Study Of The Valuation Of Shipping Company A

As the world economy important basic industries and services, the shipping industry is an important guarantee to achieve international trade, and plays an irreplaceable role in promoting world economic development and social progress of mankind. After the economic crisis in 2008,the global economic has been in recession, the overall trend of the world economy will be in the post-crisis era fluctuations, be in the volatility of the economic environment, cyclical industry will also be with macroeconomic fluctuations and volatility. This paper aims to study the cyclical industry valuation, and through the innovation of the traditional valuation methods of the valuation of A public list company, and finally obtained for valuation method for cyclical industry.Enterprise Value used traditional evaluation itself, assumptions and basic theory in assessing the cyclical companies will have many problems, it is necessary to consider cyclical industry characteristics on the basis of traditional assessment methods to adjust and improve, in order to reasonably predict business periodic fluctuations, the demarcation point, an accurate assessment of public list company's value, which is of great significance to the decision-making and other investors and managers, for the development of the national economy and cyclical industry is also important. The shipping industry is an important foundation of our national economy, is a typical cyclical industry, is also a capital-intensive, volatile, high-risk industry. Accurate assessment of the value of public list shipping companies for investors to make the right investment decisions, financing activities and the shipping industry to grasp business information users in terms of information is very important.By combing the literature, analyzed three current valuation method of business valuation preclude the use of the main areas of research, combined with the characteristics of shipping companies periodically analyzes the applicability of the three valuation methods when shipping enterprise valuation and propose binding cash flow method and option valuation method for its valuation. Meantime, using the relative valuation to get the value of A public list shipping company, and then let the two results compared to get the conclusion that binding cash flow method and option valuation method for valuation is more reasonable,.