{"id":1753,"date":"2026-01-01T19:00:33","date_gmt":"2026-01-01T18:00:33","guid":{"rendered":"https:\/\/mueckinvest.de\/?p=1753"},"modified":"2026-04-01T06:00:00","modified_gmt":"2026-04-01T04:00:00","slug":"26-%d8%ac%d9%86%d9%88%d8%b1%db%8c-%da%a9%d9%88-%d8%a7%db%8c%d9%85%db%8c%d9%b9%d8%b1-%d8%b1%d8%b3%da%a9-%da%a9%d8%a7-%d8%a7%d9%86%d8%af%d8%a7%d8%b2%db%81","status":"publish","type":"post","link":"https:\/\/mueckinvest.com\/ur\/jan-26-einschaetzung-des-emittenrisikos\/","title":{"rendered":"\u062c\u0627\u0631\u06cc \u06a9\u0646\u0646\u062f\u06c1 \u06a9\u0627 \u062e\u0637\u0631\u06c1: \u062c\u0646\u0648\u0631\u06cc 2026"},"content":{"rendered":"<h2 class=\"wp-block-heading\">\u0628\u0646\u06cc\u0627\u062f\u06cc \u062a\u062c\u0632\u06cc\u06c1 \u0644\u06cc\u0646\u06af \u0627\u06cc\u0646\u0688 \u0634\u0648\u0627\u0631\u0632<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">1. \u0645\u0627\u0644\u06cc\u0627\u062a\u06cc \u062a\u0646\u0627\u0633\u0628<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u0645\u0627\u0631\u06a9\u06cc\u0679 \u06a9\u06cc\u067e\u0679\u0644\u0627\u0626\u0632\u06cc\u0634\u0646:<\/strong> \u062a\u0642\u0631\u06cc\u0628\u0627 213\u2013218 \u0645\u0644\u06cc\u0646 \u06cc\u0648\u0631\u0648<\/li>\n\n\n\n<li><strong>P\/E \u062a\u0646\u0627\u0633\u0628 (2025):<\/strong> \u062a\u0642\u0631\u06cc\u0628\u0627\u064b 8.2 - \u0635\u0646\u0639\u062a \u06a9\u06cc \u0627\u0648\u0633\u0637 \u06a9\u06d2 \u0645\u0642\u0627\u0628\u0644\u06d2 \u0645\u06cc\u06ba \u0627\u06cc\u06a9 \u0627\u06c1\u0645 \u06a9\u0645 \u062a\u0634\u062e\u06cc\u0635<\/li>\n\n\n\n<li><strong>\u0645\u0646\u0627\u0641\u0639 \u06a9\u06cc \u067e\u06cc\u062f\u0627\u0648\u0627\u0631:<\/strong> \u062d\u0633\u0627\u0628 \u0627\u0648\u0631 \u062a\u0642\u0633\u06cc\u0645 \u06a9\u06d2 \u0633\u0627\u0644 \u06a9\u06d2 \u0644\u062d\u0627\u0638 \u0633\u06d2 2.9 % \u0627\u0648\u0631 9.1 % \u06a9\u06d2 \u062f\u0631\u0645\u06cc\u0627\u0646<\/li>\n\n\n\n<li><strong>\u0627\u06cc\u06a9\u0648\u06cc\u0679\u06cc \u062a\u0646\u0627\u0633\u0628:<\/strong> \u0679\u06be\u0648\u0633 17.3 \u0645\u0644\u06cc\u0646 \u06cc\u0648\u0631\u0648 \u0627\u0636\u0627\u0641\u06cc \u0628\u06cc\u0646\u06a9\u0646\u06af \u06a9\u06d2 \u0639\u0645\u0648\u0645\u06cc \u062e\u0637\u0631\u0627\u062a \u06a9\u06d2 \u0644\u06cc\u06d2 \u0641\u0646\u0688 \u06a9\u06d2 \u0644\u06cc\u06d2 \u0645\u062e\u062a\u0635 \u06a9\u06cc\u06d2 \u06af\u0626\u06d2 \u062a\u06be\u06d2\u06d4<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. \u0645\u0646\u0627\u0641\u0639 \u0627\u0648\u0631 \u062a\u0642\u0633\u06cc\u0645 \u06a9\u06cc \u067e\u0627\u0644\u06cc\u0633\u06cc<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u0644\u06cc\u0646\u06af \u0627\u06cc\u0646\u0688 \u0634\u0648\u0627\u0631\u0632 2025 \u06a9\u06d2 \u0644\u06cc\u06d2 [\u0631\u0642\u0645 \u063a\u0627\u0626\u0628] \u06a9\u06d2 \u0645\u0646\u0627\u0641\u0639 \u06a9\u06cc \u0645\u0646\u0635\u0648\u0628\u06c1 \u0628\u0646\u062f\u06cc \u06a9\u0631 \u0631\u06c1\u06d2 \u06c1\u06cc\u06ba\u06d4 <strong>1.75 \u06cc\u0648\u0631\u0648 \u0641\u06cc \u0634\u06cc\u0626\u0631<\/strong>, \u062c\u0648 \u06a9\u06c1 \u0633\u0627\u0644\u0627\u0646\u06c1 \u0633\u0631\u067e\u0644\u0633 \u06a9\u06d2 \u062a\u0642\u0631\u06cc\u0628\u0627\u064b 75% \u06a9\u06d2 \u0645\u0633\u0627\u0648\u06cc \u06c1\u06d2\u06d4<\/li>\n\n\n\n<li>\u06cc\u06c1 \u0627\u0639\u0644\u06cc \u0627\u062f\u0627\u0626\u06cc\u06af\u06cc \u06a9\u0627 \u062a\u0646\u0627\u0633\u0628 \u0645\u0646\u0627\u0641\u0639 \u0645\u06cc\u06ba \u0627\u0639\u062a\u0645\u0627\u062f \u06a9\u0627 \u0627\u0634\u0627\u0631\u06c1 \u062f\u06cc\u062a\u0627 \u06c1\u06d2\u060c \u0644\u06cc\u06a9\u0646 \u063a\u06cc\u0631 \u0645\u062a\u0648\u0642\u0639 \u0628\u0648\u062c\u06be \u06a9\u06d2 \u0633\u0627\u0645\u0646\u06d2 \u0644\u0686\u06a9 \u06a9\u0648 \u06a9\u0645 \u06a9\u0631\u062a\u0627 \u06c1\u06d2\u06d4.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3. \u062e\u0637\u0631\u06d2 \u06a9\u06d2 \u0639\u0648\u0627\u0645\u0644<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u062a\u062c\u0627\u0631\u062a\u06cc \u0633\u0631\u06af\u0631\u0645\u06cc\u0627\u06ba:<\/strong> \u06a9\u0627\u0631\u0648\u0628\u0627\u0631\u06cc \u062d\u062c\u0645 \u062a\u06cc\u0632\u06cc \u0633\u06d2 \u0628\u0691\u06be \u0631\u06c1\u0627 \u06c1\u06d2\u060c \u062c\u0633 \u0645\u06cc\u06ba \u0633\u06cc\u06a9\u06cc\u0648\u0631\u0679\u06cc \u0688\u067e\u0627\u0632\u0679\u0633 (\u0645\u0627\u0631\u062c\u0646\u0632) \u06a9\u06d2 \u0644\u06cc\u06d2 \u0627\u0639\u0644\u06cc\u0670 \u062a\u0642\u0627\u0636\u06d2 \u0634\u0627\u0645\u0644 \u06c1\u06cc\u06ba\u06d4<\/li>\n\n\n\n<li><strong>\u06a9\u06cc\u067e\u0679\u0644 \u0645\u0627\u0631\u06a9\u06cc\u0679 \u06a9\u06d2 \u0645\u0627\u062d\u0648\u0644 \u067e\u0631 \u0627\u0646\u062d\u0635\u0627\u0631:<\/strong> \u0633\u06cc\u06a9\u06cc\u0648\u0631\u0679\u06cc\u0632 \u0679\u0631\u06cc\u0688\u0646\u06af \u0628\u06cc\u0646\u06a9 \u06a9\u06d2 \u0637\u0648\u0631 \u067e\u0631\u060c \u0644\u06cc\u0646\u06af \u0627\u06cc\u0646\u0688 \u0634\u0648\u0627\u0631\u0632 \u0645\u0639\u0627\u0634\u06cc \u062d\u0627\u0644\u0627\u062a \u0627\u0648\u0631 \u0645\u0627\u0631\u06a9\u06cc\u0679 \u06a9\u06d2 \u062c\u0630\u0628\u0627\u062a \u067e\u0631 \u0628\u06c1\u062a \u0632\u06cc\u0627\u062f\u06c1 \u0627\u0646\u062d\u0635\u0627\u0631 \u06a9\u0631\u062a\u0627 \u06c1\u06d2\u06d4.