{"id":112,"date":"2018-09-29T00:00:00","date_gmt":"2018-09-28T15:00:00","guid":{"rendered":"http:\/\/nsspirt-cashf2.com\/2018\/09\/29\/2018-09-29-000000\/"},"modified":"2023-09-25T13:54:46","modified_gmt":"2023-09-25T04:54:46","slug":"corporate-value","status":"publish","type":"post","link":"https:\/\/www.nsspirt-cashf2.com\/ba\/corporate-value\/","title":{"rendered":"\u3010\u56f3\u89e3\u3011\u4f01\u696d\u4fa1\u5024\u3068\u306f\u30fb\u682a\u4e3b\u4fa1\u5024\u3068\u306f\u3010\u9055\u3044\u30fb\u8a08\u7b97\u65b9\u6cd5\u3011"},"content":{"rendered":"<p>\u591a\u304f\u306e\u30d3\u30b8\u30cd\u30b9\u30d1\u30fc\u30bd\u30f3\u304c\u3001\u300c\u4f01\u696d\u4fa1\u5024\u300d\u3068\u304b\u300c\u682a\u4e3b\u4fa1\u5024\u300d\u3068\u3044\u3046\u8a00\u8449\u30921\u56de\u306f\u805e\u3044\u305f\u3053\u3068\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u300c\u4f01\u696d\u4fa1\u5024\u3068\u306f\u4f55\u3067\u3059\u304b\uff1f\u300d\u3001\u300c\u682a\u4e3b\u4fa1\u5024\u3068\u306f\u3069\u3046\u3044\u3046\u610f\u5473\u3067\u3059\u304b\uff1f\u300d\u3068\u805e\u304b\u308c\u308b\u3068\u3001\u56de\u7b54\u306b\u56f0\u3063\u3066\u3057\u307e\u3046\u65b9\u3082\u591a\u3044\u306e\u3067\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u3053\u306e\u8a18\u4e8b\u3067\u306f\u3001<a 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class=\"simple-box1\">\n<p><strong>\u4e8b\u696d\u4fa1\u5024<\/strong><\/p>\n<p><strong>\uff1d\u3000\u4e8b\u696d\u7528\u8cc7\u7523\uff08\u6642\u4fa1\uff09\u3000\u30fc\u3000\u55b6\u696d\u8ca0\u50b5<\/strong><\/p>\n<p><strong>\uff1d\u3000\u4e8b\u696d\u7528\u8cc7\u7523\uff08\u7c3f\u4fa1\uff09\u3000\uff0b\u3000\u306e\u308c\u3093\u3000\u30fc\u3000\u55b6\u696d\u8ca0\u50b5<\/strong><\/p>\n<\/div>\n<p>\u8cb8\u501f\u5bfe\u7167\u8868\u306b\u63cf\u304b\u308c\u3066\u3044\u308b\u306e\u306f\u3001\u3042\u304f\u307e\u3067\u8cc7\u7523\u3092\u53d6\u5f97\u3057\u305f\u3068\u304d\u306e\u91d1\u984d\u3001\u3059\u306a\u308f\u3061\u7c3f\u4fa1\u3067\u3059\u304c\u3001\u5b9f\u969b\u306b\u306f\u305d\u306e\u8cc7\u7523\u306f\u53d6\u5f97\u3057\u305f\u91d1\u984d\u4ee5\u4e0a\u306e\u6642\u4fa1\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u4e8b\u696d\u7528\u8cc7\u7523\u306e\u6642\u4fa1\u3068\u7c3f\u4fa1\u306e\u5dee\u984d\u306e\u3053\u3068\u3092\u306e\u308c\u3093\u3092\u8a00\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u3053\u304b\u3089\u55b6\u696d\u8ca0\u50b5\uff08\u8cb7\u639b\u91d1\u3084\u652f\u6255\u624b\u5f62\u306a\u3069\uff09\u3092\u5dee\u3057\u5f15\u304f\u3053\u3068\u3067\u3001\u4e8b\u696d\u4fa1\u5024\u3092\u6c42\u3081\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u8cc7\u7523\u30921\u3064\u305a\u3064\u7cbe\u67fb\u3057\u3066\u306e\u308c\u3093\u3092\u6c42\u3081\u308b\u65b9\u6cd5\u3082\u3042\u308a\u307e\u3059\u304c\u3001\u5b9f\u52d9\u7684\u306b\u306f<a