Valuation Of Semiconductor Listed Companies Based On EVA Model

With the global semiconductor industry entering a new period of rapid development,the domestic semiconductor industry has also entered a golden cycle of economic development.During this period,China's semiconductor companies increased their intrinsic value through financing,industrial mergers and acquisitions,and seeking venture capital;at the same time,market investors paid more attention to the company's intrinsic value in seeking good investment targets.Therefore,evaluating the value of semiconductor listed companies has become a common concern of market investors and corporate management.Compared to the traditional method of business valuation,economic value added EVA method can be more real scientific enterprise value calculation.So this paper tries to apply the emerging EVA valuation model to the evaluation of semiconductor companies.When EVA enterprise value evaluation model is used to estimate the value of an enterprise,it is divided into five steps: The first step is to analyze the operation of the enterprise in conjunction with the company's publicly disclosed financial data;the second step is to reasonably predict the future operating conditions of the enterprise.Related Financials;Step 3,Calculate Enterprise's EVA Based on Forecasted Financial Data;Step 4: Calculate Enterprise Value Using Two-Stage Growth EVA Assessment Model;Step 5: Introduce Market Correction Parameters to Optimize EVA Two-Stage Evaluation Model The establishment of an EVA optimization model makes the valuation of companies more consistent with their actual conditions.This article selected a representative company in the semiconductor industry-Changjiang Electronics as a research object to conduct case studies.Mainly based on the EVA model to evaluate the company's value of Changjiang Electronics,calculate the company's intrinsic price,and analyze and compare with the stock market price at that time to determine whether the company has investment value.At the same time,it gives advice to investors and company managers respectively.The conclusions of the study and pointed out the deficiencies of the study.