{"id":3592,"date":"2019-06-25T04:20:09","date_gmt":"2019-06-25T04:20:09","guid":{"rendered":"https:\/\/hk.valtech-valuation.com\/%e8%b5%84%e4%ba%a7%e4%bc%b0%e5%80%bc\/"},"modified":"2019-06-25T04:20:09","modified_gmt":"2019-06-25T04:20:09","slug":"%e8%b5%84%e4%ba%a7%e4%bc%b0%e5%80%bc","status":"publish","type":"post","link":"https:\/\/hk.valtech-valuation.com\/cn\/%e8%b5%84%e4%ba%a7%e4%bc%b0%e5%80%bc\/","title":{"rendered":"\u8d44\u4ea7\u4f30\u503c"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-margin-bottom:3%;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:calc( 1170px + 0px );margin-left: calc(-0px 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src=\"https:\/\/hk.valtech-valuation.com\/wp-content\/uploads\/sites\/10\/2019\/06\/\u65b9\u7a0b\u8a55\u4f30\u8cc7\u7522\u4f30\u503c.mp4?_=1\" \/><a href=\"https:\/\/hk.valtech-valuation.com\/wp-content\/uploads\/sites\/10\/2019\/06\/\u65b9\u7a0b\u8a55\u4f30\u8cc7\u7522\u4f30\u503c.mp4\">https:\/\/hk.valtech-valuation.com\/wp-content\/uploads\/sites\/10\/2019\/06\/\u65b9\u7a0b\u8a55\u4f30\u8cc7\u7522\u4f30\u503c.mp4<\/a><\/video><\/div>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:calc( 1170px + 0px );margin-left: calc(-0px \/ 2 );margin-right: calc(-0px \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:20px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-spacing-right-medium:0px;--awb-spacing-left-medium:0px;--awb-width-small:100%;--awb-spacing-right-small:0px;--awb-spacing-left-small:0px;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text 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PB\u4f30\u503c\u65b9\u6cd5\u4e0d\u9002\u7528\u4e8e\u5e10\u9762\u4ef7\u503c\u7684\u91cd\u7f6e\u6210\u672c\u53d8\u52a8\u8f83\u5feb\u7684\u516c\u53f8\uff1b\u56fa\u5b9a\u8d44\u4ea7\u8f83\u5c11\u7684\uff0c\u5546\u8a89\u6216\u77e5\u8bc6\u8d22\u4ea7\u6743\u8f83\u591a\u7684\u670d\u52a1\u884c\u4e1a\u3002<\/p>\n<p>\u5e02\u9500\u7387\uff08P\/S\uff09\u4f30\u503c\u6cd5\uff1a\u5e02\u9500\u7387\u4e5f\u79f0\u4ef7\u683c\u8425\u6536\u6bd4\uff0c\u662f\u80a1\u7968\u5e02\u503c\u4e0e\u9500\u552e\u6536\u5165\uff08\u8425\u4e1a\u6536\u5165\uff09\u7684\u6bd4\u7387\u3002\u5e02\u9500\u7387=\u603b\u5e02\u503c\/\u9500\u552e\u6536\u5165\u5e02\u9500\u7387\u4f30\u503c\u6cd5\u7684\u4f18\u70b9\u662f\uff0c\u9500\u552e\u6536\u5165\u6700\u7a33\u5b9a\uff0c\u6ce2\u52a8\u6027\u5c0f\uff1b\u5e76\u4e14\u8425\u4e1a\u6536\u5165\u4e0d\u53d7\u516c\u53f8\u6298\u65e7\u3001\u5b58\u8d27\u3001\u975e\u7ecf\u5e38\u6027\u6536\u652f\u7684\u5f71\u54cd\uff0c\u4e0d\u50cf\u5229\u6da6\u90a3\u6837\u6613\u64cd\u63a7\uff1b\u6536\u5165\u4e0d\u4f1a\u51fa\u73b0\u8d1f\u503c\uff0c\u4e0d\u4f1a\u51fa\u73b0\u6ca1\u6709\u610f\u4e49