The Gt Group Under The High-tech Enterprise Value Evaluation

In recent years, with high-tech enterprises contribute to economic growth increase the proportion of each year, the importance of high-tech enterprises has been widely recognized. However, due to the presence of high-tech enterprise risk investment projects, the development of high-tech enterprises is not as smooth as one might imagine. In this way, how to assess the value of high-tech enterprises to measure high-tech enterprises have become an important strength of a reference indicator. However, due to high-tech enterprise development at different times of uncertainty, so its value has always been a problem. This paper discusses the GT high-tech enterprises under the group ofcharacteristics, at different times to establish a rational evaluation of the value of different financial indicators model system to address the GT high-tech enterprise group on the value of different times of the problem difficult to evaluate. This article has mainly taken the enterprise life-cycle analysis; stock options theory; data model; EVA study analysis. The main conclusions are as follows:First, the high-tech enterprises have with the traditional value of the different characteristics of enterprises, it is essential to the traditional methods of business to make some assessment of the amendment and added that better reflects the fair value of such enterprises.Second, cash flow and option pricing method is described and got the above methods in assessing the value of high-tech enterprises, the value does not take into account the value of the potential profit opportunities in general are not suitable for assessing the separate high-tech enterprise value.Third, the value of high-tech enterprises to choose assessment method, based on different stages of development and evaluation of different methods of assessment that the cash flow method and option to assess a combination of ideas.Fourth, the use of real options way of thinking in favor of the managers of high-tech enterprises in the face of future uncertainties and make flexible hours, flexible investment decisions.