現金流量折現 的英文怎麼說

中文拼音 [xiànjīnliúliángzhéxiàn]
現金流量折現 英文
discounted cash flow=dcf
  • 現 : Ⅰ名詞1 （現在; 此刻） present; now; current; existing 2 （現款） cash; ready money Ⅱ副詞（臨時; ...
  • 金 : Ⅰ名詞1 （金屬） metals 2 （錢） money 3 （古時金屬制的打擊樂器） ancient metal percussion instrum...
  • 流 : Ⅰ動1 （液體移動; 流動） flow 2 （移動不定） drift; move; wander 3 （流傳; 傳播） spread 4 （向壞...
  • 量 : 量動1. （度量） measure 2. （估量） estimate; size up
  • 折 : 折動詞[口語]1. （翻轉） roll over; turn over 2. （倒過來倒過去） pour back and forth between two containers
  • 現金 : 1 （現款） ready money; cash; ready 2 （銀行庫存的貨幣） cash reserve in a bank; 現金儲備 cash re...
  • 流量 : rate of flow; flow; runoff; discharge; throughput; （flow） rate; quantity （of flow）; flux
  1. Contents of this course include : basic concepts of financial management, atternative forms of business organization, financial statement analysis, break - even analysis, operating & financial leverages, managing working capital, short - term financing, financial mathematics, capital budgeting & risk, discounter - cash - flow model, fundamentals of securities valuation, cost of capital, capital structure, dividend policy, long - term financing, leases, mergers & acquisitions, holding companies, restructure and liquidation

    課程涵蓋了財務管理的基本概念，企業組織型態，財務報表分析，損益平衡分析， ?桿原理，營運資金管理，短期融資，財務數學，資本預算及風險，現金流量折現模型，證券評價基礎，資金成本，資本結構，股利政策，長期融資，租賃，並購，握股公司，重整及清算等重要課題。
  2. 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。
  3. In the aspects of choice that make the price method, because of canning compare the company analysis method with can compare the bargain analysis method must have the prosperous capital market, more case example, lack domestic current the bargain of the state - owned property to say, very much the enough case example props up. and buy the market multiple analysis method analyze first public of and buy the market bargain multiple, and usually is trading the scale to ascend to take into the restrict with the industry category, for example, can be provided as analytic bargain a bargain for being limited by this front in six months, target company in the electric power profession, the scale limit in 50, 000, 000 dollars including, this kind of method and ca n ' t provide the help of high times. but the dividends usuallies convert into cash to analyze the method to get the analysis of the bonus from the target company to the value that get the target company. the above method exsits current state - owned property make price very much the localization of the different degree, the past a text tries to use value analysis method as to lends support to the method, the cash discharge converts into cash to analyze method ( the method of dcf ) as the main method, the certain state - owned property procures the price. among them, use the cash discharge converts into cash to analyze the method makes sure the income is after procuring, value analysis the method gets of result the conduct and actions manages with state - owned property the section to make the basis of the price for the state - owned property, two kinds of methods is mutually combinative, make sure the state - owned property procure the price

    以上方法對于目前國有資產的作價都存在不同程度的局限，故本文嘗試用賬面價值分析法為輔助方法，現金流量折現分析法（ dcf法）為主要方法，確定國有資產收購價格。其中，用現金流量折現分析法確定收購之後的收益，賬面價值分析法得到的結果作為與國有資產管理部門就國有資產作價的依據，兩種方法相互結合，來確定國有資產收購價格。同時論文對國有企業收購整合的模式作了積極的探索，地方電力公司投資新的水利發電項目往往同時有一部份是排灌、防洪等非經營性的，或稱為公益性的無收益項目，論文對新建項目的經營性資產與非經營性資產合理比例作了深入的探討，重慶大學碩士學位論文並建立了分析模型，對于新項目的投入資金結構進行了較為深入的分析，並建立了相應的項目融資模型。
  4. Ensuring stable cash flow will enhance enterprise ' s value, risk management is a effective method for this aim. western banking have been proficient in exercising var to evaluate risk. being assets, the paper believes var can be used in non - financial enterprise risk evaluation to show risk exposure in a simple and clear way

    企業的價值是其未來現金流的折現值之和，保證未來現金流的穩定性，無疑會增加企業的價值，風險管理可以有效達到這一目的；西方金融業已經能夠熟練運用var技術進行風險衡量，由於同為資產，本文相信var技術同樣能運用於非金融企業，以簡單明了揭示其風險暴露程度。
  5. Where an adjustment has been made to the specific risks of the asset when an estimate of the future cash flow of an asset is made, it does not need to take into consideration these specific risks when making an estimate of the discount rate

