Evaluation On The Rationality Of The Equity Pricing Of Techand

The topic of equity pledges has been high since 2018.Equity pledge as a quick financing means many shareholders through the pledge of shares in exchange for cash flow.However,in the context of the stock market downturn in 2018,there are significant disadvantages in the way equity pledge financing is appeared.Shareholders of many listed companies in the market are faced with the risk of losing their equity or control of the company,such as blowing up and closing out,and even some enterprises with better prospects for development are likely to suffer great changes due to lossing the control of shareholders.In this case,the state issued a series of relief programs can be very good to ease the pressure of some listed companies controlling shareholders.However,whether the work can be carried out smoothly,fair and reasonable equity transfer price plays an especially important role.This paper first introduces the background and significance of the thesis research,and makes a simple arrangement and literature review of the relevant papers on the value assessment and the residual income model,and defines the basic concept and lays the model foundation.Then,the company profile,the company’s operating environment and the background analysis of equity transfer are introduced in detail.Based on the agreed price and market price of this equity transfer of Techand Ecological,the reverse derivation principle of residual income is introduced to analyze the range of implied growth rate g.On the other hand,the introduction of operating surplus income model to evaluate the intrinsic value of Iron Han ecology,and with the agreement price,the recent trend of the stock market,analysis of Iron Han ecological this equity transfer pricing is reasonable.The final conclusion: the case of the case of the individual stock explosion risk-the deep investment control into the Iron Han ecological event,the equity transfer agreement pricing is reasonable.This paper on the evaluation of the reasonableness of transfer price,for the follow-up work involving the evaluation of equity transfer pricing provides some reference role.