<\/li>\n\n\n\n<li><strong>\u0688\u06cc\u0648\u06cc\u0688\u0646\u0688 \u067e\u0627\u0644\u06cc\u0633\u06cc:<\/strong> \u0627\u06cc\u06a9 \u062c\u0627\u0631\u062d\u0627\u0646\u06c1 \u0688\u06cc\u0648\u06cc\u0688\u0646\u0688 \u067e\u0627\u0644\u06cc\u0633\u06cc \u0645\u0627\u0631\u06a9\u06cc\u0679 \u06a9\u06d2 \u062f\u0628\u0627\u0624 \u06a9\u06cc \u0635\u0648\u0631\u062a \u0645\u06cc\u06ba \u0633\u0631\u0645\u0627\u0626\u06d2 \u06a9\u06cc \u0628\u0646\u06cc\u0627\u062f \u06a9\u0648 \u06a9\u0645\u0632\u0648\u0631 \u06a9\u0631 \u0633\u06a9\u062a\u06cc \u06c1\u06d2\u06d4.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4. \u0627\u0645\u06a9\u0627\u0646\u0627\u062a<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u0645\u0633\u062a\u062d\u06a9\u0645 \u0645\u0646\u0627\u0641\u0639:<\/strong> \u0645\u0646\u0627\u0641\u0639 \u06a9\u06cc \u062a\u0631\u0642\u06cc \u0646\u06d2 2019 \u06a9\u06d2 \u0628\u0639\u062f \u0633\u06d2 \u0627\u0648\u067e\u0631 \u06a9\u06cc \u0637\u0631\u0641 \u0648\u0627\u0636\u062d \u0631\u062c\u062d\u0627\u0646 \u062f\u06a9\u06be\u0627\u06cc\u0627 \u06c1\u06d2\u06d4<\/li>\n\n\n\n<li><strong>\u067e\u0631\u06a9\u0634\u0634 \u062f\u0631\u062c\u06c1 \u0628\u0646\u062f\u06cc:<\/strong> \u06a9\u0645 P\/E \u062a\u0646\u0627\u0633\u0628 \u0627\u0648\u0631 \u0632\u06cc\u0627\u062f\u06c1 \u0688\u06cc\u0648\u06cc\u0688\u0646\u0688 \u06a9\u06cc \u067e\u06cc\u062f\u0627\u0648\u0627\u0631 \u0627\u0633\u0679\u0627\u06a9 \u06a9\u0648 \u0633\u0631\u0645\u0627\u06cc\u06c1 \u06a9\u0627\u0631\u0648\u06ba \u06a9\u06d2 \u0644\u06cc\u06d2 \u067e\u0631\u06a9\u0634\u0634 \u0628\u0646\u0627\u062a\u06cc \u06c1\u06d2\u06d4.<\/li>\n\n\n\n<li><strong>\u0631\u0633\u06a9 \u0628\u0641\u0631:<\/strong> \u0639\u0627\u0645 \u0628\u06cc\u0646\u06a9\u0646\u06af \u06a9\u06d2 \u062e\u0637\u0631\u0627\u062a \u06a9\u06d2 \u0644\u06cc\u06d2 \u0641\u0646\u0688 \u06a9\u0648 \u0645\u062e\u062a\u0635 \u06a9\u0631\u0646\u0627 \u0627\u06cc\u06a9\u0648\u06cc\u0679\u06cc \u06a9\u06cc\u067e\u0679\u0644 \u06a9\u0648 \u0645\u0636\u0628\u0648\u0637 \u06a9\u0631\u062a\u0627 \u06c1\u06d2 \u0627\u0648\u0631 \u0646\u0638\u0627\u0645\u06cc \u062e\u0637\u0631\u0627\u062a \u06a9\u0648 \u06a9\u0645 \u06a9\u0631\u062a\u0627 \u06c1\u06d2\u06d4<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">\u062c\u0627\u0631\u06cc \u06a9\u0646\u0646\u062f\u06c1 \u06a9\u06d2 \u062e\u0637\u0631\u06d2 \u06a9\u06cc \u062a\u0634\u062e\u06cc\u0635<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u0645\u062e\u062a\u0635\u0631 \u0645\u062f\u062a:<\/strong> \u062c\u0627\u0631\u06cc \u06a9\u0631\u0646\u06d2 \u0648\u0627\u0644\u0627 \u06a9\u0648\u0626\u06cc \u0634\u062f\u06cc\u062f \u062e\u0637\u0631\u06c1 \u0638\u0627\u06c1\u0631 \u0646\u06c1\u06cc\u06ba \u06c1\u06d2\u06d4 \u0679\u06be\u0648\u0633 \u0633\u0631\u0645\u0627\u0626\u06d2 \u06a9\u06cc \u0645\u0646\u0627\u0633\u0628\u06cc\u062a \u0627\u0648\u0631 \u062e\u0637\u0631\u06d2 \u06a9\u06d2 \u0627\u0646\u062a\u0638\u0627\u0645\u0627\u062a \u0627\u0633\u062a\u062d\u06a9\u0627\u0645 \u06a9\u06cc \u062a\u062c\u0648\u06cc\u0632 \u06a9\u0631\u062a\u06d2 \u06c1\u06cc\u06ba\u06d4.<\/li>\n\n\n\n<li><strong>\u062f\u0631\u0645\u06cc\u0627\u0646\u06cc \u0645\u062f\u062a \u0645\u06cc\u06ba:<\/strong> \u0627\u06c1\u0645 \u062e\u0637\u0631\u0627\u062a \u0632\u06cc\u0627\u062f\u06c1 \u0627\u062f\u0627\u0626\u06cc\u06af\u06cc \u06a9\u06d2 \u062a\u0646\u0627\u0633\u0628 \u0627\u0648\u0631 \u062a\u062c\u0627\u0631\u062a\u06cc \u062d\u062c\u0645 \u067e\u0631 \u0645\u0636\u0628\u0648\u0637 \u0627\u0646\u062d\u0635\u0627\u0631 \u0633\u06d2 \u067e\u06cc\u062f\u0627 \u06c1\u0648\u062a\u06d2 \u06c1\u06cc\u06ba\u06d4 \u0627\u06af\u0631 \u0645\u0627\u0631\u06a9\u06cc\u0679 \u06a9\u0627 \u0645\u0627\u062d\u0648\u0644 \u0627\u0686\u0627\u0646\u06a9 \u06af\u0631 \u062c\u0627\u062a\u0627 \u06c1\u06d2\u060c \u062a\u0648 \u0633\u0631\u0645\u0627\u06cc\u06c1 \u06a9\u06cc \u0628\u0646\u06cc\u0627\u062f \u062f\u0628\u0627\u0624 \u0645\u06cc\u06ba \u0622 \u0633\u06a9\u062a\u06cc \u06c1\u06d2\u06d4.<\/li>\n\n\n\n<li><strong>\u0637\u0648\u06cc\u0644 \u0645\u062f\u062a\u06cc \u0645\u06cc\u06ba:<\/strong> \u0628\u06cc\u06a9 \u0648\u0642\u062a \u0632\u06cc\u0627\u062f\u06c1 \u0645\u0646\u0627\u0641\u0639 \u06a9\u06cc \u0627\u062f\u0627\u0626\u06cc\u06af\u06cc \u0627\u0648\u0631 \u0627\u06cc\u06a9\u0648\u06cc\u0679\u06cc \u06a9\u0648 \u0645\u0636\u0628\u0648\u0637 \u06a9\u0631\u0646\u06d2 \u06a9\u06cc \u062d\u06a9\u0645\u062a \u0639\u0645\u0644\u06cc \u0628\u0646\u06cc\u0627\u062f\u06cc \u0637\u0648\u0631 \u067e\u0631 \u0645\u062b\u0628\u062a \u06c1\u06d2\u06d4 \u062a\u0627\u06c1\u0645\u060c \u063a\u06cc\u0631 \u0645\u0633\u062a\u062d\u06a9\u0645 \u0645\u0627\u0644\u06cc\u0627\u062a\u06cc \u062e\u062f\u0645\u0627\u062a \u06a9\u06d2 \u0634\u0639\u0628\u06d2 \u0645\u06cc\u06ba \u067e\u0627\u0626\u06cc\u062f\u0627\u0631 \u0645\u0646\u0627\u0641\u0639 \u0627\u06c1\u0645 \u06c1\u06d2\u06d4.