| In recent years,with the continuous investment in the capital market of pension funds,the pressure of aging of population has been alleviated to some extent.Pensions enter to capital markets bring people's attention to the security and stability of capital market funds.Therefore,the accurate evaluation of the company's intrinsic value is not only conducive to the formulation of more perfect management methods for managers,but also for investors to make a correct decision,which is making an important role.This paper uses the free cash flow method to evaluate Zhonghuan Co.Ltd enrerprise value,and provides reasonable suggestions for managers and investors according to the problems found in the evaluation process and the evaluation results.This paper is divided into six parts.The first part is the introduction.It introduces the research significance and background of the value evaluation of Zhonghuan Co.Ltd,the research status of the value evaluation theory at home and abroad,as well as the research contents and methods.The second part elaborates the theoretical basis of enterprise Value evaluation,including the related concepts,influencing factors and evaluation methods of enterprise Value,and through comparative analysis,chooses the free cash flow method to evaluate the enterprise Value of Zhonghuan Co.Ltd.The third part introduces the basic situation,industry situation and competitive advantage of Zhonghuan Co.Ltd.The fourth part is the financial analysis of Zhonghuan Co.Ltd.According to the historical financial situation and operating results,combined with the industry development trend and the competitive advantage of Zhonghuan Co.Ltd,it provides the basis for the following forecast of free cash flow.The fifth part is the core part of this paper,that is to use free cash flow method to evaluate the value of Zhonghuan Co.Ltd Company,through the analysis of the growth of Zhonghuan Co.Ltd,combined with non-financial factors to determine the value of Zhonghuan Co.Ltd Company.The sixth part is the conclusion and suggestion to determine the feasibility of free cash flow method in the evaluation of Zhonghuan Co.Ltd Company.It is suggested that investors should accurately grasp the characteristics of the industry and pay attention to the intrinsic value of the stock when choosing the investment object.It is suggested that managers should enhance the value creation ability of the company on the basis of Finance and effectively balance the relationship between investment and income. |
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