Research On Enterprise Value Evaluation Of Kailitai Company Based On EVA

Since the 19 th National Congress of the Communist Party of China,medical reform has been continuously promoted at the national level,such as medical insurance fee control,tax "two ticket system" and other medical service charging system has been deepening reform,which has brought new challenges and opportunities for medical device enterprises to seize the market.Medical device enterprises have gradually attracted investors’ attention,and the value of enterprises has become the core of managers and investors’ attention.Therefore,this paper selects kailitai company as the research object,which is one of the representative enterprises of orthopedic medical devices,and introduces EVA as the evaluation method.Aiming at kailitai company,we use EVA valuation method to evaluate the enterprise value.Using EVA valuation method can not only make the enterprise value more real,but also improve the enterprise value,Moreover,investors can make reasonable investment decisions by using the evaluation results,which is also helpful to improve the management level of enterprises.Firstly,this paper reviews the literature about EVA and the application of EVA valuation model at home and abroad,and elaborates the related concepts and theories of the enterprise value evaluation and EVA valuation model.Secondly,it briefly introduces the general situation of kailitai,and analyzes the financial situation of kailitai by using the financial index method Then,according to the actual situation of kailitai company,we adjust various items such as impairment reserves,R & D expenses and other balance sheet and income statement related items,calculate the five-year historical EVA value of kailitai company,and then predict the future development of kailitai company,The profit statement and balance sheet items from 2021 to 2026 are forecasted,and the EVA value in the forecast period is calculated.The comprehensive calculation result is 12725196400 yuan,which is compared with the market value of 11459174900 yuan of kailitai company.The difference rate is 11.05%,which verifies the effectiveness of kailitai company’s EVA valuation,Finally,according to the process and results of enterprise value evaluation,this paper puts forward some targeted suggestions on how to improve the enterprise value of kailitai company.