To predict the current value of the future cash flow, the enterprise shall take into comprehensive consideration the expected future cash flow, service life, discount rate, and other factors.

预计资产未来现金流量的现值，应当综合考虑资产的预计未来现金流量、使用寿命和折现率等因素。

youdao

And at what rate do you discount those cash flows?

现金流折现率又是多少呢？

youdao

The application of income present value method mainly involves three appraisals parameters, namely future cash flows, discount rate and the discount period.

有关收益现值法的运用，主要涉及到三个评估技术参数，即收益现金流、折现率和收益期限。

youdao

As a result the most important variables to the price of an asset are the level and future shape of free cash flows, and the discount rate used, which, as you rightly point out, can be analysed in terms of risk premium.

ECONOMIST: Robert Wade replies

At the heart of Buffett's simple but highly effective strategy is having the discipline to recognize when the market is not properly reflecting the true long-term value of a particular business, which can be calculated by discounting its likely future cash flows at an appropriate discount rate.

FORBES: Warren Buffett: Business Buyer

Low interest rates reduce the discount rate on corporate earnings and cash flow, raising their present value.

FORBES: The Fed Is Your Oldest Best Friend