The Model Of The Appraisal Of Enterprise Value Based On EVA And Its Application

How to evaluate the real value of the listed companies is not only the important thesis in securities market but also the best concerned problem of investors. Some profit indexes have acted as the scaled standard of the listed companies for a long time. Most investors also make profit indexes as the scaled standard of the listed companies now, because it can be reflected in financial forms and have the characteristics of simple and clear, In fact, it can't reflect the real value of the company.This thesis uses the method that not only the theories research and the substantial evidence researches but also quantitative analysis and qualitative analysis combine together. The author firstly introduces why to choose the topic, the purpose and the content. Secondly, takes an introduction to the theory foundation of the way of evaluation in brief. Thirdly, contrastively analyzes EVA model and the other evaluation models in the highest flight, elicits it can reflects the true value and real performances of the companies, in view of equity capital, eliminating accountant distortion through accounting adjustment, considering the future of companies. Finally, the substantial evidence research applies the EVA model to calculate the evaluation of Zhongjijituan co. ltd, and compare with the share price in the marker.The characteristics of this thesis lie in to display all the valuation process in detail, and study of this aspect is relatively less in the domestic. The purpose lies in inquiry into the concrete calculation for investors.