-us"><font size="2">1/4</font></span><font size="2">해서 나오는 보고서에요</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 56pt;text-indent:-18pt;"><span lang="en-us"><span><font face="맑은 고딕" size="2">5.</font><span style="font:7pt 'Times New Roman';">     </span></span></span><font face="맑은 고딕"><font size="2">그리고 검색을 누릅니다</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoNormal" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoNormal" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">검색을 하니까 이런 보고서 결과가 뜨네요<span lang="en-us"></span></font></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div><span lang="en-us"><span lang="en-us"> </span></span> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><span lang="en-us"><span lang="en-us"></span></span> <div><img width="602" height="490" alt="5-2.png" src="http://thimg.todayhumor.co.kr/upfile/202003/1585560112da2840aea12c42a7ac7c89011be780b3__mn622945__w602__h490__f54277__Ym202003.png" filesize="54277"></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div><span lang="en-us"> </span> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div><span lang="en-us"> </span> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div> <div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoNormal" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">연습이라서 아무거나 클릭해 봐도 좋지만</font><span lang="en-us"><font size="2">,</font> </span><font size="2">최근에 나온 분기보고서를 클릭해보죠</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoNormal" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoNormal" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">그러면 이런 화면이 뜹니다<span lang="en-us">.</span></font></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div><span lang="en-us"><span lang="en-us"></span></span> <div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><img width="602" height="495" alt="5-3.png" src="http://thimg.todayhumor.co.kr/upfile/202003/1585560113eefae0595ba34ebf9d0884417e3765fd__mn622945__w602__h495__f46170__Ym202003.png" filesize="46170"></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoNormal" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><span lang="en-us"><font size="2">2019</font></span><font size="2">년</font> <span lang="en-us"><font size="2">3/4</font></span><font size="2">분기의 삼성전자 상황에 대한 보고서네요</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoNormal" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoNormal" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">많은 내용이 있지만</font><span lang="en-us"><font size="2">,</font> </span><font size="2">연습 삼아서 두 가지만 봅시다</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font>.</div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><img width="602" height="539" alt="5-4.png" src="http://thimg.todayhumor.co.kr/upfile/202003/1585560113126e7e8a47594a4785345061cede4a3c__mn622945__w602__h539__f75587__Ym202003.png" filesize="75587"></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoNormal" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">분기보고서에 목차부분<span lang="en-us"> ‘</span></font><font size="2">주식의 총 수</font><span lang="en-us"><font size="2">’</font></span><font size="2">를 클릭해 보면 보시다시피 발행된 주식이</font> <span lang="en-us"><font size="2">68</font></span><font size="2">억 주 정도 된다는 걸 알 수 있겠네요</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><img width="602" height="677" alt="5-5.png" src="http://thimg.todayhumor.co.kr/upfile/202003/15855601145c979210356c40f9ac785b0d12f8f11b__mn622945__w602__h677__f98151__Ym202003.png" filesize="98151"></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">그러면 회사 상태는 어떨까요<span lang="en-us">?</span></font></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><span lang="en-us"><font size="2">‘</font></span><font size="2">재무제표</font><span lang="en-us"><font size="2">’</font></span><font size="2">나 </font><span lang="en-us"><font size="2">‘</font></span><font size="2">요약재무정보</font><span lang="en-us"><font size="2">’</font></span><font size="2">를 클릭해 보시면</font><span lang="en-us"><font size="2">, </font></span><font size="2">재무제표가 나옵니다</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">여러가지 내용들이 다들 중요한 의미가 있겠지만<span lang="en-us">, </span></font><font size="2">크게 보면 다음과 같습니다</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 56pt;text-indent:-18pt;"><span lang="en-us"><span><font face="맑은 고딕" size="2">1.