Research On Value Evaluation Of Yili Company Based On EVA Model

In the process of development,enterprises need to effectively analyze the value they create through operation,so as to judge the correctness of the development model and achieve better development in the market.However,in the past,most enterprises generally analyzed the value through the data in the financial statements,but ignored the analysis of the enterprise equity capital.However,the equity capital of an enterprise can also create value for the enterprise,and this part of value is economic added value,or EVA for short.Part of the capital of an enterprise belongs to the cost of investment by investors,which can provide the driving force and guarantee for the sustainable development of the enterprise.Because enterprises need to be responsible for the investment cost of investors,they will pay attention to the supervision of their own operation to ensure the creation of EVA.However,if an enterprise wants to survive in the fierce competition market,it must formulate a more perfect development plan and make a comprehensive evaluation of the value of the enterprise.Thus,it is necessary to analyze and study EVA.This paper takes yili,a leading enterprise in the dairy industry,as an example.Through the calculation and analysis of EVA,we hope to have a comprehensive grasp of yili's value,so that the company can achieve better development in the future.This paper is divided into four parts.The first part discusses the specific reasons and functions of the research,and then analyzes and sorts out the foreign and domestic research on EVA theory to better guide the follow-up research.In the second part,relevant theories are introduced and relevant research models are established for the analysis of enterprise EVA.By learning theoretical knowledge,theoretical foundation is laid for the following part.Third part to specific case studies of EVA value evaluation,first of all introduces the yili company's financial condition,through the analysis of the four abilities for the subsequent model selection and adjust the groundwork of the selection of project,and then to the enterprise value evaluation is the most commonly used introduces the advantages and disadvantages of four kinds of main evaluation methods,analyzed the advantages of the EVA value evaluation method and relative advantage,and the feasibility of using in yili company analysis,calculate the yili company the real value of enterprise,combining with the above proposed increased investment in research and development,improve the capital use efficiency,improve theenterprise culture and so on,so that it can create more value in the future development,so as to have more competitive strength in the market,to obtain long-term development.In the last part of the paper,the final conclusion of the paper is obtained through the research and analysis of EVA above,indicating the effectiveness of EVA in calculating the enterprise value of yili company and providing practical significance for the investment decisions of managers and investors.