股息贴现模型的中文解释

英文Dividend Discount Model的缩写，是股票估值的一种模型，以适当的贴现率将股票未来预计将派发的股息折算为现值，以评估股票的价值。 DDM与将未来利息和本金的偿还折算为现值的债券估值模型相似。

DDM的英文解释

Dividend Discount Model. It values common stock as the sum of the present (discounted) values of its estimated future dividend payments. This model assumes that dividends paid in the future are worth less than their nominal value because of the effects of inflation. To compare them with dividends received today they must be discounted by the estimated rate of inflation. DDM is the share valuation model most readilycomparable with bond evaluation, which discounts future coupon payments by an appropriate rate.

• readily [´redili]   ad.乐意地；容易地   (初中英语单词)
• appropriate [ə´prəupri-it, ə´prəuprieit]   a.适宜的 vt.私占；拨给   (高中英语单词)
• discount [´diskaunt]   n.&vt.(打)折扣   (英语四级单词)
• dividend [´dividənd, -dend]   n.被除数；股息   (英语四级单词)
• comparable [´kɔmpərəbəl]   a.可比较的；类似的   (英语四级单词)
• valuation [,vælju´eiʃən]   n.估价；价值；重要性   (英语六级单词)