Research On Valuation Of The New OTC Market Company

With the rapid development of economy,the stock market is also undergoing constant reform.In the construction and improvement of multi-level capital market,the new board is also constantly accelerating its expansion."Five Year Plan" of the national economy and social development thirteenth will improve the financial and capital market development tasks into the agenda,at the same time,the plan also strive to promote capital market development in a healthy environment,to improve the monetary policy.Not only to deepen and improve the financial system,but also put forward to improve the efficiency of the service of financial entities,and give strong support for economic restructuring.After 2013,the new board changed before only hosted on the Shenzhen stock exchange status,but the birth of a truly belongs to our own platform-"China NASDAQ",and the Shenzhen stock exchange,Shanghai stock exchange,it has the same status and function,so its management and supervision also has a higher standard.In this new economic situation,the new three business valuation and valuation of the traditional industry has undergone new changes,it needs to give some attention and research,in order to adapt to the new situation of economic development and change.In this paper,the current situation of the research on the valuation of enterprises is described in detail.Secondly,explains the concept and characteristics of the new three business at the same time,the valuation of the traditional methods of analyzing and combing the advantages and disadvantages of each evaluation brief valuation method,comparison of the selection of real option method in the new three business valuation method based on.In this paper,three new board listed companies "XC securities" as the main case study,on the basis of theoretical analysis,the use of real options valuation method for the actual demonstration and analysis.The operation will use the model of the actual calculated results and the comparative analysis shows that the real option valuation method can better reflect the actual value of the new three business,estimated the actual value of the enterprise,also have to develop the strategy of the enterprise,can better guide the enterprise investment and management.