href=\"https:\/\/www.nsspirt-cashf2.com\/ba\/dcf\/\">DCF\u6cd5<\/a>\u3092\u4f7f\u3063\u3066\u4e8b\u696d\u4fa1\u5024\u3092\u76f4\u63a5\u6c42\u3081\u308b\u30b1\u30fc\u30b9\u3082\u591a\u3044\u3067\u3059\u3002<\/p>\n<p><a href=\"https:\/\/www.nsspirt-cashf2.com\/ba\/dcf-examples\/\">DCF\u6cd5\u3092\u4f7f\u3063\u305f\u7406\u8ad6\u682a\u4fa1\u7b97\u51fa\u624b\u9806<\/a>\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3092\u3054\u89a7\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>https:\/\/www.nsspirt-cashf2.com\/ba\/dcf-examples\/<\/p>\n<h3>\u4f01\u696d\u4fa1\u5024\u3092\u6c42\u3081\u308b<\/h3>\n<p>\u4e8b\u696d\u4fa1\u5024\u304c\u6c42\u3081\u3089\u308c\u308b\u3068\u3001\u4f01\u696d\u4fa1\u5024\u3092\u6c42\u3081\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u4f01\u696d\u4fa1\u5024\u3068\u4e8b\u696d\u4fa1\u5024\u306b\u306f\u3001\u6b21\u306e\u3088\u3046\u306a\u95a2\u4fc2\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<div class=\"simple-box1\">\n<p><strong>\u4f01\u696d\u4fa1\u5024<\/strong><\/p>\n<p><strong>\uff1d\u3000\u4e8b\u696d\u4fa1\u5024\u3000\uff0b\u3000\u975e\u4e8b\u696d\u7528\u8cc7\u7523\u306e\u4fa1\u5024<\/strong><\/p>\n<\/div>\n<p>\u975e\u4e8b\u696d\u7528\u8cc7\u7523\u3068\u306f\u3001\u6709\u4fa1\u8a3c\u5238\u3001\u4e8b\u696d\u306b\u4f7f\u3063\u3066\u3044\u306a\u3044\u5efa\u7269\u3084\u571f\u5730\u306a\u3069\u3001\u672c\u696d\u3068\u306f\u95a2\u4fc2\u306a\u304f\u4fdd\u6709\u3057\u3066\u3044\u308b\u8cc7\u7523\u306e\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u4e8b\u696d\u4fa1\u5024\u306b\u3053\u3046\u3057\u305f\u975e\u4e8b\u696d\u7528\u8cc7\u7523\u306e\u4fa1\u5024\u3092\u52a0\u3048\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u5168\u4f53\u306e\u4fa1\u5024\u3067\u3042\u308b\u4f01\u696d\u4fa1\u5024\u3092\u6c42\u3081\u3089\u308c\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u306a\u304a\u3001\u5b9f\u52d9\u7684\u306b\u306f<a href=\"https:\/\/www.nsspirt-cashf2.com\/ba\/ebitda\/\">EV\uff0fEBITDA\u500d\u7387<\/a>\u3092\u7528\u3044\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u4fa1\u5024\u3092\u30c0\u30a4\u30ec\u30af\u30c8\u306b\u6c42\u3081\u308b\u30b1\u30fc\u30b9\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>EV\uff0fEBITDA\u500d\u7387\u306e\u8a73\u7d30\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3092\u3054\u89a7\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>https:\/\/www.nsspirt-cashf2.com\/ba\/ebitda\/<\/p>\n<h3>\u682a\u4e3b\u4fa1\u5024\u306e\u8a08\u7b97\u65b9\u6cd5<\/h3>\n<p>\u4f01\u696d\u4fa1\u5024\u304c\u6c42\u3081\u3089\u308c\u308b\u3068\u3001\u4f01\u696d\u5168\u4f53\u306e\u4fa1\u5024\u304c\u308f\u304b\u308a\u307e\u3059\u3002<\/p>\n<p>\u4f01\u696d\u306e\u4fa1\u5024\u306f\u3001\u50b5\u6a29\u8005\u3068\u682a\u4e3b\u306b\u3088\u3063\u3066\u30b7\u30a7\u30a2\u3055\u308c\u307e\u3059\u304c\u3001\u8ca1\u7523\u306e\u512a\u5148\u914d\u5206\u6a29\u306f\u50b5\u6a29\u8005\u306e\u65b9\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u3057\u305f\u304c\u3063\u3066\u3001\u682a\u4e3b\u4fa1\u5024\u306f\u50b5\u6a29\u8005\u304c\u6301\u3063\u3066\u3044\u308b\u4fa1\u5024\u3001\u3059\u306a\u308f\u3061\u6709\u5229\u5b50\u8ca0\u50b5\u3092\u5f15\u3044\u305f\u6b8b\u308a\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u8a08\u7b97\u5f0f\u3067\u8868\u3059\u3068\u4ee5\u4e0b\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n<div