The Application Of Income Method In The Valuation Of Robot Enterprises

With the development of the enterprise value assessment theory and practice in our country, enterprise value assessment for enterprise restructuring, mergers and acquisitions, listing, etc to provide reasonable value scale, at the same time also is the important tool of value management and value investment. With the continuous development of China's capital market, to maximize the interests of the investors, the value of the investment and management ideas and methods, such as highly regarded gradually, enterprise value assessment methods are widely concerned. For the development prospects of listed companies and the value of the company, no longer is an important topic of the stock market, investors invest more gradually become size only.As industrial 4.0 and "made in China 2020", push the robot industry to the development of the climax of the robot belongs to important area in the transformation of China's manufacturing industry, has important effects on the economic development of China. How to make robots value evaluation of listed companies, the market development of robot industry in our country and effective investment has an important influence; Based on the income method for robots enterprise value evaluation, not only in theory for the industry as reference parameters value evaluation, more conducive to enterprise investors understand the robot, can provide investors with investment reference, to make more rational scientific investment, reduce the investment risk.Based on the theory of enterprise value assessment, and through the robot industry, comparative analysis of the case company as well as several evaluation methods to find a suitable for robot listed company value evaluation method, income method of free cash flow discount model. According to the free cash flow discount when evaluating two-phase model, this paper illustrates the discount cash flow model of parameter selection and assessment process, calculate the robot for enterprise value assessment, especially the listed company value evaluation to provide the reference.This paper is divided into six parts, the first part is the introduction, introduced the selected topic background, research methods and significance. The second partthrough to the enterprise value evaluation method of choice. The third part is the industry analysis and research, the fourth part mainly analyzes the development of the company situation, find out the future income growth and risk. According to the development strategy and risk to evaluate enterprise value. The last part of the assessment results are explained, to summarize this article.The conclusion of this article is mainly has the following two points, one is the free cash flow discount method is adopted for robots are scientific assess the value of listed companies. Based on the p/e valuation model to validate its rationality. Second,investment advice is: when the stock price much higher than the 38.72 yuan, the proposed sell-off; when the stock price is below 38.72 yuan, the proposed purchase.