{"description":"\u6982\u8981 \u9577\u671f\u6295\u8cc7\u3092\u524d\u63d0\u3068\u3057\u305f\u682a\u5f0f\u4fdd\u6709\u306b\u304a\u3044\u3066\u3082\u3001\u4e8b\u696d\u306e\u65e9\u671f\u6d88\u5931\u30ea\u30b9\u30af\u306f\u5b8c\u5168\u306b\u306f\u6392\u9664\u3067\u304d\u306a\u3044\u3002\u672c\u7a3f\u3067\u306f\u3001\u5f53\u8a72\u30ea\u30b9\u30af\u304c\u9855\u5728\u5316\u3057\u305f\u30b7\u30ca\u30ea\u30aa\u306b\u304a\u3051\u308b\u6295\u8cc7\u4fa1\u5024\u306e\u4e0b\u9650\uff08\u30d5\u30ed\u30a2\uff09\u3092\u5b9a\u91cf\u7684\u306b\u63a8\u8a08\u3059\u308b\u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af\u3092\u6574\u7406\u3059\u308b\u3002\u6838\u5fc3\u306f\u3001\u901a\u5e38\u306eDCF\u5206\u6790\u3067\u30bf\u30fc\u30df\u30ca\u30eb\u30d0\u30ea\u30e5\u30fc\u304c\u7f6e\u304b\u308c\u308b\u4f4d\u7f6e\u306b\u3001\u7d99\u7d9a\u4f01\u696d\u4fa1\u5024\u3067\u306f\u306a\u304f\u89e3\u6563\u4fa1\u5024\uff08Liquidation Value\uff09\u3092\u4ee3\u66ff\u7684\u306b\u7f6e\u304f\u3053\u3068\u3067\u3042\u308b\u3002 1. \u57fa\u672c\u30e2\u30c7\u30eb\u306e\u69cb\u9020 \u4e8b\u696d\u304cN\u5e74\u5f8c\u306b\u6d88\u5931\u3059\u308b\u3068\u60f3\u5b9a\u3057\u305f\u5834\u5408\u3001\u4f01\u696d\u4fa1\u5024\u306f\u4ee5\u4e0b\u306e\u5f0f\u3067\u8868\u3055\u308c\u308b\u3002 V = \u03a3 [FCF_t / (1+r)^t] (t=1\u301cN) + LV_N / (1+r)^N FCF_t\uff1at\u5e74\u76ee\u306e\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc r\u2026","type":"rich","provider_url":"https://hatena.blog","published":"2026-06-03 13:14:32","height":"190","provider_name":"Hatena Blog","categories":[],"url":"https://kyorosukeke.hatenablog.com/entry/2026/06/03/131432","html":"<iframe src=\"https://hatenablog-parts.com/embed?url=https%3A%2F%2Fkyorosukeke.hatenablog.com%2Fentry%2F2026%2F06%2F03%2F131432\" title=\"\u89e3\u6563\u4fa1\u5024\u30d5\u30ed\u30a2\u5206\u6790\uff1a\u4e8b\u696d\u6d88\u5931\u30ea\u30b9\u30af\u4e0b\u306b\u304a\u3051\u308b\u682a\u5f0f\u6295\u8cc7\u306e\u4e0b\u9650\u4fa1\u5024\u63a8\u8a08\u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af - \u3068\u3042\u308b\u6295\u8cc7\u5bb6\u306e\u5b66\u7fd2\u5e33\" class=\"embed-card embed-blogcard\" scrolling=\"no\" frameborder=\"0\" style=\"display: block; width: 100%; height: 190px; max-width: 500px; margin: 10px 0px;\"></iframe>","author_url":"https://blog.hatena.ne.jp/kyorosukeke/","author_name":"kyorosukeke","title":"\u89e3\u6563\u4fa1\u5024\u30d5\u30ed\u30a2\u5206\u6790\uff1a\u4e8b\u696d\u6d88\u5931\u30ea\u30b9\u30af\u4e0b\u306b\u304a\u3051\u308b\u682a\u5f0f\u6295\u8cc7\u306e\u4e0b\u9650\u4fa1\u5024\u63a8\u8a08\u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af","width":"100%","version":"1.0","blog_url":"https://kyorosukeke.hatenablog.com/","image_url":null,"blog_title":"\u3068\u3042\u308b\u6295\u8cc7\u5bb6\u306e\u5b66\u7fd2\u5e33"}