公司战略评估中现金流量折现法的应用分析
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摘要
现金流量折现法作为目前最流行的一种评估公司战略的方法,在评估公司中发挥着非常重要的作用.将现金流量折现法应用到企业战略的评估中可以使公司从公司价值的角度综合分析公司未来发展,为公司制定出更加个性化的战略方案.通过对现金流量折现法及公司战略评估的详细介绍,运用基本理论和模型分析现金流量折现法评估公司战略的实例.通过实例的应用指出该方法在运用中遇到的障碍并进一步分析该方法的改进策略.最终评价了该方法的优势及不足,并预测其发展前景.
As one of the most poplar method in current enterprise evaluation,discounted cash flow method plays a very important role in evaluating a company.Here,the discounted cash flow method applied to the evaluation of enterprise strategy can make the enterprise comprehensively analysis the company′s future development from the perspective of the value of the company.It can develop a more personalized strategy for the company.Through the discounted cash flow method and the evaluation of the company′s strategy in detail,uses the basic theory and model analysis of discounted cash flow method to assess the instance of company strategy.By an example of application,it figure out the weakness of the method and further analyze the improvement of this method.Finally,evaluates the advantages and disadvantages of this method and predicts the development prospect.
As one of the most poplar method in current enterprise evaluation,discounted cash flow method plays a very important role in evaluating a company.Here,the discounted cash flow method applied to the evaluation of enterprise strategy can make the enterprise comprehensively analysis the company′s future development from the perspective of the value of the company.It can develop a more personalized strategy for the company.Through the discounted cash flow method and the evaluation of the company′s strategy in detail,uses the basic theory and model analysis of discounted cash flow method to assess the instance of company strategy.By an example of application,it figure out the weakness of the method and further analyze the improvement of this method.Finally,evaluates the advantages and disadvantages of this method and predicts the development prospect.
引文
[1]王富兰.自由现金流量折现法完善探讨[J].财会通讯,2013(14):67-68
[2]张静,田月昕,何娜.现金流量折现法在煤炭企业价值评估中的应用[J].当代经济,2008(1):52-53
[3]陈晓璐.浅谈自由现金流量折现的企业价值评估方法[J].财会通讯,2009(14):48-49
[4]刘桂荣,黄朴.基于自由现金流的并购企业价值模型及应用[J].财会通讯,2011(21):127-129,161
[5]联合国经济与社会事务部.2014年世界经济形势与展望[R/OL].(2013-12-19)[2015-03-20].http://news.xinhuanet.2.htm
[6]王玉珍.企业价值评估中的现金流量折现法探讨[J].枣庄学院学报,2012(4):68-70
[2]张静,田月昕,何娜.现金流量折现法在煤炭企业价值评估中的应用[J].当代经济,2008(1):52-53
[3]陈晓璐.浅谈自由现金流量折现的企业价值评估方法[J].财会通讯,2009(14):48-49
[4]刘桂荣,黄朴.基于自由现金流的并购企业价值模型及应用[J].财会通讯,2011(21):127-129,161
[5]联合国经济与社会事务部.2014年世界经济形势与展望[R/OL].(2013-12-19)[2015-03-20].http://news.xinhuanet.2.htm
[6]王玉珍.企业价值评估中的现金流量折现法探讨[J].枣庄学院学报,2012(4):68-70