</font><span style="font:7pt 'Times New Roman';">     </span></span></span><font face="맑은 고딕"><font size="2">자산총계</font><span lang="en-us"><font size="2">: </font></span><font size="2">회사가 가지고 있는 현금</font><span lang="en-us"><font size="2">, </font></span><font size="2">부동산</font><span lang="en-us"><font size="2">, </font></span><font size="2">주식 등등 말 그대로 자산들의 합<span lang="en-us"></span></font></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 56pt;text-indent:-18pt;"><span lang="en-us"><span><font face="맑은 고딕" size="2">2.</font><span style="font:7pt 'Times New Roman';">     </span></span></span><font face="맑은 고딕"><font size="2">부채총계</font><span lang="en-us"><font size="2">: </font></span><font size="2">회사가 갚아야 할 돈</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 56pt;text-indent:-18pt;"><span lang="en-us"><span><font face="맑은 고딕" size="2">3.</font><span style="font:7pt 'Times New Roman';">     </span></span></span><font face="맑은 고딕"><font size="2">자본총계</font><span lang="en-us"><font size="2">: </font></span><font size="2">자산 </font><span lang="en-us"><font size="2">– </font></span><font size="2">부채</font><span lang="en-us"><font size="2">. </font></span><font size="2">부채를 다 갚고도 남는 회사의 자산</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 56pt;text-indent:-18pt;"><span lang="en-us"><span><font face="맑은 고딕" size="2">4.</font><span style="font:7pt 'Times New Roman';">     </span></span></span><font face="맑은 고딕"><font size="2">당기순이익</font><span lang="en-us"><font size="2">: 1</font></span><font size="2">년동안 회사가 이런저런 일로 벌어들인 총 수입</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoNormal" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoNormal" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">공시 사이트<span lang="en-us">(Dart)</span></font><font size="2">에서 보는 것이 정확하지만</font><span lang="en-us"><font size="2">, </font></span><font size="2">편하게 보시려면 포털 사이트를 이용하시는 것도 좋습니다</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoNormal" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">네이버에서 한 번 검색해 볼까요<span lang="en-us">?</span></font></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoNormal" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><span lang="en-us"><font size="2">‘</font></span><font size="2">삼성전자</font><span lang="en-us"><font size="2">’</font></span><font size="2">를 검색하면</font><span lang="en-us"><font size="2">, </font></span><font size="2">증권정보 링크가 뜹니다</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><img width="546" height="576" alt="5-6.png" src="http://thimg.todayhumor.co.kr/upfile/202003/158556011464289348038d4c40a1482c3b4f065719__mn622945__w546__h576__f43220__Ym202003.png" filesize="43220"></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">빨간색 박스 안의 종목이름<span lang="en-us">(</span></font><font size="2">삼성전자</font><span lang="en-us"><font size="2">)</font></span><font size="2">를 누르면</font><span lang="en-us"><font size="2">, </font></span><font size="2">세부내용이 뜨죠</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><img width="546" height="318" alt="5-7.png" src="http://thimg.todayhumor.co.kr/upfile/202003/1585560115097dea1574ef4152b087a5f689537a8b__mn622945__w546__h318__f33464__Ym202003.png" filesize="33464"></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">오른쪽에 보면<span lang="en-us">, </span></font><font size="2">상장 주식 수가 </font><span lang="en-us"><font size="2">60</font></span><font size="2">억 주 있다고 나오네요</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">어<span lang="en-us">? </span></font><font size="2">조금 이상하죠</font><span lang="en-us"><font size="2">? </font></span><font size="2">아까는 총 주식이 </font><span lang="en-us"><font size="2">68</font></span><font size="2">억 주라고 하던데</font><span lang="en-us"><font size="2">…</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">위에 <span lang="en-us">‘</span></font><font size="2">공시사이트</font><span