The PV of their expected future free cash flows, discounted at the WACC, is the value of operations. 在用資產(chǎn)產(chǎn)生的預期自由現金流量，以加權平均資金成本為折現系數進(jìn)行折現后的現值稱(chēng)為營(yíng)業(yè)價(jià)值。
On this basis work, the paper analyses the process of adjusting net accounting profit to operating cash flow and suggests the adjusted FCF model computing from operating cash flow. 在此基礎上，結合將凈利潤調節為經(jīng)營(yíng)活動(dòng)的現金流量的過(guò)程，提出了以經(jīng)營(yíng)現金流量為計算出發(fā)點(diǎn)的修正自由現金流量模型，并給出計算實(shí)例。
