Research On The Valuation Of Power Lithium Battery Enterprises Based On Real Options

In recent years,in order to solve increasingly severe environmental problems,alleviate excessive oil dependence and promote the transformation and upgrading of the automobile industry,China is vigorously developing the new energy automobile industry.The rapid increase in sales of new energy vehicles has led to the rapid development of its upstream power lithium battery industry.As a core component of new energy vehicles,power lithium batteries determine the performance and future of new energy vehicles.Therefore,it is the focus of major manufacturers and governments Target,the competition in the power lithium battery market is also gradually fierce.At present,corporate reorganization,mergers and acquisitions,and investment and financing activities are becoming increasingly frequent,and these need to have appropriate models and methods for valuation and pricing of power lithium battery companies.There are more studies,but less research on the valuation and pricing of power lithium battery companies.In this context,this article first summarizes the importance and development of the power lithium battery industry,and analyzes the business model and industry characteristics of power lithium battery companies in depth.Then,based on the characteristics of high growth,high risk,and high certainty of the industry's general direction,this paper attempts to establish an EVA model to evaluate the existing value of the company,and a BS model to evaluate the potential value of the company.Finally,the two are added together.Become a company's overall value based on real options and EVA model valuation methods.With regard to the choice of research methods,this paper first studies domestic and foreign literature on corporate value assessment methods,and from a theoretical perspective,it demonstrates that pricing and pricing based on the real option theory and EVA model.Power lithium battery companies have certain advantages over traditional valuation methods.Superiority.Next,take Ningde Times,a leading company in the power lithium battery industry,as a case study,analyze its development history,business composition and financial situation,and then use this model to evaluate the intrinsic value of the enterprise.Finally,the results of the model's valuation and pricing are compared with those of traditional absolute and relative valuation methods.The research results show that the comprehensive application of the EVA overlay real option model can accurately reflect the overall value of power lithium battery companies.At the same time,in order to rule out the possibility of accidents caused by studying only individual cases,this paper selects six other typical listed companies in the power lithium battery industry for comparative analysis with the Ningde era.The research found that the applicability of the EVA overlay real option model method was proved,which provided a new reference path for the value evaluation field of power lithium battery companies.