METHOD FOR APPRAISING ENTERPRISE VALUE USING DISCOUNTED CASH FLOW MODELS

摘要

The present invention relates to a method for appraising an enterprise value based on a cash flow and a discount rate and, more specifically, relates to a method for providing information about an enterprise value of an appraisal subject enterprise for a user by using a DB of financial information of the appraisal subject enterprise. The present invention, in the method for appraising the enterprise value using the DB of the financial information, is characterized by comprising: (a) a step of receiving an input of the appraisal subject enterprise and an input of at least one scenario among a turnover increase rate, a sales cost increase rate, a selling, general, and administrative expenses increase rate, and a permanent growth rate; (b) a step of estimating a future cash flow of the enterprise based on the inputted scenario; (c) a step of calculating a discount rate in consideration of the industrial classification and a scale of the enterprise; and (d) a step of calculating a result of appraising an equity value of the enterprise by calculating a sales value of the enterprise based on the future cash flow and the discount rate and then adding or subtracting non-business assets and net liabilities. According to the present invention, the future cash flow can be estimated in consideration of a major scenario of the appraisal subject enterprise only. In addition, an effect of enabling even a user with no financial knowledge to rapidly and conveniently appraise the enterprise value by appraising the enterprise value based on the future cash flow and the discount rate is obtained.;COPYRIGHT KIPO 2017