Research On Enterprise Value Evaluation Of XJ Company Based On EVA

With the development of economy,the improvement of people’s living standard and the enhancement of health awareness,people pay more and more attention to the pharmaceutical industry.As a high profit and high research enterprise,the pharmaceutical industry has always been favored by the majority of investors,financing,mergers and acquisitions and other economic activities are also frequent.But at the same time,too much emphasis on short-term profits has also resulted in many medical safety problems,increasing the business risk and investment risk of enterprises.Therefore,both the managers and managers of the enterprise pay more and more attention to the long-term operation and future profitability of the enterprise,that is,the real value of the enterprise.In this case,the reasonable value evaluation of the enterprise becomes particularly important,while the traditional evaluation method is not very good to evaluate the future profitability of the enterprise,so this paper selects EVA evaluation method to evaluate the enterprise value of XJ company,and finds out the factors that affect its value creation to further enhance the enterprise value.This paper evaluates the value of XJ Company through literature review,ratio analysis and comparative analysis.The article is divided into five parts.First of all,this paper discusses the research background and significance of the paper,then expounds the existing research results of EVA at home and abroad and makes a simple summary,and finally explains the research content,methods and innovations of the paper.The second part mainly introduces the concept and method of enterprise value evaluation and the theory of EVA,and then introduces the construction of EVA model.The third part is the introduction and analysis of the basic situation of XJ Company.Through the analysis,it is found that XJ Company is in the growing period at present,which lays the foundation for the subsequent model selection and data prediction.Then,it uses the Company’s current enterprise value evaluation method to evaluate its value,and expounds the necessity of EVA enterprise value evaluation.The fourth part mainly uses EVA to calculate and analyze the enterprise value of XJ Company.Then it compares the evaluation results under the cash flow method and EVA evaluation method,and combines the evaluation process to verify the applicability and rationality of EVA evaluation method for enterprises,finds out the shortcomings of enterprise value creation,and finds out the factors affecting the Company value creation in combination with the specific business of enterprises.In order to improve the overall value of XJ Company,the fifth part puts forward some specific suggestions to improve the enterprise value.