现金流折现模型

依据自由现金流折现模型和剩余收益模型的基本原理，对两个模型的应用范围和解释能力进行了比较。

The paper presents the rationale of DCF model and RIV model , and compares the applying scope and interpreting ability of the two models .

因此，Ohlson模型在我国电力行业应用上确实比传统的股权自由现金流折现模型和剩余收益模型更优越。

Therefore , it is the conclusion that Ohlson Model has advantages over traditional FCFE Model and RIV Model in power industry in our country .

上述观点，我们将具体引用自由现金流折现模型进行具体阐述和论证（详见3.1和3.2）。

We will quote the free cash flow commutation model to prove the above viewpoint specifically in this paper .

最后，在该章的案例分析中，根据现金流折现模型，利用前面的预测结果计算出了民生银行的内在价值，并对结果进行了评价。

In the end , according to the model of discounted cash flow , we can get the final result by using the forecasting result of the former chapters .

第二章详解介绍现金流折现模型，对估值方法进行了详细阐述，并对资本成本和增长率等参数的确定做了进一步分析。

Chapter II elaborates the Cash Flows Discount module , the evaluation methods , and emphasizes the analysis of the parameters like the capital cost and the increment rate .

第四、五部分从实证角度阐述了使用现金流折现模型计算企业价值的具体步骤及计算方法。

In the fourth and fifth part , I referred the concrete steps and methods of calculating enterprise value with the discounted cash flow valuation model from the empirical perspective .

并结合高新技术企业新的评估思路，提出了模糊现金流折现模型和模糊实物期权定价模型相结合的方法。

Combined with the high and new technology enterprise , a new concept for evaluation , put forward the fuzzy discount cash flow model and fuzzy real option pricing model with the combination of methods .

为了避免长期收益预测的难题，论文在指出前人基于乘数模型的现金流折现改进模型的错误后，以剩余收益模型为基础，推导出了基于P/B乘数的剩余收益模型改进。

To avoid the difficulty of long-term return forecast , after pointing out the predecessors'mistake of multiple model-based discounted cash flow improving model , on the basis of residual earnings model , this paper deduces the P / B multiple-based residual earnings model improvement .

公司或股票定价的模型基本采用股利或者现金流折现的数学模型。

The present method of fixing the stock 's value is to adopt mathematic model discounting dividend or cash flow .

通过对企业折现现金流模型、调整后现值模型和股权现金流折现模型的比较分析，得出三种方法的联系与区别，应用时需注意的环节以及适用范围。

Through the analysis on the comparison of the discounted enterprise ' cash flow method , the adjusted cash flow method and the discounted stockholders ' cash flow method , the relationships and differences between them are given , attentions and applying scopes as well .