企业价值评估中自由现金流量分析

Analysis on Free Cash Flow in Valuation of Firm

自由现金流量是企业价值的基本决定因素 ,而其定义却可能会随着使用者对现金流量分析目的不同而有所不同。从企业价值评估的角度对自由现金流量进行分析与定义 ,可以给出自由现金流量的两种计算方法。

Free cash flow is the basic decisive factor for valuation of firm,but its definition might be different with the change of users objective.From the angle of valuation,free cash flow to firm is analyzed and defined,and two kinds of its calculating methods are discussed.