{"id":6,"date":"2013-12-11T01:26:10","date_gmt":"2013-12-10T16:26:10","guid":{"rendered":"http:\/\/www.novacomm-inc.com\/?page_id=6"},"modified":"2013-12-11T01:26:10","modified_gmt":"2013-12-10T16:26:10","slug":"%e3%83%87%e3%82%a3%e3%82%b9%e3%82%ab%e3%82%a6%e3%83%b3%e3%83%88%e3%82%ad%e3%83%a3%e3%83%83%e3%82%b7%e3%83%a5%e3%83%95%e3%83%ad%e3%83%bc","status":"publish","type":"page","link":"https:\/\/www.novacomm-inc.com\/?page_id=6","title":{"rendered":"\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc"},"content":{"rendered":"

DCF\u6cd5\u3068\u306f\u5c06\u6765\u4e88\u6e2c\u3055\u308c\u308b\u53ce\u76ca\u3092\u5272\u5f15\u7387\u3067\u73fe\u5728\u4fa1\u5024\u306b\u7f6e\u304d\u63db\u3048\u3066\u3001<\/p>\n

\u6295\u8cc7\u306e\u5224\u65ad\u6750\u6599\u306b\u3059\u308b\u3068\u3044\u3046\u53ce\u76ca\u9084\u5143\u6cd5\u306e\u4e00\u3064\u3067\u3059\u3002<\/p>\n

DCF\u306fDiscounted Cash Flow\u306e\u7565\u79f0\u3067\u3059\u3002<\/p>\n

 <\/p>\n

\u5177\u4f53\u7684\u306b\u306fDCF\u6cd5\u306f\u4f01\u696d\u3084\u4e0d\u52d5\u7523\u53ce\u76ca\u306e\u5c06\u6765\u306b\u5f97\u3089\u308c\u308b<\/p>\n

\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u4e88\u6e2c\u3057\u3066\u3001\u305d\u306e\u5f8c\u306e\u4f01\u696d\u3084\u4e0d\u52d5\u7523\u306e\u58f2\u5374\u76ca\u3092<\/p>\n

\u52a0\u5473\u3057\u305f\u5f8c\u306b\u5272\u5f15\u7387\u3092\u7528\u3044\u3066\u73fe\u5728\u4fa1\u5024\u3092\u5272\u308a\u51fa\u3059\u65b9\u6cd5\u306a\u306e\u3067\u3059\u304c\u3001<\/p>\n

\u5c11\u3057\u7c21\u5358\u306b\u8003\u3048\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n

 <\/p>\n

100\u4e07\u5186\u3092\u9810\u3051\u305f\u3089\u300110\u5e74\u5f8c\u306b10\u4e07\u5186\u306e\u5229\u606f\u304c\u4ed8\u304f\u91d1\u878d\u5546\u54c1\u304c<\/p>\n

\u3042\u3063\u305f\u3068\u3059\u308b\u3068\u3001\u3053\u306e\u91d1\u878d\u5546\u54c1\u306e\u73fe\u5728\u4fa1\u5024\u306f\u3044\u304f\u3089\u306b\u306a\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n

\u4ed8\u5e2f\u6761\u4ef6\u3068\u3057\u3066\u3001\u3053\u306e\u6642\u306b100\u4e07\u5186\u3092\u666e\u901a\u9810\u91d1\u306b\u9810\u3051\u305f\u5834\u5408\u306b\u306f\u3001<\/p>\n

10\u5e74\u5f8c\u306b101\u4e07\u5186\u306b\u306a\u308b\u3068\u3057\u307e\u3059\u3002<\/p>\n

 <\/p>\n

10\u5e74\u5f8c\u306b10\u4e07\u5186\u306e\u5229\u606f\u304c\u4ed8\u304f\u306e\u3060\u304b\u3089\u3001110\u4e07\u5186\u3067\u58f2\u308b\u3068\u3044\u3046\u8003\u3048\u306f<\/p>\n

DCF\u6cd5\u3067\u306f\u53d6\u308a\u307e\u305b\u3093\u3057\u3001DCF\u6cd5\u3092\u77e5\u3063\u3066\u3044\u308b\u65b9\u306f\u8cb7\u3044\u307e\u305b\u3093\u3002<\/p>\n

 <\/p>\n

DCF\u6cd5\u3067\u306f10\u5e74\u5f8c\u306b110\u4e07\u5186\u306b\u306a\u308b\u91d1\u878d\u5546\u54c1\u306e\u73fe\u5728\u4fa1\u5024\u3092\u5272\u308a\u51fa\u3057\u307e\u3059\u3002<\/p>\n

\u3053\u306e\u30b1\u30fc\u30b9\u3067\u306f\u666e\u901a\u9810\u91d1\u306b100\u4e07\u5186\u3092\u9810\u3051\u3066\u3082101\u4e07\u5186\u306b\u306a\u308b\u306e\u3067\u3059\u304b\u3089\u3001<\/p>\n

101\u4e07\u5186\u00f7100=1.01\u3068\u3044\u3046\u6570\u5024\u3092\u5272\u5f15\u7387\u3068\u8003\u3048\u91d1\u878d\u5546\u54c1\u306b\u9069\u7528\u3057\u307e\u3059\u3002<\/p>\n

