Net Present Value (NPV)
Net Present Value (NPV) is the sum of all future cash flows discounted to their present value, minus the initial investment. A positive NPV indicates an investment is expected to create value — a core concept in stock valuation.
公式
範例
An investment requiring $1M upfront that generates $300K annually for 5 years at a 10% discount rate has an NPV of approximately $137K — a positive NPV means the investment creates value.
為什麼重要
NPV is the foundation of DCF analysis. In stock valuation, the "investment" is the current stock price, and the NPV concept tells us whether the stock is worth buying at that price.
MiniValuator 如何使用 Net Present Value (NPV)
MiniValuator's DCF calculation is fundamentally a stock valuation NPV computation — discounting all projected free cash flows and terminal value to present, then comparing to the current stock price.
實戰應用
相關術語
- Discounted Cash Flow (DCF) — Discounted Cash Flow (DCF) is a fundamental stock valuation methodology that estimates the present v...
- Weighted Average Cost of Capital (WACC) — WACC is the blended rate of return that a company must earn on its invested capital to satisfy all o...
- Intrinsic Value — Intrinsic value is the estimated true worth of an asset based on its fundamental economic characteri...
- Terminal Value — Terminal value represents the present value of all future cash flows beyond the explicit forecast pe...
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