discounted cash flow

简明释义

现金流动折现

英英释义

例句

1.A positive discounted cash flow 贴现现金流 indicates that the investment is likely to be profitable.

正的贴现现金流表明投资可能会盈利。

2.The valuation of the company was based on its projected discounted cash flow 贴现现金流 over the next five years.

公司的估值是基于未来五年的预测贴现现金流。

3.To perform a discounted cash flow 贴现现金流 analysis, you need to estimate future cash flows and choose an appropriate discount rate.

要进行贴现现金流分析，您需要估计未来现金流并选择合适的折现率。

4.In real estate, discounted cash flow 贴现现金流 models help assess the value of properties based on future rental income.

在房地产中，贴现现金流模型帮助评估基于未来租金收入的物业价值。

5.Investors often use discounted cash flow 贴现现金流 analysis to determine the attractiveness of an investment.

投资者通常使用贴现现金流分析来确定投资的吸引力。

作文

The concept of discounted cash flow (DCF) is a fundamental principle in finance and investment analysis. It refers to the method of valuing an investment based on its expected future cash flows, which are adjusted for the time value of money. In simpler terms, the discounted cash flow approach helps investors determine how much a future amount of money is worth today. This is crucial because money available today can be invested to earn a return, making it more valuable than the same amount in the future. To understand the discounted cash flow method, one must first grasp the concept of the time value of money. The time value of money suggests that a dollar today is worth more than a dollar tomorrow due to its potential earning capacity. For instance, if you have $100 today, you can invest it and earn interest, making it grow over time. Therefore, when estimating the value of future cash flows, one must 'discount' them back to their present value using a specific discount rate. This rate often reflects the risk associated with the investment and the opportunity cost of capital. When applying the discounted cash flow analysis, the process typically involves several steps. First, an investor must forecast the expected cash flows from the investment over a certain period. These cash flows could come from various sources, such as revenues from a business, rental income from real estate, or dividends from stocks. Once these future cash flows are estimated, the next step is to choose an appropriate discount rate. This rate can vary depending on the investment's risk profile, the investor's required rate of return, and prevailing market conditions. After determining the expected cash flows and the discount rate, the investor will then calculate the present value of each future cash flow. This is done by applying the formula: Present Value = Future Cash Flow / (1 + r)^n, where "r" is the discount rate and "n" is the number of periods until the cash flow occurs. By calculating the present value of all future cash flows, the investor can sum them up to arrive at the total present value of the investment. This total is what the investment is worth today based on its expected performance in the future. The discounted cash flow method is widely used in various fields, including corporate finance, real estate valuation, and project finance. It provides a systematic way to evaluate the profitability and feasibility of investments. However, it is not without its challenges. Accurately forecasting future cash flows can be difficult, and selecting the right discount rate is often subjective. Additionally, small changes in either cash flow estimates or the discount rate can significantly impact the final valuation, leading to potential misjudgments in investment decisions. In conclusion, the discounted cash flow method is an essential tool for investors and financial analysts. It offers a structured approach to assessing the value of future cash flows, accounting for the time value of money. By understanding and applying this method, investors can make more informed decisions regarding their investments, ultimately leading to better financial outcomes. As with any financial model, it is important to use the discounted cash flow analysis judiciously and to be aware of its limitations, ensuring a comprehensive approach to investment evaluation.

“折现现金流”（discounted cash flow）的概念是金融和投资分析中的一个基本原则。它指的是一种基于预期未来现金流的投资估值方法，这些现金流经过时间价值的调整。简单来说，折现现金流方法帮助投资者确定未来某一金额在今天的价值。这一点至关重要，因为今天可用的钱可以被投资以赚取回报，使其比未来相同的金额更有价值。要理解折现现金流方法，首先必须掌握时间价值的概念。时间价值理论表明，今天的一美元比明天的一美元更有价值，因为它具有潜在的收益能力。例如，如果你今天有100美元，你可以投资它并赚取利息，从而使其随时间增长。因此，在评估未来现金流的价值时，必须将其“折现”回当前价值，使用特定的折现率。这个利率通常反映了与投资相关的风险和资本的机会成本。在应用折现现金流分析时，通常涉及几个步骤。首先，投资者必须预测投资在一定期间内的预期现金流。这些现金流可能来自各种来源，例如企业的收入、房地产的租金收入或股票的股息。一旦估算出这些未来现金流，下一步就是选择一个合适的折现率。这个利率可能会根据投资的风险特征、投资者的要求回报率和市场条件而有所不同。在确定了预期现金流和折现率后，投资者将计算每个未来现金流的现值。这是通过应用公式：现值 = 未来现金流 / (1 + r)^n，其中“r”是折现率，“n”是现金流发生的期间数。通过计算所有未来现金流的现值，投资者可以将它们相加，以得出投资的总现值。这一总值就是基于其未来表现，投资今天的价值。折现现金流方法广泛应用于各个领域，包括企业财务、房地产估值和项目融资。它提供了一种系统的方法来评估投资的盈利能力和可行性。然而，它并非没有挑战。准确预测未来现金流可能很困难，而选择正确的折现率往往是主观的。此外，现金流估计或折现率的微小变化都可能对最终估值产生重大影响，导致投资决策的潜在误判。总之，折现现金流方法是投资者和金融分析师的重要工具。它提供了一种结构化的方法来评估未来现金流的价值，考虑到时间价值。通过理解和应用这种方法，投资者可以更明智地做出投资决策，从而最终实现更好的财务结果。与任何金融模型一样，重要的是要谨慎使用折现现金流分析，并意识到其局限性，以确保对投资评估采取全面的方法。