基于贴现模型的实质性资产剥离的可行性财务分析

Financial Feasibility Analysis of Virtual Divestiture Based on the Discount Model

以贴现模型为基础,首先利用类比法等方法确定了资产剥离前后的不同折现率,然后分析了实质性资产剥离前后的净现金流量。最后,采用增量分析的方法,对企业资产剥离过程中的价值增值进行定量分析,并从项目决策的角度提出了一套基于贴现模型的资产剥离的可行性财务分析方法。

Based on the discount model, this paper confirms different discount rates of before - and - after virtual divestiture through ways, such as analogy. Then, a net cash flow of before - and - after virtual divestiture is analyzed. In the end, quantitative analysis of value appreciation in the course of divestiture by increment analysis is made. By using those established indexes,a set of financial feasibility analysis of divestiture based on the discount model from the point of project decision - making is put forward.