1公司估值方法目录公司估值方法...................................................................................................................................1第一讲如何估算贴现率...........................................................................................................2第一节资本资产定价模型（CAPM）与贴现率估算........................................................2第二节如何估算无风险利率...............................................................................................2第三节如何估算预期市场收益率或者风险溢价.................................................................4第四节如何估算β值...........................................................................................................6GMAcceptance.................................................................................................................................8ElectronicDatasystems............................................................................................................8第二讲如何预测增长率.............................................................................................................11第一节使用历史增长率.....................................................................................................12第二节使用专业分析人员的盈利预测.............................................................................16第三节盈利增长率的决定因素.........................................................................................18总结.....................................................................................................................................22第三讲如何估计现金流.............................................................................................................22第一节股权自由现金流.....................................................................................................23第二节公司自由现金流.............................................................................................
