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Modified EVA Model In The Household Appliance Industry In The Valuation Of The Issue Of Study

Posted on:2018-02-26Degree:MasterType:Thesis
Country:ChinaCandidate:G WangFull Text:PDF
GTID:2359330533455621Subject:accounting
Abstract/Summary:PDF Full Text Request
In a booming capital market,companies are often faced with a variety of capital changes involving the financing business.For companies,how to evaluate the value of are reasonable and accurate,how to assess the value of the future based on the present and can be expected in the future,is placed in front of every enterprise urgent problem.The valuation of a variety of methods,through calculation and evaluation for enterprise EVA can better grasp the value of the company,especially through the financial perspective,for enterprise valuation will be more stable and accurate,has great practical guiding significance for all kinds of capital business enterprises.All kinds of industrial capital at the same time for business cooperation and for enterprises,institutions or individual investors using publicly available financial data combined with EVA analysis of the actual value of the business,is a kind of efficient and accurate scientific model.With the development of economy,the traditional valuation methods because of the variety of their own shortcomings,often ignore the opportunity cost,adhere to short-term profits,the lack of scientific data to predict the future,gradually cannot meet the needs of enterprises to make scientific and accurate assessment of the value of the.The EVA valuation model overcomes the shortcomings of the traditional model,and has more value orientation.It provides a new perspective for the value evaluation,especially for the small and medium-sized enterprises.In recent years,the home appliance industry has become a pillar industry in the national economy close to the livelihood of the people.LB company is a private home appliance enterprises in Zhejiang Province,is a leader in the field of kitchen electric appliances in the field of company is also the typical enterprise performance is growing rapidly in recent years,the research of LB company that the valuation of household electrical appliance enterprises,can for the home appliance industry of small and medium-sized enterprises,especially private enterprises to increase in the fixed financing business is reasonable grasp and understand the actual value of the company to provide reference and reference significance.This article first from the theoretical point of view of the household electrical appliance enterprises in the objective environment,in view of the problems of the valuation of the household electrical appliance enterprises,made a theoretical basis.This paper summarizes the current situation of the home appliance industry,analyzes the characteristics of the home appliance industry,points out the existing problems in the household electrical appliance industry and the difficulties in the valuation.Thirdly,this paper expounds and evaluates some traditional methods of valuation of the company,and analyzes their respective characteristics and the applicability of the valuation in the appliance industry.After that,the paper introduces the EVA model to calculate the value of the home appliance industry in terms of the valuation and the existing problems.The advantages of the EVA method in comparison with several traditional valuation models and their applicability to the home appliance industry are described.In the traditional EVA valuation model was introduced under the condition of the single financial index of the traditional simple EVA model,to predict the future EVA lack of scientific and objective quantitative criteria for these problems,gives a modified scheme of EVA model,the accounting index adjustment and introduces the grey prediction model is carried out the scientific and objective EVA future prediction.In this paper,the case analysis part of LB company,combined with the characteristics of the case company,the introduction of the revised EVA model for the calculation and verification.Finally,the paper analyzes the effectiveness of the prediction results and the limitations and deficiencies of the EVA modified valuation model.The three conclusions of the paper are obtained,and some suggestions are given for the application and popularization of EVA valuation method in the field of home appliance.
Keywords/Search Tags:EVA, valuation, household electrical company, gray model
PDF Full Text Request
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