Fundamentals aur valuation
Free cash flow kya hota hai?
English term: Free cash flow · Read in English
Free cash flow operating cash flow minus capital expenditure hai. Yaani woh cash jo business ko chalane aur badhane ke liye invest karne ke baad bachta hai.
Profit accounting choices se badal sakta hai, lekin cash ko fake karna mushkil hai. Jin companies ka free cash flow steady hota hai, woh dividend de sakti hain, debt kam kar sakti hain ya shares buy back kar sakti hain.
Growing companies ka free cash flow kuch time tak negative reh sakta hai, kyunki woh bahut zyada invest kar rahi hoti hain.
Isse jude terms
- Net profit kya hota hai?Net profit (profit after tax) woh rakam hai jo revenue mein se saare expenses, interest, depreciation aur tax nikalne ke baad bachti hai.
- Dividend kya hota hai?Dividend profit ka woh hissa hai jo shareholders ko cash mein diya jata hai. Dividend yield saalana dividend ko share price se divide karke nikalta hai.
- Share buyback kya hota hai?Buyback tab hota hai jab company apne hi shares shareholders se wapas kharidti hai, aam taur par premium par. Isse outstanding shares ki sankhya kam ho jati hai.
Yeh sirf education ke liye hai, investment advice nahi. PaisaTrade broker ya SEBI-registered adviser nahi hai.