Zinc Industry Co., LTD Evaluation Method Of EVA

Value assessment on the listed companies is an important issue for the security industry. And the traditional fiscal indexes including the net profit, EPS and ROE were used to assess the investment value of the listed companies for a long time. With the development of the domestic stock market, the opinion which insists that the target for companies is to maximize the shareholders' fortune has been broadly accepted. According to this opinion, the indexes for value assessment should inflect the added value created for the shareholders. The EVA theory emerged as the time required. The advantages of EVA could be realized in the value assessment and incentive mechanism establishment. The paper would focus on the EVA model applied in value assessment.The paper would adopt the method that combines theoretic analysis and demonstration analysis to make a deep research on the value assessment on the listed companies based on the EVA assessment model. First of all, it introduces the improvement in the EVA research field, the general situation of the listed company "Zinc Industry", and the importance of the value assessment on the listed companies; after that, the conventional methods for value assessment on listed companies should be introduced, then, it would carry out a comparison between the conventional methods and the EVA model, through which the advantages and applicability of the EVA model could be concluded, at last, the paper would carry out a value assessment on the "Zinc Industry" based on the EVA model and make an analysis on the result.