With the rapid development of economic globalization,China’s capital operation market has set off a climax.At the same time,with the rapid development of capital market,more and more investors begin to pay attention to the equity value of the company.In recent years,China has gradually established a multi-level capital market system,including the main board,small board,the gem and the new three board market.The new board is the science and technology,specifically for high growth innovative non listed shares of the company are listed equity transfer and private placement financing trading platform.The rapid growth of small and medium-sized Internet companies have important significance.Because of the lack of theoretical guidance of scientific China equity value evaluation,resulting in China’s equity valuation both in theory and in practice are lagging behind.Due to environmental requirements in our country does not have the foreign advanced research results required and capital market atmosphere,coupled with our new third market to establish a short time,the foundation is still shallow,leading to new three equity research enterprise value evaluation has become more and more important.It is in this context,based on the analysis of the case company S Internet Co operating conditions,financial status and future strategy and comparison on the basis of a variety of commonly used to assess the advantages and disadvantages and the applicability of the model,comparison and selection.Finally,this paper analyzes the use of the income approach to assess the S shareholders of the Internet Co all equity value of substantial value-added reasons from three aspects,and analyzes the direction of the valuation process and the problems in further research,in order to share China’s new board enterprise value assessment theory and practice to inspire and help,and for the majority of investment investors three new board of corporate mergers and acquisitions,private placement and venture enterprise project and provide help on asset evaluation. |