lang="en-us"><font size="2">(dart)’</font></span><font size="2">에서 봤던 </font><span lang="en-us"><font size="2">‘</font></span><font size="2">주식의 총수 등</font><span lang="en-us"><font size="2">’ </font></span><font size="2">부분을 자세히 보면</font><span lang="en-us"><font size="2">, </font></span><font size="2">보통주가 </font><span lang="en-us"><font size="2">60</font></span><font size="2">억 주 발행됐고 우선주가 </font><span lang="en-us"><font size="2">8</font></span><font size="2">억 주 발행됐다고 합니다</font><span lang="en-us"><font size="2">. </font></span><font size="2">갑자기 나온 보통주와 우선주는 또 뭘까요</font><span lang="en-us"><font size="2">? </font></span><font size="2">보통주는 보통의 주식입니다</font><span lang="en-us"><font size="2">^^; </font></span><font size="2">반면에 우선주는 보통주에 비해서 배당이나 혜택을 더 많이 받는 주식이지요</font><span lang="en-us"><font size="2">. </font></span><font size="2">다만 우선주를 발행했을 때의 조건에 따라서 어떤 우선주는 일정 기간이 지나면 보통주로 변하기도 하고</font><span lang="en-us"><font size="2">, </font></span><font size="2">주주총회에서 의결할 수 있는 권리가 없기도 하고 기타등등 다양합니다</font><span lang="en-us"><font size="2">. </font></span><font size="2">발행할 때의 공시를 찾아봐야 하죠</font><span lang="en-us"><font size="2">. </font></span><font size="2">보통주에 비해서 우선주는 발행도 적고 시장에 많이 없기 때문에</font><span lang="en-us"><font size="2">, </font></span><font size="2">보통주에 비해서 거래량이 매우 적어요</font><span lang="en-us"><font size="2">. </font></span><font size="2">그래서 거래하기가 힘들고</font><span lang="en-us"><font size="2">, </font></span><font size="2">주식과 가격 차이가 꽤 발생하는 경우가 많죠</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">어찌됐던<span lang="en-us">, </span></font><font size="2">삼성전자가 발행한 총 주식은 </font><span lang="en-us"><font size="2">68</font></span><font size="2">억 주에요</font><span lang="en-us"><font size="2">. </font></span><font size="2">삼성전자라는 커다란 회사는 </font><span lang="en-us"><font size="2">68</font></span><font size="2">억 개의 조각으로 나뉘어져 있다는 것이죠</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">이제 포탈에서 쉽게 재무제표 보는 방법을 알아볼까요<span lang="en-us">?</span></font></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><img width="710" height="649" alt="5-8.png" src="http://thimg.todayhumor.co.kr/upfile/202003/15855601140500e7df664244e7bba1ad4c0187826c__mn622945__w710__h649__f65881__Ym202003.png" filesize="65881"></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> <font size="3"><font size="2"><font face="맑은 고딕"><span lang="en-us">[5-8. </span>종목분석<span lang="en-us">]</span></font></font></font> <div></div><font size="3"></font></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">종목분석 탭을 누르시면 다음과 같은 유용한 화면들이 뜨네요<span lang="en-us">.</span></font></font></div><font size="2"><font face="맑은 고딕"><span lang="en-us"> </span></font></font> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;"><font size="3"></font> </div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕"><span lang="en-us"><img width="540" height="751" alt="5-9.png" src="http://thimg.todayhumor.co.kr/upfile/202003/1585560115965c5b41c1974faa95d99d5d0f7312ca__mn622945__w540__h751__f74553__Ym202003.png" filesize="74553"></span></font></font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕"><span lang="en-us"><font size="2"><font face="맑은 고딕"></font></font></span></font></font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕"><font size="2"><font face="맑은 고딕"><span lang="en-us"></span></font></font></font></font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕"><font size="2"><font face="맑은 고딕"><font face="굴림" size="3"> </font></font></font></font></font></div><font size="2"><font face="맑은 고딕"><font size="2"><font face="맑은 고딕">일단 <span lang="en-us">‘</span>기업개요<span lang="en-us">’</span>부분에서 이 회사가 어떤 방법으로 돈을 버는지 브리핑을 해 두었어요<span lang="en-us">.</span></font></font></font></font> <div></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="굴림" size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div> </div></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="굴림" size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;">그리고 쭉쭉 내려보면<span lang="en-us">, 재무제표</span>가 보여요<span lang="en-us">.