Research On Enterprise Value Evaluation Of Y Company Based On Real Option Model

As corporate value assessment and its management become increasingly important to companies,more and more scholars are beginning to conduct in-depth research on their relevant theories.As a traditional enterprise,an agricultural company is an important force for carrying out agricultural industrialization,adjusting the structure of agricultural industry,revitalizing the rural economy,and promoting agricultural growth and increasing farmers' income.In the context of the increasing importance of corporate value assessment and the increasing emphasis on the development of agricultural companies,attention should be paid to the valuation of agricultural companies.Company Y is now a national leading poverty alleviation enterprise.It is representative and researchable.This paper firstly summarizes the theory of enterprise value assessment.Then it analyzes the applicability analysis of various enterprise value assessment methods according to the characteristics of agricultural enterprise industry,and obtains the value of real option in enterprise value.The traditional value evaluation method is difficult to fully reflect.In order to avoid the defects of the traditional value assessment method,the real option method is introduced as an important supplement,and a combination of the adjusted value present value method and the real option method is constructed to calculate the value of the existing assets and the physical assets.The value of the option;finally,in the case of Y company,apply the above assessment model to calculate its existing asset value,real option value and overall value,and compare with the stock price on the evaluation base date to draw conclusions.The research results show that the real option is applicable to Y company,and the model combination is applicable to the entire value evaluation of the enterprise.Through the comparative analysis with the stock price of the company,the overall value calculated by the real option method more accurately reflects the intrinsic value of the enterprise,and can provide scientific references for corporate investment and financing,mergers and acquisitions restructuring,additional stock issuance,etc.Also,it can provide accurate information to enterprises and their stakeholders.They can make scientific and rational decisions,and better promote the development of enterprises.