| With the rapid development of China’s economy,the whole machinery manufacturing industry has also been rapidly improved,and is becoming more and more active in the domestic capital market.In the capital market involving machinery manufacturing industry,all kinds of financial activities,such as mergers and acquisitions between machinery manufacturing enterprises,investment and financing activities,are more and more frequent.Whether the value evaluation of machinery manufacturing enterprises is reasonable and objective is particularly important in this environment.However,in the current practice of asset evaluation,most of the evaluation structure will choose the income method to evaluate the value of machinery manufacturing enterprises.However,the traditional income method is more concerned with the current profits and performance of the evaluated enterprises,and ignores the future growth and investment value of the evaluated enterprises To be reflected in the future growth of the evaluated enterprise will be affected by various factors,with a certain degree of uncertainty,making it difficult for the evaluators to determine.This kind of neglect will make the evaluation result of the evaluated enterprise have deviation can not get the evaluation value accurately.Therefore,the main problem that being solved of this paper is how to improve the traditional income method,so that the impact of uncertain factors can be reduced in the value evaluation of machinery manufacturing enterprises,so as to obtain more accurate evaluation results.This paper firstly discusses the literature on the value evaluation of machinery manufacturing enterprises in this regard.It makes a statistical analysis of the methods used in the current evaluation of machinery manufacturing enterprises on this basis.Then,according to the characteristics of the machinery manufacturing industry,it analyzes the applicability of the evaluation methods used in the evaluation of machinery manufacturing enterprises.Through the analysis,we get the most suitable method for the evaluation of machinery manufacturing enterprises,that is,the income method.After that,it introduces the improvement of Monte Carlo simulation on the income method.Through the selected case SANY HEAVY INDUSTRY CO.,LTD,it uses two methods to evaluate the case,and then uses the present value(stock market value)of the selected enterprise as the judgment basis,so as to analyze the evaluation results of the two methods,and finally obtains the influence of the improved income method on the mechanical system The value evaluation of manufacturing enterprises will be more accurate.The research features of this paper are as follows: 1.Considering the characteristics of the machinery manufacturing industry,this paper analyzes the factors that affect the value of the evaluated enterprise,and then uses Monte Carlo simulation to improve the current method to get more reasonable results;2.Aiming at using evaluation results with interval in the current practice,this paper puts forward the combination of interval and probability to provide reference Investors and corporate decision-makers are more accurate reference when making decisions. |