</span> <div></div></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="굴림" size="3"> </font></div> <div></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕"><font size="2"><font face="맑은 고딕"> </font></font></font></font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕"><font size="2"> </font></font></font></div> <div></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"> </div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><img width="535" height="777" alt="5-10.png" src="http://thimg.todayhumor.co.kr/upfile/202003/158556011702a82b76327f412cb290ef3b23dad188__mn622945__w535__h777__f89137__Ym202003.png" filesize="89137"></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">보세요<span lang="en-us">. </span></font><font size="2">자산</font><span lang="en-us"><font size="2">, </font></span><font size="2">부채</font><span lang="en-us"><font size="2">, </font></span><font size="2">자본이랑</font><span lang="en-us"><font size="2">, </font></span><font size="2">당기순이익이 이렇게 보이죠</font><span lang="en-us"><font size="2">?</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">공시사이트에서 보는 것 보다는 좀 편하군요<span lang="en-us">.</span></font></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">이제 이런 정보들을 가지고 주식의 가치를 대략 계산해볼 수 있어요<span lang="en-us">.</span></font></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">종합해 보자면<span lang="en-us">, </span></font><font size="2">이 회사는 </font><span lang="en-us"><font size="2">68</font></span><font size="2">억개의 주식으로 쪼개져 있고요</font><span lang="en-us"><font size="2">.(</font></span><font size="2">주식의 총수</font><span lang="en-us"><font size="2">)</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">최근에 연간 <span lang="en-us">21.7</span></font><font size="2">조를 벌었고요</font><span lang="en-us"><font size="2">.(</font></span><font size="2">당기순이익</font><span lang="en-us"><font size="2">)</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">그리고<span lang="en-us">, </span></font><font size="2">부채 빼고 자산이 </font><span lang="en-us"><font size="2">263</font></span><font size="2">조 정도 되네요</font><span lang="en-us"><font size="2">.(</font></span><font size="2">자본총계</font><span lang="en-us"><font size="2">)</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">이 챕터 처음부분에 소개드렸던 <span lang="en-us">‘</span></font><font size="2">슈퍼마켓</font><span lang="en-us"><font size="2">’</font></span><font size="2">모델로 생각해 보자면요</font><span lang="en-us"><font size="2">,</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">삼성전자 주식은 연간 자본의 <span lang="en-us">8.27%</span></font><font size="2">정도 수익을 내고 있고요</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><b><span lang="en-us"><font size="2">*</font></span><font size="2">자기자본 이익률 </font><span lang="en-us"><font size="2">(ROE: Return On Equity) - </font></span></b><font size="2">자본대비 연간 수익<b><span lang="en-us"></span></b></font></font> <div><b></b></div><b></b></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 78pt;text-indent:2pt;"><font face="맑은 고딕"><span lang="en-us"><font size="2">: 217,389</font></span><font size="2">억</font><span lang="en-us"><font size="2">(</font></span><font size="2">당기순이익</font><span lang="en-us"><font size="2">) / 2,628,804</font></span><font size="2">억</font><span lang="en-us"><font size="2">(</font></span><font size="2">자본</font><span lang="en-us"><font size="2">) = 8.27%</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">자산 가격만 쳐서 주식 가격이 얼마 정도 될지 생각해 본다면<span lang="en-us">, </span></font><font size="2">주 당 </font><span lang="en-us"><font size="2">38,658</font></span><font size="2">원정도 된다는 것을 알 수 있지요</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><b><font face="맑은 고딕"><span lang="en-us"><font size="2">*</font></span><font size="2">주당 순 자산가치</font><span lang="en-us"><font size="2">(BPS: Bookvalue Per Share)</font></span></font></b> <div><b></b></div><b></b></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><span lang="en-us"><span><font size="2">           </font></span><font size="2">: 262,880,400,000,000(</font></span><font size="2">자본총계</font><span lang="en-us"><font size="2">) / 6,800,000,000(</font></span><font size="2">주식의 총수</font><span lang="en-us"><font size="2">) = 