Mergers And Acquisitions In The Target Company's Pricing Analysis

In capital market pricing for the target is always concerning, so in the following paragraph we focus on how to pricing for the target during M&A.The article' s slant is that value determines price. Here listed some of the conceptions that can show article' s slant: account value, market value, legalized market value, liquidation value, stand managing value, internal value, rights value, the article also descried and distinguished them. The article also analyzed with some conceptions they are company' s value, price, supply and demand relation, managing action, managing condition and social evaluation. In conclusion, company' s core valuation is company' s potential pullulation or expectation for future profit. Based on argumentation for company value, the article brings forward a math model.The article identify with corporate value is a whole concept. We can differentiate corporate value with those key factors can affect their value. The article based on industry investigation, corporate basic circs, immateriality capital, new added produce ability, construction in progress to describe how to analyzed corporate value. The article base on industry, finance, future blooming creates a way to filter target during M&A.After expatiating how to use corporate value to choose a target, here we also explain and differentiate with cost theory, earning theory, market theory and option theory. At same time some cases are enumerated to explain these theories.It' s a very complex process to analyze and evaluate corporate value, to choose different means will conclude different results. In Occident the corporate value theory is more mature because of the capital market there is more advanced and info is more exoteric. In China, falsehood info conduce any fixed quantity way' s limitation. To our capital market, with the market' s developing and perfecting, those means to evaluate corporate value will be more and more useful and the result will step by step accurate.At present to get a little more accurate target' s value should to integrate some different means to different corporate, then the result of the target value can be more accurate. In conclusion, the article brings forward some reasonableadvices for processing that make purchase price.