The Case Study Of Evaluation Of Enterprise Value Of BGS Company Based On EVA Method

In recent years, garbage and siege, soil pollution and a series of environmental problems by the public attention. In order to improve and alleviate China's environmental pollution problems, the state has introduced a series of environmental policies and regulations. Industrial policy, active guidance, the growing size of the industry to attract more and more investors began to pay attention to the long-term investment value of environmental protection stocks. In this context, the enterprise's own business decision-making, development strategies, assessors of the enterprise value of the accurate valuation are particularly important.By the end of 2015, BGS issued a non-public form of shares to specific objects, the price of 19.12 yuan per share, investors believe that the investment can benefit depends on whether the stock price is reasonable. In order to provide some reference for investors,this paper summarizes the current development situation and industry characteristics of BMI Company in the solid waste pollution prevention and control industry, and uses the data of BGS Company in recent years to analyze the financial statements. Development strategy to discuss the traditional methods of BGS company's corporate value assessment deficiencies. On this basis, this paper leads to EVA evaluation method. In order to show the applicability and rationality of EVA evaluation method, this paper firstly evaluates the enterprise value of BGS Company by cost method, evaluates and sums up the value of BGS company's assets and liabilities separately, and obtains the enterprise value evaluation value of BGS company. According to the relevant theory of EVA assessment method, combined with the national macroeconomic situation and the company's business forecast, the BGS company in the next four years EVA a reliable forecast, and the use of EVA two-stage model to assess the BGS company's corporate value.Afterwards, the enterprise value of BGS company under the cost method, the enterprise value of BGS company under EVA method and the enterprise market value of BGS company evaluation point are compared and analyzed respectively. Because of the EVA model, the BGS firm's enterprise value is closer to the enterprise market value, and the EVA method is more suitable for evaluating the corporate value of BGS than the cost method. By the calculation, BGS company value of 20.83 yuan per share,compared with the planned non-public offering of the stock price of 19.12 yuan, the value of the enterprise is underestimated, the enterprise has the investment value.