Netto Contante Waarde (NPV)

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Traditionele waardevaststellingsmethode. Verklaring van Netto Contante Waarde.

Wat is Netto Contante Waarde? Definitie

De Netto Contante Waarde (NPV) van een investering (project) is het verschil tussen de som van de verdisconteerde kasstroom die van de investering worden verwacht, en het bedrag dat aanvankelijk wordt geïnvesteerd. Het is een traditionele waardevaststellingsmethode (vaak voor een project) die in de Discounted Cash Flow-methode metingmethodologie wordt gebruikt, waarbij de volgende stappen worden ondernomen:

Stappen in de berekening van Netto Contante Waarde

1. Berekening van verwachte vrije kasstromen (vaak per per jaar) die uit de investering resulteren
2. Trek af / verdisconteer de kosten van kapitaal (een rentepercentage om voor tijd en risico aan te passen)

Het tussentijdse resultaat wordt genoemd: Contante waarde.

3. Trek de aanvankelijke investeringen af

Het eindresultaat wordt genoemd: Netto Contante Waarde.

Daarom is NPV een bedrag dat uitdrukt hoeveel waarde er uit een investering zal voortvloeien. Dit wordt gedaan door alle kasstromen terug in de tijd te meten naar het huidige punt op dit moment.

Als de NPV methode resulteert in een positief bedrag, zou het project ondernomen moeten worden.

Beperkingen van Netto Contante Waarde

• Hoewel de Netto Contante Waarde (NPV) meting breed voor het nemen van investeringsbesluiten wordt gebruikt, is een nadeel van NPV dat het geen rekening houdt met de flexibiliteit / onzekerheid na het projectbesluit. Zie Real Options-analyse voor meer informatie.
• Ook niet kan NPV ongrijpbare voordelen behandelen. Dit onvermogen vermindert zijn nut voor strategische kwesties en projecten. Zie Intellectueel Kapitaal Waardering voor meer informatie.

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

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

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

Netto Contante Waarde Forum   NPV with Only Costs & IRR Hi, I have been posed with the problem of trying to calculate an NPV, with only costs provided and an IRR. Additionally, costs are not incurred upfront, but by borrowing over each period at a given rate. Would it be incorrect to go ahead and use the ...           Calculating NPV for a Project John owns a nursery school. He estimates that, with an extension, he would be able to sell the business as a going concern for $600,000 in six years time. Without the extension, he would expect to sell it for $500,000 in six years’ time. A local buil...           NPV Cost Avoidance and Savings I evaluating a capital expenditure project where 'stand alone' (location 1) the savings from the investment are low. Due to this, the NPV is low. And thus the project is not feasible. However this project also leads to cost avoidance at another ...           Calculating Cost per Unit if Zero NPV without any Operating Costs Information How does one calculate the cost per unit from the following info? Initial investment of R120M, R8M maintenance costs per year, R5M additional costs for each 1M units produced and 1.2M units produced yearly. 11% interest rate on the investment an...           NPV for Leased Equipment versus Purchased Equipment Do any of you use NPV for a lease situation? I lease equipment and am often asked about purchase versus lease I do not have the customers cash inflows, but when I'd do this comparison of NPVs, the least negative of the two would be the one to go...           WHEN to Invest? Investing at the Right Moment... I have done a NPV calculation for an investment option. The problem I'm thinking about is not IF I should invest, it is WHEN to invest. Its weird to make a calculation on a 10 years basis for option 1 (invest now) and compare it with option 2 (i...           Missed Interest in NPV (How) Can I include interest income forgone in an NPV calculation?...           NPV with a Missing Cash Flow Figure Is is possible to calculate NPV with a missing cash flow figure? E.g. the expected cash flows for a 5 year project at 2% with initial investment of £5000 pounds are £1000, £2500, £2300, £1700 and unknown. Can't this be done?...           Calculating NPV with Missing Data How will I calculate the NPV if I only have the different annual income for 6 years business proposal?...           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?...           NPV of $1 Million for a Project Means What If a NPV of one project is $1 million, what does it mean to an investor?...           Example of Net Present Calculation Consider the following two investments: Investment 1 requires a cash investment of $ 10,000 today and $14,000 two years from now. One year from now this investment will yield $24,000. Investment 2 requires a cash investment of $ 6,000 today...           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?...           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? ...           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?...           How do you Calculate NPV when Initial Investments are Unknown? In calculating NPV when initial investment is not mentioned what should i do? Only cost and benefit from year 1 is given. What would be the power of (1+discount rate) 1 or 0?...           NPV of Partial Payments Suppose a business sells an average of $ 1000 per month to a group of 200 customers on Net 30 terms. What would be the financial benefit to the seller if those customers each paid 1/30th of the invoice each day for 30 days. The situation is one...           NPV assumes Certainty of Cash Flows When using the Net Present Value method be careful: this calculation assumes certainly in the forecasted future cash flows. For strategic longer term projects this assumptions is often not valid in today's volatile markets and uncertain business envi...         Begin een nieuw onderwerp

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Best Practices - Netto Contante Waarde Premium   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 CFs and investment into todays dollars and then re ...

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