Study On The Valuation Of Traditional Energy Enterprises For Green Transformation

Under the goal of "carbon neutrality",new energy sources are accelerating the replacement of traditional energy sources,and energy increments are also tilted more towards new energy sources.In this context,the growth space of traditional energy industry is continuously squeezed,and the future may face a great test.For this reason,traditional energy companies have sought the road of green transformation and expanded brand new business in order to enhance the overall value of the enterprise.However,as the characteristics of the new energy industry are very different from those of the traditional energy industry,the value influencing factors of traditional energy companies in green transformation are more diversified and complex.For this reason,it is particularly important to thoroughly study the value assessment of green transformed traditional energy enterprises.This paper takes traditional energy enterprises in green transformation as the research object,analyzes and discusses the value characteristics of traditional energy business and new energy business in depth,and uses the segment valuation method to incorporate normalized valuation theory and real option method theory into the valuation model,and further applies them to the value assessment of traditional energy enterprises in green transformation,and makes further extensions to the enterprise value assessment based on the existing valuation methods.In this paper,we analyze the case study of Huayang,and conclude that the segment valuation method model constructed with normalized valuation and real options method can better reflect the value of traditional energy enterprises in green transformation.The green transformation of the traditional energy industry is still in the embryonic stage,and the research in this paper can provide theoretical support for the green transformation work of the traditional energy industry in China.In addition,the research in this paper can provide a realistic reference for the management of traditional energy enterprises when making decisions on green transformation,and can also strengthen investors' perception of the value of traditional energy enterprises in green transformation.