Based On The Enterprise Value And EVA During Future Investment

China's economy is constantly and the international community, the capital market is also gradually open, an enterprise future development capability and whether it has the investment value more and more attention by people, especially in the card is the market can accurate assessment of the value of an enterprise, for investors is becoming more and more important.Since the special company schouten think EVA (EVA) concept is introduced in China, got a lot of domestic scholars attention and research in practice, though EVA no widely applied, but as China's economic environment, market environment, syndrome is environment, especially the great changes in 2007 YangQi sasac would have started to encourage implementation of performance evaluation, hope to change EVA state-owned enterprise blind pursue scale expansion in the problem, let the state-owned enterprise tried using the methods to measure EVA of enterprise value, so as of performance appraisal standards.This article mainly aims at EVA enterprise value appraisal methods in the application of domestic enterprises, the article systematically introduced the enterprise value appraisal method EVA and its applications. This paper is divided into four parts, the first part of this quotation, mainly introduced the research background, significance and present situation of domestic and foreign scholars, through research, the theory and model enterprise value for this increasingly mature, the research provides theory basis and model architecture; The second part is the enterprise value and enterprise value evaluation method and evaluation, this paper introduces several popular right now of enterprise value evaluation model, the advantages and disadvantages of these evaluation model analysis, value evaluation model for introducing EVA provide premise; The third part is the EVA conceptual framework and value evaluation theory, this part introduces the development course, EVA concept, introduces the application of the proposed method, and EVA with traditional accounting, analyzes the different with the traditional accounting different project adjustment, and introduces EVA reasons value evaluation theory and evaluation; The fourth part for EVA value evaluation model by empirical study, the application of specific analysis of the calculation process and steps, use the calculation results, and EVA into enterprise value model, calculated accurate assessment of the results, meanwhile, analysis of enterprise's investment effect of the future is to EVA, these indexes of correlation analysis, it is concluded that the biggest impact factors of actual data, compared with forecast data, it is concluded that the predicted results compare accurate conclusions. Finally the conclusion and inadequate, any kind of models and methods are not everything, all may not apply to all cases, so need different situations treated differently to select a suitable model, meanwhile study also some problems: firstly, the enterprise internal and external environment of the environment is put in very big uncertainty, the accuracy of the data source unanswered; Secondly, the formula of the cost of capital and equity in determination of future growth is bad EVA, each year deal with EVA value also exist difficulties compared each aspect, due to the influence of the environment, EVA value and is not very stable development, especially when EVA value is negative is more bad treatment; Again, the capital asset pricing model to determine the beta value is bad, the accuracy in strong effective capital market have questionable, besides China's capital markets has been recognized as weak efficient markets. These questions are needed to do further research.The main researching progress:(1) to gem companies are analyzed, the enterprise value through financial statements, specific and detailed analysis of the value of the gem companies to the investment given some gem suggestion.(2) general enterprise forecast period is 3 to 5 years, this paper attempts to use the existing EVA value and enterprise value to townify enterprise in existing investment scale, the future wealth creators years.