38,658</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">현재 가격에 비해서 어떤가요<span lang="en-us">? </span></font><font size="2">가치를 판단하는 건 보는 사람의 몫이죠</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">사람들은 기업이 은행 이자율보다 많은 수익을 낼 경우에는 <span lang="en-us">BPS(</span></font><font size="2">주당 순 자산가치</font><span lang="en-us"><font size="2">)</font></span><font size="2">보다 높은 가격에도 기꺼이 매수를 하려고 하고요</font><span lang="en-us"><font size="2">, </font></span><font size="2">기업의 수익률이 너무 적거나 수익이 나지 않는 경우에는 </font><span lang="en-us"><font size="2">BPS</font></span><font size="2">보다 낮은 가격에 매수하는 경향이 있어요</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">물론 기업이 가지고 있는 노하우나 특허권이나 트렌드 기타등등 많은 요소들이 기업의 운명을 가르기 때문에<span lang="en-us">, </span></font><font size="2">재무제표 만으로 기업이나 주식의 가치를 논하는 것은 부족한 것이 사실이에요</font><span lang="en-us"><font size="2">. </font></span><font size="2">그래도 주식 가격의 기준이되는 부분이 있다는 것을 여러분이 알아 주셨으면 좋겠네요</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">더 심도깊게 현재 가격이 싼 건지<span lang="en-us">, </span></font><font size="2">비싼 건지 알고 싶다면 최소한 </font><span lang="en-us"><font size="2">PER, PBR</font></span><font size="2">은 알아두는 게 좋아요</font><span lang="en-us"><font size="2">. </font></span><font size="2">두 요소는 각각 </font><span lang="en-us"><font size="2">‘</font></span><font size="2">주가에 비해서 기업이 얼마나 벌었는가</font><span lang="en-us"><font size="2">’, ‘</font></span><font size="2">주가에 비해서 어느 정도의 자본가치를 가지고 있는가</font><span lang="en-us"><font size="2">’</font></span><font size="2">를 나타냅니다</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">내용은 다음과 같아요<span lang="en-us">.</span></font></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><b><font face="맑은 고딕"><span lang="en-us"><font size="2">*PER(Price earning ration: </font></span><font size="2">주가수익비율</font><span lang="en-us"><font size="2">) : </font></span><font size="2">주식가격</font><span lang="en-us"><font size="2"> / </font></span><font size="2">주당 순 이익<span lang="en-us"></span></font></font></b> <div><b></b></div><b></b></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><span lang="en-us"><span><font size="2"> </font></span></span><font size="2">네이버에서 본 바에 의하면 </font><span lang="en-us"><font size="2">PER</font></span><font size="2">이 </font><span lang="en-us"><font size="2">17.63</font></span><font size="2">이라고 하네요<span lang="en-us"></span></font></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><span lang="en-us"><span><font size="2"> </font></span></span><font size="2">직접 계산해 볼까요</font><span lang="en-us"><font size="2">? </font></span><font size="2">당기순이익이 </font><span lang="en-us"><font size="2">21.7</font></span><font size="2">조 정도 되니까</font><span lang="en-us"><font size="2">,</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><span lang="en-us"><span><font size="2">           </font></span></span><font size="2">주당 순 이익 </font><span lang="en-us"><font size="2">= 217,389</font></span><font size="2">억</font><span lang="en-us"><font size="2">(</font></span><font size="2">당기순이익</font><span lang="en-us"><font size="2">, </font></span><font size="2">억</font><span lang="en-us"><font size="2">) / 68(</font></span><font size="2">주식의 총 수</font><span lang="en-us"><font size="2">, </font></span><font size="2">억</font><span lang="en-us"><font size="2">) = 3,197(</font></span><font size="2">원</font><span lang="en-us"><font size="2">)</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><span lang="en-us"><span><font size="2">           </font></span></span><font size="2">주식 가격은 </font><span lang="en-us"><font size="2">47,850</font></span><font size="2">원이니까<span lang="en-us"></span></font></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"><font face="맑은 고딕"><span><font size="2">           </font></span><font size="2">PER = 47,850 / 3,197 = 14.96</font></font></span> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><span lang="en-us"><span><font size="2"> </font></span></span><font size="2">네이버에 나와있는 숫자랑은 좀 다르죠</font><span lang="en-us"><font size="2">? </font></span><font size="2">우선주를 주식 수에 넣느냐</font><span lang="en-us"><font size="2">, </font></span><font size="2">비유통주식을 넣느냐 주가가 언제일 때 계산했느냐 등등 계산하는 사람의 판단에 따라서 숫자가 좀 달라질 수가 있어요</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><span lang="en-us"><font size="2">PER</font></span><font size="2">이 </font><span lang="en-us"><font size="2">14.96</font></span><font size="2">이라는 것은</font><span lang="en-us"><font size="2">, 14.96</font></span><font size="2">년 동안 벌면 현재 주가만큼 주식당 순이익이 난다는 뜻이에요</font><span lang="en-us"><font size="2">. </font></span><font size="2">그러니까 </font><span lang="en-us"><font size="2">PER</font></span><font size="2">이 낮을수록 가격이 싸다고 생각할 수 있겠죠</font><span lang="en-us"><font size="2">?