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multiple expansion (for return)

French translation: expansion des multiples

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	multiple expansion
French translation:	expansion des multiples
Entered by:	Stéphanie Soudais

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11:10 Nov 8, 2009

English to French translations [PRO]
Bus/Financial - Finance (general)

English term or phrase: multiple expansion (for return)

We are shifting from a market that is dependent on multiple expansion for return to one that relies on earnings growth to move higher.

I am not sure if "multiple expansion for return" is a term or if "multiple expansion" only is a term and if " for return" refers to "to one" ("for return to one"). Thank you for your help.

Marina Colson KudoZ activity Questions: 49 (none open) (1 closed without grading) Answers: 0 Czech Republic
Local time: 06:26

expansion des multiples

Explanation:
Il faut lire : We are shifting from a market (that is dependent on multiple expansion for return) to a market that relies on earnings growth to move higher.

La performance/les rendements sur le premier marché dépend de l'augmentation/l'expansion des multiples.

Ceci dit, la performance des 30 dernières années n’est pas du tout en ligne avec les performances historiques. C’est la décomposition des composantes du rendement total des actions (rendement du dividende, croissance des bénéfices et expansion des multiples) sur longue période qui le met le mieux en évidence
http://www.globalix.fr/content/actions-sources-de-performanc...

Les études montrent que [le dividende d'une action] représente de 40 à 50 % de la rémunération de l'actionnaire, le reste venant de la croissance des bénéfices et, éventuellement, de l'augmentation des multiples.
http://index.jdf.com/parti/croissance/large.html