The Choice And Application Research Of Valuation Method Of H Company's Value Of Stock Right

China's capital market is constantly developing under the impetus of economic globalization,at the same time mergers and acquisitions among enterprises,capital expansion and divestiture are increasingly frequent.Enterprises in the period of growth or expansion have an urgent need for capital,and if they do not have the necessary financial support,they are likely to miss out on development opportunities.As a kind of commodity,the market of equity transaction has a strong demand for equity value evaluation.Whether the evaluation is accurate or not is related to the good operation of the trading market and the success or not of enterprise equity financing.This paper takes equity valuation as the research object and takes H Company listed on the gem as a case to discuss the selection and application of equity valuation method.Case study,qualitative and quantitative analysis and comparison are adopted in this paper.On the basis of consulting a large number of documents,this article expounds the relevant theories.In this paper,various methods of equity valuation are deeply explored,and the factors influencing the selection of equity valuation methods are discussed.At the same time,the advantages and disadvantages and applicable conditions of each basic method and model are expounded.Combined with the actual situation of H Company,three specific methods of equity value evaluation were selected finally.In this paper,equity free cash flow method,indirect economic value added method and B-S model have been used to evaluate H Company's equity value and future financial indicators and specific parameters are projected and confirmed in the process of evaluation.Finally,the results of the three methods are compared and analyzed,and we can think that the evaluation results are reasonable in general.The differences among the three results are due to the imperfections in the capital structure of the enterprise and other reasons.From the analysis of the evaluation process and results,we also get some enlightenment on the optimization of equity valuation and optimized strategy about financial and business and other aspects of enlightenment.