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Research On The Value Evaluation Of Homa Electric Company Based On EVA

Posted on:2020-04-02Degree:MasterType:Thesis
Country:ChinaCandidate:Y Y LiuFull Text:PDF
GTID:2439330572983564Subject:Accounting
Abstract/Summary:PDF Full Text Request
As China's socialist market economy continues to develop and improve,the economic behavior between enterprises becomes more and more normal,so enterprises must be more in line with the actual situation of enterprises when conducting value assessment.In both theoretical and practical operations,attention must be paid to seeking more scientific and rational value assessment methods.China is a manufacturing-oriented country.As an important part of the manufacturing industry,the home appliance industry occupies an important position in the manufacturing industry.For home appliance companies,whether it is to meet the needs of mergers and acquisitions and restructuring,or to improve The efficiency of the use of funds and the ability to enhance the value creation of enterprises must seek a reasonable and accurate method for enterprise value assessment.In recent years,the most widely used method compared to many traditional value assessment methods is the economic value added(EVA)value assessment method included in the income approach.This paper takes Homa Electric Company as the research object,and uses the combination of theoretical analysis and empirical analysis to conduct an in-depth study on the application of economic value added(EVA)in the valuation of Homa Electric Company.Through the basic theoretical analysis of economic value added(EVA),deepen the understanding and mastery of the theoretical level;through the case analysis of Homa Electric Company,deepen the understanding of the theoretical application level of economic value added(EVA).This paper first introduces the background and significance of the topic,summarizes the research status at home and abroad,and expounds the related concepts of enterprise value assessment and the advantages and disadvantages of traditional value assessment methods,which leads to the new value evaluation method of EVA.Taking Homa Electric Company as an example,the case study method is selected as the main research method.By analyzing the operation of Homa Electric Company,it is proved that it is feasible and necessary to use EVA to evaluate the company's enterprise value,and then calculate Homa Electric Company.Based on the historical EVA value,and based on the prediction of EVA data in the next five years,the EVA two-stage model is selected to evaluate the value of the company.Finally,according to the Homa Electric Company's enterprise value assessment results,the EVA method should be available.The safeguards will not only help investors to clarify their investment objectives,but also enable them to better understand the company's operations and adjust management strategies to enhance the value of the company.
Keywords/Search Tags:Enterprise Value Assessment, Economic Value Added, Net operating profit after tax
PDF Full Text Request
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