    在預計資產的未來現金流量時已經對資產特定風險的影響作了調整的，估計折現率不需要考慮這些特定風險。
  6. Management decision is the main problem of the enterprise administration, while financial decision is the most important part of management. the object of finance decision is gathering and using funds to maximize company ? s value with the best of capital construction, minimum of financial risk and maximum earnings. asset assessment in business enterprise bases on financial analysis, which assesses to the total value of company ? s assess

    本文主要運用比較分析法、趨勢分析法、比率分析法和杜邦分析法等基本財務分析方法以及資本資產定價模型和現金流量折現的方法，詳細分析了康佳集團的財務狀況，並對其整體進行價值評估和確定，透視其存在的主要問題，如抵禦市場風險能力較弱、效益大幅度波動。
  7. The second, third and fourth chapter, introduce three main enterprise valuation approaches and methods : dcf ( discounted cash flow ) method, market multiplier method and adjusting the book value of the financial statements. these chapters are also the predominant part of this thesis. the fifth chapter focuses on the comparison research on the different valuation methods, sets forth the advantages and disadvantages of each method, at the same time, introduces rim, eva and ddm valuation methods

    本文共分五部分：第一部分介紹企業價值概念；第二、三、四部分分別介紹了現金流量折現法、市場比較評估法、調整賬面價值法三種企業價值評估方法，並對每種方法的關鍵理論問題做出了闡述；第五部分對這些評估方法進行了比較研究，分析了各方法的優點和不足，提出了各方法的適用范圍，並簡要介紹了rim 、 eva和ddm三種國外較新的價值評估方法。
  8. Use the quantitative analysis tools to valuate use trend extrapolation to forecast sales revenue, linear regression to forecast the future cash flows, tow ? stage discounting cash flow model to valuate the physical assets of zte co. and black ? scholes option pricing model to valuate its growth opportunity or real option. and from the qualitative perspective analyze the reasons for deviations from the enterprise value

    用趨勢外推法預測銷售收入，用線性回歸法預測未來現金流量，用兩階段折現現金流量模型評估中興現有資產價值;用布萊克-斯克爾斯期權定價模型預測在競爭條件下中興的增長機會價值;在結尾處，從定性分析的角度研究產生估價偏差的原因。
  9. However, if an acquirer buys the building for $ 1 million, the tax basis is " stepped up " to $ 1 million, and the acquirer can then take more depreciation from this larger basis, thereby enjoying greater tax deductions and cash flow

    但如果一家公司以100萬美元的價格購買該樓，計稅標準就被抬高到100萬，這樣買方就能得到更多的折舊，並因而享受更多的課稅減免和更充裕的現金流量。
  10. Secondly, by combining with the whole process of m & a analysis the thesis comprehensively introduces the main contents and methods of business m & a " s value appraisal and detailedly introduces principles of discounted cash flow method, comparable company analysis method, comparable transaction analysis method, as well as the way how to determine the main parameters of them by giving corresponding examples. after that, it analyses the suitable range for use of different appraisal methods and the present situation of our country ' s business value appraisal, point out the problems and puts forward the solutions of them. thirdly, the thesis separately expounds how to choose financing policies and financing channels, how to analyse financing costs, how to determine the unit of financing ways

    本文通過融會國內外企業並購相關理論，辨析了企業並購的概念和動機，介紹了企業並購的一般模式及並購方式的選擇；其次結合併購分析的大致過程全面介紹了企業並購的價值評估的主要內容及方法，對其中的現金流量折現法、可比公司分析法、可比交易分析法的原理及主要參數的確定予以了詳細的介紹，並分別附以相應的實例分析，同時還分析了不同評估方法的適用范圍和我國的企業並購價值評估現狀，指出了其中存在的問題，並提出了解決建議；此外，對企業並購的融資政策、融資渠道的選擇、融資成本分析和融資方式的確定單位? ?予以論述；最後，本文分析了企業並購的財務陷阱的成因及其可能造成的損失，並結合實際提出了避免財務陷阱的措施。
  11. To those enterprises whose cash flows are continually negative, the cash flow discount model will fail to evaluate the enterprise value. therefore, to those enterprises that have negative cash flows but still have potential value, the paper suggests to use black - scholes option pricing model and eva model to assess them in order to remedy the defects of cash flow discount model