\u7684\u60c5\u51b5\uff0c\u5373\u4f7f\u51c0\u5229\u6da6\u4e3a\u8d1f\u4e5f\u53ef\u7528\u3002\u6240\u4ee5\uff0c\u5e02\u9500\u7387\u4f30\u503c\u6cd5\u53ef\u4ee5\u548c\u5e02\u76c8\u7387\u4f30\u503c\u6cd5\u5f62\u6210\u826f\u597d\u7684\u8865\u5145\u3002\u5e02\u9500\u7387\u4f30\u503c\u6cd5\u7684\u7f3a\u70b9\u662f\uff0c\u5b83\u65e0\u6cd5\u53cd\u6620\u516c\u53f8\u7684\u6210\u672c\u63a7\u5236\u80fd\u529b\uff0c\u5373\u4f7f\u6210\u672c\u4e0a\u5347\u3001\u5229\u6da6\u4e0b\u964d\uff0c\u4e0d\u5f71\u54cd\u9500\u552e\u6536\u5165\uff0c\u5e02\u9500\u7387\u4f9d\u7136\u4e0d\u53d8\u3002\u53e6\u5916\uff0c\u5e02\u9500\u7387\uff08PS\uff09\u4f1a\u968f\u7740\u516c\u53f8\u9500\u552e\u6536\u5165\u89c4\u6a21\u6269\u5927\u800c\u4e0b\u964d\uff1b\u8425\u4e1a\u6536\u5165\u89c4\u6a21\u8f83\u5927\u7684\u516c\u53f8\uff0cPS\u8f83\u4f4e\u3002<\/p>\n<p>PEG\u4f30\u503c\u6cd5\uff1a\u76f8\u5bf9\u66f4\u9002\u7528\u4e8e\u9ad8\u6210\u957f\u6027\u4f01\u4e1a\uff1b\u4e00\u822c\u4e0d\u9002\u7528\u6210\u719f\u884c\u4e1a\u3002<\/p>\n<\/div><div 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style=\"--awb-title-color:#333333;--awb-margin-top:0px;--awb-margin-bottom:84px;\"><div class=\"reading-box\" style=\"background-color:#f5f5f5;border-width:0px;border-color:#f5f5f5;border-left-width:3px;border-left-color:var(--primary_color);border-style:solid;\"><h2>EV\/EBITDA<\/h2><div class=\"reading-box-description fusion-reading-box-additional\">Your Content Goes Here<\/div><div class=\"reading-box-additional\">\n<p>EV\/EBITDA\u4f30\u503c\u65b9\u6cd5\u4e00\u822c\u9002\u7528\u4e8e\u8d44\u672c\u5bc6\u96c6\u3001\u51c6\u5784\u65ad\u6216\u8005\u5177\u6709\u5de8\u989d\u5546\u8a89\u7684\u6536\u8d2d\u578b\u516c\u53f8\uff0c\u8fd9\u6837\u7684\u516c\u53f8\u5f80\u5f80\u56e0\u4e3a\u5927\u91cf\u6298\u65e7\u644a\u9500\u800c\u538b\u4f4e\u4e86\u5e10\u9762\u5229\u6da6\uff1bEV\/EBITDA\u8fd8\u9002\u7528\u4e8e\u51c0\u5229\u6da6\u4e8f\u635f\uff0c\u4f46\u6bdb\u5229\u3001\u8425\u4e1a\u5229\u76ca\u5e76\u4e0d\u4e8f\u635f\u7684\u516c\u53f8\u3002 EV\/EBITDA 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class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-reading-box-container reading-box-container-2\" style=\"--awb-title-color:#333333;--awb-margin-top:0px;--awb-margin-bottom:84px;\"><div class=\"reading-box\" style=\"background-color:#f5f5f5;border-width:0px;border-color:#f5f5f5;border-left-width:3px;border-left-color:var(--primary_color);border-style:solid;\"><h2>EV\/\u9500\u552e\u6536\u5165\uff08EV\/sales\uff09<\/h2><div class=\"reading-box-description fusion-reading-box-additional\">Your Content Goes Here<\/div><div