The private equity financing seems to have become a domestic SMEs to upgrade and seek development of key financing in modern financial mention.But because there is no relative centralized auction market environment,private equity investments in enterprise valuation compared to there is a big difference between the issuance of shares of listed companies,the former is more prone to valuation differences.Private equity financing is a very complicated task,very high professional requirements for domestic small and medium enterprises in the choice of the investor,the investor accepts the best tune,business investment agreement negotiation process has been living in disadvantaged entrepreneurs are most concerned about their own the central issue valuation of enterprises,in negotiations with private equity funds,the value of the business are usually negotiated,entrepreneurs with investors trading can continue to try and say that the game,which also need to continue negotiations with the comparison,and the absence of any standard indicators and principles,each request can be arbitrarily mobilize herein by valuation theory and application problems finishing business,analyze the current valuation of private equity financing common way,and affect the valuation factors were analyzed and discussions to F’s case analysis of its valuation of private equity financing program,which will serve as a case study on the one hand to be able to study the theory of valuation and equity financing to give rich material,on the other hand can give other SMEs private equity valuation scheme of financing to deal with the choice to give the appropriate reference.F company is a large domestic lithium battery manufacturing industry,the main business for the mobile digital type of lithium battery,in recent years,it is affected by the rapid growth of new energy automobile power battery market,F fast adjustment of product structure,expand the car power battery market share,and large amount of money to expand capacity and Investment in R & D.F the company decided to introduce equity financing capital bottleneck problem.This study is the most core of the F company of private equity financing process to analyze and discuss the factors affecting the valuation of private equity financingon this basis.This paper argues that the time grasp the financing and the selection of suitable investors,financial factors(including earnings per share and price-earnings ratio),non-financial factors(including enterprises growth,the enterprise in which the characteristics of the industry,the quality of the management team,negotiating ability and skills),All of these have a certain impact on the valuation of private equity financing of F company,For the fifth chapter of several current popular valuation theory,combined with the characteristics of F company are analyzed,finally choose the discounted cash flow method and relative valuation method two kinds of methods of equity valuation of F company,the evaluation process case are given in detail,and on issues related to the depth of analysis,calculation a reasonable value range,F shareholders get a reasonable equity valuation reference.Therefore,that the valuation of private equity financing in the enterprise,not only to fully combine the considerations of the above factors,but also the effective use of a variety of valuation methods. |