    對于現金流量連續為負值的企業，現金流量折現模型會失效，因此論文提出對于現金流量為負值、但是仍然具有潛在價值的企業，可以利用布萊克-舒爾茨大連理工大學博士學位論文期權定價模型和eva評估模型進行評估，用以彌補現金流量折現模型的缺陷。
  12. In the practice, the replacement cost method dominates in business valuation and then it is verified by the income method, it is much different from the foreign country ' s appraisal practice in which the market method and the discounted cash flow method are a major approaches in business valuation

    在實踐中企業價值評估多採用調整賬面價值法，而後用收益法來驗證；這與國外以市場法、現金流量折現的收益方法為主流的企業價值評估相差較大。
  13. As modern financial theories are concerned, the valuation of an enterprise is to valuate its inherent value that has close relations to its future increase. so the method most answers for value theory and concept is the cash flow - discounted method, and it is discussed in my paper

    從現代金融和財務理論來說，企業價值評估是要評估企業的內在價值，而持續經營條件下企業的內在價值與其未來能產生的收益密切相關，因而最符合價值理論和概念的企業價值評估方法是現金流量折現法。
  14. Until now, traditional financial appraising methods that based on historical data are still the mainstream in practice within china. in contrast, because of the uncertainties in parameter choosing and the particularities of chinese markets, the methods of discounted cash flow ( dcf ) still have not entered real applications in china so far, although they kept being the mainstream in enterprise value assessing in the west

    迄今為止，以歷史數據為基礎的傳統財務估價方法仍然是我國實務界的主要評估方法，理論上更為科學的現金流量折現（ dcf ）方法雖然是西方企業價值評估的主流方法，但是由於其參數選擇的不確定性和我國市場的特殊性，在我國，至今尚未進入真正的應用階段。
  15. The best object of the finance management is maximizing corporate value, which lies in basic variables : future cash flow and venture

    財務管理的最優目標是企業價值最大化，決定企業價值的兩個基本變量是未來現金流和折現率（風險） 。
  16. Where an enterprise requires to judge, by calculation, whether it has transferred nearly all of the risks and rewards related to the ownership of financial asset to the transferee, when it calculates the net present value of the future cash flow of the financial asset, it shall take into consideration all the reasonable and possible fluctuating of the cash flow, and shall adopt an appropriate present market interest rate as the discount rate

    企業需要通過計算判斷是否已將金融資產所有權上幾乎所有的風險和報酬轉移給了轉入方的，在計算金融資產未來現金流量凈現值時，應當考慮所有合理、可能的現金流量波動，並採用適當的現行市場利率作為折現率。
  17. We can get the long - term influence, especially the influence to the value of enterprise by mm theory, dcf and the option thought

    使用mm理論、現金流量折現法以及期權思想來評估融資對企業的長期影響，特別是對企業價值的影響。
  18. At the first chapter, the thesis explains the meaning and the features of corporation value. then it analyzes the main four models of appraising the corporation value generally adopted nowadays, and points out the advantage and shortcoming of each model

    在文章的第二部分，論文分析了社會現行採用的四個價值評估方法：賬面調整法，相關估價法，現金流量折現法和期權估價法，分別指出了這些評估方法的特點、評估步驟和存在的問題。
  19. Based on the concerning classical theories, depended on the performance of chinese enterprises and capital markets, took listed companies as the object, the paper is attempting to choose a system suitable for enterprise value assessing in china, so as to make some beneficial explorations in formulating a enterprise value assessing system with chinese characteristics, after the practical analyses on the fitness of dcf to china. this paper adopted paired - stage technology and gray - related - degree methods in positive researches

    本文以企業價值評估的經典理論為基礎，結合我國企業和資本市場的實際情況，在分析了現金流量折現模型中參數選擇的問題之後，以我國上市企業為研究對象，實證研究了現金流量折現（ dcf ）模型在我國資本市場上的適用性，試圖選擇一套適合我國企業價值評估的模型體系，以期為構建有中國特色的企業價值評估方法體系做一些有益的探索。
  20. To predict the current value of the future cash flow, the enterprise shall take into comprehensive consideration the expected future cash flow, service life, discount rate, and other factors

    預計資產未來現金流量的現值，應當綜合考慮資產的預計未來現金流量、使用壽命和折現率等因素。
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