NPV란 무엇인가? 정의
어느 한 투자(프로젝트)의 순현재가치(NPV)는 투자로부터 기대되는 할인된 현금흐름의 합과 최초에 투자된 금액과의 차이이다. (보통 하나의 프로젝트) 다음과 같은 단계로 계산되는 Discounted Cash Flow[현금흐름할인법] 측정 방법에서 사용된 전통적인 가치평가 방법이다:
NPV 계산방법
- (보통 1년기준) 투자의 결과인 예상된 기업잉여현금흐름(free cash flows)의 계산
- 자본비용(시간과 리스크에 대해 조정된 이자율)을 차감하고 할인.
그 결과 현재가치(Present Value)이다.
- 초기 투자액을 차감한다.
그 결과 최종적으로 순현재가치 (Net Present Value)가 계산된다.
그러므로 NPV는 하나의 투자가 얼마만큼의 가치를 가져올 것인지를 보여주는 금액이다. 이것은 현재 현시점으로 시간을 추정하여 모든 현금흐름을 측정하여 구한다.
만일 NPV가 양(+)의 결과를 보여주면 프로젝트는 착수되야한다.
순현재가치의 한계
참고도서: S. David Young, Stephen F.O'Byrne - EVA and Value-Based Management: A Practical Guide.
참고도서: Aswath Damodaran - Investment Valuation: Tools and Techniques for Determining the.
참고도서: James R. Hitchner - Financial Valuation: Applications and Models
다음에 대한 포럼 토론: 순현재가치. 아래에서 이 주제에 대해 질문하거나 경험을 공유하거나 새로운 개발을 보고하거나 무언가를 설명할 수 있습니다.
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Example of Net Present Calculation
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NPV assumes Certainty of Cash Flows
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NPV Cost Avoidance and Savings
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Calculating NPV for a Project
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순현재가치에 대한 최고 평점 토론 주제. 여기에서 가장 가치있는 아이디어와 실용적인 제안을 찾을 수 있습니다.
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Re-evaluating an investment decision
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Operating Cash Flows
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순현재가치 에 대한 다양한 정보 출처. 여기에서 자신의 강의 및 워크샵에 사용할 파워 포인트, 비디오, 뉴스 등을 찾을 수 있습니다.
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Republishing in ...
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순현재가치다음과 관련된 다른 유용한 소스로 자동으로 이동합니다 .
뉴스
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영화
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프리젠 테이션
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서적
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플라톤 학파 사람들
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더
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NPV 관련개념 : Internal Rate of Return [내부수익률] | Payback Period [투자회수기간] | 비용 편익 분석 | Total Cost of Ownership [총소유비용] | CAGR [연평균복합성장률] | 자기자본비용
다른 페이지로 이동: 의사결정과 가치평가 | 재무와 투자
관리 방법, 모형 및 이론 더 |
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