Application Study Of Enterprise Value Appraisal

With the evolution and extension of the management theory, value administration becomes the main management theory of the contemporary enterprise financial administration, which is applied all over the world. The indexes of financial administration such as traditional sale, profit and so on, can't adapt to the complicated economic condition, these indexes ignore some important factors like time value, enterprise risk etc. Nevertheless, the value administration considered all the benefit relative factors, and then promoted the continual developing ability and the profit ability. The practice proved that the value administration is the most effective management method for enterprises.The precondition of value administration is enterprise value appraised. In the Western developed country, the enterprise value appraised already formed the perfect theory system. Our country's enterprise value appraised origins in the end of 80's of last century, and then introduces the value appraisal theory of Western country gradually, however, the value appraised in our country also is at the primary development phase and has still not formed a set value appraised system that can be suitable in the Chinese national condition, because of the influence of the traditional ideas and the imperfect for China market economy development.In view of above situation, this article has studied the theory and the applications of value appraised in our country.First chapter: Introduced the definition, the feature, the goal, the significance and so on. and then has a more comprehensive understanding for the enterprise value appraised.Second chapter: summarize the enterprise value appraise theoryThird chapter: Introduced the theory and the method system for enterprise value appraisal, analyzed the serviceability of each appraisal method, and pointed out its advantage and disadvantage.Forth chapter: Take Beijing HuiYuan food drink limited company as the appraisal object, to carry on the concrete application for the method of value appraised. Firstly, introduced the competition situation, the development prospects of the drink industry, and then based on the analyzed the competitive advantage, the developmental strategy and the financial advantage of HuiYuan juice Company, carried on the appraisal with the cash flow discount method for the value of HuiYuan juice Company, and then summarized the deficiency of appraisal process. Finally, put forward the proposal for the value administration of HuiYuan juice Company.Fifth chapter: Summary, and carried on the forecast to the development and the application of value appraised in our country.