class=\"reading-box-additional\">\n<p>EV\/\u9500\u552e\u6536\u5165\uff08EV\/sales\uff09\uff1a\u8ba1\u7b97\u65b9\u6cd5\u4e3a\uff1a\u4f01\u4e1a\u4ef7\u503c\uff08EV\uff09\u00f7\u4e3b\u8425\u4e1a\u52a1\u6536\u5165<\/p>\n<p>\u8be5\u4f30\u503c\u6307\u6807\u4e0e\u5e02\u9500\u7387\uff08P\/S\uff09\u7684\u539f\u7406\u548c\u7528\u6cd5\u76f8\u540c\uff0c\u4e3b\u8981\u7528\u4f5c\u8861\u91cf\u4e00\u5bb6\u5229\u6da6\u7387\u6682\u65f6\u4f4e\u4e8e\u884c\u4e1a\u5e73\u5747\u6c34\u5e73\u751a\u81f3\u662f\u5904\u4e8e\u4e8f\u635f\u72b6\u6001\u516c\u53f8\u7684\u4ef7\u503c\uff0c\u5176\u524d\u63d0\u6761\u4ef6\u662f\u6295\u8d44\u8005\u9884\u671f\u8fd9\u5bb6\u516c\u53f8\u7684\u5229\u6da6\u7387\u672a\u6765\u4f1a\u8fbe\u5230\u884c\u4e1a\u5e73\u5747\u6c34\u5e73\u3002\u4f7f\u7528\u9500\u552e\u6536\u5165\u7684\u7528\u610f\u662f\u9500\u552e\u6536\u5165\u4ee3\u8868\u5e02\u573a\u4efd\u989d\u548c\u516c\u53f8\u7684\u89c4\u6a21\uff0c\u5982\u679c\u516c\u53f8\u80fd\u591f\u6709\u6548\u6539\u5584\u8fd0\u8425\uff0c\u5c06\u53ef\u5b9e\u73b0\u884c\u4e1a\u5e73\u5747\u6216\u9884\u671f\u7684\u76c8\u5229\u6c34\u5e73\u3002\u8be5\u6307\u6807\u53ea\u80fd\u7528\u4e8e\u540c\u884c\u4e1a\u5185\u516c\u53f8\u7684\u6bd4\u8f83\uff0c\u901a\u8fc7\u6bd4\u8f83\u5e76\u7ed3\u5408\u4e1a\u7ee9\u6539\u5584\u9884\u671f\u5f97\u51fa\u4e00\u4e2a\u5408\u7406\u7684\u500d\u6570\u540e\uff0c\u4e58\u4ee5\u6bcf\u80a1\u9500\u552e\u6536\u5165\uff0c\u65e2\u53ef\u5f97\u51fa\u7b26\u5408\u516c\u53f8\u4ef7\u503c\u7684\u76ee\u6807\u4ef7\u3002<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-text fusion-text-4\"><h2>\u7edd\u5bf9\u4f30\u503c\u6cd5<\/h2>\n<p>DCF\uff08Discounting cash flow\uff09\u4f30\u503c\u6cd5\uff1a\u6307\u5c06\u9879\u76ee\u6216\u8d44\u4ea7\u5728\u751f\u547d\u671f\u5185\u5c06\u8981\u4ea7\u751f\u7684\u73b0\u91d1\u6d41\u6298\u73b0\uff0c\u8ba1\u7b97\u51fa\u5f53\u524d\u4ef7\u503c\u7684\u4e00\u79cd\u8bc4\u4f30\u65b9\u6cd5\uff0c\u901a\u5e38\u9002\u7528\u4e8e\u9879\u76ee\u6295\u8d44\u3001\u5546\u4e1a\u5730\u4ea7\u4f30\u503c\u7b49\u3002<\/p>\n<p>DDM\u80a1\u606f\u6298\u73b0\u4f30\u503c\u6cd5<\/p>\n<\/div><div class=\"fusion-text fusion-text-5\"><h2>\u8499\u5730\u5361\u7f57\u65b9\u6cd5(Monte-Carlo Simulation)<\/h2>\n<p>\u4f20\u7edf\u7684\u6295\u8d44\u8bc4\u4ef7\u7406\u8bba\u2014\u2014\u4ee5\u51c0\u73b0\u503c\u6cd5(NPV) \u4e3a\u4ee3\u8868\u7684\u6295\u8d44\u51b3\u7b56\u5206\u6790\u65b9\u6cd5,\u5176\u6839\u672c\u7f3a\u9677\u5728\u4e8e\u5b83\u4eec\u662f\u4e8b\u5148\u5bf9\u672a\u6765\u7684\u73b0\u91d1\u6d41\u91cf\u505a\u51fa\u4f30\u8ba1,\u5e76\u5047\u8bbe\u5176\u4e3a\u4e0d\u53d8\u6216\u9759\u6001\u7684\u72b6\u51b5,\u65e0\u6cd5\u8861\u91cf\u4e0d\u786e\u5b9a\u56e0\u7d20\u7684\u5f71\u54cd,\u4e0d\u80fd\u4f53\u73b0\u9012\u5ef6\u51b3\u7b56\u4ee5\u5e94\u5bf9\u6240\u5e26\u6765\u7684\u7ba1\u7406\u5f39\u6027