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1·They generate free cash flows.

他们会产生自由现金流量。

2·The PV of their expected future free cash flows, discounted at the WACC, is the value of operations.

在用资产产生的预期自由现金流量，以加权平均资金成本为折现系数进行折现后的现值称为营业价值。

3·Based on the public data, the paper analyzes the effect of those characteristics and deposit of those free cash flows.

本文对银行债权特征对自由现金流约束方面进行了实证分析。

4·Cost of capital takes into account the ability of the firm to return free cash flows, although it is targeted at its stability and predictability.

资本成本将企业赚回自由现金流的能力考虑在内，虽然其瞄准的目标是该企业获得的自由现金流的稳定性和可预测性。

5·Given that free cash flows, after financial costs, have been negative over recent years, they are loading themselves with debt and vulnerable to a slump.

由于近年来这些公司扣除财务成本的自由现金流一直为负，它们负债累累，并且容易受到股价暴跌的冲击。

6·To value something, you simply have to take its free cash flows from now until kingdom come and then discount them back to the present using an appropriate discount rate.

想要对于某高足意进行估值，你只有要主宰它从而今入手下手直到玩完的从容现金流量意向然后把它们以一个公平的扣头率折现归来。

7·Hackel believes the ability to spot changes to cost of capital will bring superior performance over the long term, not a firm's free cash flows exceeding expectations in a given quarter.

哈克尔认为，发现资本成本变化的能力将给我们带来卓越的长期投资回报，而不只是企业在某特定季度中自由现金流超过预期的一时惊喜。

8·Growth is constant after the horizon (3 years), so we can modify the constant growth formula to find the value of all free cash flows beyond the horizon, discounted back to the horizon.

在预测范围（3年）以后，增长率为固定值，所以我们可以对固定增长公式进行调整以计算预测时间段以外的所有自由现金流量价值，并折现到预测时间段以内。

9·Heart volition bank is senior analyst Michael Linenberg also expresses on ALTA congress, come from 1985 2005, relatively dispersive American aviation industry came true 3 years only free cash flows.

德意志银行高级分析师Michael Linenberg也在ALTA大会上表示，从1985年至2005年，较为分散的美国航空业仅实现了3年的正自由现金流。