现金流量贴现法

企业价值评估方法研究&现金流量贴现法

Research on Business Value Appraisal Method & Discounted Cash Flow Method

IPO的估值方法大致可以分为三种：可比公司法、现金流量贴现法和经济收益附加值法。

There are three approaches of valuing IPOs , Comparable Firms approach , Discount Cash Flow approach and Economic Value-Added approach .

传统的以现金流量贴现法为基础的投资决策方法因自身存在的缺陷以及适用范围的狭隘决定了其内在的局限性。

The traditionally used discounted cash flow ( DCF ) method is localized by its own limitations .

根据债务企业是否可以持续经营，可以选择假设清算法和现金流量贴现法。

Assumptive liquidation or DCF method can be adopted according as whether the debtors can go on running .

国际上通行的企业估价方法主要有三种：现金流量贴现法、相对比较乘数法和期权估价法。

Now , the world popular methods of evaluating firms are cash flow discount , comparative multipliers , and option evaluation .

另一种就是现金流量贴现法，该方法利用净现值进行分析决策。

Another one is cash flow discounting which can be used to make evaluations and decisions by way of net present value .

文中首先分别对资产价值基础法、比较乘数法和现金流量贴现法进行概括介绍，然后分别对各价值评估方法进行简要的分析。

Firstly , the section makes a brief introduction to the asses evaluation method , comparative multiplier method and net present value method independently .

在企业价值评估中，现金流量贴现法是最具有理论意义的估价方法，是其他估价方法的基础。

Discounted cash flow ( DCF ) techniques are the basis of other valuation methods and ways which have the best theoretical meaning in enterprise valuation .

因此本文拟选取自由现金流量贴现法，可以更全面真实地反映人民币私募股权投资基金的价值。

This article intends to select the method of discounted cash flow , you can more fully reflect the true value of the RMB private equity fund .

接下来对企业价值评估的基本方法进行了描述，包括企业自由现金流量贴现法、经济增加值评估法、相对估价评估法、实物期权评估法。

Then it draws the description about fundamental methods in evaluation such as discounted free cash flow of enterprise , EVA ( economic value-added ) evaluation , relative value evaluation and material option evaluation .