企业内在价值计算集合.pdfVIP

内在价值=净收益×可持续的净资产收益率(

预估股价=内在价值/总股本

总股本（亿）扣非净收益（亿）可持续的净资产收益率(百分数)

贵州茅台12.56169.5524.44%

京东方A338.622457.96%

亚宝药业7.872.5611.51%

格力电器60.16156.0130.41%

包钢股份455.8512.552.89%

世联行20.445.0317.67%

中国平安171.7226.0613.18%

济川药业8.19.0229.00%

中国核建26.2545.37%

世茂股份37.511010.20%

总股本净收益可持续的净资产收益率(百分数)

中国平安19.46507.16%

23.74.588.80%

4.53.7110.60%

10.38154.5238.00%

(百分数)/(贴现率的平方)

(百分数)贴现率内在价值（亿元）内在股价（元）

10.00%4143.802329.9205414四折

10.00%1950.25.759258165四折

10.00%29.46563.744040661四折

10.00%4744.26417865四折

10.00%36.26950四折

10.00%88.88014.3483414873四折

10.00%2979.47081717四折

10.00%261.5832四折

10.00%21.480.818285714四折

10.00%1022.719274