本文绝不构成任何投资建议,仅供探讨。一、收入与成本预测收入预测是估值建模的起点,预测企业的收入主要有两种方法:1、自上而下,通过市场总规模、市场份额,确定企业的收入规模。2、自下而上,通过企业自身的产能、产能利用率、销售/产出比率,销售单价,预测企业未来几年的收入。第一种适用于市场格局比较清晰的行业,第二种通常适合企业的产品比较通用、需求比较旺盛的企业。中芯国际从事晶圆代工,需求非常普遍,可以采用...
Source Link本文绝不构成任何投资建议,仅供探讨。一、收入与成本预测收入预测是估值建模的起点,预测企业的收入主要有两种方法:1、自上而下,通过市场总规模、市场份额,确定企业的收入规模。2、自下而上,通过企业自身的产能、产能利用率、销售/产出比率,销售单价,预测企业未来几年的收入。第一种适用于市场格局比较清晰的行业,第二种通常适合企业的产品比较通用、需求比较旺盛的企业。中芯国际从事晶圆代工,需求非常普遍,可以采用...
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