Now suppose that the market value (in thousands of dollars) of Fincorp’s fixed assets in 2015 is $6,000, and that the value of its long-term debt is only $2,400. In addition, the consensus among investors is that Fincorp’s past investments in developing the skills of its employees are worth $2,900. This investment of course does not show up on the balance sheet. What will be the price per share of Fincorp stock?
Here are some data on Fincorp, Inc., that you should use. Fincorp follows IFRS. The statement of financial position items correspond to values at year-end of 2014 and 2015, while the statement of comprehensive income items correspond to revenues or expenses during the year ending in either 2014 or 2015. All values are in thousands of dollars.