The Valuation Problem On Issuing Shares To Buy Assets Of Y Company

Under the background of the national economic structure transformation,the optimization and upgrading of the industrial structure and the elimination of the excess capacity,we need to use the market-oriented means to reform the market economy company,accelerate the survival of the fittest,realize the market quality optimization.The nature of major asset reorganization between enterprises is the "sale of assets" transactions,so no matter what way of trading assets,pricing issues are the core essence.It contains the pricing process,pricing rationality,the interests of both parties to the transaction and other issues,are directly determine whether the entire transaction can be successful.Therefore,it is of great significance to study the issue of asset pricing in the reorganization of assets to buy shares,it can promoting the successful completion of the reorganization of the project transaction,safeguarding the interests of both parties to the transaction,improving the efficiency of the capital market and promoting the upgrading of industrial structure.Based on the above point of view,this paper is divided into five parts to solve the problem of asset pricing of significant assets reorganization of Y listed companies.First of all,through the collection of domestic and foreign literature,to extract the academic research on asset pricing issues and methods for the study of the article laid the theoretical basis.And then definite the major asset restructuring,major asset restructuring in the issue of shares to buy assets,introduced the current mainstream asset pricing methods.In the third chapter,the author discusses the issue that the pricing of the assets of Y company,and then uses the two methods of the income method and the cost method to price the assets,explain the result difference and reasonable,select the final asset pricing results.In the fourth chapter,based on the results,we design the pricing project of Y company major asset reorganization,part one is issue of the shares purchase assets and part two is raising matching funds.We arrange the payment ratio,profit commitment,delivery time and other aspects.The fifth chapter elaborates the problems and the countermeasures that may be encountered in the implementation of the project and prospects the future research direction of the article.The innovation of this paper is to combine the process of enterprise valuation with the new energy automobile industry.To study how to determine the pricing of enterprise assets in specific industries and design project.It will provide a good reference case to analyze the valuation premium,index analysis,discount rate selection and other aspects of major assets reorganization transactions of listed companies in the same industry,but also on the major assets of listed companies reorganization of valuation methods have a good reference.