discount cash flow method 中文意思是什麼
discount cash flow method
解釋
現金流量貼現法-
The key tasks of this paper mainly include : ( 1 ) puting forward the emphases and difficulties of enterprise m & a decision, and holding that decision - makers should make decision according to the principle of value creation ; ( 2 ) setting up estimation model of value creation in m & a, including synergy effect model, m & a transaction and evaluation model, m & a net income model, etc. ; ( 3 ) explaining the application of virous valuation method and discussing how to choose proper valuation method in m & a decision ; ( 4 ) studying the valuation of synergy effect after calculating the independet value of both enterprises respectively before m & a and the combined enterprise after m & a by discount cash flow method ; ( 5 ) studying the valuation of the target enterprise ' s expected value, in which general target enterprises are valuated with several kinds of valuation techniques while high - tech target enterprises are valuated by option pricing model
在研究過程中,本文試圖運用價值評估技術,在並購決策中確立一套較為完整的價值分析方法,以使決策者有效的判斷並購能否創造價值,從而作出正確的並購決策。本文的核心工作主要包括: ( 1 )提出了企業並購決策的重點與難點,認為決策者應根據價值創造原則進行並購決策。 ( 2 )建立了並購創造價值的估測模型,具體包括協同效應模型、並購交易估價模型和並購凈收益模型。 -
The cash flow discount method is the most basic pricing principal among the varied financial asset pricing measures, and the main ideas of this method is that : firstly, the cash flow of the financial asset should be estimated, and the proper discount rate should be chosen ; secondly, the assessed cash flow is discounted with the chosen interest rate, and the results are added together to get the theoretical price of the financial asset
在金融資產定價的方法中,現金流貼現定價是最基本的定價原理,其主要的思路就是首先估計金融資產的現金流,選擇恰當的貼現利率,然後將估計的現金流以選擇的利率進行貼現,最後加總得到金融資產的理論價格。 -
The key factors to apply revenue method is to forecast the cash flow of the enterprises and to select appropriate discount
運用收益法時關鍵要預測被評估企業的現金流量,並選取恰當的折現率。 -
Discount cash flow model ( dcf ) is supposed to be the most scientific and consummate valuation method in most literature concerning corporation merger and acquisition
貼現現金流模型被大多數關于公司收購的文獻認為是最科學、最成熟的價值評估方法。 -
This paper conducted a relatively deep and systematic exploration from the following aspects : 1. the course of choosing the merger was systematically demonstrated, and 4 modes of assessing the objective agribusiness " value ( asset basement method, income method, discount cash flow method and formulary assessment ) were presented and discussed. 2
本文主要從以下幾個方面作了較深入和系統的探索: 1 、系統地論證了企業並購的選擇過程,論述企業並購重組過程中適用價值評估的四種定價模型:資產價值基礎法、收益法、貼現現金流量法和公式評估法。 -
Chapter ii presents an analysis of the theoretical model of the discount cash flow ( dcf ) method, and expounds the application of the dcf method in actual practice and the major problems encountered and their solutions
第二章分析了折現現金流量法( dcf )的理論模型,探討折現現金流量法在實際當中的應用,遇到的主要問題及其解決辦法。 -
However, there is not much study on evaluation of enterprise value about sustainable operating enterprises. even though there is relative evaluation method such as discount cash flow model ( dcfm ), it is static too, and the dynamic change of enterprise ' s value and cash flow are not been reflected well. those parameters in this model such a
而對持續經營的企業價值進行估價的研究並不明顯,即使有相關的估價方法如折現現金流量方法,也只是靜態的現金流量方法,企業價值和現金流量的動態變化沒有得到很好的反映,關于這個模型的參數(如折現率和企業存續期)也缺乏定量與定性分析。
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