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Enterprise Value Analysis Of D Landscape Based On EVA

Posted on:2020-01-26Degree:MasterType:Thesis
Country:ChinaCandidate:J Y QuFull Text:PDF
GTID:2392330602964206Subject:Accounting
Abstract/Summary:PDF Full Text Request
In recent years,the serious global pollution makes environmental protection become a hot topic.Environmental protection awareness of the public,the government's attention to environmental protection issues and so on have helped the development of environmental protection enterprises.As a high-tech industry,the environmental protection industry needs to keep up with the development of technology.Therefore,the early-stage technology investment is relatively large.Meanwhile,the environmental protection industry has the characteristics of long payback period,uncertain future income and negative pre-stage profit,etc.These characteristics make the financing channels narrow.The environmental protection industry is attracting more and more investors due to the increasing popularity of environmental protection issues in recent years.It is very important for investors and managers to understand the enterprise value.This will help investors make correct investment decisions,and corporate managers will timely make adjustments more suitable for the future development of the enterprise.Based on target enterprise-D Landscape co.,LTD.(hereinafter as clearness "D Landscape" for short)to make the enterprise value analysis method is adopted by the method of EVA,because traditional enterprise value evaluation methods ignore the rights and interests of the cost of capital and other important project's influence on the enterprise value,compared with the EVA enterprise value analysis method,the traditional enterprise value analysis method showed some shortcomings,thus to make the results more close to the real value of enterprise,decided to use the EVA method.This paper first introduces the research background such as the development status of environmental protection enterprises and the research significance of applying the enterprise value analysis theory to specific industries in China.It also refers to the relevant literature at home and abroad and summarizes and sorts them out.It also introduces the research content,case analysis method and other research methods as well as the innovation points of the paper.Then,the concepts of enterprise value and enterprise value are clearly defined,and the influencing factors of enterprise value analysis and three major enterprise value analysis methods are introduced.Among them,the concept of EVA method is introduced from the theoretical level and the advantages of EVA method are expounded.Then it makes a basic analysis of D Landscape.Firstly,it introduces the characteristics of the environmental protection industry in which the target enterprise is located,and then introduces the background and basic operation situation of the target enterprise.Finally,it elaborates the reasons and advantages for the target enterprise to choose EVA method for enterprise value analysis.Then it is the application of EVA method in the enterprise value analysis of D Landscape.In this part,the enterprise value analysis method of EVA is first applied to the historical EVA calculation of the target enterprise--D Landscape.Then it is the management strategy analysis of D Landscape enterprise value.This part puts forward the enterprise value management strategy based on the influence factors analyzed based on the calculation results of EVA before,in order to put forward feasible Suggestions for the improvement of D Landscape enterprise value.
Keywords/Search Tags:EVA method, Enterprise value analysis, Value management
PDF Full Text Request
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