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Performance Analysis Through Financial Rates In The Case Of Nuclearelectrica, Societatea Energetica Electrica And S.N.G.N. Romgaz

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  • Luiza Mãdãlina APOSTOL

    (Faculty of Economics and Law, University of Pitesti, Romania)

Abstract

This paper presents an analysis of the financial performance for the period 2013-2019 based on the financial statements of three companies in the energy field (Nuclearelectrica and Societatea Energetica Electrica in the field of electricity and SNGN Romgaz in the field of oil and gas), listed at Bucharest Stock Exchange, in order to select shares for the investment decision. The analysis from the perspective of third parties, especially creditors (solvency, liquidity) was combined with the analysis from the perspective of investors through profitability, in order to have a detailed picture of the profitability perceived by potential investors. In the last part of the paper, we centralized the results of the analysis in the form of a score function whose result would reflect the total performance of the three companies.

Suggested Citation

  • Luiza Mãdãlina APOSTOL, 2020. "Performance Analysis Through Financial Rates In The Case Of Nuclearelectrica, Societatea Energetica Electrica And S.N.G.N. Romgaz," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 19(3), pages 3-12.
    • Handle: RePEc:pts:journl:y:2020:i:3:p:3-12
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    References listed on IDEAS

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    1. Holthausen, Robert W. & Larcker, David F., 1992. "The prediction of stock returns using financial statement information," Journal of Accounting and Economics, Elsevier, vol. 15(2-3), pages 373-411, August.
    2. Consuela DICU & Maria Daniela BONDOC & Mihaela Bianca POPESCU, 2019. "A Quantitative Approach To Profitability Ratios," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 18(1), pages 57-65.
    3. Ou, Jane A. & Penman, Stephen H., 1989. "Financial statement analysis and the prediction of stock returns," Journal of Accounting and Economics, Elsevier, vol. 11(4), pages 295-329, November.
    4. Abarbanell, JS & Bushee, BJ, 1997. "Fundamental analysis, future earnings, and stock prices," Journal of Accounting Research, Wiley Blackwell, vol. 35(1), pages 1-24.
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    Cited by:

    1. Luiza Mãdãlina APOSTOL & Maria-Daniela BONDOC, 2021. "Financial Performance Analysis From The Capital Market Indicators Perspective," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 20(3), pages 19-28.

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    More about this item

    Keywords

    Financial performance; Profitability indicators; Return of shares.;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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