The Research On The Improvement Of K Company's M&A Value Evaluation

With the development of China's economic marketization and the continuous improvement of the capital market,the occurrence of trading activities such as corporate acquisitions,mergers and equity conversions has increased substantially,and the demand for evaluation of corporate value by both parties has gradually increased.In the current economic background,asset restructuring has become a central link for listed companies to maximize corporate profits and expand the scale of enterprises.Providing scientific and fair value measurement standards in the process of restruction is of great significance to the stable and healthy development of the capital market.At the same time,it can also protect the interests of investors to a certain extent.Therefore,it is very important to evaluate the value of the enterprise objectively and accurately.How to choose the evaluation method and model,how to collect data for analysis and treatment,how to maximize the evaluation results to reflect the true value of the enterprise have become urgent problems for asset appraisers.Based on the above background,this paper takes K company M&A transaction as a case,and puts forward relevant suggestions for the problems that arise when using the two-stage growth model to evaluate the enterprise value during the merger.After comprehensively considering the condition of K company and its economic environment,the combination of qualitative and quantitative methods is used to analyze the shortcomings of the evaluation phase an d the development trend forecast in the process of M&A value evaluation.Under the guidance of the above problems,data analysis of the pharmaceutical industry and K company is used to calculate the actual evaluation stage and actual development trend of K company.Based on data analysis,the future free cash flow of the enterprise and use three-stage growth is predicted.The model yields an assessment that reflects the true value of the business and analyzes it.From the perspective of the evaluation process,the full text takes into account the various factors affecting the value of M&A,scientifically analyzes the real situation in the process of enterprise development,and adopts the methods and models closer to the actual control of the state to assess the value of M&A.The evaluation results obtained under the optimization of each evaluation process are more useful for M&A transaction.The research in this paper combines economic theory with evaluation theory,enriches the relevant theories of the three-stage model,and realizes the optimization of the enterprise value evaluation process.It has certain reference significance for the enterprise value evaluation practice in the current capital market merger and acquisition process.