Based On The Residual Income Evaluation Model To Take The Valuations Analyze With Shandong Dong-e E-Jiao Group

Chinese securities market is gradually mature after 20 years development of China, The value investment theory and method by domestic investors gradually in the western developed countries. On corporate value estimation theory:Dividend discount model, Economic value added (EVA) model, the Free cash flow model and Residual income evaluation model. Medicine manufacture industry has been recognized as never fading sunrise industry, this paper is based on the residual income model to take evaluations analyze with the pharmaceutical manufacturing industry leading enterprises—Shandong Dong-e E-Jiao Co., LTD.This paper first drawn by the enterprise value concept of enterprise value and evaluation methods system; Then take the theoretical analyze from the residual income evaluation model of background, the premise, formula and comparison and evaluation and improvement aspects; Then take analyze from the macroeconomic situation and industry background, and Dong-e E-Jiao operational and financial situation, And based on the modified model of residual income of combining theory with the practice of Dong-e E-Jiao on its relevant accounting data analysis the value of 2010year,and with the same method is used to calculate the 2007-2009year, and share value verify company stock market performance, At last this paper make the summary with research results,insufficient and inspiration...