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">\u0645\u0648\u0627\u0632\u0646\u06c1 \u06a9\u06cc \u0645\u06cc\u0632 \u2013 \u0645\u0648\u0627\u0642\u0639 \u0628\u0645\u0642\u0627\u0628\u0644\u06c1 \u062e\u0637\u0631\u0627\u062a<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u0639\u0646\u0635\u0631<\/th><th>\u0645\u0648\u0627\u0642\u0639<\/th><th>\u062e\u0637\u0631\u0627\u062a<\/th><\/tr><\/thead><tbody><tr><td>\u0642\u062f\u0631 (P\/E \u062a\u0646\u0627\u0633\u0628)<\/td><td>\u067e\u0631\u06a9\u0634\u0634 \u0637\u0648\u0631 \u067e\u0631 \u06a9\u0645 (\u062a\u0642\u0631\u06cc\u0628\u0627\u064b 8.2)<\/td><td>\u062c\u0645\u0648\u062f \u06a9\u0627 \u0634\u06a9\u0627\u0631 \u0628\u0627\u0632\u0627\u0631\u0648\u06ba \u0645\u06cc\u06ba \u062a\u0631\u0642\u06cc \u06a9\u06d2 \u06a9\u0645 \u0627\u0645\u06a9\u0627\u0646\u0627\u062a<\/td><\/tr><tr><td>\u0688\u06cc\u0648\u06cc\u0688\u0646\u0688 \u067e\u0627\u0644\u06cc\u0633\u06cc<\/td><td>\u0632\u06cc\u0627\u062f\u06c1 \u0645\u0646\u0627\u0641\u0639\u060c \u0634\u06cc\u0626\u0631 \u06c1\u0648\u0644\u0688\u0631 \u06a9\u06d2 \u0645\u0648\u0627\u0641\u0642<\/td><td>% \u06a9\u06d2 \u0644\u06cc\u06d2 75% \u06a9\u06cc \u0627\u062f\u0627\u0626\u06cc\u06af\u06cc \u06a9\u0627 \u062a\u0646\u0627\u0633\u0628 \u0644\u0686\u06a9 \u06a9\u0648 \u06a9\u0645 \u06a9\u0631\u062a\u0627 \u06c1\u06d2\u06d4<\/td><\/tr><tr><td>\u0627\u06cc\u06a9\u0648\u06cc\u0679\u06cc<\/td><td>\u0628\u06cc\u0646\u06a9\u0646\u06af \u062e\u0637\u0631\u0627\u062a \u06a9\u06d2 \u0644\u06cc\u06d2 \u0641\u0646\u0688\u0632 \u06a9\u0648 \u062a\u0642\u0648\u06cc\u062a \u0645\u0644\u06cc<\/td><td>\u062a\u062c\u0627\u0631\u062a\u06cc \u062d\u062c\u0645 \u067e\u0631 \u0627\u0646\u062d\u0635\u0627\u0631 \u0632\u06cc\u0627\u062f\u06c1 \u06c1\u06d2\u06d4<\/td><\/tr><tr><td>\u0645\u0627\u0631\u06a9\u06cc\u0679 \u06a9\u0627 \u0645\u0627\u062d\u0648\u0644<\/td><td>\u0632\u06cc\u0627\u062f\u06c1 \u0627\u062a\u0627\u0631 \u0686\u0691\u06be\u0627\u0624 \u0645\u06cc\u06ba \u0645\u0646\u0627\u0641\u0639<\/td><td>\u0645\u0639\u0627\u0634\u06cc \u062d\u0627\u0644\u0627\u062a \u0627\u0648\u0631 \u062c\u0630\u0628\u0627\u062a \u067e\u0631 \u0645\u0646\u062d\u0635\u0631 \u06c1\u06d2\u06d4<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">5. \u0646\u062a\u06cc\u062c\u06c1<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u0644\u06cc\u0646\u06af \u0627\u06cc\u0646\u0688 \u0634\u0648\u0627\u0631\u0632 \u0641\u06cc \u0627\u0644\u062d\u0627\u0644 \u062e\u0648\u062f \u06a9\u0648 \u0628\u0637\u0648\u0631 \u067e\u06cc\u0634 \u06a9\u0631\u062a\u06d2 \u06c1\u06cc\u06ba\u06d4 <strong>\u067e\u0631\u06a9\u0634\u0634 \u062a\u0634\u062e\u06cc\u0635 \u0627\u0648\u0631 \u0627\u0639\u0644\u06cc \u0645\u0646\u0627\u0641\u0639 \u06a9\u06cc \u067e\u0627\u0644\u06cc\u0633\u06cc \u06a9\u06d2 \u0633\u0627\u062a\u06be \u0679\u06be\u0648\u0633 \u062c\u0627\u0631\u06cc \u06a9\u0646\u0646\u062f\u06c1<\/strong>. \u0641\u0648\u0631\u06cc \u0637\u0648\u0631 \u067e\u0631 \u062c\u0627\u0631\u06cc \u06a9\u0631\u0646\u06d2 \u0648\u0627\u0644\u0627 \u06a9\u0648\u0626\u06cc \u062e\u0637\u0631\u06c1 \u0638\u0627\u06c1\u0631 \u0646\u06c1\u06cc\u06ba \u06c1\u0648\u062a\u0627 \u06c1\u06d2\u06d4 \u0628\u06c1\u0631 \u062d\u0627\u0644\u060c \u0633\u0631\u0645\u0627\u06cc\u06c1 \u06a9\u0627\u0631\u0648\u06ba \u06a9\u0648 \u0686\u0627\u06c1\u06cc\u06d2 \u06a9\u06c1... <strong>\u062a\u062c\u0627\u0631\u062a\u06cc \u062d\u062c\u0645 \u0627\u0648\u0631 \u0627\u0639\u0644\u06cc \u0627\u062f\u0627\u0626\u06cc\u06af\u06cc \u06a9\u06d2 \u062a\u0646\u0627\u0633\u0628 \u067e\u0631 \u0627\u0646\u062d\u0635\u0627\u0631<\/strong> \u0627\u0646 \u0639\u0648\u0627\u0645\u0644 \u067e\u0631 \u0646\u0638\u0631 \u0631\u06a9\u06be\u06cc\u06ba\u060c \u06a9\u06cc\u0648\u0646\u06a9\u06c1 \u06cc\u06c1 \u0645\u0627\u0631\u06a9\u06cc\u0679 \u0645\u06cc\u06ba \u0645\u0646\u062f\u06cc \u06a9\u06cc \u0635\u0648\u0631\u062a \u0645\u06cc\u06ba \u0627\u0633\u062a\u062d\u06a9\u0627\u0645 \u06a9\u0648 \u0645\u062a\u0627\u062b\u0631 \u06a9\u0631 \u0633\u06a9\u062a\u06d2 \u06c1\u06cc\u06ba\u06d4.<\/p>","protected":false},"excerpt":{"rendered":"<p>Fundamentalanalyse Lang &amp; Schwarz 1. Finanzkennzahlen 2. Gewinn- und Aussch\u00fcttungspolitik 3. Risikofaktoren 4. Chancen Bewertung des Emittentenrisikos Vergleichstabelle \u2013 Chancen vs. Risiken Faktor Chancen Risiken Bewertung (KGV) Attraktiv niedrig (ca. 8,2) Geringe Wachstumsfantasie bei stagnierenden M\u00e4rkten Dividendenpolitik Hohe Rendite, Aktion\u00e4rsfreundlich Aussch\u00fcttungsquote von 75 % reduziert Flexibilit\u00e4t Eigenmittel Fonds f\u00fcr Bankrisiken gest\u00e4rkt Abh\u00e4ngigkeit von Handelsvolumen bleibt [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[64],"tags":[276,394,128],"class_list":["post-1753","post","type-post","status-publish","format-standard","hentry","category-emittentenrisiko","tag-dividenden","tag-konjunktur","tag-volatilitaet","pmpro-has-access"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Fundamentalanalyse Lang &amp; Schwarz 1. 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