Hello everyone, in this slidecast I will try to explain what happened to Dexia's stock price by looking at certain figures and by linking this to certain events. I hope that you will find it interesting and useful!

1. By Julie Van den Bosch

2. Table of contents
1. Figures and ratio’s
2. Relationship
3. Comparison with stock price
4. What happened?

3. 1. Figures and ratio’s

4. 1. Figures and ratio’s
 Income ratio
 Operating expenses Net income
 = expenses / income
Income ratio
140%
120%
100%
080%
060% Income ratio
040%
020%
000%
2005 2006 2007 2008 2009 2010 2011

5. 1. Figures and ratio’s
 Return on equity
 Profit on equity
Return on equity
40%
20%
0%
2005 2006 2007 2008 2009 2010 2011
-20%
Return on equity
-40%
-60%
-80%
-100%

6. 1. Figures and ratio’s
 Risk premium
 Compensation of risk
 = Return on equity – long-term bond
 4%

7. 2. Relationship
Profitability
150%
100%
050%
Income ratio
Return on equity
000%
2005 2006 2007 2008 2009 2010 2011
-050%
-100%

8. 3. Comparison with stock price

9. 4. What happened?
09 +18/09/2008:
Lehman Brothers
30/09/2008:
Moody’s
06/02/2010:
Plan
04/10/2011:
Panic
05/03/2009

10. Conclusion

11. Sources
CARRIJN, L., Bank, beurs en verzekeringen, Gent, Academia Press, 2011, 365 blz.
10th of October, ‘De Tijd’, retrieved from:
http://grafieken.tijd.be/60114920
10th of October, ‘Wikipedia’, retrieved from:
http://nl.wikipedia.org/wiki/Dexia
10th of October, ‘Dexia’, retrieved from:
http://www.dexia.com/NL/aandeelhouder_belegger/individuele_aandeelhouders/publicaties/
Documents/RA_2011_NL.pdf
11th of October, ‘Test Aankoop’, retrieved from:
http://www.test-aankoop.be/invest/exploitatiecoefficient-s292870.htm
11th of October, ‘Dexia’, retrieved from:
http://www.dexia.com/NL/journalist/persberichten/Documents/20080918_lehman_NL.pdf