1. 定义:FCFE是Free Cash Flow to Equity的缩写,意为自由现金流量对股本的贡献。它表示公司自由现金流量的一部分可以成为可供股东享用的自由现金流量。
2. 计算方式:FCFE可以通过净利润、折旧、资本支出、净债务以及股份发行的变化来计算。
3. 应用场景:FCFE常用于评估股票的价值。如果FCFE是正的,那么公司就有足够的自由现金流量来支付股息,回购股票,甚至是扩大业务。如果FCFE是负的,公司可能需要进行股权融资或者融债来获得资金。
4. 与其他财务指标的关联:FCFE通常与其他财务指标一起使用,比如股息支付比率和股息覆盖率。股息支付比率指的是公司每年支付的股息占净利润的比率。股息覆盖率则指的是公司FCFE能够支付股息的数量。
中英例句:
1. The company's FCFE has been positive for the past three years, indicating strong cash flow and potential for growth. (过去xx年公司的FCFE一直是正的,表明强劲的现金流量和潜在的增长可能性。)
2. We use FCFE as one of our evaluation metrics because it helps us gauge a company's ability to pay dividends to shareholders. (我们将FCFE作为评估的指标之一,因为它有助于我们衡量公司向股东支付股息的能力。)
3. The FCFE model takes into account a number of factors such as capital spending and debt, making it a more accurate representation of a company's true cash position. (FCFE模型考虑了众多因素,如资本支出和债务,使它更准确地代表了公司的真实现金状况。)
4. After calculating the FCFE, we can determine whether a company has enough cash to fund future projects or return money to shareholders through stock buybacks or dividends. (计算FCFE之后,我们可以确定公司是否有足够的资金来支持未来项目或通过股票回购或股息向股东返还资金。)
5. Investors should look at FCFE alongside other financial metrics such as P/E ratio and revenue growth to get a full understanding of a company's financial health. (投资者应该结合其他财务指标,如市盈率和收入增长,来全面了解公司的财务状况。)
中文翻译:自由现金流至股东(Free Cash Flow to Equity)
读音:[friː kæʃ fluː tuː ˈekwəti]
例句:公司的fcfe越高,代表公司的自由现金流越充裕,股东可以收到更多的分红。
Translation:
Chinese translation: 自由现金流至股东(Free Cash Flow to Equity)
Pronunciation: [friː kæʃ fluː tuː ˈekwəti]
Example sentence: The higher the company's FCFE, the more abundant the company's free cash flow is and the more dividends shareholders can receive.
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