Value Assigement Research For H High-Tech Enterprise Based On Discounted Cash Flow Technique

For business activities of an enterprise, the correct assessment of the value of an enterprise has great significance. With the deepening of economic reform, the development of high-tech enterprise is more and more important as the driving force for the country's economy, and correct assessment of the value of high-tech enterprise is very important for financial management, venture capital decision-making, market valuation. Therefore, it has enormous needs to assess the value of high-tech enterprise.Overseas, the theory of assessment of the value of an enterprise has been developed over the past century ,theoretical research of assessment of the value of the high-tech enterprises has been in full swing,but in our country ,Research of assessment of the value of the high-tech enterprise is just ascendant, it has yet to form a complete and mature theoretical system .This is because of the high-tech enterprise of china's late development ,the theory of the assessment of high-tech enterprises are mainly the results of research from abroad, and the case of assessment value of china's high-tech enterprise is seriously inadequate. Therefore, combining H enterprise, this paper applies theoretical analysis and empirical analysis, an quantitative analysis method to the study. mainly content include:To introduce the existing assessment methods of an enterprise value, analysising of the current applicability of the various valuation methods, analysising in detail the domestic and foreign market of the satellite production which H enterprise manufacture and advantage of the competition. Enterprise is high-tech-intensive, high-knowledge-intensive, high input, high-growth, high-risk, with its value is mutational, integrity, significant impacted by the intangible assets and the human resources and the potential profitability. combining of high-tech enterprise's life cycle ,it select the value assessment method. Adopting two methods assess the value of the H enterprise, and analyzing the results which two methods cause the difference , consequently approving the conclusion is reliability...