Auto Companies Valuation

With the closing of the WTO protecting, under this condition, the asset allocation and restructuring will happen more and more in china automobile enterprise. Moreover, it will be special significance to the large investor through valuating the automobile enterprise when based on the company financial statement of the automobile enterprise in stock market.This paper is composed of four parts. The first fart introduces the correlative theories of business valuation. The second part surveys the meanings, characteristics and lifecycles of the automobile enterprise, analyzes the specialty of the automobile enterprise valuation in comparison with ordinary companies valuation, and discusses the approaches and the factors of high-tech companies valuation. Based on the introduction and the criticism of the traditional valuation approaches, the third part discusses to set up our country's system of approaches and how to choose approaches to valuate the automobile enterprise on different phases. The forth part fulfils the new idea in the valuation of dongfeng Co. Company.In this paper, in accordance with the automobile enterprise's reality thing, I firstly put forward to the valuation model of china automobile enterprise. This is the discovery of this paper, and it has the highly valuation in reality now. why? Firstly, it draw the conclusion after analyzed the conditions of the foreign and the national automobile enterprise. So the conclusion is in accordance with the automobile enterprise's reality thing, it can use directly in real, it rapidly improved the efficiency of the automobile enterprise valuation and has highly trust. Secondly, it will be effect on the advancement of the national company valuation activity. It improved and perfected the national company valuation theory. Lastly the the asset allocation and restructuring will happen more and more because of the usage of the new theory.