The Application Research Of Y Bank Value Evaluation Based On The Free Cash Flow

The financial industry occupies an important position in the economic development of our country,and the banking industry as the main part of the financial industry,with the development of China's national conditions in recent years,the emergence of some banking financial institutions,making the industry increasingly fierce competition.Promote enterprises to seek development,began listing,mergers and acquisitions and other economic activities.So,banks can successfully complete the listing and other major economic activities,it is necessary to accurately assess the value of the enterprise itself.For the reform of urban commercial banks,we should adhere to the function orientation of local service,carry out strategic and business mode transformation,strengthen standardized management of bank equity and improve corporate governance.According to the development needs of the Y bank,the bank has made the important decision to make the bank go public.This article is based on its listing as the background of the enterprise value evaluation.This article is divided into seven parts: the first part is the introduction part.This paper mainly expounds the research background and significance of this study.The second is the description of the theoretical basis of enterprise value evaluation.In this paper,three kinds of valuation methods,cost method,market method and income method are enumerated,and each method is simply discussed.Thirdly,it is the analysis of the general situation and environment of Y bank.This paper summarizes the basic situation and future development strategy of Y bank,and analyzes the environment of Y bank based on SWOT analysis and financial analysis.Fourth,the feasibility analysis of free cash flow in Y bank valuation is carried out.Combined with the industry character of commercial banks,the two stage discount free equity cash flow model is selected to evaluate Y bank's business value.Fifth,based on the free cash flow of equity,we make specific calculation for the value evaluation of Y bank,and combine theory with practice,and estimate and analyze the actual situation of Y bank's financial data.Sixth,according to the results of the estimate,we put forward an effective way to improve the value of Y banks.The last part is the conclusion.The main conclusions are summarized in this paper.Through the actual case analysis,this paper makes an evaluation of the enterprise value of Y bank,and the analysis of the evaluation results shows that the enterprise value of Y bank is undervalued,and this evaluation results provide certain reference basis for the listing of Y bank.