Page 420 - V1.Osung Book_Eng
P. 420

G E N O M E                                                 Efforts/Results/Evaluation/Value/Sales/Registration/Transfer



                                                                                         Increase your valuation of assets.

                                                                                         Visible valuation is shown in numbers and indivisible one is
                  2. Enterprise Value Evaluator
                                                                                         shown in the reputation.
                    1) Discounted cash flow (DCF)
                                    구 분                                   2018               2019               2020               2021             2022
                  (1)영업가치
                  영업현금흐름(FCF)
                  WACC
                  Discount factor

                  예측기간이후의 가치(CV)
                   - Perpetuity(FCF/WACC-g)         g  :  0%
                   - EBITDA Multiple          Multiple :  5
                   - NOPLAT/WACC

                  NPV of FCF


                  NPV of CV



                  영업현금흐름현가의 합
                  CV 현가
                  영업가치

                  (2)비사업가치

                  (3)기업가치
                  타인자본가치
                  자기자본가치
                  주식수㈜
                  주당 자기자본가치(원)



                                                            Live like the iron hand in the velvet glove.
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