Study Of The Enterprise Value Evaluation Of TJ Electric

With the continuous reform and development of China's electricity market,there are more and more M&A incidents in the power market.In order to be a fast developing power design company,TJ company is also facing the opportunity of merger and acquisition based on the changes of internal and external environment.Under this background,it is an important issue for TJ company and investors to do a good job in evaluating the value of TJ company,accurately reflect the real value of the company and maximize the value for shareholders.This paper takes the case of purchasing TJ Electric Power Design Company as the research object.Firstly,starting with the theory and method of enterprise value evaluation,this paper expounds the relevant concepts,tools and methods in enterprise value evaluation;secondly,it analyses and studies the equity value of TJ Electric Power Design Company with the help of the discounted free cash flow model of the company,and analyses the macro environment,industry environment,business operation status and financial statements of TJ Electric Power Design Company.And get the result of equity valuation of TJ Electric Power Design Company.It is very important for TJ company and investors to discuss the valuation of company's equity,which is a key issue in the negotiation of merger and acquisition between the two sides.This paper analyses the M&A process of small and medium-sized enterprises in the power market,which has a certain reference significance for similar M&A in the industry.