free cash flow

Qualitative evaluation emphasizes the prediction of the cash flow of an enterprise in the future via regression analysis so that prediction can be made about the free cash flow of an enterprise. So, evaluation of an enterprise can be ascertained through reasonable rate of depreciation.

定量评估，重视企业未来现金流量的预测情况，利用回归分析等方法，预测出企业的自由现金流量，使用合适的折现率来确定企业的价值。

互联网摘选

How is free cash flow related to dividends paid out?

自由现金流如何与股利支付相关？

互联网摘选

Any free cash flow from stocks in an economy growing at a trend rate of 10 per cent is icing on the cake.

在一个趋势增长率为10%的经济体中，来自股票的任何自由现金流都是锦上添花。

互联网摘选

At the same time of maintaining financial flexibility, a large proportion of free cash flow of equity have been paid out to shareholders.

将股权自由现金流的较大比例返还给股东，同时保持一定的财务弹性。

互联网摘选

As a result, balance sheets are bulging with cash and free cash flow generation is strong.

结果是，资产债务表上存在着大量的现金，自由资金流的产生也非常强劲。

互联网摘选

The fifth part is conclusion. Confirm the feasibility of discounted free cash flow method and significance of method improvement, offer suggestion of other deficiency existing.

第五章，得出本文的结论，肯定了自由现金流量折现法的实际可操作性以及模型改良的意义，并对该方法在理论和应用中存在的其他问题提出对策建议。

互联网摘选

Dividends or free cash flow are forecasted to a horizon, and a horizon value is added.

股利和自由现金流被预测至一个水平期，再加上一个水平期价值。

互联网摘选

Free cash flow equals the difference between net operating profit after tax and net investment.

自由现金流量等于扣除调整税的净营业利润与净投资之差.

互联网摘选

The parameters data of the free cash flow discount model is acquired by forecasting the enterprise operation and finance in the future.

自由现金流量折现模型中的各参数数值常常需要对企业未来的经营和财务状况进行预测来取得。

互联网摘选

therefore, free cash flow discount is the best measurement method for evaluation of enterprise value.

因此, 现金流折现法是衡量企业价值的最好手段.

互联网摘选

The Research of Enterprise's Value Assessment Based on Discounted Free Cash Flow Method

基于现金流量折现法的企业价值评估研究

互联网摘选

Finally, using a simple model of free cash flow valuation method of earnings valuation method and complex valuation model, calculated the theoretical price Kweichow Moutai and the Yanghe River share the.

最后利用简单估值模型中的市盈率估值法和复杂估值模型中的自由现金流量估值法，计算出了贵州茅台与洋河股份两者的理论股价。

互联网摘选

Roche generated nearly$ 19bn of free cash flow last year and is forecast by analysts to be in a net cash position by 2015.

去年罗氏获得了近190亿美元的自由现金流，分析师预测，该公司到2015年将一直保持净现金盈余。

互联网摘选

Furthermore the thesis discusses the free cash flow model and EVA model.

并对自由现金流量模型和经济增加值模型的优劣及适用性做了探讨。

互联网摘选

We think the management inefficiently used the cash of rights issue, which took an accord with the agency cost of free cash flow hypothesis.

表明配股公司的经理人存在滥用配股资金的行为，符合自由现金流的代理成本假说。

互联网摘选

Compared with discounted free cash flow method that enterprises use currently, EVA valuation approach has double advantages, that is, it is not only relevant to enterprise value but also useful in calculating and checking the actual value effect.

EVA估价法与现行的企业自由现金流量折现法相比较，具有与企业价值相关联又便于对价值实效进行计算考核的双重优点。

互联网摘选

note from table 4.7 that free cash flow is negative from years 1 to 6.

注意从表格4.7可以看出从第1年到第6年的自由现金流为负值.

互联网摘选

Finally the author exhaustively introduces free cash flow discount approach of application, and analyses the real example of the listed company in our country finally for freedom cash flow method suitability.

最后笔者详尽介绍了自由现金流折现法的应用，并对自由现金流折现法在我国上市公司中的适用性进行了实证分析。

互联网摘选

Ownership Structure, Free Cash Flow and SEO Performance

股权结构、自由现金流量与权益再融资的股价效应

互联网摘选

The company has always stressed free cash flow as the key financial metric to measure its health, instead of the earnings per share that is the standard gauge for many investors.

亚马逊一直强调自由现金流才是衡量公司健康状况的关键财务数据，而不是很多投资者认为的标准衡量指标&每股收益。

互联网摘选

In order to prove that compared with the traditional valuation models EVA has its own advantages in assessing iron and steel enterprises, this paper compares among EVA, business net profit and free cash flow.

为了证明在钢铁企业价值评估中，EVA估价模型与传统估价模型相比较更具优势，本文分别运用EVA与企业净利润、自由现金流等进行比较。

互联网摘选

Let's face it, free cash flow is all about efficient operations.

我们要重视这一点, 自由现金流关乎有效运营.

网络文摘精选

The total fund required can be seen as a standard for line of credit. In the loan period, the discounted value of the target company' free cash flow indicates its real solvency.

并购贷款只能用于并购交易，该部分所需资金总量可作为计算授信额度的标准，目标企业在贷款期内实现的折现自由现金流量价值代表它的真实偿债能力。

互联网摘选

The second approach discounts the dividends that will be paid when free cash flow turns positive.

第二种方法贴现当自由现金流转为正值时的将被支付的股利.

网络文摘精选

Insufficient investment behaviors of listed companies may depend on their short-and long-term investment opportunities, free cash flow and available investment capital. Liabilities are also a way of financing and can provide fund for long-term investment.

上市公司投资不足行为可能跟其长短期投资机会、自由现金流及可用来进行投资的资金有关。

互联网摘选

This paper will study company investment worth from the angle of the free cash flow.

本文从公司自由现金流量的角度探讨公司价值。

互联网摘选

Arun Sarin, Vodafone's outgoing chief executive, insisted Vodafone was confident of the revised revenue guidance, and highlighted how it was standing by its original forecast on adjusted operating profit and free cash flow for 2008-09.

沃达丰即将离任的首席执行官阿伦•萨林（Arun Sarin）坚持认为，沃达丰有信心实现修正后的收入预期。他强调，该公司将维持对2008-09财年调整后营运利润及自由现金流的原始预期。

互联网摘选

The finance distress cost and agency cost are analyzed by free cash flow.

使用自由现金流量方法分析融资对企业产生的财务拮据成本和代理成本。

互联网摘选

Thirdly, explain the theory of discounted free cash flow method detailed, including its defect and improvement assumption.

第三章，从理论上详细的介绍了自由现金流量折现法，以及其理论及应用中存在的缺陷和改进设想，为后面的案例分析打下理论基础。

互联网摘选

Investment Behavior Based on Free Cash Flow Agency Cost Hypothesis

基于自由现金流代理成本假说的投资行为研究

互联网摘选