class=\"simple-box1\">\n<p><strong>\u682a\u4e3b\u4fa1\u5024<\/strong><\/p>\n<p><strong>\uff1d\u3000\u4f01\u696d\u4fa1\u5024\u3000\u30fc\u3000\u6709\u5229\u5b50\u8ca0\u50b5<\/strong><\/p>\n<\/div>\n<p>\u3057\u304b\u3057\u3001\u624b\u6301\u3061\u306e\u73fe\u9810\u91d1\u304c\u3042\u308b\u5834\u5408\u3001\u6709\u5229\u5b50\u8ca0\u50b5\u3092\u5373\u6642\u8fd4\u6e08\u3067\u304d\u308b\u306e\u3067\u3001\u5b9f\u52d9\u4e0a\u306f\u4ee5\u4e0b\u306e\u5f0f\u304c\u4f7f\u308f\u308c\u307e\u3059\u3002<\/p>\n<div class=\"simple-box1\">\n<p><strong>\u682a\u4e3b\u4fa1\u5024<\/strong><\/p>\n<p><strong>\uff1d\u3000\u4f01\u696d\u4fa1\u5024\u3000\u30fc\u3000\uff08\u6709\u5229\u5b50\u8ca0\u50b5\u3000\u30fc\u3000\u73fe\u9810\u91d1\uff09<br \/>\n<\/strong><\/p>\n<p>\uff08\u6709\u5229\u5b50\u8ca0\u50b5\u30fc\u73fe\u9810\u91d1\u306e\u3053\u3068\u3092\u7d14\u6709\u5229\u5b50\u8ca0\u50b5\u3068\u3082\u8a00\u3044\u307e\u3059\uff09<\/p>\n<\/div>\n<p>\u682a\u4e3b\u4fa1\u5024\u304c\u308f\u304b\u308b\u3068\u3001\u4ee5\u4e0b\u306e\u8a08\u7b97\u5f0f\u304b\u3089\u7406\u8ad6\u682a\u4fa1\u3092\u7b97\u5b9a\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<div class=\"simple-box1\">\n<p><strong>\u7406\u8ad6\u682a\u4fa1\u3000\uff1d\u3000\u682a\u4e3b\u4fa1\u5024\u3000\uff0f\u3000\u767a\u884c\u6e08\u307f\u682a\u5f0f\u6570<\/strong><\/p>\n<\/div>\n<p>\u306a\u304a\u3001<a href=\"https:\/\/www.nsspirt-cashf2.com\/ba\/per\/\">PER<\/a>\u3084<a href=\"https:\/\/www.nsspirt-cashf2.com\/ba\/pbr\/\">PBR<\/a>\u3068\u3044\u3063\u305f\u6307\u6a19\u3092\u4f7f\u3046\u3068\u3001\u5e02\u5834\u306e\u76f8\u5834\u304b\u3089\u682a\u4e3b\u4fa1\u5024\u3092\u30c0\u30a4\u30ec\u30af\u30c8\u306b\u7b97\u5b9a\u3059\u308b\u3053\u3068\u3082\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>https:\/\/www.nsspirt-cashf2.com\/ba\/per\/<\/p>\n<p>https:\/\/www.nsspirt-cashf2.com\/ba\/pbr\/<\/p>\n<div id=\"nsspi-3935428708\" class=\"nsspi-h2-2 nsspi-entity-placement\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block; text-align:center;\"\r\n     data-ad-layout=\"in-article\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-client=\"ca-pub-3661469849757690\"\r\n     data-ad-slot=\"6457306725\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2>DCF\u6cd5\u3092\u4f7f\u3063\u305f\u4f01\u696d\u4fa1\u5024\u3001\u682a\u4e3b\u4fa1\u5024\u306e\u7b97\u51fa\u4f8b<\/h2>\n<p>\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306e\u65b9\u6cd5\u306e1\u3064<a