鍩洪噾寰炴キ(y猫)璩囨牸鑰冭│鑲畾鏈�(hu矛)閬囧埌寰堝鐨勮▓(j矛)绠�锛屼篃灏辨渻(hu矛)鏈夊緢澶� 鍥哄畾鐨勮▓(j矛)绠楀叕寮忛渶瑕佹垜鍊戣浣忓苟闈堟椿閬�(y霉n)鐢�銆備互涓嬫槸绉戠洰浜岃€冭│蹇呴爤瑷樹綇鐨�25鍊�(g猫)鍏紡锛屽悇浣嶈€冪敓涓€瀹氳濂藉ソ鐪嬬湅!

1.璩囩敘(ch菐n)=璨�(f霉)鍌�+鎵€鏈夎€呮瑠(qu谩n)鐩� 锛屽埄娼�(r霉n)=鏀跺叆-璨�(f猫i)鐢�

2.鍑堢従(xi脿n)閲戞祦(NCF)鍏紡锛�

NCF=CFO+CFI+CFF锛孋FO琛ㄧず缍�(j墨ng)鐕�(y铆ng)娲诲嫊(d貌ng)鐢�(ch菐n)鐢熺殑鐝�(xi脿n)閲戞祦閲�?j墨)绾泘锛孋FI琛ㄧず鎶曡硣娲诲嫊(d貌ng)鐢�(ch菐n)鐢熺殑鐝�(xi脿n)閲戞祦閲�?j墨)绾泘锛孋FF琛ㄧず铻嶈硣娲诲嫊(d貌ng)鐨勭従(xi脿n)閲戞祦閲�銆�

3.娴佸嫊(d貌ng)姣旂巼=娴佸嫊(d貌ng)璩囩敘(ch菐n)÷娴佸嫊(d貌ng)璨�(f霉)鍌�

4.閫熷嫊(d貌ng)姣旂巼=(娴佸嫊(d貌ng)璩囩敘(ch菐n)-瀛樿波)÷娴佸嫊(d貌ng)璨�(f霉)鍌�

5.璩囩敘(ch菐n)璨�(f霉)鍌电巼=璨�(f霉)鍌� ÷璩囩敘(ch菐n)銆�

6.娆�(qu谩n)鐩婁箻鏁�(sh霉)(鏉犳】姣旂巼)=璩囩敘(ch菐n)÷鎵€鏈夎€呮瑠(qu谩n)鐩�=1 ÷(1-璩囩敘(ch菐n)璨�(f霉)鍌电巼)

璨�(f霉)鍌垫瑠(qu谩n)鐩婃瘮=璨�(f霉)鍌�÷鎵€鏈夎€呮瑠(qu谩n)鐩�=璩囩敘(ch菐n)璨�(f霉)鍌电巼 ÷(1-璩囩敘(ch菐n)璨�(f霉)鍌电巼)锛岄€欎竴鏁�(sh霉)鍊艰秺澶т唬琛ㄨ病(c谩i)鍕�(w霉)鏉犳】姣旂巼瓒婇珮锛岃矤(f霉)鍌佃秺閲嶃€�

7.鍒╂伅鍊嶆暩(sh霉)=EBIT÷鍒╂伅銆�

EBIT(鎭▍鍓嶅埄娼�(r霉n))=鍑堥姺鍞-鐕�(y铆ng)妤�(y猫)璨�(f猫i)鐢�

鍒╂伅淇濋殰鍊嶆暩(sh霉)鎸囨(bi膩o)鍙嶆槧浼佹キ(y猫)缍�(j墨ng)鐕�(y铆ng)鏀剁泭鐐烘墍闇€鏀粯鐨勫偟鍕�(w霉)鍒╂伅鐨勫灏戝€嶃€傚彧瑕佸埄鎭繚闅滃€嶆暩(sh霉)瓒冲澶�锛屼紒妤�(y猫)灏辨湁鍏呰冻鐨勮兘鍔涙敮浠樺埄鎭�锛屽弽涔嬬浉鍙嶃€�

8.瀛樿波鍛ㄨ綁(zhu菐n)鐜�=骞撮姺鍞垚鏈�÷骞村潎瀛樿波

瀛樿波鍛ㄨ綁(zhu菐n)澶╂暩(sh霉)=365澶�÷瀛樿波鍛ㄨ綁(zhu菐n)鐜�

9.鎳�(y墨ng)鏀惰超娆惧懆杞�(zhu菐n)鐜�=閵峰敭鏀跺叆÷骞村潎鎳�(y墨ng)鏀惰超娆�

鎳�(y墨ng)鏀惰超娆惧懆杞�(zhu菐n)澶╂暩(sh霉)=365澶�÷鎳�(y墨ng)鏀惰超娆惧懆杞�(zhu菐n)鐜�

10.绺借硣鐢�(ch菐n)鍛ㄨ綁(zhu菐n)鐜�=骞撮姺鍞敹鍏�÷骞村潎绺借硣鐢�(ch菐n)