\u3002\u6240\u4ee5,\u5728\u4e0d\u786e\u5b9a\u73af\u5883\u4e0b\u7684\u6295\u8d44,\u7528\u51c0\u73b0\u503c\u6cd5\u8bc4\u4f30\u9879\u76ee\u4e0d\u80fd\u4f53\u73b0\u67d4\u6027\u6295\u8d44\u5b89\u6392\u51b3\u7b56\u6240\u4f53\u73b0\u7684\u4ef7\u503c,\u65e0\u52a9\u4e8e\u9879\u76ee\u5728\u51b3\u7b56\u4e2d\u56de\u907f\u98ce\u9669\u3002\u5728\u591a\u53d8\u7684\u5e02\u573a\u73af\u5883\u4e2d,\u4e0d\u786e\u5b9a\u6027\u4e0e\u7ade\u4e89\u8005\u7684\u53cd\u5e94\u4f7f\u5b9e\u9645\u6536\u5165\u4e0e\u9884\u671f\u6536\u5165\u6709\u6240\u51fa\u5165, \u6240\u4ee5\u51c0\u73b0\u503c\u6cd5(NPV) \u9002\u7528\u4e8e\u5e38\u89c4\u9879\u76ee,\u672a\u6765\u4e0d\u786e\u5b9a\u6027\u6bd4\u8f83\u5c0f\u7684\u9879\u76ee\u3002<\/p>\n<p>\u8499\u7279\u5361\u7f57\u6a21\u578b\u662f\u5229\u7528\u7535\u8111\u8fdb\u884c\u6570\u503c\u8ba1\u7b97\u7684\u4e00\u7c7b\u7279\u6b8a\u98ce\u683c\u7684\u65b9\u6cd5, \u5b83\u662f\u628a\u67d0\u4e00\u73b0\u5b9e\u6216\u62bd\u8c61\u7cfb\u7edf\u7684\u67d0\u79cd\u7279\u5f81\u6216\u90e8\u5206\u72b6\u6001, \u7528\u6a21\u62df\u6a21\u578b\u7684\u7cfb\u7edf\u6765\u4ee3\u66ff\u6216\u6a21\u4eff, \u4f7f\u6240\u6c42\u95ee\u9898\u7684\u89e3\u6b63\u597d\u662f\u6a21\u62df\u6a21\u578b\u7684\u53c2\u6570\u6216\u7279\u5f81\u91cf, \u518d\u901a\u8fc7\u7edf\u8ba1\u5b9e\u9a8c, \u6c42\u51fa\u6a21\u578b\u53c2\u6570\u6216\u7279\u5f81\u91cf\u7684\u4f30\u8ba1\u503c, 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parts\uff09\uff1a\u5373\u5c06\u5404\u9879\u4e1a\u52a1\u5206\u5f00\u4f30\u503c\uff0c\u6700\u540e\u6c47\u603b\u3002<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u76f8\u5bf9\u4f30\u503c\u6cd5\u76f8\uff0c\u4f01\u4e1a\u4ef7\u503c(EV)\uff0c\u7edd\u5bf9\u4f30\u503c\u6cd5\uff0c\u5176\u4ed6\u4f30\u503c\u6982\u5ff5\u4ee5\u53ca\u8499\u5730\u5361\u7f57\u8bc4\u4f30\u65b9\u6cd5(Monte-Carlo Simulation)\u4ecb\u7ecd<\/p>\n","protected":false},"author":1,"featured_media":3594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[139],"tags":[],"class_list":["post-3592","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category--cn","post_format-post-format-video"],"_links":{"self":[{"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/posts\/3592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/comments?post=3592"}],"version-history":[{"count":0,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/posts\/3592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/media\/3594"}],"wp:attachment":[{"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/media?parent=3592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/categories?post=3592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/tags?post=3592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}