贵州茅台DCF估值
- 1、下载文档前请自行甄别文档内容的完整性,平台不提供额外的编辑、内容补充、找答案等附加服务。
- 2、"仅部分预览"的文档,不可在线预览部分如存在完整性等问题,可反馈申请退款(可完整预览的文档不适用该条件!)。
- 3、如文档侵犯您的权益,请联系客服反馈,我们会尽快为您处理(人工客服工作时间:9:00-18:30)。
2013E2014E2015E2016E2017E
45,344.0564,472.4391,232.75128,596.41180,631.30
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
1,539.772,138.332,926.864,026.395,600.92
0.000.000.000.000.00
1.07 1.14 1.19 1.22 1.22
521.10724.751,007.621,401.121,948.15
98.69137.20190.77265.27368.83
422.41587.55816.851,135.851,579.32
621.80864.471,202.041,671.392,323.97
17.3624.1533.5746.6864.91
604.45840.321,168.471,624.712,259.06
51.3271.3899.22137.97191.84
0.000.000.000.000.00
0.000.000.000.000.00
18,560.9625,818.0935,889.5449,905.8769,392.42
11.1015.4421.4629.8441.49 18,549.8725,802.6535,868.0849,876.0369,350.92
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00 66,512.9293,913.80132,113.42185,398.58259,614.59
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
43.5243.4943.5043.5043.50
0.000.000.000.000.00
43.5243.4943.5043.5043.50
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
5.87 5.87 5.87 5.87 5.87
0.000.000.000.000.00
5.87 5.87 5.87 5.87 5.87
4,858.675,027.145,147.525,212.205,218.51
7.637.908.098.198.20 4,851.045,019.245,139.435,204.015,210.31
12.5512.2011.209.768.05
78.1072.3268.4164.8162.07
0.000.000.000.000.00
78.1072.3268.4164.8162.07
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
626.39692.41760.33829.77899.32
0.000.000.000.000.00
626.39692.41760.33829.77899.32
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00 -200.95-239.12-279.24-320.35-361.33
39.6639.6339.6439.6439.64
0.000.000.000.000.00
13.6114.4514.3414.1314.31 5,469.795,660.505,803.505,891.145,921.74
0.000.000.000.000.00 71,982.7199,574.30137,916.92191,289.71265,536.32
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
434.02603.44839.061,166.681,622.20
0.000.000.000.000.00
13,553.4318,883.5926,233.1436,479.9850,728.39
50.8650.8450.8550.8550.85
0.000.000.000.000.00
624.72623.17621.99621.70622.06
0.000.000.000.000.00
374.21373.98374.10374.08374.07
1.93
2.69
3.72 5.187.20
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
29.0330.5829.9529.8530.13 15,068.2020,568.2828,152.8138,728.3253,434.90
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00 15,068.2020,568.2828,152.8138,728.3253,434.90
943.80943.80943.80943.80943.80 1,374.961,374.961,374.961,374.961,374.96
7,725.1010,896.9815,045.0320,620.3928,500.55
0.000.000.000.000.00 31,447.4843,972.3561,632.9586,490.11121,272.83 19,369.9126,951.5637,521.2252,213.0072,643.59 2,449.023,171.884,148.045,575.377,880.15 4,396.026,119.088,516.0211,854.9116,497.21
0.000.000.000.000.00 43,972.3561,632.9586,490.11121,272.83169,539.07
43,972.3561,632.9586,490.11121,272.83169,539.07 6,119.088,516.0211,854.9116,497.2122,952.27
0.000.000.000.000.00
0.000.000.000.000.00
0.000.000.000.000.00
54,016.2274,848.70103,853.90144,211.99200,358.38 2,898.304,157.325,910.218,349.4111,743.05
56,914.5179,006.02109,764.11152,561.40212,101.43
0.000.000.000.000.00 71,982.7199,574.30137,916.92191,289.71265,536.32
0.000.000.000.000.00