Empirical Analysis Of Enterprise Value Based On Different Models Of Enterprise Value Poly Real State

Financial liberalization and internationalization is played an important part in the world, as its highlight as a pillar industry of the national economy, the real estate industry has been a concern. As China’s capital market now has a large number of real estate companies listed companies overall, with the advent of industry adjustment cycle, competition, promotion and industry development model transformation of the degree of concentration is the trend. Therefore, inter-sectoral and inter-sectoral and cross-sectoral internal acquisition, merger, reorganization will become increasingly frequent, as well as other issues such as the follow-up of investors, which is a core issue is how to make reasonable value of listed real estate companies valuation has become the most important issue that must be faced. But in reality, when the situation is not optimistic, overvalued or undervalued situations have occurred. Taking into account the results of the assessment to resolve a single assessment models are often associated with the company’s valuation and the reality of the stock market often reflects the market value of the company stock price greater deviation, thus affecting the business intrinsic value problems in assessing the value of the deviation occurs then What assessment process valuing real estate companies choose to become one must first solve the problem. This paper selects the listed room rate of the leading enterprises in Poly Real Estate as an object, in order to make more use of three various mainstream enterprise valuation model analysis, trying these three methods of valuation of the real estate industry in the process of evaluation of applicability.Faced with the listed company can evaluate the use of indicators reflecting market conditions is necessary, but different assessment methods for different models, considering the value of the focus is not the same, we estimated that the conclusions are different emphases, different results. EVA evaluation model focused on the surplus value to assess the business value of corporate equity cash flow model from the perspective of creditors to assess the business value of the cash flow from the entity all the investors to think in terms of enterprise value. In this paper three models of Poly Real Estate business analysis examples demonstrate concluded.After making a lot of empirical research, come in three different evaluation models among the equity cash flow compared to the other two assessment models, the results closer to the true value.