Study Of Company A Equity Financing Valuation Model

The start-up period of high-tech Internet companies,is a hot field of current venture capital.However,due to the unique characteristics of the scientific and technological enterprises and Internet companies,coupled with the stage of start-up companies,resulting the selection of valuation methods in the process of financing is limited.The main purpose of this study is to,by combining with the actual case,enrich the theory and method of the value evaluation of the high-tech Internet companies,and provide a reference method for evaluation of enterprise value for A company,help A company to obtain reasonable and fair pricing in the process of financing,change from passive to active,enhance the scientific and accuracy of company value evaluation.This paper adopts the method of combining theory with practice.After full of literature review,comparative analysis of the value evaluation methods commonly used,and take the initiative to communicate effectively with A company leading official.A company as a case study on background,with the method of quantitative analysis and qualitative analysis,select the EVA correction method for the valuation of A company,the results of the valuation is 74 million 879 thousand and 200 yuan.Research findings:Due to the characteristics of scientific and technological enterprises and Internet companies,the application of the market approach and the cost method is limited,although the physical option model is more suitable for high-tech enterprises,but it is difficult to evaluate the newly established science and technology enterprises that have not obtained the patent and trademark rights.Therefore,the combination of quantitative analysis and qualitative analysis is an effective alternative,which avoid the distortion caused by the lack of financial data of the start-up companies,but also to avoid the subjective judgment in qualitative analysis.