Taking The Seven-dimensional Aerial Survey As An Example, The Research On The Valuation Method Of The New Three-board Enterprise

National Equities Exchange and Quotations,namely the NEEQ market,is positioned as a stock exchange for high-net-worth individuals and institutional investors as the main participants for the provision of transactions,mergers and acquisitions,financing,and issuance of bonds for small and medium-sized enterprises.Listed companies have the characteristics of strong technological properties and outstanding innovation.With the improvement of the relevant systems of the NEEQ market,the development of this market has entered a new normal,and the demand for the valuation of NEEQ companies has also increased accordingly.This aspect facilitates the review and management of the proposed companies;the other is the listed companies.In order to attract more investors,realize equity circulation.Therefore,through the comparative analysis of multiple assessment methods,we seek to find a reasonable way to reflect the valuation of the NEEQ companies.From the analysis of the development history,status quo and corporate characteristics of the NEEQ market,most of the NEEQ listed companies are in high-risk growth period;some high-tech companies have core patents,intangible assets account for a relatively large proportion;companies have short operating periods,historical data less;most companies are in the start-up phase without the characteristics of profit,which poses a challenge to how to choose the right evaluation method and correctly evaluate the value of the NEEQ companies.Through the analysis of the applicability of multiple assessment methods,it is found that the future uncertainty of the NEEQ companies is relatively large,there are fewer similar comparable companies,the relative valuation method is not applicable to the value evaluation of this type of company,and the cash flow discount method the economic value added method,option pricing method can be applied to the valuation of this type of company,and from a theoretical point of view,there are no advantages or disadvantages in the various assessment methods,which is a method to seek a reasonable reflection of the valuation of the NEEQ companies.Taking a representative seven-dimensional aerial survey as an example,a variety of assessment methods are used to value the case companies,and it is concluded that the results of evaluation using the option pricing method are close to the market value of the enterprise and are conducive to the proposed NEEQ companies to be listed.Valuation of market value;the intrinsic value obtained by the economic value added method is higher than the market value,which is conducive for investors to grasp the intrinsic value of the NEEQ companies and make more favorable investment decisions;the free cash flow discount method is used to evaluate the value of the NEEQ companies.The application of the model is limited,and the application of the model needs to be adjusted appropriately in accordance with the specific circumstances of the company's development.Therefore,in the selection of the value evaluation method for the NEEQ Company,different assessment methods should be selected for different evaluation purposes and enterprise characteristics,each of which has its own different adaptation conditions.