Research On The Valuation Of Enjie Shares,a Listed Company In Lithium Battery Diaphragm Industry

The Lithium battery industry has developed well with the planning and support of national industrial policies.In this context,listed companies in various segments of the lithium battery industry were sought by investors and their investment value was more and more prominent.While listed companies are very popular on the secondary market via lithium batteries,M&A are also common in the primary safety market.According to statistics,20-mergers and acquisitions in the lithium battery industry took place in2019 about 27,7 billion Yuan.The active capital market has provided wings to the expansion of the companies.Using the capital market for M&A finance can increase the efficiency of capital This is more efficient than conventional profitable reinvestment and indirect investment.Choice data show that from April 2020 total 176 listed companies are linked to the lithium battery industry on the domestic stock exchange,with a total market value of approx.2.54 trillion Yuan.The choice of a company whose value is underestimated is a difficult problem for investors.To solve this problem,we need the lithium battery industry,including its related sub-industries,study and use different valuation models to obtain quoted its share prices on the relevant stock exchange and finally to choose a target,。Based on the results of the evaluation,this paper first describes the theory of the absolute evaluation method and the associated evaluation methods and then selects Enjie,a leading company in the lithium battery film industry.On the basis of an analysis of its current situation and industrial development,four valuation methods are used to evaluate the value of Enjie.Calculation results of the EV/EBITDA method show,among the results of several valuation methods,the slightest deviation from the company’s current market price and the valuation results indicate that the current market price for Enjie’s shares is within a reasonable price range,indicating that: the company has a certain investment value.On the other hand,during the research process the development history of the lithium battery layer industry,industrial structure,Finally,we analyse the main determinants that affect the future evaluation results of the company and offer a value-enhancing proposal to the manager.