| In recent years,the shortage of energy has restricted the development of China’s economy.In order to alleviate this phenomenon,China has vigorously developed the new energy industry in recent years.With the increase of new energy companies,the assets appraisal business in the industry is increasing year by year.Therefore,the evaluation of the value of new energy listed companies is becoming more and more important.Although there are some common methods used in the value evaluation of the listed new energy enterprises,there will be some shortcomings in the actual operation.Therefore,a more reasonable and accurate evaluation of the value of the new energy listed companies has become an urgent problem to be solved by the evaluators.In view of this,this paper first makes a brief literature review on the research status of corporate valuation at home and abroad,reviews the theory of enterprise value assessment,and collate the existing research results on the valuation of new energy enterprises.Then,the current situation of the development of new energy enterprises in China is introduced,this paper introduces that the asset based approach,the comparable company method,discounted cash flow method to assess the current enterprise value,option pricing method,analyzes the advantages and disadvantages of the model and the scope of evaluation of each theory,described the focus the residual income model,expounds the rationality of the residual income model to the valuation of new energy listed companies.Then the principle and basic form of the residual income valuation model are introduced,which lays a theoretical foundation for the construction of the residual income valuation model.According to the specific situation of New Energy Listed Companies in China,we analyze the value drivers of listed New Energy Company,and draw a specific residual income model for new energy enterprises listed.Finally,we choose the golden wind technology as an example to analyze the evaluation model.Through case study,draws the following conclusion: the residual income model applicable to new energy enterprise value assessment,this model is compared with other evaluation model has more explanatory power,these two parameters and found that the residual income model to assess the sales profit rate and capital cost of enterprise value assessment of new energy city results are affected. |
