Different Life Cycle Assessment Of The Valuation About The Listed Companies On DCF

Valuation is the financial, investment, financial, and other important areas of research and application content. Both the financial assets or physical assets, has its value, the value of those assets is successful metrics management and the investment in these key assets, reasonable assessment of the value of those assets is particularly important, therefore value assessment methods become of increasing concern to the people the hot spots. But so far, based on historical data to the traditional financial valuation method is still the main sector in China physical assessment methods, more scientific theory discounted cash flow (DCF) method of choice because of its uncertainty and the special China market , in China have not yet entered the real applications stage. In practice how reasonable and fair assessment of the value of enterprises become theoretical assessment of the value of China's enterprises by issues requiring urgent solution.In this paper to assess the value of the enterprises based on the classical theory in light of China's enterprises and the actual situation of the capital market, chose DCF model discounted free cash flow model in the company of China's listed companies Empirical Analysis, very good proof of DCF model in China's capital market the applicability. The full text is divided into four chapters, the first chapter in the development of China's capital market as the background, analysis of the current study on the practical significance of this issue, summarized the current research situation at the same time put forward in this paper's methodology, research content. Chapter II system reviewed in the assessment of the enterprise value of the three most mainstream value assessment method, the DCF Model System Construction and parameter settings. Chapter III respectively in a growth stage and mature stage and the stage of decline of listed companies conducted empirical analysis, the company discussed the use of free cash flow valuation discount model the feasibility. Chapter IV integrated front of Empirical Analysis of proposed enhancement of corporate value of the policy proposals on the sustainable development of enterprises is an important guiding significance.The innovation of this paper is full of all kinds of mainstream valuation method, followed by cash flow discount on the basis of the basic theory, construction of a more appropriate DCF valuation model and for the first time applied to a different life cycle of listed companies on the assessment value.