自由现金流估值
自由现金流
自由现金流估值模型PE/
cap spending/shareLT betsharesESP
Working Capitalcash flow calculationporfit after taxInterest
after tax
Chg Working Cap DepriciationCap SpendingFCFEFCFF
Current BetaUnlevered Betaterminal growthtax rate r-debt
risk free ratemarket risk premDebt/valueLeveredbeta
K equityWACC
现值因子 for FCFF
现值因子 for FCFEPresent valuepv FCFF pv FCFE
2009302.[***********]15761.16000
0.950.7250.030.3850.0450.0350.080.340.950.1110.08267
11
201026.252.[1**********]1.[1**********]691.[1**********]53.51293.4-1898.50.30.9170.1080.0840.9220.9021193-[1**********]222.518.752.552.[***********]972.282.[***********]65664.2636.[***********]595.84938.24875.45449.33211.23812.80.270.230.8860.8590.1060.1040.0850.0860.850.7830.8160.[***********]92013152.[1**********]3.3521040
6010608.913136000
5280.5terminal value6025.[1**********].563180.49
0.20.8340.1020.0870.720.671
[***********]
al value
公司价值权益价值每股价值
[1**********]5.[1**********]236.06