Net Present Value (NPV)

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Net Present Valueは何であるか。 定義

投資(プロジェクト)のNet Present Value (NPV)は投資から予想される割引かれた現金流動の合計間の相違、および最初に投資される量である。 それは次のステップが実行されるというDiscounted Cash Flowの測定の方法で使用される従来の評価方法(頻繁にプロジェクトのために)である:

Net Present Valueの計算のステップ

1. 投資からの予想された自由な現金流動の計算(頻繁に1年1ごとにごとに)その結果
2. cost of capital (時間および危険を調節するべき利率)のための引きなさい/割引

中間結果はと称される: 現在価値。

3. 最初の投資を引きなさい

最終結果はと称される: Net Present Value。

従ってNPVはどの位価値を投資がin.生じるか表現する量である。 これは現在の現在のポイントの方のすべての現金流動をそのうちに測定することによってされる。

NPV方法が肯定的な量で起因すれば、プロジェクトは実行されるべきである。

Net Present Valueの限定

• NPVの測定が投資決定を作るために広く利用されているが、NPVの不利な点はプロジェクトの決定の後で柔軟性/不確実性を説明しないことである。 より多くの情報についてはReal Optionsを見なさい。
• またNPVは無形利点を取扱ってない。 この無力は戦略的な問題およびプロジェクトのための実用性を減らす。 より多くの情報についてはIC Ratingを見なさい。

本: S. David Young， Stephen F.O'Byrne - EVA and Value-Based Management: A Practical Guide.

本: Aswath Damodaran - Investment Valuation: Tools and Techniques for Determining the.

本: James R. Hitchner - Financial Valuation: Applications and Models

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ベストプラクティス Net Present Valueに関する最も評価の高いディスカッショントピック。ここでは、最も価値のあるアイデアと実用的な提案を見つけます。 🥇 Re-evaluating an investment decision Question: I am re-evaluating an investment decision from 2004 - - where the initial investment was made. If I wanted to look at the investment today would I need to take the future value of the past C... 43   6コメント 🥈 Operating Cash Flows What is the NPV of a project that has cost of 52,125 and net cash flows of 12,000 per year for 8 years with a cost of capital of 12 percent?... 33   5コメント 🥉 Does the Net Present Value (NPV) calculation uses cash inflows or profits? Does the NPV calculation uses cash inflows or profits? Should I use the revenue generated by the project or the profit?... 20   1コメント Choosing between Investments Using a Comparison of NPVs If I have 2 investments and I compare the NPV of both. Which one I prefer? With the biggest NPV?... 19   2コメント More Complex NPV Comparison: Interrelated Projects How would I compare 3 projects - two have an NPV = $500,000 (over 9 years mixed stream of inflows and 20 years annuity, respectively) and one which is a lump of $490,000 cash right now? ... 16   1コメント

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Net Present Valueをと比較した: Internal Rate of Return  |  Payback Period  |  Cost-Benefit Analysis  |  Total Cost of Ownership  |  CAGR  |  株式の費用

経営ハブに戻る: 方針決定と評価 |  財務と投資

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