Enterprise Value Evaluation Of Company A Based On FCFF Model

1987 Peking University Qian Tianbai sent the first e-mail to Germany.Since then,the Internet has been introduced to China,and China’s Internet industry has begun to flourish.The fertile soil of the Internet has spawned takeaways,games,short videos,shopping,etc.In an emerging industry,the education industry is an industry that is slow to be affected by the Internet.In fact,it began to be Internetized earlier.In 1996,there was a distance education website such as 101 Network School and other Internet and education,but because of the technology on the one hand Not too good enough,on the one hand the Internet is not yet popular and the traditional offline education is still the mainstream trend,so the user experience is very bad.Finally,in 2013,the Internet industry ushered in an investment boom in China.At this point,a large amount of monetary resources and human resources poured into this industry,the Internet.The education industry began to flourish here.In 2017,the emergence of the“live broadcast” method enabled the entire Internet education industry to realize large-scale realization.In 2018,with the initial formation of the industry competition pattern and the gradual improvement of relevant administrative regulations in the industry,Therefore,based on the FCFF model,this paper takes the A company as an example to study the applicability of the FCFF model in the evaluation of Internet education enterprises.First of all,this paper summarizes the literature on enterprise value assessment and Internet enterprise value evaluation.Secondly,it introduces three traditional evaluation models and EVA models,and expounds their applicability and the deficiencies of each model.The FCFF model is used as an evaluation model,and the market results are used to obtain the evaluation results.Then,the results obtained by the two models are compared with the value of the A company’s standard day stocks to arrive at the final conclusion.After the final calculation and analysis,this paper believes that the FCFF model has certain applicability when evaluating the value of Internet education enterprises,and can provide some reference for investors.