Research On Value Evaluation Of Medical Device Enterprises

With the continuous improvement of modern people's living standards,people pay more attention to health and put forward higher standards for health.Medical check-up packages and health products emerge in endlessly in major hospitals.Accordingly,the medical device industry has also been greatly promoted and developed rapidly.In recent years,the medical device industry has attracted extensive attention and the state's strong support policy for the medical device industry.Especially after the "two-vote system" reform was proposed in 2016,more and more investors tend to invest in medical device companies.The most important and most concerned issue for investors is to determine the intrinsic value of the target company.Therefore,it is an important task to select the enterprise value evaluation method suitable for medical device enterprises by deeply tapping the development potential of the medical device industry in China and predicting the future trend of the industry.In-depth and specific case studies are conducted on the valuation of Medical Devices.to provide theoretical reference for similar evaluation practices in the medical device industry.Based on the relevant theory of enterprise value assessment,this paper analyzes the advantages and disadvantages of market law,the advantages and disadvantages of cost method,the advantages and disadvantages of income method,the scope of application of cost method,the scope of application of market law and the scope of application of income law.The macroeconomic environment of the medical device industry,the internal financial status of Sinopharm Group Shanxi Medical Devices.based on the positioning of the future development direction,the main parameters required for the evaluation of medical device companies were predicted.In the case study section,it is assumed that in the case of the continuous operation of Sinopharm Group Shanxi Medical Devices,through four consecutive years of research and analysis of the company's internal financial data for 2014-2017,according to the development characteristics of the enterprise and the development law of the industry,adopt the enterprise.The free cash flow discount model evaluates the corporate value of Shanxi Medical Devices.Finally,based on the rationality analysis of the evaluation results,the sensitivity analysis of the evaluation results is carried out,and the results obtained by using the proprietary cash flow discount model are used in the sensitivity analysis interval to verify the rationality of the model evaluation results.accuracy.At the same time,when discussing the value evaluation of medical device enterprises in depth,how to better choose the evaluation methods and parameters,and give reference opinions for the value evaluation of similar medical device companies.