绺借硣鐢�(ch菐n)鍛ㄨ綁(zhu菐n)鐜囨槸缍滃悎瑭�(p铆ng)鍍�(ji脿)浼佹キ(y猫)鍏ㄩ儴璩囩敘(ch菐n)鐨勭稉(j墨ng)鐕�(y铆ng)璩�(zh矛)閲忓拰鍒╃敤鏁堢巼鐨勯噸瑕佹寚妯�(bi膩o)銆傚懆杞�(zhu菐n)鐜囪秺澶э紝瑾�(shu艒)鏄庣附璩囩敘(ch菐n)鍛ㄨ綁(zhu菐n)瓒婂揩锛屽弽鏄犲嚭閵峰敭鑳藉姏瓒婂挤(qi谩ng)銆�

11.閵峰敭鍒╂饯(r霉n)鐜�=鍑堝埄娼�(r霉n)÷閵峰敭鏀跺叆

12.璩囩敘(ch菐n)鏀剁泭鐜�=鍑堝埄娼�(r霉n)÷绺借硣鐢�(ch菐n)

13.鍑堣硣鐢�(ch菐n)鏀剁泭鐜�(娆�(qu谩n)鐩婂牨(b脿o)閰巼)=鍑堝埄娼�(r霉n)÷鎵€鏈夎€呮瑠(qu谩n)鐩�

14.FV=PV×(1+i)n锛� PV= FV ÷(1+i)n

FV琛ㄧず绲傚€�锛屽嵆鍦ㄧn骞村勾鏈殑璨ㄥ梗绲傚€�;n琛ㄧず骞撮檺;i琛ㄧず骞村埄鐜�;PV琛ㄧず鏈噾鎴栫従(xi脿n)鍊�銆�

15.ir=in-P

寮忎腑锛歩n鐐哄悕缇╁埄鐜�;ir鐐哄(sh铆)闅涘埄鐜�;P鐐洪€氳波鑶ㄨ劰鐜�銆�

16.I=PV×i×t

寮忎腑锛欼鐐哄埄鎭�;PV鐐烘湰閲�;i鐐哄勾鍒╃巼;t鐐鸿▓(j矛)鎭檪(sh铆)闁撱€�

17.鍠埄绲傚€肩殑瑷�(j矛)绠楀叕寮忕偤锛欶V=PV×(1+i×t)

18.闆舵伅鍌靛埜浼板€兼硶锛歏琛ㄧず璨肩従(xi脿n)鍌靛埜鐨勫収(n猫i)鍦ㄥ児(ji脿)鍊�;M琛ㄧず闈㈠€�;r琛ㄧず甯傚牬(ch菐ng)鍒╃巼;t琛ㄧず鍌靛埜鍒版湡鏅�(sh铆)闁�銆�

19.璨肩従(xi脿n)鍥犲瓙dt=1÷(1+St)t锛屽叾涓璼t鐐哄嵆鏈熷埄鐜�銆�

20.甯傚噲鐜�(P/B)=姣忚偂鍍�(ji脿)鏍�÷姣忚偂鍑堣硣鐢�(ch菐n)

21.甯傜従(xi脿n)鐜�(P/CF)=姣忚偂鍍�(ji脿)鏍�÷姣忚偂鐝�(xi脿n)閲戞祦

22.甯傞姺鐜�(P/S)=姣忚偂鍍�(ji脿)鏍�÷姣忚偂閵峰敭鏀跺叆 V=M1+ (8-1)

23.鍠埄鐝�(xi脿n)鍊肩殑瑷�(j矛)绠楀叕寮忕偤锛歅V=FV÷(1+i×t)≈FV×(1-i×t)

24.GDP(鍦�(gu贸)鍏�(n猫i)鐢熺敘(ch菐n)绺藉€�)=C+I+(X-M)+G 銆侰浠ｈ〃娑堣不(f猫i);I浠ｈ〃鎶曡硣;X-M浠ｈ〃鍑堝嚭鍙�;G浠ｈ〃鏀垮簻鏀嚭

25.澶忔櫘姣旂巼锛歋P=(`RP-`Rf)÷σp銆俙RP琛ㄧず鍩洪噾鐨勫钩鍧囨敹鐩婄巼; `Rf琛ㄧず骞冲潎鐒�(w煤)棰�(f膿ng)闅�(xi菐n)鏀剁泭鐜�;σp琛ㄧず鍩洪噾鏀剁泭鐜囩殑妯�(bi膩o)婧�(zh菙n)宸