Study On The Method Of Value Evaluation Of Small And Medium - Sized Construction Enterprises

Building industry is the pillar industries of the national economy,small and medium-sizedconstruction enterprises accounted for half of the whole building industry. The evaluation whichis serve for changing of property right becomes significant since mergers and acquisitions,restructuring of small and medium-sized construction enterprises is active.Considering buildingindustry has its own features on value formation, the value formation is different between largeand small and medium-sized construction enterprises,It is significant to improve small andmedium-sized construction enterprises evaluation by finding appropriate method.The research focus on own features of small and medium-sized constructionenterprises.Firstly,the value features of small and medium-sized construction enterprises isanalyzed,the value driven factors is summed up.Evaluation methods is chosen by enterprisevalue formation features.It analysis residual income method not only have reliabilitylike cost method but also conform to the value creation process and features of small andmedium-sized construction enterprises.Then ZhenBang Company is chosen as typical of smalland medium-sized construction enterprises,cost method, market method and income method isused to evaluate its value,the results are compared and get the conclusion that the residualincome method is a more suitable evaluation methods of small and medium-sized constructionenterprises value.The research suggest:cost method, market method and discounted cash flow has its own scopeof application and limitation in the evaluation of the small and constructionenterprises value,residual income method is also subject to certain conditions but its principle ismore coincide to the value creation process of small and medium-sized constructionenterprises.In the process of evaluation,the situation of value driving factors can be seen,It ishelpful to improve the level of quality of evaluation,but also conducive to the management of theenterprise.