110\u4e07\u5186\u00f71.01=1,089,109\u5186\u3068\u306a\u308a\u307e\u3059\u304c\u3001\u3053\u306e\u91d1\u984d\u304c\u91d1\u878d\u5546\u54c1\u306e\u73fe\u5728\u4fa1\u5024\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n

 <\/p>\n

1,089,109\u5186\u3067\u91d1\u878d\u5546\u54c1\u3092\u58f2\u3063\u3066\u3082\u3001\u305d\u306e\u307e\u307e\u666e\u901a\u9810\u91d1\u306b\u9810\u3051\u308c\u3070<\/p>\n

10\u5e74\u5f8c\u306b110\u4e07\u5186\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u3067\u3001\u58f2\u3063\u305f\u4eba\u306b\u640d\u306f\u51fa\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n

 <\/p>\n

\u975e\u5e38\u306b\u7c21\u5358\u306b\u8003\u3048\u305fDCF\u6cd5\u306e\u4e00\u7aef\u306f\u4ee5\u4e0a\u306e\u3088\u3046\u306a\u3082\u306e\u3067\u3059\u3002<\/p>\n

 <\/p>\n

DCF\u6cd5\u306f\u30d0\u30d6\u30eb\u5d29\u58ca\u5f8c\u306e\u4e0d\u52d5\u7523\u8a55\u4fa1\u306e\u5b9f\u52d9\u306b\u304a\u3044\u3066\u6025\u901f\u306b\u5e83\u307e\u3063\u305f<\/p>\n

\u7d4c\u7def\u304c\u3042\u308a\u307e\u3059\u304c\u3001\u73fe\u5728\u3067\u306f\u53ce\u76ca\u9084\u5143\u6cd5\u306e\u4e3b\u6d41\u3068\u6210\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u5c02\u7528\u306e\u30bd\u30d5\u30c8\u3082\u6570\u591a\u304f\u958b\u767a\u3055\u308c\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u3002<\/p>\n

 <\/p>\n

\u4e0d\u52d5\u7523\u6295\u8cc7\u306e\u4e16\u754c\u3067\u5e02\u6c11\u6a29\u3092\u5f97\u305fDCF\u6cd5\u3067\u3059\u304c\u3001\u4f01\u696d\u306e\u682a\u5f0f\u4fa1\u5024\u3092<\/p>\n

\u7b97\u51fa\u3059\u308b\u65b9\u6cd5\u306b\u3082\u7528\u3044\u3089\u308c\u3001\u4f01\u696d\u8cb7\u53ce\u306e\u5206\u91ce\u3067\u983b\u7e41\u306b\u6d3b\u7528\u3055\u308c\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u3002<\/p>\n

\u4f01\u696d\u306eFCF\uff08Free Cash Flow\uff09\u3092\u5272\u5f15\u7387\u304b\u3089\u73fe\u5728\u4fa1\u5024\u306b\u7f6e\u304d\u63db\u3048\u3066\u3001<\/p>\n

\u4e8b\u696d\u4fa1\u5024\u3084\u682a\u5f0f\u4fa1\u5024\u3092\u7b97\u51fa\u3057\u3066\u3044\u304f\u306e\u3067\u3059\u304c\u3001FCF\u306e\u4e88\u6e2c\u3068\u9069\u6b63\u306a<\/p>\n

\u5272\u5f15\u7387\u306e\u7b97\u51fa\u304c\u975e\u5e38\u306b\u56f0\u96e3\u306a\u305f\u3081\u3001\u6570\u591a\u304f\u306e\u30b7\u30df\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u3092\u884c\u3046\u5fc5\u8981\u304c\u3042\u308b\u3088\u3046\u3067\u3059\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

DCF\u6cd5\u3068\u306f\u5c06\u6765\u4e88\u6e2c\u3055\u308c\u308b\u53ce\u76ca\u3092\u5272\u5f15\u7387\u3067\u73fe\u5728\u4fa1\u5024\u306b\u7f6e\u304d\u63db\u3048\u3066\u3001 \u6295\u8cc7\u306e\u5224\u65ad\u6750\u6599\u306b\u3059\u308b\u3068\u3044\u3046\u53ce\u76ca\u9084\u5143\u6cd5\u306e\u4e00\u3064\u3067\u3059\u3002 DCF\u306fDiscounted Cash Flow\u306e\u7565\u79f0\u3067\u3059\u3002   \u5177\u4f53\u7684\u306b\u306fDCF\u6cd5\u306f\u4f01\u696d\u3084\u4e0d\u52d5 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.novacomm-inc.com\/index.php?rest_route=\/wp\/v2\/pages\/6"}],"collection":[{"href":"https:\/\/www.novacomm-inc.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.novacomm-inc.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.novacomm-inc.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.novacomm-inc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6"}],"version-history":[{"count":1,"href":"https:\/\/www.novacomm-inc.com\/index.php?rest_route=\/wp\/v2\/pages\/6\/revisions"}],"predecessor-version":[{"id":7,"href":"https:\/\/www.novacomm-inc.com\/index.php?rest_route=\/wp\/v2\/pages\/6\/revisions\/7"}],"wp:attachment":[{"href":"https:\/\/www.novacomm-inc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}