Research On Value Evaluation Of New Energy Bus Companies

With the continuous rise of China’s economic strength and the rapid development of various industries,people’s living standards have been gradually improved,but the environmental pollution and energy shortage caused by it have become a major concern of society at present.Therefore,protecting the environment,saving energy and reducing emissions,and developing new energy sources have become the top priorities of China’s sustainable economic development.The bus industry is an important industry driving China’s economic growth,and environmental pollution and energy shortage have become the biggest obstacles to the development of the bus industry.Therefore,the promotion and popularization of new energy buses is the only way to overcome this obstacle.This article analyzes the development status of new energy bus companies from the perspective of enterprise value assessment,which helps to provide investors and managers with more effective operating decisions and provides a reference for the country to formulate new new energy bus development plans.This article first introduces the research background and research significance,and collates and analyzes the relevant literature,including the theoretical basis and methods of enterprise value assessment.Secondly,the applicability of different evaluation methods is compared with the characteristics analysis of new energy bus companies,and on this basis,the B-S model is introduced,and a model suitable for the overall value evaluation of new energy bus companies is proposed.Then the value of the new energy bus company is divided into the current value and the option value,and the current value of the enterprise is evaluated through an improved free cash flow model,and the option value of the enterprise is evaluated through the B-S model.Aiming at the improvement of the free cash flow model,this article introduces the ARIMA model from an objective perspective,removing the subjective factors of some assessors,and then more realistically reflects the current value of new energy bus companies.Finally,taking Yutong Bus as an evaluation case,the paper analyzes the overall value of Yutong Bus Enterprise,and verifies the scientificity and rationality of the evaluation model in practice.This article is based on the research on value evaluation of new energy bus companies,and extends the theoretical application scope of enterprise value evaluation.And through relevant case analysis,it is believed that the FCFF model combined with the B-S model to evaluate the value of new energy bus companies can more accurately reflect the true value of the company,and can provide scientific reference for China’s new energy bus companies in investment and financing,mergers and acquisitions,and additional stock issues.By analyzing the industry of new energy buses,we have made a small contribution to accelerating the mature development of the new energy bus industry.