Analysis Of Enterprise Value Based On EVA

Domestic economic growth continued to slow in 2015,into the new normal,the global economic differentiation and the domestic economy,the three overlay makes the domestic automotive market complex,challenges and opportunities coexist.Overall,continue to promote urbanization,public entrepreneurship,innovation policy,reform of the bus,the yellow car out and the promotion of new energy vehicles policy,consumption capacity enhancement and upgrading of consumption,and promote the Chinese economic internationalization strategy will be conducive to the development of the automotive industry;but the economic slowdown,real estate and stock market downturn and joint venture brands intensified,price competition will be more intense,increased exchange rate volatility and trade barriers and other negative factors still exist.The overall slowdown in the automotive market,into the era of micro growth.Although the increase in consumer spending and consumer upgrades are conducive to the growth of the passenger car market,but by the investment growth rate down,the impact of industrial restructuring and upgrading and other factors,the commercial vehicle market sales are still in the doldrums.This paper mainly discusses the value of a company,through the model analysis.The method is applied to analyze the value of the enterprise has a lot of,but with the development of financial theory knowledge,realize the maximization of shareholder wealth this view has been recognized by many people,so we choose to reflect the real intrinsic value of EVA(economic value added)model to analyze and study the Target Corp.In this paper,the selection of the Jiang Huai Automobile Corp as the research object,basic information of JAC,pay attention to the economic profit,in order to analyze the intrinsic value of the enterprise as the core,the way to quantify the financial data of Jianghuai Automobile is analyzed,with the data of the financial statements in 2011-2015 years as the basis,calculate the JAC-2015 in 2011 in the history of EVA,EVA on 2016-2020 years of numerical prediction,and calculate the internal enterprise JAC 2016 value,and at the end of the day(December 31,2015)the price for comparison,compare the Jianghuai Automobile whether they have investment value,and analyzes the reasons of the differences.Finally,we discuss the advantages and disadvantages of EVA in practical application,find out the problem,and put forward the corresponding countermeasures,which not only give investors a reference,but also for the future development of enterprises as a reference.