</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><b><font face="맑은 고딕"><span lang="en-us"><font size="2">*PBR(Price Book-value Ratio: </font></span><font size="2">주가순자산비율</font><span lang="en-us"><font size="2">): </font></span><font size="2">주가 </font><span lang="en-us"><font size="2">/ </font></span><font size="2">주당 순 자산<span lang="en-us"></span></font></font></b> <div><b></b></div><b></b></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><font size="2">네이버에 나타난 삼성전자 <span lang="en-us">PBR</span></font><font size="2">은</font><span lang="en-us"><font size="2"> 1.19</font></span><font size="2">네요<span lang="en-us"></span></font></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">직접 계산해 보겠습니다<span lang="en-us">.</span></font></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><span lang="en-us"><span><font size="2">           </font></span></span><font size="2">주당 순 자산</font><span lang="en-us"><font size="2">(EPS) = 2,577,470(</font></span><font size="2">자본총계</font><span lang="en-us"><font size="2">, </font></span><font size="2">억</font><span lang="en-us"><font size="2">) / 68(</font></span><font size="2">주식의 총 수</font><span lang="en-us"><font size="2">, </font></span><font size="2">억</font><span lang="en-us"><font size="2">) = 37,903(</font></span><font size="2">원</font><span lang="en-us"><font size="2">)</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><span lang="en-us"><span><font size="2">           </font></span></span><font size="2">주식 가격은 </font><span lang="en-us"><font size="2">47,850</font></span><font size="2">이니까<span lang="en-us"></span></font></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"><font face="맑은 고딕"><span><font size="2">           </font></span><font size="2">PBR = 1.26</font></font></span> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"> </font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font face="맑은 고딕"><span lang="en-us"><font size="2">PBR</font></span><font size="2">이 </font><span lang="en-us"><font size="2">1.26</font></span><font size="2">이라는 의미는 뭘까요</font><span lang="en-us"><font size="2">? </font></span><font size="2">회사가 가지고 있는 자산에서 부채를 뺀</font><span lang="en-us"><font size="2">, </font></span><font size="2">순수한 자산들이 주 당 </font><span lang="en-us"><font size="2">37,903</font></span><font size="2">원인데</font><span lang="en-us"><font size="2">, </font></span><font size="2">시장에서 거래된 시세가 그의 </font><span lang="en-us"><font size="2">1.26</font></span><font size="2">배인 </font><span lang="en-us"><font size="2">47,850</font></span><font size="2">원이라는 의미에요</font><span lang="en-us"><font size="2">. </font></span><font size="2">낮을수록 현재 시세가 싸다는 얘기겠죠</font><span lang="en-us"><font size="2">? </font></span><font size="2">실제로 </font><span lang="en-us"><font size="2">PBR</font></span><font size="2">이 </font><span lang="en-us"><font size="2">1.0</font></span><font size="2">보다 한참 아래인 경우</font><span lang="en-us"><font size="2">, </font></span><font size="2">당장 영업을 끝내고 청산하게 되면 주가보다 높은 청산배당을 받게 돼요</font><span lang="en-us"><font size="2">.</font></span></font> <div></div></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"><font size="2"><font face="맑은 고딕">자<span lang="en-us">, </span>이제 <span lang="en-us">PER, PBR</span>의 기본 개념을 알아봤으니까 실제로 비교를 해 볼까요<span lang="en-us">?