Research On Value Evaluation Of Third-party Logistics Enterprises

Since the 1990s,influenced by the substantial increase in the national economy,China's logistics industry has rapidly developed.The leading factor in China's commodity economy has shifted from the manufacturing industry to the commodity circulation industry.Therefore,the development of the logistics industry determines China's commodity economy.development of Since entering the 21 st century,the trend of global economic integration has become obvious.With the continuous advancement of information technology,more commodity transactions have strengthened circulation around the world,stimulating the activity of the logistics industry to a large extent,and its scale has continued to increase.expand.Compared with traditional logistics companies,third-party logistics,as a representative of modern comprehensive service logistics,can reduce logistics costs,shorten the logistics and transportation cycle,and gradually occupy the leading position of the logistics industry.The scale of the third-party logistics industry has gradually expanded,and third-party logistics companies are gradually being valued by investors.Market competition will force third-party logistics companies to conduct mergers and acquisitions and reorganization of assets with each other to gain greater market share and faster development.Therefore,the correct assessment of the overall value of third-party logistics companies can provide investors and business managers with good decision-making basis.The article is divided into five parts to evaluate the value of third-party logistics companies in China.First,it introduces the research background,research significance and research content of the article.It also summarizes the literature on the third-party logistics and enterprise value evaluation at home and abroad.Secondly,it introduces the basic theory,the premise of use,and the specific operations based on the three current mainstream assessment methods.Third,simply introduce relevant concepts of third-party logistics,analyze the status quo of China's third-party logistics,its macro environment,and future development forecasts,and explain the characteristics of third-party logistics companies from the perspective of profit sources and value composition.Combined with the characteristics of the three major assessment methods,the applicability analysis,and concluded that the free cash flow discount model of income method is suitable for China's third-party logistics company value evaluation method conclusions.Then,in conjunction with the specific case of H Logistics,the free cash flow discounted income method was applied to the value evaluation of the H logistics company.The evaluation process was discussed in detail,the evaluation results were analyzed,and the main factors affecting the evaluation results were analyzed.Single factor sensitive analysis not only provides a reference for the third party logistics company value evaluation,but also has certain practical significance.Finally,I summarized the whole article and pointed out that there are still deficiencies in the research process.