Research On Value Evaluation Of The Listed IOT Companies

In recent years, the rapid development of the Internet of Things has set off the third technologicalrevolution for the development of information industry in the world after computer and the Internet. Itis necessary for investors to understand the intrinsic investment value of the listed companies ofInternet of Things when they want to capture their investment opportunities. In addition, the key forthe listed companies of Internet of Things to obtain a higher market value of the investment to attractthe majority of investors is enhancing their business performance. Therefore, it is necessary to assessthe value of the listed companies of the Internet of Things.On the basis of a comprehensive study of the relevant literature on value assessment, the paperattempts to analyze the theory and evaluation methods of business valuation and compare theadvantages and disadvantages of each valuation method and its applicable scope. And it describes theadjustment of valuation method of EVA and the model. After analyzing the listed companies of IOT,selects the valuation method of EVA which is suitable for the listed companies of IOT. Then weevaluate the listed thirty-one companies of IOT and analyses the differences between the share valueand the actual stock price. Finally, the paper draws six main conclusions and tries to give someadvices on how to improve enterprise valuation. The paper uses qualitative and quantitative researchmethods. Qualitative analysis is used to discuss the enterprise valuation methods, their applicablescope, as well as their advantages and disadvantages. In addition, the paper has studied on thedefinition, basic situations and how to choose a business valuation method of the IOT companies.Based on qualitative analysis, we calculate the value of historical EVA and forecast the extraordinarygrowth stage as well as sustainable period. According to the two stage model of EVA valuation,business valuation of each sample is determined. After the study, there is a difference between valueper share and the actual price according to the model of EVA valuation, but the difference is not big.Stock price has been overvalued for some companies, but for some other companies’ stock price hasbeen underestimated. According to the results, investors are advised to carefully choose the listedcompanies of IOT to invest, and enterprise managers are advised to vigorously promote thedevelopment of EVA evaluation system. The self-construction needs to be strengthened for the listedcompanies of IOT to prevent the damage of the economic value.