Equity Investment Value Analysis Of G Company, A Company To Be Liste

According to Guizhou’s development plan,Guizhou plans to successfully list 3 enterprises in 2022 and 5 enterprises next year.At present,Guizhou is tutoring and cultivating 8 listed enterprises.How to make these enterprises successfully listed is a matter of concern.In the process of enterprise listing,how to make a reasonable valuation of the enterprise is also an important thing.The most important part of the valuation of the company to be listed is the reasonable IPO pricing,because whether it is a discount issue or a premium issue is not conducive to the development of the company.G company is a semiconductor enterprise in Guizhou,which plans to break through the scientific innovation board.The characteristics of high growth,high investment and high risk of Scientific innovation board determine that it is quite different from the mature enterprises listed on the main board.Therefore,how to select the appropriate pricing model according to the characteristics of Scientific innovation board enterprises is a key issue for the valuation of G company to break through the Scientific innovation board.This paper first introduces the relevant concepts of enterprise value evaluation,then introduces the valuation characteristics of science and innovation enterprises,and analyzes the methods applicable to the value evaluation of science and innovation enterprises.Taking G company as an example,based on the market sales rate method,market research rate method and option method,the estimated values of G company are 29.88,31.33 and 30.75 respectively.When using real options for valuation,because some parameters are subjective,according to previous references,these parameters need to be verified.This paper verifies the rationality of the subjective parameters of the real option method through two aspects: one is that the setting of the subjective parameters is logical through sensitivity analysis,and the other is to use the selected subjective parameters to model the two listed comparable companies,The simulation price of the two companies is almost the same as the actual issue price to verify the rationality of the parameters.The following conclusions are drawn:(1)the applicability of the company’s feasibility study method to the market comparison method is reasonable.(2)The real option method is applicable to the value evaluation of science and innovation enterprises,and the Schwartz moon model is effective and operable in the value evaluation of science and innovation enterprises.(3)The share price of G company is about 30 yuan.Based on the market sales rate method,market research rate method and option method,the valuations of G company are 29.88,31.33 and 30.75 respectively,and the three values are around 30 yuan.Relying on the good market environment and the company’s own situation,G company is worthy of continued investment by equity investors.Through the analysis path of this paper,it explores a method that can be followed and provides reference for the company’s management and investors to analyze the equity value of the company to be listed in Guizhou.