DCF（割引キャッシュフロー）

企業が将来生み出すであろうフリーキャッシュフローで割り引いて算出した現在価値のことを指します。DCFが大きいほど今後企業が獲得するキャッシュが多いということを意味します。

設備投資の判断や企業のM&Aの取引価格算定に使われることが多くありますが、将来の未確定数値に基いて算出するため、その合理性と実現可能性の判断が重要です。

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