现金流量法
例句与用法
- It synthesizes and comparatively studies various methods of enterprise value assessment of listed companies and unlisted companies from home and abroad . and it regards dcf as the main method of enterprise value assessment during m & a
文章以目标企业为例,在对目标企业进行财务分析的基础上,通过综合和比较国内外上市公司和非上市公司企业价值评估的各种方法,确定了以折现现金流量法这一评估框架作为企业价值评估的主导方法。 - It put forward that when valuate the whole property of internet enterprise by means of npv , not assess all the likely profit of internet enterprise by means of npv only , but assess the current business and the extending business respectively
提出采用收益现值法对网站整体资产进行评估时,不是单纯采用收益法中的贴现现金流量法对网站所有的可能收益进行测算评估,而是把网络企业现有的业务和以后投资扩展的业务分别进行评估。 - In the part of cash m & a , the analyzing model of m & a price - rapport model is recommended . in author ' s view , discount rate and cash flows will determine the upper and lower range value . and this part demonstrates the determination with an example
在对现金并购的交易价格的研究中,建议使用贴现现金流量法,对其中的贴现率选择提出自己的观点,还提出将现金流量与贴现率相结合确定并购交易价格区间的观点,并结合具体案例进行分析。 - To develop venture capital , firstly need to scientifically appraise its value . on the contrary , traditional dcf will not only meet insurmountable difficulties , but also ignore the value of operation flexibility in venture capital enterprises , which assumes venture investor who makes decisions only could take rigid tactics
发展创业企业首先需要对创业企业价值进行科学评估,而传统的折现现金流量法不但在确定风险调整贴水率时会遇到难以克服的困难,而且这种方法忽视了创业投资企业中可能包含的经营灵活性的价值,假定创业投资家在进行投资决策时只能采取刚性的策略。 - The concept of value is the foundation to determine valuation models . by expounding the history of value theory and the development of different value theories , this article elaborates on the concept and the influence of value in m & a , as well as it ’ s meaning , supposition , goal and object . the article also elaborates the four basic models of value appraisal : model of costs , model of relative comparison , model of discounted cash flow and model of option evaluation , and their respective application domain
价值的概念是价值评估方法确定的基础,本文通过对价值理论的历史与发展和各种价值理论的详细阐述,说明了在并购评估中价值的概念与影响,以及价值评估的含义、假设、目的及对象;论述了价值评估的四种基本模型:成本法、相对比较法、折现现金流量法和期权估价法,以及各自的应用领域。 - All theories in finance related to the post - merger performance of enterprise , including theory of capital structure , theory of synergy , theory of diversification , theory of management versus stockholders " interest and theory on redistribution effect , and methods related to post - merger performance evaluation , including events study , have been analyzed to meet the need of rese the results of the study will put a concrete foundation for further study in this field
综合分析了各种与并购绩效相关的金融理论以及参考和借鉴了各种并购绩效评估方法。与并购绩效相关的金融理论包括:资本结构理论、财富创造与财富再分配理论、管理者主义与股东权益理论、协同效应理论和多元化并购理论;现有的并购绩效评估方法包括:事件研究法、非财务指标评估法、因子分析法与贴现现金流量法。 - ( 2 ) in the part of building up the valuation methods of the high - and new - tech enterprise , firstly describe the principles adhered to by building up it , and then begin to build up the methods . its main route is : assess the value ? driven factors of the high ? and new ? tech enterprise , valuate the physical assets with discounting cash flow ( dcf ) model and the growth opportunity with real option pricing model
( 2 )高新技术企业价值评估方法构建部分,首先论述方法构建应坚持的原则,然后构建方法,其路径为:评估高新技术企业价值驱动因素;用折现现金流量法评估现有资产的价值;用实物期权定价法评估竞争条件下的增长机会价值。 - In the forth part , on the bases of the third part , the paper works out the amount of the stock option plan , which is just the amount that a company can grant its beneficiaries during a whole stock option plan ; the amount that a company can grant its beneficiaries one year and the amount that a beneficiary can attain one year . in the fifth part , also the last part , after introducing the method that decides the exercise price in foreign and associating our country ' s conditions , the paper discusses several methods , which fit our company . they are comprehensive price method , cash flow method , simulating listed company ' s price method and asset evaluation method
本论文包括五部分,在第一部分中论述了我国引进股票期权的必要性及股票期权计划的国内外发展状况;第二部分探讨了股票期权计划的理论基础,具体有契约理论、委托代理理论、两要素理论、共同治理理论、风险激励理论;第三部分针对七个期权获受人的工作职责分别设计了七个有定量指标和定性指标构成的个人业绩评价指标体系,并给出了评价标准和评价方法;第四部分则充分利用了第三部分的评价结果,分别确定了公司在一个股票期权计划中可授予股票期权的总量、各年可授予的股票期权数量、个人可获得的股票期权数量;第五部分,也就是最后一部分,在介绍国外行权价格确定方法的基础上,结合我国国情,探讨了适用于我国行权价格确定的各种方法,包括综合价格法、现金流量法、模拟上市公司价格法、资产评估法。 - The direct objective of corporate valuation is to evaluate a corporation . this paper gives an analysis on the three methods of corporate valuation , that is , discounted cash flows , market comparative method , assets valuation . furthermore , it discusses their respective adaptability and limitation , and how to select a proper method to evaluate a corporation practically
企业价值评估的直接目的是确定企业的价值,本文探讨了企业价值评估的三种方法:贴现现金流量法、市场比较法、资产价值评估法,并分别讨论了其各自的适用性和局限性,以及在实际运用中怎样选择合适的评估方法来评估目标企业的价值。 - In order to choice the appraisal approach ? iscount cash flow model that it is look as a perfect and abreast on the theory and practice , in addition , the paper give a minute description about the two main element ? ash flow and the discount ratio of the model . so can know how to apply the model further in new high technology enterprise , of course , any theory including cash flow model is comparative when looked as perfect and the best theory , this approach has many difficult point also when use the model appraise the value of new high technology
本文从高新技术企业特点及评估特性入手,阐述了传统价值评估方法和国际上提出的一种新思路在高新技术企业中的应用利弊,从而选择了目前比较完整、具有理论意义的评估方法? ?折现现金流量模型,对高新技术企业进行价值评估,并对这个模型的两大基本要素?现金流量和折现率进行了详尽的分析,以便更明确如何在高新技术企业中运用此模型。当然,任何理论说其比较完整、具有理论意义都是相对而言的,折现现金流量模型也不例外,采用折现现金流量法评估高新技术企业也存在着难点,此论文对其进行了探讨,并对传统评估方法和新思路加以结合,使高新技术企业价值能更好的得到体现。