Analysis Of Photovoltaic Enterprise Value Evaluation Method

People’s demand for energy is rapidly increasing with the rapid development of science and technology,and the non-renewable energy sources such as oil,coal,and natural gas that were previously mined cannot meet the needs of people’s economic development in terms of the amount of extraction and environmental benefits.At the same time,in order not to be constrained by energy,people began to look for and develop new energy.Compared with other new energy sources,solar power generation has the advantages of safety,pollution-free,short construction period of power stations,and small environmental constraints,and has great development potential.Through the research on the current status and characteristics of the photovoltaic industry,this paper finds that China’s photovoltaic enterprises are susceptible to the impact of international market fluctuations and excessive reliance on policy subsidies and external markets.These characteristics make the photovoltaic industry face huge uncertainty and investment risks cannot be underestimated watch for.This article first reviews the domestic and foreign literature on corporate valuation from the perspective of theory and related applications,compares the advantages and disadvantages of absolute valuation methods and relative valuation methods,and determines the research framework.Secondly,based on the current situation of the photovoltaic industry and enterprises,the applicability analysis of the current mainstream value assessment methods is carried out.Then take company A as a sample case,analyze the company A’s operating status and development prospects in detail,and jointly use the economic value-added method and the option evaluation method to evaluate the current profitability value and future potential profitability value of company A..The study found that it is more reasonable to use a combination of economic value-added method and option evaluation method to evaluate photovoltaic companies.The calculation results based on specific indicators and combination evaluation methods show that Company A’s potential profitability in the future is significantly underestimated.Finally,combined with the evaluation results,the company’s experience in improving corporate value is summarized from the aspects of human resources,R & D investment and risk management.