href=\"https:\/\/www.nsspirt-cashf2.com\/ba\/dcf\/\">DCF\u6cd5<\/a>\u3067\u306e\u4f01\u696d\u4fa1\u5024\u306e\u7b97\u51fa\u4f8b\u3092\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n<p>\u3042\u308b\u4f1a\u793e\u306e\u4eca\u5e74\u306e<a 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width=\"55\">\u73fe\u5728\u4fa1\u5024<\/td>\n<td align=\"center\" valign=\"middle\" bgcolor=\"#ffffff\" width=\"55\">3,084<\/td>\n<td align=\"center\" valign=\"middle\" bgcolor=\"#ffffff\" width=\"55\">3,170<\/td>\n<td align=\"center\" valign=\"middle\" bgcolor=\"#ffffff\" width=\"55\">3,259<\/td>\n<td align=\"center\" valign=\"middle\" bgcolor=\"#ffffff\" width=\"55\">3,351<\/td>\n<td align=\"center\" valign=\"middle\" bgcolor=\"#ffffff\" width=\"55\">3,445<\/td>\n<td align=\"center\" valign=\"middle\" bgcolor=\"#ffffff\" width=\"55\">49,212<\/td>\n<td align=\"center\" valign=\"middle\" bgcolor=\"#80ffff\" width=\"55\">65,521<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u3053\u306e\u4f1a\u793e\u306e\u4e8b\u696d\u4fa1\u5024\u306f\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u73fe\u5728\u4fa1\u5024\u7d2f\u8a08\u304b\u3089<strong>65,521\u767e\u4e07\u5186<\/strong>\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p><a href=\"https:\/\/www.nsspirt-cashf2.com\/ba\/terminal-value\/\">\u6b8b\u5b58\u4fa1\u5024<\/a>\u3068\u306f\u3001\u4e88\u6e2c\u6700\u7d42\u5e74\u5ea6\u306b\u304a\u3051\u308b\u4e8b\u696d\u306e\u4fa1\u5024\u306e\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u4eee\u306b\u3053\u306e\u4f1a\u793e\u306e\u975e\u4e8b\u696d\u7528\u8cc7\u7523\u304c3,000\u767e\u4e07\u5186\u3001\u6709\u5229\u5b50\u8ca0\u50b5\u304c10,000\u767e\u4e07\u5186\u3060\u3068\u3059\u308b\u3068\u3001\u3053\u306e\u4f1a\u793e\u306e\u4f01\u696d\u4fa1\u5024\u3001\u682a\u4e3b\u4fa1\u5024\u306f\u6b21\u306e\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<div 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align=\"center\" valign=\"middle\" width=\"55\">\u73fe\u5728\u4fa1\u5024<\/td>\n<td align=\"center\" valign=\"middle\" bgcolor=\"#ffffff\" width=\"55\">3,084<\/td>\n<td align=\"center\" valign=\"middle\" bgcolor=\"#ffffff\" width=\"55\">3,170<\/td>\n<td align=\"center\" valign=\"middle\" bgcolor=\"#ffffff\" width=\"55\">3,259<\/td>\n<td align=\"center\" valign=\"middle\" bgcolor=\"#ffffff\" width=\"55\">3,351<\/td>\n<td align=\"center\" valign=\"middle\" bgcolor=\"#ffffff\" width=\"55\">3,445<\/td>\n<td align=\"center\" valign=\"middle\" bgcolor=\"#ffffff\" width=\"55\">88,704<\/td>\n<td align=\"center\" valign=\"middle\" bgcolor=\"#80ffff\" width=\"55\">105,014<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u4e0a\u306e\u4f8b\u3068\u540c\u3058\u6761\u4ef6\u3067\u682a\u4e3b\u4fa1\u5024\u3092\u8a08\u7b97\u3059\u308b\u3068\u6b21\u306e\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<div 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