本文从公司自由现金流量的角度探讨公司价值。
This paper will study company investment worth from the angle of the free cash flow .
从财务角度考虑，现金流量贴现模式是对目标公司进行价值评估的最合理方式。
From the viewpoint of finance, discounted cash flow method is the best way to assess the value of the target company.
价值基础管理(VBM)，涉及对自由现金流量、风险以及时间调整的分析和管理，涉及对公司人员从短期利润视角到长期价值创造的观念更新。
VBM concerns analysis and management to free cash flow, risk and time adjustment, and concerns updating of workers 'ideas from short - time profit to long - time creation of value.
如果资本成本低，再由本公司产生未来现金流量的折现值高，造成了高公司整体价值。
If the cost of capital is low, then the discounted value of future cash flows generated by the company is high, resulting in a high overall company value.
过去和现在的现金流量应能很好地反映公司的价值和破产概率。
The cash flow of the past and present should be able to well reflect the value and bankrupt probability of the company.
第四章通过具体案例，采用折现现金流量法对目标公司价值进行评估分析，并探讨评估过程中出现的问题。
Chapter 4 set forth the problem in using the method of discount cash flows to analyse the goal enterprise.
考虑权力制衡对公司价值的影响，发现当控股股东的控制力和其现金流量权分离越大时，公司价值越低。股权制衡和控制权竞争程度越高时，公司价值越高。
Consider the effect of the balance power of shareholder, it shows the higher degree of the separation, the lower the company value it gets.
本文在自由现金流量折现法评估企业价值理论基础上，用一个完整的案例——三全食品股份有限公司，对该方法进行实证研究。
This article makes empirical research on this method by using a complete case---Sanquan Food Ltd based on the existing theory.
本文在自由现金流量折现法评估企业价值理论基础上，用一个完整的案例——三全食品股份有限公司，对该方法进行实证研究。
This article makes empirical research on this method by using a complete case---Sanquan Food Ltd based on the existing theory.
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