The Valuation Research Of Ping An Insurance Corporation Of China

Enterprise value assessment is the enterprise internal management and external investors in common are the core issues of concern, and gradually become the assets appraisal industry in China the main content. At present, our company group, business diversification development trend is obvious, because each industry risk, with industry such as the different characteristics, the applicable valuation models are also different, so for many business group using a single valuation model to assess all business is not desirable. China’s" enterprise value assessment guidance (Trial)" pointed out:Nineteenth the logon Assets Appraisal teacher on a variety of business, involving a variety of industries enterprise value assessment of enterprises, we should focus on the various business types, were analyzed. In view of this, research business group company enterprise value assessment methods are meaningful.This choice was to insurance, bank, investment three business comprehensive management of China Ping’an Financial Corporation as a case study:the first part introduces the research background, problems and solutions; second on enterprise value assessment theory and the basic method and the suitable situation, combined with China’s actual conditions of peace initially selected as a case study to assess the income method the main method, market method as an auxiliary method; and then through the case company’s finance and industry analysis that the financial aspects of the partial pressure of long-term debt, asset turnover rate is low problem, industry, insurance industry is in a period of rapid development, peace is main income, source of profit, but the profit contribution degree is low, the banking industry is to mature and stable period transfer level, security is a great impetus for the development of the investment industry, dependent on the performance of the stock market, risk, based on the three stages of growth, residual income model on insurance business valuation, two stage equity discounted cash flow model of banking business valuation, the two stage of the cash dividend discount model on investment and business valuation after that, using the weighted average method of enterprise whole value, node The results show the basic hypothesis premise, in 2011the company of Chinese safe and sound corporate value range is551613-591543million, earnings per share value range for the75.1-80.5element, and the evaluation period China Ping An stock market prices in the $40 fluctuations near, according to the price and value of interval comparison, the stock price into the assessment value of the region, have a certain investment value; finally, according to the research analysis concludes with recommendations, points out the shortcomings of this paper and put forward the prospect of.Based on the value assessment of enterprises and financial management theory as a guide, demonstrates the use of comprehensive benefit method in Chinese peace to assess the value of the whole process of stock investment, investors and managers of the value management and put forward the related proposal, discussed much business group company enterprise value assessment methods.