Study On The Evaluation Of Shandong Luxi Chemical Corporation, Ltd.

Since the theories of enterprise valuation have been created, valuation has been widely used in investment portfolio management, merger analyzes and corporate financial management. It's necessary for the investors, proprietors and managers to understand the enterprise value, value drivers, and the means to improve enterprise value accurately. Although the methods of valuation varied, the purposes of valuation are not more than three as follows. One of the major decision-making enterprises to provide information and transactions, for strategic analysis; Second is to improve the value of enterprises to provide analytical tools for measuring the performance of the operators provide the basis, that is used in value-based management; Third, enterprises stakeholders, policy-making reference that is applied to investment analysis.In this thesis, the launch of Luxi Chemical evaluation study is based on the above three purposes. First, this thesis carries on the review of the valuation theories, from the business enterprise, value drivers, the valuation theories and the stock list price of influence launch the treatise, lay the foundation for the choice that the empress thesis evaluates the method and index. This thesis focus on the use of quantitative methods to determine the value of enterprises, adopted the method of the qualitative analysis at the same time, carry on the qualitative analysis and judgments towards affecting some key factors of the business enterprise value. Qualitative analysis stage Luxi Chemical operating from the external environment and internal conditions of, industry analysis, financial analysis, compared with the industry means of the operational status and development prospects to make a judgment. Quantitative analysis phase, the discussion focused on DCF model building, and some of the key parameters of, ensure that the model of objectivity and accuracy. Meanwhile the Relative Valuation is used to Luxi Chemical Act for a further assessment, as DCF results of this assessment added.