The Case Study On Valuation Of Guoxian Photoelectric Company Takeovered By Black Cattle Food

With the in-depth development of China's capital market,mergers and acquisitions of listed companies are becoming more active.In merger and acquisition reorganization,it is very important to evaluate the target enterprise.It determines whether a merger and acquisition can be successfully completed and whether the M&A benefits can be successfully realized.The valuation of target firms will be affected bya variety of factors,For example,M&A motivation,market environment,enterprise performance,etc.Black Cattle Food Mergers and Acquisitions Guoxian Photoelectricity not only shows the multi-stakeholder interest fighting process,but also has many M&A valuations worthy of reference and summary by the industry.Black Cattle Food and Guoxian Photoelectricity,When M&A occurs,both sides are enterprises with serious losses.This makes M&A and its valuation more difficult.From macro to micro,from industry to enterprise,this paper first describes the macro of M&A,industry background and the company's industrial development and management status.Secondly,it introduces the whole process of Black Cattle Food merger and acquisition of Guoxian Photoelectricity.Finally,it focuses on the valuation of this merger and acquisition,including the selection of valuation methods & basis,etc.On the basis of the case description,this paper discusses the motivation,industrial environment and merger and acquisition activities of the black cattle food merger and acquisition of Guoxian Photoelectricity.The study found that both parties in the merger and acquisition are in a serious loss.The valuation of Guoxian hotoelectricity is mainly due to its mastery of AMOLED core patent technology,which has a strong research and development potential.AMOLED is the current market development trend and has huge market prospects.Moreover,this kind of technology is also encouraged by the policy of “13 five” National development plan for strategic emerging industries,which can enjoy national tax policies and funds.It can be seen that the valuation of M&A is a systematic project,which is not only affected by the method selection itself,but also affected by various factors such as M&A motivation,industrial environment and national policies.This paper believes that the development of the company should not only conform to the market development,but also to the national industrial policy and the direction of national strategic development.Then the company can grow rapidly.The M&A valuation of Guoxian Photoelectricity is also based on this consideration.This paper provides a reference for the selection of valuation methods and the measurement of influencing factors in M&A reorganization in the process of enterprise transformation and upgrading,And also provides a reference for the improvement of mergers and acquisitions and its valuation supervision.