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基于上市公司财务指标的传统评价方法在个股投资中的局限性逐渐显现,因此有必要引入更为合理的评价指标。本文将自由现金流量的概念与方法引入了个股评价研究之中,在分析理论界对自由现金流量的论述的基础上对自由现金流量的计算进行了界定。并且分析了其与传统方法比较的优势,进而设计了简单的自由现金流量的评价方法。然后本文选取基金重仓股为样本进行了实例分析,对自由现金流量方法进行简单的实际应用,表明使用自由现金流量进行个股评价具有较好的可行性。
The limitations of the traditional evaluation methods based on the financial indicators of listed companies appear in the individual stock investment, so it is necessary to introduce more reasonable evaluation index. This paper introduces the concept and method of free cash flow into the stock evaluation study, and defines the calculation of free cash flow based on the analysis of the theory of free cash flow in the theoretical circle. And analyzes its advantages compared with traditional methods, and then designs a simple free cash flow evaluation method. Then, this paper selects the Awkwardness of the Fund as an example to conduct a sample analysis and makes a simple and practical application of the free cash flow method, which shows that it is feasible to use free cash flow to evaluate individual stocks.