Corporate value is the core technology of investment and financing.Under the education technical trend and the two-children policy,more and more educational corporate landing on NEEQ.Shenzhen Shener Technology Corp.,Ltd is the first stock of character cultivation education.Analyzing its valuation contributes to corporate investment and financing.One of the important goal for corporate landing on NEEQ is to finance,while investors hoping to invest good NEEQ corporate in reasonable valuation price.Shener Technology company has a short history.It has high grow in financial data and awash with cash.When using traditional valuation models,the valuation results show a big difference.Some of the models are even not suitable.As a high-tech corporate,Shener Technology company owns big potential intangible assets valuation.XinShanban think tank valuation assessment system aimed at NEEQ corporate characters,from value creation,value reflection and value trend dimensions,building 24 third level dimensions to value NEEQ corporate.This model is based on the experts’ score,nearly cover every aspects of valuation.This paper analyze Shener Technology company’ characters firstly,then using cash flow method,PE method,PB method,EVA method and XinShanban think tank valuation assessment system to calculate the valuation.Compare the results and analyze every method’s strengths and shorts.Cash flow method is not suit for corporate with negative free cash flow.PE method shows a higher valuation since NEEQ lack of liquidity.PB method ignores intangible assets value.EVA two-phases model is unsuitable for corporate without debts.XinShanban think tank valuation assessment model take every aspects into account,and offer a reasonable result.At last,this paper give some advises in Shener Technology company’future development and XinShanban think tank valuation assessment model’s improvement. |