</span></font></font></font></div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"><font size="2"><font face="맑은 고딕"><span lang="en-us"></span></font></font></font> </div> <div class="MsoListParagraph" style="text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"><font size="3"><font size="2"><font face="맑은 고딕"><span lang="en-us"><span lang="en-us"><font face="맑은 고딕" size="2"><font size="2"><font face="맑은 고딕">아까 <span lang="en-us">5-8</span>의 네이버 종목 검색 화면을 밑으로 내려보면<span lang="en-us">, </span>네이버에서 뽑아준 공일업종 비교표를 보실 수가 있어요<span lang="en-us">.</span></font></font></font></span></span></font></font></font> <div></div></div> <div class="MsoListParagraph" style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:'굴림';font-size:12px;font-style:normal;font-weight:400;margin-left:38pt;word-spacing:0px;white-space:normal;"> </div> <div style="text-align:left;"><img style="width:676px;height:1048px;" alt="5-11.png" src="http://thimg.todayhumor.co.kr/upfile/202003/15855781274362847b23d742f6ba11b725d273b564__mn622945__w737__h1083__f136287__Ym202003.png"></div><font size="3"></font> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕"><span lang="en-us">[5-11. </span>업종비교<span lang="en-us">]</span></font></font> <div></div></div><font size="3"></font> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div><font size="3"></font> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">삼성전자의 경우에는 반도체 관련 업종들이 비교대상으로 나열돼 있네요<span lang="en-us">.</span></font></font> <div></div></div><font size="3"></font> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><span lang="en-us"></span> <div><font face="맑은 고딕" size="2"> </font></div></div><font size="3"></font> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">삼성전자는 <span lang="en-us">PER</span>가 <span lang="en-us">15.11, PBR</span>이 <span lang="en-us">1.28</span>로 계산되어 있는데요<span lang="en-us">.</span></font></font> <div></div></div><font size="3"></font> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕"><span lang="en-us">sk</span>하이닉스에 비해서 <span lang="en-us">PER</span>이 저평가되고<span lang="en-us">, PBR</span>은 거의 비슷해 보입니다<span lang="en-us">.</span></font></font> <div></div></div><font size="3"></font> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕"><span lang="en-us">PER</span>이 낮다는 말은<span lang="en-us">, </span>주당 순이익이 높다는 뜻이에요<span lang="en-us">. </span>이해가 혹시 안 가시나요<span lang="en-us">?</span></font></font> <div></div></div><font size="3"></font> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">삼성전자의 올 해 순이익이 주가에 비해 <span lang="en-us">1/15 </span>정도 났다는 거거든요<span lang="en-us">.</span></font></font> <div></div></div><font size="3"></font> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">반면에 <span lang="en-us">sk</span>하이닉스는 올 해 순이익이 현재 주가에 비해 <span lang="en-us">1/30</span>정도 난 거에요<span lang="en-us">.</span></font></font> <div></div></div><font size="3"></font> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">그러니까 지금 주가 대비해서 삼성전자의 순수익이 <span lang="en-us">sk</span>하이닉스에 비해서 두 배 정도 크다는 거랍니다<span lang="en-us">.</span></font></font> <div></div></div><font size="3"></font> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">반면에 리노공업의 경우에는 <span lang="en-us">PER</span>과 <span lang="en-us">PBR</span>이 삼성전자보다 높죠<span lang="en-us">?</span></font></font> <div></div></div><font size="3"></font> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">현재주가에 비해 순이익이 올 해 <span lang="en-us">1/21 </span>정도 났고<span lang="en-us">, </span>총 자산<span lang="en-us">(</span>자본<span lang="en-us">)</span>에 비해 주가는 <span lang="en-us">3.72</span>배 높은 가격에 거래되고 있다는 거에요<span lang="en-us">.</span></font></font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕">그 이유가 뭘까요<span lang="en-us">?</span></font></font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕"><span lang="en-us"></span>아마도 주주들이 리노공업에 거는 기대가 상당히 큰 것 같네요<span lang="en-us">. </span></font></font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"><font size="2"><font face="맑은 고딕"><span lang="en-us"></span>수익이 많이 늘 거라고 예상하는 사람들이 많다거나<span lang="en-us">, </span>아니면 그 회사가 가지고 있는 자산<span lang="en-us">(</span>땅이나 달러 등등<span lang="en-us">)</span>의 자산가치가 늘어날 것이라고 예상되면 <span lang="en-us">PER, PBR</span>이 높더라도 사람들이 주식을 기꺼이 사고 싶을 거에요<span lang="en-us">.</span></font></font></div> <div class="MsoListParagraph" style="margin:0cm 0cm 8pt 38pt;"></div><font size="3"></font><br class="Apple-interchange-newline">